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Analyst I, Pricing/revenue Analyst
2 weeks ago
Summary
The role of Analyst, Revenue Management, is to be responsible for the development and implementation of revenue management strategies and tactics for a given set of routes/ markets, utilising pricing and inventory control measures.
**Job Description**:
Main Responsibilities
Pricing Development- Assess and segment demand based on market conditions- Maximise revenue by developing optimal fare structure on all routes and beyond points originating from assigned point of origin/commencement- Identify opportunities for tactical pricing actions for incremental traffic- Benchmark and monitor pricing strategy vs competition- Set group policy, procedures and fares for a given portfolio of markets- Regulatory fare filing where applicable- Work closely with revenue analysts, sales managers and market contacts to identify revenue opportunities and take early pricing actions
Revenue Management- Assess and segment demand based on market conditions- Maximise revenue on assigned routes by optimising inventory control measures and overbooking management- Work with Pricing Team to identify opportunities for tactical pricing actions for incremental traffic- Identify opportunities to maximise revenue through demand forecast/ inventory adjustments without significant adverse impact on demand and market share- Drive revenue management best practices and enhancements to the revenue management system- Work closely with pricing team, overseas managers and market contacts to identify revenue opportunities and take early revenue management actions- Post departure analysis to ensure strategies align with expected outcomes through constant evaluation of no-shows, go-shows, cancellations, and demand shifts.- Monthly forecast review and adjustments & development of annual revenue budget/ targets by month for assigned routes
Systems Settings/ Maintenance- Ensure timely and accurate update of fares in relevant distribution channels- Ensure timely and accurate set up of system influences and strategies
Requirements- Degree, preferably from a numerical discipline- Energy and enthusiasm, with demonstrable can do attitude- Self-starter- 1-2 year of experience in a similar role would be an advantage
Key Skills- Strong numerical and analytical skills with commercial acumen- Fluent written, spoken and reading capability in English- High level of accuracy and detail- Strategic outlook and understanding- Excellent communication skills and experience in working with people at all levels.- Ability to maintain the overview and see the bigger picture- Able to create and maintain strong internal and external networks- Able to handle simultaneous projects and adapt to a fast-paced, changing environment
Skills:
