What are the responsibilities and job description for the Business Development & Pricing Analyst position at Prestige Staffing Information Technology Job?
We are looking for a Business Development & Pricing Analyst to join our team in St. Louis, MO. The Business Development and Pricing Analyst will play a pivotal role in our sales strategy by leveraging industry insights, economic analysis, and financial expertise to enhance the overall effectiveness of our sales team. This position focuses on delivering data-driven recommendations regarding product segments and pricing strategies that align with market dynamics and customer needs.
What will you do?
Reporting & Analysis
- Conduct thorough analysis of market trends, customer preferences, and competitive positioning within the spirits industry.
- Monitor economic conditions and theorize their impact on consumer behavior and pricing.
- Identify emerging opportunities and potential risks in the marketplace and deliver insightful variance analysis of results versus plan, forecast, and prior year.
- Evaluate various product segments to determine areas for growth and competition.
- Provide fact-based recommendations on which product segments to prioritize based on market data and sales performance.
- Develop key performance indicators (KPIs) to measure the effectiveness of pricing strategies and product segment performance.
- Regularly assess and report on pricing changes impacts and market strategies on the overall sales performance.
- Analyze financial results for the business unit and forecast against the current year, previous year and recommend actionable insights to maximize revenue.
Pricing & Financial Modeling
- Analyze current pricing structures and develop pricing models that maximize profitability while remaining competitive.
- Conduct pricing sensitivity analyses to assess customer responsiveness to different pricing strategies.
- Monitor competitor pricing and develop strategies to enhance our pricing position in the market.
- Partner with finance to develop models to evaluate Distilling Solutions projects and product segments.
- Develop and/or utilize tools to analyze volume and profit; identify actionable opportunities to improve revenue and profit.
Relationship Building
- Communicate findings with the Sales team and provide actionable insights that align with Sales strategies.
- Foster professional relationships with cross-functional teams including but not limited to Finance, Marketing, Research & Development to ensure alignment on business objectives.
- Collaborate with product development teams to align initiatives with market demand.
Data Management
- Maintain comprehensive records of market research, pricing analyses, and sales performance metrics.
- Ensure accurate and organized documentation of all analyses to support strategic decision-making.
- Utilize CRM and analytical tools to track and report on pricing effectiveness and market trends.
- Prepare and present analytical reports to management and sales teams to highlight key findings and recommendations.
What do you need to bring to the table?
- Bachelor’s degree in Business, Economics, Finance, or a related field (Master’s preferred).
- Proven experience in business development, pricing analysis, or a similar financial role (3 years preferred).
- Spirits industry experience preferred.
- Strong analytical skills with the ability to interpret complex data and make informed recommendations.
- Excellent communication and interpersonal skills to build rapport with internal teams and stakeholders.
- High attention to detail and organizational skills, with a focus on accuracy in reporting.
- Ability to complete pricing and financial modeling.
- Proficiency in data analysis tools (e.g., Excel, SQL, Tableau) and CRM software.
What will we provide you with.
- Medical
- Dental
- Vision
- Short-term/long-term disability
- Life insurance
- 401(k) / 401(K) Matching
- PTO
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