Wakefern Food Corp. is the largest retailer-owned cooperative in the United States, supporting its members' retail operations. The Pricing Analyst will establish and analyze price reference information, manage day-to-day pricing activities, and provide recommendations for optimal pricing decisions.
Responsibilities
- Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysis
- Executes “what if” scenarios before finalizing and submitting prices for review
- Develops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management team
- Review system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholders
- Tracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities
- Provides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market share
- Provides regular and ad hoc pricing analysis and reporting for procurement staff
- Organizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategies
- Provides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategies
- Researches and resolves pricing issues as reported by stores and/or system-generated reports
- Monitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occur
- Evaluates retail prices across industry channels to maintain competitive market position while maximizing profitability
- Models categories for the price system
Skills
- B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalent
- Strong analytical, quantitative, and qualitative analysis skills required
- Exceptional collaboration, communication, and interpersonal skills
- Exceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracy
- Strong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbers
- Must possess strong technical skills with ability to learn new software systems
- Must have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit Dollars
- Understand the economics behind price elasticity, multiples, and endings
- Must possess a thorough understanding of competitive pricing
- Demonstrated ability to independently develop new Excel models, charts and graphs as necessary
- Ad-hoc analysis on methods to optimize price through market and pricing strategies
- Evaluate all special pricing programs based on category manager input, including temporary price reductions
- Excellent Excel skills, as well as proficiency in Word, Outlook and PowerPoint
- Ability to rapidly learn new software systems and generate and analyze reports
- Must be organized, detail oriented, and able to multi-task
- Strong written and oral communication and negotiation skills
- Ability to effectively gather and manage information from a variety of internal and external sources
- Ability to be flexible and react quickly to change
Benefits
- Medical, dental, and vision coverage
- Life and disability insurance
- A 401(k) retirement plan with company match
- Paid time off
- Holidays
- Parental leave
- Access to wellness and family support programs
- Fitness reimbursement
- Educational and training opportunities through our corporate university
- A collaborative, team-oriented work environment
Company Overview
- Wakefern Food Corp. is employing an innovative approach to wholesale business services. It was founded in 1946, and is headquartered in Keasbey, New Jersey, USA, with a workforce of 10001+ employees. Its website is http://www2.wakefern.com.