Pricing Insights Analyst
5 days ago
Objective of the Role
The Pricing Insights Analyst is responsible for conducting and developing analyses of pricing trends and offerings, transforming these into valuable analytics and actionable insights that empower the category management team to achieve its commercial and revenue objectives. This role involves gathering, consolidating, and analyzing complex datasets to generate insights, forecasts, recommendations, and reports aimed at optimizing pricing strategies. Additionally, the analyst will support the Category Insights team with ad hoc reporting and contribute to the development, monitoring, utilization, and training of analytics tools.
Responsibilities
Data and Market Analysis
Collaborate with the Category Insights Manager to generate reports and recalibrate metrics, including competitor analysis, category roles, Key Value Items (KVIs), and target price indices, to provide insights into market dynamics and consumer behavior. Assist in updating tool files following pricing strategy refreshes (e.g., category role mappings, item roles, KVIs, target price indices) to ensure alignment with current market trends and consumer preferences. Work alongside the Analytical Engineer to coordinate updates on competitor data sources, ensuring the accuracy and relevance of data used for competitive analysis.SKU Relationship Management
Oversee updates regarding the relationships of new Stock Keeping Units (SKUs), modifications to existing SKUs, incorrect item relationships, and delisted SKUs within the system. Manage the follow-up process for timely reviews of new SKUs. Facilitate weekly meetings with the core tool team (Support Specialist, Category Specialists, etc.) to discuss updates and ensure alignment on dependencies. Provide ad-hoc support and expertise to Category Specialists regarding item relationship updates as needed. Investigate flagged incorrect item relationships and notify the Master Data team of any discrepancies in the system to ensure operational efficiency. Conduct quarterly clean-ups of input sheets to maintain data integrity.Tool Development and Training
Assist the Category Insights Manager in generating monthly tool usage reports to identify categories with high override percentages. Support buying teams in planning, monitoring new initiatives, and investigating overrides. Contribute to the development of new functionalities for the analytics tool. Help define training materials, schedules, and engagement strategies with Buyers in collaboration with Trainers and the Category Insights Manager.Additional Support
Provide support to the Category Insights Manager and the Head of Category Management in managing exceptions, including generating reports and facilitating meetings.Qualifications
A Bachelor's degree in Data Science, Computer Science, Mathematics, Statistics, Information Technology, Information Systems, or a related field is essential.Experience
A minimum of 1 year of experience in a Data Analyst or similar position, utilizing data analysis techniques to solve business and technology challenges in a dynamic environment is essential. Proven experience in applying data mining, modeling, and statistical methodologies to support strategic business goals is essential. Experience in a retail, commercial, or IT setting is highly desirable.Knowledge and Skills
Proficiency in SQL, Python, and data analysis toolkits is essential. Strong skills in MS Office 365, particularly advanced Excel capabilities, are essential.-
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