Senior pricing analysts' position primarily involves developing pricing strategies to optimize sales and profit margins for their company. This involves researching their industry and market, analyzing customer habits and behaviors, and determining the optimal operations to maximize profits. Tasks performed by these analysts include tracking a number of business metrics for analysis, price testing, communication with partners and other departments, and determining optimal marketing practices. Senior pricing analysts are required to carefully document and present the findings to executives and other management teams.
Sr. Pricing Analyst Tasks
Track and monitor manufacturing and distribution costs.
Calculate costs, gross returns, and estimates for various production models and timings.
Analyze competitors, material, and other costs and market demand to develop pricing models.