Hiring/Managing Employees

Pricing Analyst Job Description Template

A well written pricing analyst job description will help ensure you hire the right person. Learn how to write one using our template and writing guide.

A pricing analyst is a key role in any business as they are responsible for ensuring that products are priced correctly. This includes conducting market research, analyzing data, and making recommendations to management. A well-written job description will help you attract candidates with the required skills to carry out the responsibilities expected of a pricing analyst. This includes an overview of the position, information about your business, duties and responsibilities, expectations, and qualifications. By crafting your job description with these key components, the hiring process will be easier and you will be able to find the best candidate more quickly.

What Does a Pricing Analyst Do?

Pricing Analysts are responsible for researching and analyzing data to help set prices for goods and services. They use their findings to develop pricing strategies that will help increase profits and market share. Pricing Analysts typically work in the retail, manufacturing or service industries. They collect data on competitor prices, costs of raw materials, production expenses and other factors that can affect pricing. They use this information to develop pricing models and make recommendations to company executives. Pricing Analysts also develop price quotes for customers and help negotiate pricing contracts.

Pricing Analyst Job Description Template

As a Pricing Analyst at [CompanyX], you will be a key member of the team that sets the prices for all of our products and services. You will work closely with the Sales, Marketing, and Finance teams to develop pricing strategies that are aligned with our business goals and objectives. In this role, you will be responsible for analyzing market trends, developing pricing models, and conducting competitive analysis. You will also be responsible for developing and maintaining our pricing database. The ideal candidate will have a strong analytical background and be able to think strategically. He or she will also be a quick learner with the ability to adapt to change.

Duties & Responsibilities

  • Understand and analyze customer needs, objectives, and requirements to develop pricing strategies
  • Research and collect data on prices, competitors, and market conditions to support pricing decisions
  • Develop financial models to assess the impact of pricing changes on company revenue and profitability
  • Analyze customer buying patterns and trends to identify opportunities to optimize pricing
  • Recommend price changes to management based on analysis of customer behavior, cost structures, and market conditions
  • Monitor competitor pricing activities and adjust company prices accordingly
  • Implement new pricing strategies and monitor results to ensure desired outcomes are achieved
  • Prepare reports detailing pricing analysis and recommendations for management review
  • Maintain up-to-date knowledge of pricing software and tools to support efficient data collection and analysis
  • Train other employees on pricing concepts and methodology as needed
  • Assist in the development and implementation of pricing policies and procedures
  • Perform ad hoc analysis as requested by management

Required Skills and Qualifications

  • Bachelor’s degree in business, economics, mathematics, or related field
  • 2-4 years professional experience in pricing, finance, accounting, or data analysis
  • Exceptional analytical skills with high attention to detail
  • Strong Excel skills; experience with statistical software a plus
  • Excellent communication, presentation, and writing skills
  • Proven ability to work independently and meet deadlines

Preferred Skills and Qualifications

  • MBA or Master’s degree in relevant field
  • Experience in the healthcare industry
  • Experience with pricing software, including SAS, R, Tableau, etc.
  • Advanced Excel skills, including VBA programming
  • Familiarity with SQL databases

How to Write a Pricing Analyst Job Description

If you’re looking to hire a pricing analyst, here are a few key elements your job description should include.

Job Brief

A job brief is a short, two- to three-sentence description of a position that appears at the top of a job posting. It should give the reader a snapshot of what the job entails and what kind of person would be a good fit for it. The job brief is your opportunity to sell the position to potential candidates, so it should be clear, concise, and persuasive.

When writing a job brief for a pricing analyst job, you should include information about the company, the position’s key functions, and the qualifications and experience you are looking for in a candidate. You should also mention the benefits of the position, such as competitive salary and bonuses, health insurance, and 401(k) matching. A strong job brief will entice qualified candidates to apply for the job.

Responsibilities

A pricing analyst is responsible for a wide variety of tasks, from conducting market research to developing pricing strategies to managing price lists. The job responsibilities section of your pricing analyst job description should list all of the key duties and responsibilities that are relevant to your company and the specific position.

Here are some examples of common pricing analyst responsibilities:

  • Conduct market research to understand competitor pricing strategies and develop recommendations for own company’s pricing strategy
  • Develop and manage pricing models, including but not limited to customer segmentation, value-based pricing and bundling
  • Analyze historical sales data to identify trends and recommend changes to pricing strategy
  • Work with cross-functional teams such as marketing, sales, product development, etc., to develop pricing strategies that support company objectives
  • Prepare and maintain price lists
  • Monitor and report on pricing KPIs such as gross margin, win/loss rate, etc.

Skills and Qualifications

The skills and qualifications section of your job description is where you get to really sell the role to potential candidates. This is where you can go into detail about what a qualified candidate looks like and what they will bring to the table.

When writing this section, think about the specific skills and qualifications that are required for the job and that will make someone successful in the role. Then, list them out in an easily readable format.

Here are some examples of skills and qualifications that you might want to include in your pricing analyst job description:

  • Bachelor’s degree in business, economics, finance or a related field
  • 2-4 years of experience in pricing, financial analysis or a related field
  • Strong analytical and problem-solving skills
  • Excellent Excel skills
  • Ability to work independently and take initiative
  • Detail-oriented with strong attention to accuracy
  • Flexible and adaptable, able to pivot quickly as needed

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