Job Information
Wells Enterprises Senior Pricing and Promotions Analyst in Chicago, Illinois
The Senior Pricing and Promotion Analyst will be a key contributor to the Revenue Growth Management team. Responsibilities include creating pricing models, applying analytical rigor to pricing decisions, assuring overall data integrity, and providing insights to business leaders. Motivated self-starter with a passion for diving deep into data to identify trends and draw conclusions. Routinely makes recommendations to leadership and functional leads.
Responsibilities Include:
Own pricing analytics. Lead the collection of pricing data, create frameworks for pricing decisions, and identify opportunities to optimize sales. Apply advanced statistical and analytic techniques to large amounts of data with the goal of driving business decisions and providing the primary input in evolving the company’s pricing strategies.
Develop multivariable statistical pricing models, consumer price elasticity analyses, and measure the effectiveness of pricing strategies and promotions. Incorporate competitive pricing data into decision criteria to identify pricing gaps and opportunities; perform comparisons to industry/company benchmarks. Insure consistent pricing strategy, structure, trade rates and price points.
Research and maintain market knowledge to be aware of cost driver fluctuations and competitive movements affecting pricing. Review abnormal margins to ensure their accuracy and process pricing corrections as needed.
Work cross-functionally with internal customers in Marketing, Sales, Finance and Insights to provide guidance and alignment on pricing strategies, new products, and promotional activities.
Accurately produce pricing reports on a routine basis, as well as completing frequent ad hoc analyses.
Develop post promotional frameworks and machine learning algorithms to better predict consumer response to promotional vehicles. Create a promotional mix model to optimize promotional spend across offer types, product categories and retailers.
Suggest and implement enhancements to existing pricing processes and systems.
Requisition ID : 2207815