Meijer Pricing Analyst in Grand Rapids, Michigan
Currently, Meijer is looking for a Pricing Analyst. This position is responsible for developing and maintaining pricing analytical direction for a group of categories using statistical software and analysis. Recommends and applies various appropriate statistical models to business challenges using pricing, competitor and customer data. Also includes creating insightful data that enables achieving financial goals through the incorporation of historical data, consumer, marketing, and competitor that impact category sales, margin, and rate performance. This role is directly responsible for using fact-based analytics to develop insights in order to strengthen recommendations around lifecycle pricing strategy.
Collaborate with pricing and merchandising leadership to conceptualize business issues, develop data and translate into appropriate lifecycle pricing strategies
Manages, analyzes, and recommends price changes against a group of categories in the system
Communicate pricing trends and supporting analytics to pricing, merchandising, planning, and marketing
Determine areas of business where innovative analytical solutions may be used to drive business growth, create analysis and develop recommendations
Utilize advanced pricing response models for strategic merchandising initiatives
Educate and influence business partners to improve understanding/reliance on advanced analytics in making pricing decisions
Develop pricing strategy presentations and communicate them to merchandising leadership
Create relevant category analytical tools that encompass pricing data, consumer trends, customer segmentation, loyalty, and competitor insights
Evaluate effectiveness of lifecycle pricing strategies, identify gaps and opportunities, and recommend refinements to strategy
Apply fact based analytics and reporting that are necessary to strengthen lifecycle pricing recommendations that drive bottom line results
Create visibility and system enhancements that will govern lifecycle pricing recommendations and enhance financial, channel, competitive and customer pricing strategies
Evaluate and recommend supporting pricing analytics and scorecards necessary to drive business growth and pricing effectiveness
Apply data-driven analytics to strengthen and define the following: price zones, competitive index, competitive levels, standardized price rule guidelines, etc.
This job profile is not meant to be all inclusive of the responsibilities of this position; may perform other duties as assigned or required.
Bachelor's Degree in Statistics, Economics, Mathematics or commensurate retail experience required.
2 years experience in retail, analysis, and/or pricing preferred
Proficient in a wide range of analytical, quantitative, and statistical techniques and tools to derive insights from large, complex data environments
Exceptional ability to extract strategic insights from large data sets
Excellent communication skills: listening, verbal and written
Strong organizational, planning, and time management skills
Strong work ethic complemented with a positive, can-do attitude
Office computer skills required: preference for Microsoft application experience
Advanced regression modeling and Advanced Excel skills required
Experience with statistical analysis software packages (e.g., SAS, SPSS, Stata) required
Ability to learn company systems and tools