Position: RA2079 Click to Play Video Title: Pricing Optimization Analyst Salary: OPEN Location: NJ - Montvale Description:
Consumer Product firm over 100 years old is looking for a Price Optimization Analyst who will be responsible for independently conducting quantitative analytics and mathematical modeling projects that support strategic and operational priorities. This role will leverage pricing science to recommend pricing structures and optimize margins. The role will also assume the responsibility of researching the latest technology used in pricing to better enhance operations.
Responsibilities:
Designs and develops machine / deep learning systems to analyze large transactional and economic data sets to support data-driven pricing decisions
Communicates conclusions from complex mathematical and statistical models (customer segmentation, risk, elasticity) to upper management team and various business units to optimize margin yields and pricing actions
Constructs algorithms and process flows to automate manual processes within CCP, DOS, Allpro, etc. and deploys process enhancements both departmentally and cross-departmentally
Responsible for overall technology priorities of the pricing team, including but not limited to reviewing new software, managing system upgrades, implementing business requirements to enhancements
Develops web scrapers and text mining algorithms utilizing website APIs and proprietary code to create actionable pricing optimization decisions from common data sources such as online discussion boards and open-ended survey results.
Works with IT department to aid in development of data pipelines, process flows, resolving technical issues and software configuration as they relate to pricing team
Responsible for development and deployment of quoting tools
Consolidates competitive market information in a useful manner to inform pricing decisions
Manages and maintains statistical models including but not limited to: BM market demand forecasting; Industry demand forecasting; Price elasticity and cannibalization; Demographic demand
Performs analyses for pricing models using various industry metrics
Supports senior management and peers with on-demand analytics
Requirements:
BA/BS in Economics, Mathematics or Statistics
3+ years of business experience
Solid grasp of micro-economics concepts and familiarity with sensitivity analysis
SAS, Eviews, Python or R preferred
Strong technical skills: Microsoft Office; data visualization tools (i.e., Tableau, Qlik); data querying tools (i.e., Business Intelligence)
Familiarity with business quantitative and statistical concepts (CAGR, Weighted Sum, Mean, Median, Standard Deviation, etc.)
Proven ability to work under pressure and meet deadlines
Skilled at multi-tasking in a dynamic team environment
Ability to master and oversee complex tasks with minimal supervision
Strong business writing and presentation
Excellent written and verbal communication skills with high degree of accuracy and attention to detail
Strong interpersonal skills and the ability to interact well with all levels of management
Team player with ability to build productive relationships across many facets of the company
This position requires minimal travel on as needed basis
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Position: RA2079 
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