Senior Pricing Analyst

2 Months ago • 5 Years + • Financial Analysis • $95,560 PA - $133,750 PA

Job Summary

Job Description

This Senior Pricing Analyst role involves developing and implementing pricing strategies, building financial models to evaluate pricing actions, and leading analyses related to profitability and cash flow. Responsibilities also include designing and developing pricing tools, improving pricing processes, and collaborating with sales and contracts teams. The role requires regular evaluation of pricing strategies and maintaining documentation for internal inquiries. The candidate will lead projects, mentor junior analysts, and ensure alignment with organizational goals. They must have strong analytical skills and a business-oriented approach. The role requires in-depth conceptual and practical knowledge in pricing and applying general business knowledge.
Must have:
  • Develop pricing and packaging strategies
  • Develop and maintain financial models
  • Design and develop pricing analytical and reporting tools
  • Establish and refine pricing governance models
  • Work closely with the Sales team and Contracts team
  • Lead team projects and mentor junior analysts
  • Evaluate current pricing strategies
  • Maintain thorough documentation of pricing structures
  • Stay updated with the latest trends and best practices
  • Provide training and guidance to junior members
  • Master's degree or BA/BS degree with experience
  • 5 Years of Pricing, Finance or Accounting experience
  • Experience in leading and managing data sets and analytical tools
  • Expertise in analytical tools such as Power BI or Tableau
  • Strong leadership skills with the ability to guide and motivate a team
  • Exceptional ability to analyze and interpret data
  • A business-oriented mindset with a disciplined approach
  • Proven track record of implementing successful pricing strategies

Job Details

About the Role:

Requires in-depth conceptual and practical knowledge of theories and principles of pricing and applies general knowledge of business and industry practices. Working independently under minimal guidance, carries out a full range of professional duties and solves moderately complex problems. Exercises judgment based on the analysis of multiple sources of information. Participates in the development of pricing strategies to meet customers' needs while providing a profit for the organization. May determine core business costs of service in support of pricing/tariff development. Evaluates effectiveness of pricing strategies and makes recommendations to pricing structures as needed. Provides reporting and documentation of pricing structures and serves as the point-of-contact for pricing inquiries from internal sales department, but not customers. Exercises judgment based on the analysis of multiple sources of information. Leads team projects or project steps within a broader project or has accountability for ongoing activities or objectives. Uses advanced analytical, technical and problem-solving skills to adapt policies and programs and develop models to support small projects or the team.

Key Responsibilities

  • Pricing Strategy Development: Drive the analytics behind the development of pricing and packaging strategies for new and existing products, ensuring alignment with business goals, partnering with Product Management, Product Marketing, and Segment General Managers.

  • Advanced Financial Modeling: Develop, maintain, and enhance sophisticated financial models to forecast and evaluate the impact of proposed pricing actions on product and portfolio profitability.

  • Complex Analysis & Reporting: Spearhead the design, development, and execution of intricate models, analyses, and reporting related to pricing, profitability, and cash flow projections.

  • Pricing Tool Development: Lead the design and development of advanced pricing analytical and reporting tools, selecting the best platforms such as Power BI or Tableau. This includes defining a robust data structure, identifying and integrating data sources, and outlining data preparation and transformation requirements.

  • Pricing Governance & Process Improvement: Establish, review, and refine pricing governance models and processes to ensure efficiency and effectiveness of pricing and quoting processes. Drive continuous improvements by identifying bottlenecks and implementing solutions.

  • Team Collaboration: Work closely with the Sales team and Contracts team, providing them with updated pricing guidelines and associated directions, ensuring smooth communication and understanding.

  • Team Leadership & Project Management: Lead team projects, guiding and mentoring junior analysts, ensuring that projects align with broader organizational goals. Take accountability for ongoing activities or objectives within the pricing domain.

  • Evaluate Pricing Strategies: Regularly evaluate the effectiveness of current pricing strategies, conducting deep analyses to recommend adjustments to pricing structures as needed, ensuring customer needs are met while maintaining organizational profitability.

  • Documentation & Reporting: Maintain thorough documentation of pricing structures, serving as the go-to expert and point-of-contact for all pricing-related inquiries from internal departments, such as the sales department.

  • Stay Updated & Training: Stay updated with the latest trends and best practices in pricing, ensuring the organization remains competitive. Provide training and guidance to junior members, enhancing their skill set and understanding of pricing dynamics.

Qualifications

  • Master's degree in business, Technology, or related field with a strong focus on data analytics and business. (Alternatively: BA or BS degree with significant experience).

  • 5 Years of Pricing, Finance or Accounting experience

  • Proven experience in leading and managing complex data sets and analytical tools.

  • Expertise in analytical tools such as Microsoft Power BI, Tableau, or equivalent.

  • Strong leadership skills with the ability to guide, mentor, and motivate a team.

  • Exceptional ability to identify, gather, analyze, and interpret data, translating insights into actionable strategies.

  • A business-oriented mindset with a deep curiosity and disciplined approach to problem-solving.

  • Proven track record of developing and implementing successful pricing strategies in a similar industry or field.


• Requires in-depth conceptual and practical knowledge in primary job family and basic knowledge of related job families
• Has knowledge of best practices and is aware of the competition and market differentiators
• Solves complex problems; exercises judgment based on the analysis of multiple sources of information
• Works independently, receives minimal guidance; may lead projects or may have accountability for on-going activities
• Impacts a range of project activities within own team and other related teams, acts as a resource for colleagues
• Explains difficult or sensitive information; works to build consensus
 

Applicants may be required to appear onsite at a Wolters Kluwer office as part of the recruitment process.

Compensation:

Target salary range CA, CT, CO, DC, HI, IL, MD, MN, NY, RI, WA: $95,560 - $133,750

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About The Company

Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.  

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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