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Product Pricing Analyst / Strategist at the Concept Group

Product Pricing Analyst / Strategist at at the Concept Group
  • Full Time
  • Lagos

the Concept Group

Product Pricing Analyst / Strategist at the Concept Group

Job Title: Product Pricing Analyst / Strategist at the Concept Group

Location:?Yaba, Lagos
Employment Type: Full-time

Job Summary

  • Pricing analysts are highly analytical and work with complex data from multiple sources to help an organization determine and set competitive prices to increase market share and achieve revenue goals.
  • They are responsible for developing pricing models that incorporate margins for promotional and seasonal pricing based on competitor, market, and customer data.
  • The role of the Product Pricing Strategist encompasses working with the product team members and all other stakeholders within the organization to ensure that the pricing for all new & existing products across our business lines;Asset creation and Wealth management are optimally set to ensure optimal product performance, exponential growth and business profitability.

Duties & Responsibilities

  • Conducting market research to identify pricing trends, customer preferences, and competitor pricing strategies.
  • Analyzing data and developing pricing models that optimize revenue and profitability.
  • Collaborating with cross-functional teams, including sales, marketing, and finance, to develop pricing strategies that align with business goals.
  • Lead pricing-related projects including establishing timelines, defining deliverables and drafting communications or presentations.
  • Maintain knowledge and stay abreast of developments in the industry via information obtained from financial publications and services, government agencies, company sources, and personal interviews
  • Monitoring sales performance and adjusting pricing strategies as necessary to improve revenue and profitability.
  • Developing pricing policies and guidelines that ensure consistency across product lines and geographies.
  • Conducting pricing experiments and analyzing the results to identify opportunities for optimization.
  • Communicating pricing strategies and recommendations to senior leadership and other stakeholders.
  • Responsible for documenting and maintaining pricing processes.
  • Responsible for the review and administration of price deviations and exceptions.
  • Guarantee the accuracy of pricing data in ERP, targeting to eliminate pricing errors and ensure accurate communication to customers/clients
  • Any other tasks as assigned by the line manager

Qualifications / Requirements

  • Bachelor’s Degree in Finance, Economics, Statistics, Business Administration or other relevant fields
  • Minimum of three (3) years? quality experience in a similar role.
  • Proven and successful experience leading high-performing product pricing and promotional strategies for a business, resulting in increased revenue

Job Knowledge:

  • Must have a strong understanding of market trends, consumer behavior, and pricing strategies
  • Must be knowledgeable on product development methodologies
  • Must be knowledgeable on project management
  • Must be familiar with data analysis and interpretation
  • Must be able to conduct product lifecycle analysis
  • Must understand voice of customer (VOC)
  • Must have knowledge on strategy creation for product adoption.

Skills / Competencies:

  • Ability to work collaboratively with cross-functional teams
  • Ability to work independently and effectively in a team environment
  • Excellent analytical, decision-making, and problem- solving skills
  • Attention to accuracy and detail required
  • Critical thinking and problem resolution skills
  • Must be technologically savvy
  • Excellent organizational, planning, verbal, and written communication skills
  • Competence to analyze financial and non-financial data
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
  • Ability to effectively exchange information, in verbal or written form, by sharing ideas, reporting facts and other information, responding to questions, and employing active listening techniques
  • Proficiency in data analysis tools and techniques, such as Excel, SQL, and statistical software

Application Closing Date
19th January, 2024.

To apply for this job please visit conceptgroup-ng.com.

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