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Position: RA2079
Title: Pricing Optimization Analyst
Salary: OPEN
Location: NJ - Montvale

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.

  • 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

  • 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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