Pricing Analyst

2 weeks ago

Singapore PHOON HUAT PTE. LTD. Full time
Roles & Responsibilities

Responsibilities:

  • Conduct comprehensive market research and analysis to understand industry dynamics, competitor pricing strategies and customer preferences to identify opportunities & threats and adjust pricing accordingly for Food Service and Retail channels.
  • Determine optimal price points for new products or services based on cost analysis, competitive benchmarks, and value proposition considerations to ensure alignment with gross margin targets.
  • Collaborate with cross-functional teams to develop and execute pricing strategies considering factors such as cost, value proposition, and market positioning that align with overall business objectives and ensure consistency across channels.
  • Implement revenue management techniques to optimize revenue including price pack architecture, strategic pricing and price promotion management.
  • Analyse products’ profitability & gross margin for improving cost efficiencies, pricing structures, and product mix to maximize profitability.
  • Monitor and analyse pricing performance metrics to assess the effectiveness of pricing strategies and initiatives and make recommendations for continuous improvement.
  • Prepare reports/presentations to extract actionable insights and develop recommendations to support decision-making processes by leadership team at monthly/quarterly pricing (or revenue management) meeting.
  • Maintain and update pricing data in system for all channels.

Prerequisites

  • Minimum 5 years’ experience pricing analysis, market research, or related fields in industries such as retail, e-commerce, manufacturing, or consulting is beneficial.
  • Degree in Business Management/Economics/Finance/Statistics or related field.
  • Proficiency in quantitative analysis, statistical modelling, and data interpretation. Experience with data analysis tools such as Excel, SQL, and statistical software (e.g. Python) is essential.
  • Good understanding of business principles, market dynamics, and pricing strategies with ability to translate data analysis into actionable business insights.
  • Strong verbal and written communication skills with the ability to present complex ideas and findings in a clear and concise manner.
  • Keen attention to detail and accuracy in data analysis and reporting. Ability to identify patterns, trends, and anomalies within datasets.
  • Ability to work collaboratively in cross-functional teams and influence stakeholders across different departments.

Tell employers what skills you have

Market Research
Revenue Management
Cost Accounting
Microsoft Excel
Data Analysis
Analytical Skills
Dynamics
Quantitative Analysis
SQL
Attention to Detail
Python
Pricing Analysis
Presentation Skills
Pricing
Manufacturing

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