Pricing Analyst

Posted 11 hours 19 minutes ago by Hays DT - Midlands

Permanent
Not Specified
Temporary Jobs
Shropshire, Shrewsbury, United Kingdom, SY1 1
Job Description

Your new company
Being one of the most dynamic battery distribution leaders in the industry where cutting-edge technology meets unmatched service. Whether powering a vehicle or an entire off-grid system, they tap into the latest energy storage breakthroughs from the world's top-tier battery brands.
Backed by the largest supplier network, they deliver the range, reliability, and technical knowledge you need to stay ahead.
Best of all, their sustainable solutions aren't just smart-they're cost-effective and eco-conscious, helping your business save money and the planet. They are a forward-thinking organisation who really care about their employees and offer lots of opportunities.

Your new role
The Dynamic Pricing Analyst will play a pivotal role in developing and managing pricing strategies across various products and markets.
This role involves leveraging data analytics and market trends to adjust prices to maximise profitability and competitiveness. The successful candidate will work closely with the commercial, purchasing and finance teams to create a robust pricing model that optimises revenue across different market conditions.

This will include improving the pricing mechanism to update pricing for B2B/B2C customers in our current ERP and developing a more agile and efficient future state as part of the IT business transformation plan. This role involves leading the development, implementation, and maintenance of dynamic pricing strategies driven by data analysis, customer behaviour, purchasing trends, and market competition. This includes ensuring consistency across pricing mechanisms and contributing to IT transformation projects that enhance pricing systems and automation capabilities. The role requires ongoing monitoring of pricing algorithms, scenario planning to assess impacts on revenue and profitability, and reviewing mechanisms to adapt to variables such as commodities, FX, and transport costs. It emphasises data analysis to uncover pricing opportunities, market trends, and demand forecasting, while also preparing regular reports on KPIs and financial outcomes. Responsibilities include managing supplier price benchmarking, linking cost inputs to pricing decisions, and conducting competitor research and market assessments to inform strategy. Collaboration with cross-functional teams such as Commercial, Finance, Purchasing, Marketing, and IT is crucial for aligning pricing initiatives. The role also involves optimising pricing tools for Real Time adjustments, running pricing tests, tracking results, identifying process improvements, and ensuring compliance with regulatory and internal policies, while maintaining clear documentation of pricing models and strategies.

What you'll need to succeed

  • Bachelor's degree in Economics, Business, Mathematics, Statistics, Finance, or a related field. A Master's degree or certification in pricing are a plus.
  • 2+ years of experience in dynamic pricing, revenue management, or a related analytical role.
  • Proven track record in developing pricing models and using data-driven insights to optimise pricing strategies.
  • Experience in using pricing tools, data analytics platforms, and advanced Excel or similar spreadsheet software.
  • Strong proficiency in data analysis tools and software such as Excel, SQL, R, Python, PowerBI or similar.
  • Experience with pricing software, ERP systems, or revenue management systems (eg, PROS, Vendavo, Pricefx).
  • The ideal candidate brings a proven ability to develop data-driven pricing models, proficiency in analytical tools like Excel, SQL, Python, PowerBI, and experience with ERP or pricing.

Key skills include:
Statistical modelling, forecasting, customer segmentation, and pricing strategy optimisation. Strong communication, collaboration, and problem-solving abilities are essential, along with sharp attention to detail and the capability to manage multiple priorities in a fast-paced environment.

What you'll get in return

  • A comprehensive benefits package
  • Hybrid working
  • Career progression

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.

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