AddressJob Description :
Technical Skills Required : SQL, Python, Algorithm Development, Tableau (Good to have)
As a Pricing Analyst, you'll be the financial detective of the business world, using your analytical skills to determine the best pricing strategies.
Your main responsibilities would include :
Market Analysis :
- Keep a finger on the pulse of the market. Understand industry trends, competitor pricing strategies, and customer behaviors.
Data Crunching :
- Dive into data like it's a treasure trove. Analyze Supply and Demand data, seller and customer demographics, and other relevant information to identify patterns and insights.
Cost Analysis :
- Break down the costs involved in procuring and selling a vehicle. This helps in setting a baseline for pricing.
Profit Margins :
- Work your magic to find the sweet spot where the company makes a profit without scaring away customers.
- This involves balancing costs, market supply, market demand, and competitive positioning.
Pricing Models :
- Develop, implement and improve pricing models.
- These could be dynamic pricing models that respond to changes in the market or customer behavior.
Recommendations :
- Based on your analyses, provide recommendations to the decision-makers.
- You're the pricing oracle, guiding the company toward optimal pricing strategies.
Monitoring and Adjustments :
- Pricing isn't a set-it-and-forget-it task.
- Keep a vigilant eye on the market and make adjustments as needed. This could involve adapting to shifts in customer preferences or responding to competitor price changes.
Collaboration :
- Work closely with supply, demand, marketing, and finance teams.
- Effective communication is key to aligning pricing strategies with overall business goals.
