JOB SUMMARY:

The Pricing Analyst will be responsible for developing, implementing, and managing pricing strategies to maximize profitability and competitiveness in the market. The role involves analyzing market trends, competitor pricing, and cost structures to provide accurate pricing recommendations for products or services. This position will work closely with cross-functional teams such as sales, marketing, and finance to support business objectives.

QUALIFICATIONS:

• Education:

Bachelor’s degree in Business, Finance, Economics, or a related field.

• Experience:

2+ years of experience in pricing analysis, financial analysis, or a similar role.

• Skills & Competencies:
• Strong analytical and quantitative skills.
• Proficient in Microsoft Excel (pivot tables, VLOOKUP, etc.).
• Knowledge of pricing software or data analytics tools is a plus.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of market trends and competitor pricing strategies.

Job Type: Full-time
Pay: AED3,000.00 - AED3,500.00 per mont

KEY RESPONSIBILITIES:

• Pricing Strategy Development:

Develop and implement pricing strategies to optimize profitability, considering market trends, demand, and cost structures.

• Market Research:

Conduct competitive analysis and market research to understand pricing trends and customer expectations. Use data to provide recommendations for pricing adjustments or new pricing models.

• Data Analysis & Reporting:

Analyze sales data, profitability, and performance metrics to ensure pricing is aligned with company objectives. Prepare regular reports on pricing performance and market conditions.

• Cost Analysis:

Review and analyze cost structures and suggest appropriate pricing adjustments. Work with the finance team to determine margin analysis and product cost breakdowns.

• Collaboration with Teams:

Collaborate with sales, marketing, and product teams to ensure that pricing strategies align with business goals, promotional activities, and product offerings.

• Pricing Models & Tools:

Develop and maintain pricing models, tools, and guidelines to assist in determining appropriate price points. Update and refine pricing strategies based on real-time market data.

• Pricing Adjustments & Recommendations:

Recommend price changes, discounts, or special offers based on market conditions, customer feedback, and competitive analysis.

• Documentation & Compliance:

Ensure all pricing strategies are well-documented and compliant with legal and regulatory standards. Maintain up-to-date knowledge of industry pricing regulations.

2+ years of experience in pricing analysis, financial analysis, or a similar role.

• Skills & Competencies:
• Strong analytical and quantitative skills.
• Proficient in Microsoft Excel (pivot tables, VLOOKUP, etc.).
• Knowledge of pricing software or data analytics tools is a plus.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of market trends and competitor pricing strategies