Senior Pricing Analyst

Company: Northern Tool & Equipment - Glassdoor 3.8 ?
Location: Burnsville
Posted on: April 30, 2021

Job Description:

PRIMARY OBJECTIVE OF POSITION:

To review, execute, and manage established pricing strategies in alignment with the Company’s goals and business initiatives.


MAJOR AREAS OF ACCOUNTABILITY:

1. Performs pricing activities such as providing an analysis of a variety of external pricing data, executing the price change process, and overseeing the pricing calendar in order to ensure strategic goals are achieved.

2. Collects and validates external pricing data from multiple sources including the Internet, trade publications, and vendors to ensure relevancy to defined pricing strategy.

3. Supports the development of price tests by creating various pricing scenarios.  Works with Manager to identify best scenario(s), implement  tests, and  analyze results.

4. Models sales and margin impacts associated with pricing scenarios and presents results to Manager in order to determine feasibility of new pricing structures.

5. Creates and validates pricing recommendations for accuracy and alignment to category strategy by analyzing data from various pricing tools.

6. Provides pricing recommendations to manager for final review and approval prior to implementation. 

7. Tracks and analyzes results of price adjustments and works with manager on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities.

8. Ensures pricing strategy meets the defined product categoy strategy by reviewing sell price components of margin and revenue.

9. Reviews category pricing according to a pre-determined schedule or according to an identified need.

10. Acts as a consultant on new item pricing by supplying competitive data and other analytics of product category.

11. Utilizes existing analysis tools to create customized pricing analysis and reporting as requested or based on an identified need.

12. Takes initiative in identifying and resolving issues around pricing and margin through working with peers and management.

13. Keeps manager informed of important developments, potential problems and related information necessary for effective management.  Coordinates and communicates plans and activities with others, as appropriate to ensure a coordinated work effort and team approach.

14. Performs related work as apparent or assigned


QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in a related field required with a concentration in Business, Economics, or Mathematics preferred.
• At least 5 years of related Merchandising or Analyst experience.
• Excellent analytical skills and ability to provide follow-up research when necessary.
• Ability to effectively gather and manage information from a variety of internal and external sources.
• Strong math aptitude including understanding components of financial analysis and the ability to work accurately with numbers.
• Ability to be flexible and react quickly to change.
• Excellent computer skills with the ability to effectively work with the Microsoft Office applications including Excel.
• Experience with SQL or relational database preferred. 
• Experience working with Revenue Optimization and Competitive Pricing software.
• Ability to travel on at least on a quarterly basis.
• Strong organizational skills in order to effectively manage a variety of responsibilities.
• Ability to communicate effectively, both orally and in writing, with a wide variety of company and vendor personnel.
• Demonstrates Northern Tool + Equipment’s 12 Core Competencies.

Keywords: Northern Tool & Equipment - Glassdoor 3.8 ?, Burnsville , Senior Pricing Analyst, Other , Burnsville, Minnesota