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Title
Text copied to clipboard!Pricing Specialist
Description
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We are looking for a detail-oriented Pricing Specialist to analyze various pricing strategies for our products. The Pricing Specialist will be responsible for analyzing competitor pricing matched with market expectations to determine the best target price for our products. You will work closely with the sales and marketing departments to develop and implement pricing strategies, monitor the impact of pricing changes, and adjust as necessary. You will also be responsible for maintaining pricing databases and providing pricing analysis as needed. The ideal candidate will have strong analytical skills, experience in market research, and a deep understanding of pricing strategies.
Responsibilities
Text copied to clipboard!- Analyze market trends and competitor pricing.
- Work with sales and marketing teams to develop pricing strategies.
- Monitor the impact of pricing changes and adjust as necessary.
- Maintain pricing databases.
- Provide pricing analysis as needed.
- Collaborate with product managers to understand product value and target markets.
- Develop pricing models and forecasts.
- Present pricing information to management.
- Ensure pricing strategies adhere to company policies.
- Stay updated on industry trends and pricing strategies.
Requirements
Text copied to clipboard!- Bachelor's degree in Marketing, Finance, Economics or related field.
- Proven experience as a Pricing Analyst or similar role.
- Strong analytical skills.
- Experience in market research.
- Understanding of pricing strategies.
- Excellent communication skills.
- Ability to work well in a team.
- Detail-oriented.
- Proficiency in Microsoft Office, especially Excel.
- Knowledge of data analysis tools and software.
Potential interview questions
Text copied to clipboard!- Can you describe a time when your pricing strategy significantly increased company revenue?
- How do you stay updated on market trends and competitor pricing?
- Can you describe your experience with data analysis tools and software?
- How do you handle disagreements with management regarding pricing strategies?
- Can you describe a time when you had to adjust a pricing strategy? What was the outcome?