Pricing Analyst (Edison)

SummaryAs a member of the strategic pricing team, the pricing analyst responsibilities are to establish, maintain and analyze price reference information, and to make recommendations that will facilitate optimal pricing decisions to be made by Pricing & Category Management teams. The pricing analyst will manage the day-to-day pricing activities across multiple categories; analyze and execute strategies that support the business goals.Essential Functions The core functions of this position include, but are not limited to, the following:Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysisExecutes what if scenarios before finalizing and submitting prices for reviewDevelops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management teamReview system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholdersTracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunitiesProvides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market shareProvides regular and ad hoc pricing analysis and reporting for procurement staffOrganizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategiesProvides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategiesResearches and resolves pricing issues as reported by stores and/or system-generated reportsMonitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occurEvaluates retail prices across industry channels to maintain competitive market position while maximizing profitabilityModels categories for the price systemKnowledge and Skill Requirements:B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalentStrong analytical, quantitative, and qualitative analysis skills requiredExceptional collaboration, communication, and interpersonal skillsExceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracyStrong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbersMust possess strong technical skills with ability to learn new software systemsMust have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit DollarsUnderstand the economics behind price elasticity, multiples, and endingsMust possess a thorough understanding of competitive pricingDemonstrated ability to independently develop new Excel models, charts and graphs as necessaryAd-hoc analysis on methods to optimize price through market and pricing strategiesEvaluate all special pricing programs based on category manager input, including temporary price reductionsExcellent Excel skills, as well as proficiency in Word, Outlook and PowerPointAbility to rapidly learn new software systems and generate and analyze reportsMust be organized, detail oriented, and able to multi-taskStrong written and oral communication and negotiation skillsAbility to effectively gather and manage information from a variety of internal and external sourcesAbility to be flexible and react quickly to changePhysical Demands and Work Environment:Ability to work effectively in an office environmentAbility to work a four day in office hybrid schedule as established by the organization

Created: 2025-09-24