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Position: Pricing Analyst
Type of hiring: Permanent
Working hours: 5 Days/Week
Location: Bangkok
Starting date: ASAP
A Pricing Analyst in either the Oil and Gas or Retail industry is responsible for analyzing pricing strategies, market trends, and economic factors to determine optimal pricing for products or services. The specific responsibilities may vary depending on the industry and company but generally include:
1. Market Analysis:
- Analyzing market trends, competitive landscape, and consumer behavior to understand pricing dynamics.
- Monitoring supply and demand factors that impact pricing decisions.
2. Pricing Strategy:
- Developing and implementing pricing strategies that maximize revenue and profit margins.
- Recommending pricing adjustments based on market conditions and business goals.
- Conducting pricing simulations and sensitivity analyses to assess potential outcomes of different pricing scenarios.
3. Data Analysis:
- Gathering and analyzing data related to sales, costs, and pricing history to identify patterns and trends.
- Utilizing statistical tools and software to perform data analysis and create pricing models.
4. Cost Analysis:
- Evaluating production costs, raw material costs, and operational expenses to ensure pricing aligns with profitability targets.
- Calculating break-even points and contribution margins for different products or services.
5. Competitive Analysis:
- Comparing prices and offerings of competitors to identify market positioning and opportunities for differentiation.
- Monitoring competitors' pricing strategies and reacting accordingly.
6. Price Optimization:
- Identifying opportunities for price adjustments based on changing market conditions and business objectives.
- Recommending dynamic pricing strategies that consider factors like demand fluctuations and inventory levels.
7. Collaboration:
- Collaborating with cross-functional teams such as marketing, sales, finance, and operations to align pricing strategies with overall business objectives.
- Providing insights and recommendations to senior management and stakeholders.
8. Reporting:
- Generating regular and ad hoc reports on pricing performance, key metrics, and market trends.
- Presenting findings and recommendations to relevant teams and management.
9. Regulatory Compliance:
- Ensuring pricing strategies and practices comply with industry regulations and guidelines.
10. Forecasting:
- Utilizing forecasting techniques to predict future market trends and customer behavior that can impact pricing decisions.
11. Continuous Improvement:
- Monitoring the effectiveness of pricing strategies and making adjustments as needed to optimize results.
- Staying updated on industry trends, best practices, and emerging technologies in pricing analytics.
12. Software and Tools:
- Proficiency in using pricing software, data analysis tools, and business intelligence platforms.
The Pricing Analyst plays a crucial role in shaping the company's revenue and profitability by making informed pricing decisions based on a thorough analysis of market dynamics and internal factors.
Qualifications:
- Bachelor/Master's degree in a related field.
- Experience in analyzing pricing strategies, market trends, and economic factors to determine optimal pricing for products or services.
- Experience as a Pricing Analyst in either the Oil and Gas or Retail industry.
- Alignment with the business strategic direction and intent in order to maximize the revenue, volume, NOI, margin, and profits.
- Strong market knowledge (Fuels pricing strategies and mechanisms), and understanding of the industry.
- Knowledge of Business Planning and strong pricing strategic planning and initiatives.
- Have good relationships with internal and external stakeholders.
- Strong collaboration with internal stakeholders and knowledge of legal, compliance, and prevailing and future regulations.
- Fluent command of English.
