Economist / Analyst / Pricing Manager, Salary: Up to c£50k + Car and benefits, Based: Peterborough (national travel will be required)
We have an exciting opportunity for an Economist / Analyst / Pricing Manager to join a leading multi-site business within the construction hire sector and who are part of a global group. The successful candidate will take ownership for providing economic analysis and insight and the delivery of the Pricing Strategy, ensuring the successful implementation & best practice across the business to increase branch margin, influence pricing and highlight how the pricing strategy can be executed through a mix of products within branch. Applicants will need to have experience in the economic analysis of markets or quantitative economics and a good understanding of competition economics and pricing.
Economist / Analyst / Pricing Manager Key Duties:
Responsible for driving the pricing strategy to maximise profitability and best practice across the business.
Provide full economic analysis of markets, competition economics and pricing to provide insight to the business.
You will need to develop, execute and maintain processes in direct response to market conditions and competitor price movements.
Lead process improvements and develop communications for all pricing matters (internal and externally).
Work closely with the product and procurement teams ensuring any changes are fed through quickly and effectively to the business.
To regularly liaise with Business Managers to implement UK Pricing Strategy/Model.
Work closely with the business to ensure continuous improvement within data and processes etc.
Drive activities to improve/enhance commercial margin allocating targets for branches and products
Meet and exceed revenue targets for products
Define and implement price testing program to optimise mix of volume/yield, recognising the different characteristics of key customer segments
Ensure pricing approach is co-ordinated with capacity and manpower plans, developed in conjunction with operations teams
Monitor competitor prices regularly, developing testing program to understand impact of different competitive strategies
Develop a program of AB price testing, including working with conversion rate metrics, to ensure prices are optimised for all customer segments
Ongoing implementation of automated pricing tools, in partnership with external consultants
Develop methodologies for assessing market share and competitor occupancy levels and develop analysis and reporting
Work closely with other teams within the business including IT, Finance, Sales & Marketing.
Economist / Analyst / Pricing Manager candidate requirements:
Proven previous experience leading and executing economic analysis and price strategies ideally in a large, complex, multi-channel business.
Commercial acumen and demonstrable experience of delivering results by successfully executing price change/strategies.
A strong analytical and statistical background with the ability to manipulate data to provide insight.
Proven ability to communicate and present technical and complex economic analysis to non-technical audiences, both orally and in writing
Business partnering and stakeholder management skills.
If this sounds like the opportunity you have been looking for then please apply attaching your CV.
Benefits: £50k per year + car + benefits