Pricing Strategist

Location: Union, NJ

The company is looking for a Sr Analyst, Pricing with a strong passion for turning large amounts of data into actionable insights to drive improved business profitability.
          
In this highly dynamic and fast-paced environment, this individual will be responsible for leading the development of pricing strategies across the various businesses within the company. They will be integral in creating valuable insights into category/product level price elasticity, understanding the impact of competitive price changes, and working closely with the merchant partners to create optimal markdown cadences to maximize profitability. This position will have the opportunity to present findings and share insights with multiple business leaders throughout the organization including merchandising, marketing, supply chain, operations, finance etc.
 
Responsibilities:

  • Mine and translate data into meaningful insights and pricing recommendations for the operational and strategic business units

  • Answer key business profitability questions by using analytical techniques on data

  • Design, execute, analyze and interpret pricing experiments to understand real time price elasticity

  • Build metrics, analytics, and insights generators from core reporting and dashboards for socialization of price competitiveness throughout the organization

  • Support dynamic pricing process to make prices market competitive and improve price perception of the BBB brand in the marketplace

  • Mentor and coach analysts on the team on pricing analytics and strategy

  • Partner with merchant and planning teams to create optimal clearance markdown strategies to maximize margin

  • Analyze, interpret & communicate the results of pricing analysis, pricing experiments and pricing recommendations to the business units

  • Document key pricing strategies and analyze and track progress on strategic pricing decisions

  • Develop process improvements, analytical frameworks, share expertise with others, mentor and continually strive to improve overall contributions to the department

Experience/Skills

  • The ability to communicate complex quantitative analysis to the business in a clear, precise and actionable manner

  • Strong background in statistical concepts including regression analysis, A/B testing and experiment design

  • Possess excellent verbal and written communication skills, as well as demonstrable comfort presenting to management teams

  • Be detail-oriented and comfortable with a fast-paced, structured, retail environment 

  • A minimum Bachelor's degree in Statistics, Applied Mathematics, Operations Research, Computer Science, Engineering, Economics or a related field 

  • Expert knowledge of SAS (or R) and SQL

  • Expert knowledge of Microsoft Excel, Access, PowerPoint

  • Working knowledge of Microstrategy/Tableau (or other BI Viz tools)

  • 3-6 years professional experience in solving business problems using quantitative methods

Additional Skills And Characteristics

  • Solid project management skills

  • Impeccable analytical skills

  • Proven ability to drive outcomes and deliver results

  • Detail- and business process-oriented

  • Growth mindset

  • Demonstrates ownership & accountability in all efforts

Casey Needham