What are the responsibilities and job description for the Pricing Analyst position at Omega Holdings?
We are looking for a data-driven Pricing Analyst to support our market intelligence and pricing strategy efforts. This role will play a key part in analyzing industry pricing trends, providing strategic pricing recommendations, and supporting internal decision-making to optimize profitability and market positioning.
Key Responsibilities:
- Conduct ongoing research and analysis to track market pricing trends across various product categories.
- Utilize automated tools and data sources to gather and maintain relevant market and competitor pricing insights.
- Support pricing strategy by recommending data-driven price points for key products, aligning with overall business objectives.
- Analyze pricing structures using the 80/20 rule, ensuring market-leading prices on high-volume products while maximizing profitability on lower-volume items.
- Collaborate with purchasing teams to provide target cost guidance for vendor negotiations.
- Evaluate the impact of pricing adjustments on sales and profitability, incorporating elasticity modeling and market comparisons where available.
- Contribute to new product pricing strategies by leveraging industry benchmarks and acquisition cost estimates.
- Present quarterly pricing insights and strategic recommendations to leadership.
Qualifications:
- Ideally 5 years of experience in pricing, financial analysis, business strategy, or similar field
- Strong analytical and research skills with the ability to interpret market data.
- Experience with pricing models, financial analysis, or competitive intelligence preferred.
- Proficiency in data tools and Excel; experience with web scraping or automation tools is a plus.
- Ability to translate data into actionable insights that drive business decisions.
This role is ideal for someone who enjoys working with data to inform strategic pricing decisions. If you have a keen eye for market trends and a passion for analytics, we’d love to hear from you!