Pricing Analyst (eCommerce)

A Pricing Analyst in eCommerce specializes in analyzing and setting prices for products and services sold online. Their role is pivotal in developing pricing strategies that balance competitiveness and profitability. They leverage data to understand market trends, cost factors, and the value perceived by customers. 

The Pricing Analyst is also responsible for employing dynamic pricing models that adapt to real-time market conditions and promotional pricing strategies to drive sales while maintaining healthy profit margins.

Pricing Analysts conduct a thorough competitive analysis to benchmark against similar offerings in the market. Then, they formulate dynamic pricing strategies that respond to fluctuations in demand and supply. 

They also devise promotional pricing strategies to boost sales during crucial shopping periods or for strategic product pushes. By analyzing sales data, customer behavior, and market trends, they recommend pricing structures that maximize profitability without compromising market share. 

They collaborate with marketing, sales, and product management teams to ensure pricing strategies are aligned with overall business goals and market positioning.

Join our team as a Pricing Analyst and become the architect of our eCommerce pricing success!

Your analytical ability will shine as you delve deep into market trends, competitor pricing, and customer behavior to make data-backed pricing recommendations. You will monitor pricing performance, adjust strategies, and maximize revenue. 

If you're prepared to unravel the complexities of eCommerce pricing, contribute to our bottom line, and enjoy the thrill of finding the pricing sweet spot, this role offers a fascinating journey into the world of eCommerce strategy.

• Develop and continuously optimize pricing strategies in eCommerce platforms like Amazon, Walmart, Shopify, eBay, etc.
• Implement pricing architectures and rules tailored to these platforms.
• Manage, interpret, and report on pricing trend analysis, specifically focusing on eCommerce market trends.
• Perform competitive pricing analysis within the digital landscape.
• Collaborate closely with sales, finance, and marketing teams on pricing strategies.
• Perform margin and pricing analysis to support business initiatives in the eCommerce realm.
• Develop pricing models to assist with organizational decision-making.
• Forecast revenue impacts, especially within the eCommerce sector.
• Analyze actual revenue impact post-change implementation.
• Investigate cost elements and fluctuations, particularly relevant to digital operations.
• Make price change recommendations to drive business profitability.
• Providing analytics data to support periodic strategic reviews.
• Recommend pricing experiments to optimize pricing strategies.
• Identify key business development opportunities using relevant pricing strategies.
• Maintain historical pricing data, with a focus on eCommerce pricing history.

• Optimized pricing strategies leading to increased sales in the eCommerce space.
• Revenue growth percentage.
• Accuracy of revenue forecasting.
• Enhanced business profitability via price change recommendations.
• Timely data availability for strategic reviews in eCommerce operations.
• Key business opportunities identified.
• Positive feedback from stakeholders (sales, marketing, finance teams) operating in the ecosystem.
• Reduction in costs identified through cost analysis.
• Accuracy of historical pricing data.
• Successful execution of recommended pricing experiments.

• Bachelor’s Degree in Economics, Finance, or a related field.
• Previous experience in a similar pricing analyst role.
• Proficient in MS Excel and other data analysis tools.
• Strong analytical and problem-solving skills tailored to eCommerce analytics.
• Knowledge of pricing modeling tools is an advantage.
• Strong listening, communication, and presentation skills.
• Capable of managing large datasets, especially within the eCommerce industry.
• Ability to multitask and prioritize effectively.
• Strong attention to detail.
• Experience with financial modeling is a plus, especially within eCommerce financial modeling.