Strategic Pricing Analyst Job Description
Strategic Pricing Analyst Duties & Responsibilities
To write an effective strategic pricing analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included strategic pricing analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Strategic Pricing Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Strategic Pricing Analyst
List any licenses or certifications required by the position: CMA, CPA
Education for Strategic Pricing Analyst
Typically a job would require a certain level of education.
Employers hiring for the strategic pricing analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Economics, Finance, Statistics, Mathematics, Education, Marketing, Accounting, Engineering, Science
Skills for Strategic Pricing Analyst
Desired skills for strategic pricing analyst include:
Desired experience for strategic pricing analyst includes:
Strategic Pricing Analyst Examples
Strategic Pricing Analyst Job Description
- Leading and developing strategic vision for the project team utilizing portfolio management and business/technical acumen
- Leading periodic project reviews utilizing the project delivery process
- Identifying, recommending and implementing project management best practices
- Providing mentorship, coaching and development for team members and functional leads as appropriate
- Perform complex quantitative or qualitative analyses to assist in the identification of client issues and the development of client-specific solutions
- Organizes and conducts high quality primary and secondary research and synthesizes findings for review by colleagues
- Assist with the design and development of presentations that are appropriate to the characteristics or needs of the client audience
- Proactively develops a basic knowledge of consulting methodologies and the pharmaceutical market through the delivery of consulting engagements and participation in formal and informal learning opportunities
- Engagement based responsibilities are assigned and closely managed by consultants, engagement managers or principals
- Support the timely completion of periodic pricing reporting need including insightful and actionable commentary
- Experience in leveraging IMS databases (Xponent, NPA, MIDAS etc)
- Proficient in SAS (Base), ThinkCell, Model N
- A minimum of 8 years’ experience in a commercial business environment, preferably in connection with of the following 3 practice areas – Strategic Pricing, S&OP Optimization (Integrated Business Planning) or Plant Productivity
- Exec SKU Report (Syndicated IRI data)
- Consumer Price Report (Survey based)
- IRI Decomposition
Strategic Pricing Analyst Job Description
- Document and maintain price-related guidance, standards, and policies as reference bank for Revenue, Brand, and Sales Management
- Use IRI’s Price & Trade Advantage (PTA) to develop a suite of fact based analyses that will become a book of portfolio-wide opportunities to leverage with retailers
- Develop high quality Power Point presentations that clearly communicate the outcome and recommendations of PTA analyses
- Work with supervisor to communicate insights into actionable recommendations to Channel leadership
- Prepare post analysis of retail trials and communicate conclusions
- Collaborate with the Channel, Sales, Channel and Executive Leadership on ad hoc requests
- Participate and engage in any trainings, development opportunities, and activities related to the Revenue Management function
- Responsible for complex reporting processes on key functional KPI's
- Performs advanced trend analysis - incorporates data from different areas and synthesizes
- Supports process improvements within functional area
- Bachelor’s degree in Economics, Statistics, Accounting, Finance or related field
- 1-3 years of experience in relevant position(s)
- Excellent demonstrated computer skills -- MS Office (including advanced Excel and PowerPoint
- Ability to work with syndicated data (IRI, MarketTrack, NABCA)
- Ability to travel commercially to domestic and international locations
- Excellent demonstrated computer skills -- MS Office (including advanced Excel including PowerPivot and PowerPoint
Strategic Pricing Analyst Job Description
- Retrieve and review Managed Care plans newsletters/bulletins/provider news
- Provide ad-hoc support to immunology, oncology, HCV and specialty pricing projects to support brand pricing strategies
- Perform ad-hoc pricing research to support business development asset valuation
- Manage project proposal system with vendors (Insight Farm) and research material approval system (Zinc)
- Support product management with detailed and actionable pricing statistics, analytics, and quality checks to identify critical areas for improvement and optimize profitability, including conformance to PMM guidelines and generation, tracking, and follow-up of Process KPIs for PMM
- Prepare monthly profit/loss position, gathering/assembly of marketing, sales, and manufacturing data and forecasting the monthly and annual profit/loss position for Plastic Additives
- Perform reviews and follow-ups of product management and sales requests for financial data, review of profit and loss information in SAP, to investigate and coordinate the correction of major deviations from normal
- Develop and maintain pricing model to aid in proper asset utilization, highlighting where pricing can be optimized to improve profitability
- Conduct competitive pricing analysis
- Consolidate monthly forecasting, reporting, and annual planning for the transfer business
- GDS Industry expert knowledge
- IT / IT Outsourcing industry knowledge
- Financial / project valuation knowledge
- Ability to thrive in and on complex unstructured international environments
- Ability to interact with senior executives & customers
- Participate in the implementation and support of global pricing initiatives
Strategic Pricing Analyst Job Description
- Serve as point-of-contact for product management for Cobus & BOM Explorer
- Analyze and improve consolidated margin master data quality (broken chains) to ensure business unit reporting is accurate
- Assist in financial planning and budgeting process, monthly financial performance management, forecast, and business analysis for Americas Plastic Additives
- Complete ad hoc projects and analysis as required to support the needs of the business
- Provide analysis and insights related to sales channel performance, customer and market trends, and other internal and external factors that may impact Key Account performance
- Analysis and communication of key business drivers to enable Healthcare Solutions Team to effectively manage their customers
- Provide Analysis and Support for Key Account Business Reviews
- Enhance current pricing structure and operations to optimize pricing outcomes
- Proactively unwind historic pricing discounts through consultation and alignment with sales managers
- Retrieve, consolidate, analyze and summarize data from very large data sets using SQL
- MBA or post-graduate studies considered as a plus
- Partner with Marketing and Finance to ensure alignment on a common assessment of pricing measurement and reporting
- Collaborate with IT Business Intelligence team towards staying current on all available reporting capabilities and defining needs and driving the business case towards the continual evolution of pricing performance measurement and the tools/models to support
- Ability to comprehend and translate business questions into insightful analytics and visualization
- Foster a spirit of continuous improvement, focused on enhancing and automating reporting to optimize efficiency and accuracy
- Work with a service-oriented mentality to ensure that all reporting packages, dashboards and analysis are correct and delivered on time
Strategic Pricing Analyst Job Description
- Monitor price-volume tradeoffs of deals and provide reporting to management
- Assists team in determining optimized customer pricing
- Perform analysis and prepare executive-level reports of findings
- Perform ad hoc data analysis for business units, customer, products and vendors
- Promote adoption of best practices in price management that are in alignment with
- Provide pricing support and reporting for Strategic Account Market Segments
- Work with Business Services Director, Franchise heads and Regional Managers to develop and implement cross-franchise pricing models
- Continuous improvement of Tender Management tools for single and multi-franchise offerings
- Provide Analysis and Support for review of account specific pricing and for business review meeting
- Work with other members of the tenders and contracts team and finance in order providing profitability analysis on all contract amendments and extension
- Knowledge of Pharmaceutical Industry formulary concepts and processes
- Knowledge of US Pharmaceutical Manufacturer Rebate and Formulary Processes
- Support underlying master data as necessary to facilitate analysis
- Bachelor’s Degree required, relevant work experience
- Computer skills including the use of word-processing and spreadsheet software mastery of user-level tasks in the KhiMetrics Retail Revenue Management application
- Bachelor’s Degree in Statistics, Economics, Mathematics or commensurate retail experience required