What are the responsibilities and job description for the Sr Analyst-Pricing position at Lowes?
Your Impact
Senior Pricing Analyst: Under the supervision of a Pricing Manager, the Sr. Pricing Analyst will support developing pricing strategies, recommendations, and guardrails for all product categories in their merchandising division. The Sr. Pricing Analyst will use technical tools and methodologies such as elasticity and demand curve modeling to determine optimal price points, test & control methodologies to identify the most effective pricing strategies, rules-based pricing to drive automation and consistency, cluster analysis to identify trends across similar products and geographies, and financial impact analysis to evaluate pricing recommendations and decisions. The Sr. Pricing Analyst will work to support financial and business target achievement for their area, while also positioning themselves as a key partner within the Merchandising organization.
What You Will Do
- Build and maintain strong relationships with Merchandising leaders and merchants, gaining in-depth knowledge of each business through assortment reviews, store walks, and consistent day-today communication with business partners
- Conduct financial analysis to support specific businesses and categories, synthesizing multiple disparate data sources to drive recommendations, and working cross-functionally to implement pricing strategies across all channels
- Develop and build repeatable workflows and templates to support efficient analytical processes while supporting various ad hoc analytical business needs
- Provide support to Lowe’s stores and help to resolve issues quickly and efficiently
- Monitor and respond to competitive movements to ensure consistency with broader pricing strategies and guardrails
- Collaborate with other Pricing and Assortment Planning teams to create synergies between teams
- Support the development and utilization of new tools and capabilities to deliver recommendations across the full product life cycle to business partners
- Support the development of clear and concise communications, often to senior leadership, that convey complex ideas in a simple, structured, and cohesive manner appropriate to the audience in order to influence an outcome or decision
- Support the Pricing Manager in ensuring that pricing strategies are developed, implemented, measured, and monitored effectively and communicating relevant progress and information to senior leadership
- Receive timely, effective, and actionable feedback and coaching from the Pricing Manager to support growth and development and enable effective performance of their role
Minimum Qualifications
- Bachelor's Degree in Business Administration, Finance, Statistics, or related field
- 3 years experience in Pricing, Data Analytics, Finance, Omni-channel Retailing, or related pricing and promotion field. Experience working in cross functional teams, data elements or financial metrics analyzes
- 3 years experience in Price Management, Merchandising, Financial Planning and Analysis, Store Operations, or Logistics. Experience as a Lead Merchant and/or Pricing Lead in an omni-channel retail environment. Experience working in cross functional teams, leadership with direct report responsibility, data elements or financial metrics analyzes
Preferred Skills/Education
- 2 years work closely with senior leadership (VP and above)
- Experience in Home Improvement Retail
- Experience working in an omnichannel environment
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
