Wakefern Food Corp.
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This range is provided by Wakefern Food Corp. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $60,000.00/yr - $75,000.00/yr
As a member of the strategic pricing team, the pricing analyst responsibilities are to establish, maintain and analyze price reference information, and to make recommendations that will facilitate optimal pricing decisions to be made by Pricing & Category Management teams. The pricing analyst will manage the day-to-day pricing activities across multiple categories; analyze and execute strategies that support the business goals.
Essential Functions
Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysis
Executes “what if” scenarios before finalizing and submitting prices for review
Develops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management team
Review system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholders
Tracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities
Provides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market share
Provides regular and ad hoc pricing analysis and reporting for procurement staff
Organizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategies
Provides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategies
Researches and resolves pricing issues as reported by stores and/or system-generated reports
Monitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occur
Evaluates retail prices across industry channels to maintain competitive market position while maximizing profitability
Models categories for the price system
Knowledge and Skill Requirements
B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalent
Strong analytical, quantitative, and qualitative analysis skills required
Exceptional collaboration, communication, and interpersonal skills
Exceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracy
Strong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbers
Must possess strong technical skills with ability to learn new software systems
Must have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit Dollars
Understand the economics behind price elasticity, multiples, and endings
Must possess a thorough understanding of competitive pricing
Demonstrated ability to independently develop new Excel models, charts and graphs as necessary
Ad-hoc analysis on methods to optimize price through market and pricing strategies
Evaluate all special pricing programs based on category manager input, including temporary price reductions
Excellent Excel skills, as well as proficiency in Word, Outlook and PowerPoint
Ability to rapidly learn new software systems and generate and analyze reports
Must be organized, detail oriented, and able to multi-task
Strong written and oral communication and negotiation skills
Ability to effectively gather and manage information from a variety of internal and external sources
Ability to be flexible and react quickly to change
Physical Demands and Work Environment Ability to work effectively in an office environment
Ability to work a four day in office hybrid schedule as established by the organization
Seniority level Associate
Employment type Full-time
Job function Analyst, Strategy/Planning, and Supply Chain
Industries - Retail
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This range is provided by Wakefern Food Corp. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $60,000.00/yr - $75,000.00/yr
As a member of the strategic pricing team, the pricing analyst responsibilities are to establish, maintain and analyze price reference information, and to make recommendations that will facilitate optimal pricing decisions to be made by Pricing & Category Management teams. The pricing analyst will manage the day-to-day pricing activities across multiple categories; analyze and execute strategies that support the business goals.
Essential Functions
Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysis
Executes “what if” scenarios before finalizing and submitting prices for review
Develops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management team
Review system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholders
Tracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities
Provides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market share
Provides regular and ad hoc pricing analysis and reporting for procurement staff
Organizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategies
Provides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategies
Researches and resolves pricing issues as reported by stores and/or system-generated reports
Monitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occur
Evaluates retail prices across industry channels to maintain competitive market position while maximizing profitability
Models categories for the price system
Knowledge and Skill Requirements
B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalent
Strong analytical, quantitative, and qualitative analysis skills required
Exceptional collaboration, communication, and interpersonal skills
Exceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracy
Strong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbers
Must possess strong technical skills with ability to learn new software systems
Must have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit Dollars
Understand the economics behind price elasticity, multiples, and endings
Must possess a thorough understanding of competitive pricing
Demonstrated ability to independently develop new Excel models, charts and graphs as necessary
Ad-hoc analysis on methods to optimize price through market and pricing strategies
Evaluate all special pricing programs based on category manager input, including temporary price reductions
Excellent Excel skills, as well as proficiency in Word, Outlook and PowerPoint
Ability to rapidly learn new software systems and generate and analyze reports
Must be organized, detail oriented, and able to multi-task
Strong written and oral communication and negotiation skills
Ability to effectively gather and manage information from a variety of internal and external sources
Ability to be flexible and react quickly to change
Physical Demands and Work Environment Ability to work effectively in an office environment
Ability to work a four day in office hybrid schedule as established by the organization
Seniority level Associate
Employment type Full-time
Job function Analyst, Strategy/Planning, and Supply Chain
Industries - Retail
#J-18808-Ljbffr