Pricing Analyst

6 months ago

Sandton, South Africa Core Group Full time

The primary objective of a pricing analyst is to determine the optimal price for a product that will maximize profits for the company. This involves computing, updating and maintaining the pricing within the relevant

systems.

The position reports directly to the Finance Business Partner

Overall, the primary objective of a pricing analyst is to help the company achieve its financial goals by setting prices that optimize revenue and profitability.
**To qualify, you'll need**:

- Grade 12
- Bachelor's degree in finance, accounting or data science
- At least 2-3 years of experience in retail, pricing, or finance role

**In addition**:
to the ability to analyse complex data sets and interpret market trends, a pricing analyst should possess deep business acumen, including a thorough understanding of the company's products, customers, and competitive landscape. Knowledge of financial concepts such as profit margins, revenue growth, and cost structures is also important.

Effective communication skills are essential for a pricing analyst to convey pricing strategies and recommendations to senior management and other stakeholders in both verbal and written formats. The ability to collaborate with cross-functional teams, such as sales, marketing, and product development is also necessary.

Given the significance of pricing decisions on a company's financial performance, a pricing analyst must pay close attention to details and be meticulous in their work. A strategic mindset and creative thinking are required to develop pricing strategies that can drive revenue growth and profitability.

Proficiency in using excel spreadsheets and other analytical tools for data analysis and modeling is a technical skill that is necessary for a pricing analyst. Adaptability and willingness to adjust pricing strategies as needed are also important traits as pricing strategies must evolve with changes in the market and competitive landscape.

Overall, a successful pricing analyst must have a strong combination of analytical, business, communication, and strategic thinking skills to effectively set prices that optimize revenue and profitability for the company.

**Your responsibilities will include**:
The pricing analyst will collaborate with sales and finance to establish promotional and discount strategies, analyze markets to prepare pricing, and maintain a pricing database. They will also prepare reports, presentations, and analysis for budgeting and forecasting purposes. Other responsibilities include monitoring margin performance, preparing pricing strategies for slow-moving stock, and automating pricing models for improved efficiency. Additionally, they will ensure the accuracy and maintenance of foreign exchange contract registers and allocate contracts to relevant vessels within service level agreements.

**Join Core Group for a once-in-a-lifetime opportunity**
- Get in on the ground floor of a company experiencing rapid growth
- Take ownership of meaningful work with measurable results
- Enjoy a work-life balance with flexible hybrid, remote, and in-office options
- Reap the rewards with competitive compensation and company-backed medical aid and pension plans
- Benefit from visionary leadership and mentorship
- Invest in your future with generous study leave and continuous learning opportunities
- Surround yourself with a friendly, collaborative team of top-notch individuals
- And if you're at HQ, fuel your creativity with unlimited, barista-made coffee and hot beverages.

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