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Pricing analyst job description

Updated March 14, 2024
8 min read

A pricing analyst is responsible for helping companies determine what the best competitive price is for their products and services. Their duties include researching market trends, analyzing competitors' prices, and forecasting market predictions.

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Example pricing analyst requirements on a job description

Pricing analyst requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in pricing analyst job postings.
Sample pricing analyst requirements
  • Bachelor's degree in business, finance, economics, or related field
  • Strong proficiency in Excel and other data analysis tools
  • Experience in pricing analysis, market research, or related field
  • Knowledge of pricing strategies and tactics
  • Ability to analyze large data sets and draw meaningful conclusions
Sample required pricing analyst soft skills
  • Excellent communication and interpersonal skills
  • Strong attention to detail and organization skills
  • Ability to work independently and as part of a team
  • Creative problem-solving skills
  • Ability to handle multiple projects and deadlines simultaneously

Pricing analyst job description example 1

BAE Systems pricing analyst job description

Because this role involves a combination of independent and collaborative work, this
position can be conducted 100% remotely.

As part of the Operations Proposal Group this role is within the Material Pricing Group. Utilizing the MCMS system, the Material Pricing Group creates the material content of proposals.Job functions and duties will include the following:

1. Prepare, analyze and evaluate proposal material pricing from suppliers to determine the best cost basis for all buy items.
2. Participate in the development and preparation of cost/price proposals in response to RFP requirements in compliance with all Government policies, regulations and internal documented procedures
3. Engage teams, embrace cross-functional alignment of Supplier Partnerships strategies, and drive innovations to produce successful "Winning Proposals"
4.Participate in Continuous Improvement efforts as required

Required Education, Experience, & Skills
  • Knowledge in Procurement strategies
  • Strong capability in Microsoft Office tools
  • Exhibit interpersonal skills involving interfacing, coordinating and negotiating with company personnel and suppliers.
  • Ability to prioritize and self-manage a multi-tasked workload in a fast-paced environment

Preferred Education, Experience, & Skills
  • ORACLE experience

About BAE Systems Electronic Systems
BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, an international defense, aerospace and security company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. Improving the future and protecting lives is an ambitious mission, but it's what we do at BAE Systems. Working here means using your passion and ingenuity where it counts - defending national security with breakthrough technology, superior products, and intelligence solutions. As you develop the latest technology and defend national security, you will continually hone your skills on a team-making a big impact on a global scale. At BAE Systems, you'll find a rewarding career that truly makes a difference. Electronic Systems (ES) is the global innovator behind BAE Systems' game-changing defense and commercial electronics. Exploiting every electron, we push the limits of what is possible, giving our customers the edge and our employees opportunities to change the world. Our products and capabilities can be found everywhere - from the depths of the ocean to the far reaches of space. At our core are more than 14,000 highly talented Electronic Systems employees with the brightest minds in the industry, we make an impact - for our customers and the communities we serve. At BAE Systems, we celebrate the array of skills, experiences, and perspectives our employees bring to the table. For us, differences are a source of strength. We're laser-focused on high performance, and we work hard every day to nurture an inclusive culture where all employees can innovate and thrive. Here, you will not only build your career, but you will also enjoy work-life balance, uncover new experiences, and collaborate with passionate colleagues.
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Pricing analyst job description example 2

Grainger pricing analyst job description

Zoro offers millions and millions of products - an endless aisle with everything you need to run your business. We offer fast and free shipping, no-hassle returns, and exceptional customer service. We've grown quickly in a short time and are continuing to do so while aggressively growing our revenue. We are excited to be a part of an award-winning culture - we have been named a Great Place to Work for multiple years in a row, among other local and national accolades. We think Zoro is a pretty amazing place to work and grow, and think you will too!
Primary Function:


Pricing Analysts are encouraged to experiment with new tactics and make modifications to pricing tools and processes. This is accomplished by applying a unique blend of skills including data mining, analytical programming, process design, and creative problem solving. Top candidates demonstrate past experience creating new tools and models that can be used across the organization.

Pricing Analysts are expected to work collaboratively across Zoro departments including Analytics, Finance, Marketing, and many others. As a core functionality of Zoro's business, pricing helps drive the success of multiple projects and initiatives. A successful candidate will demonstrate an ability to understand Zoro's unique business objectives and anticipate how pricing can be used to achieve Zoro's mission.


Duties and Responsibilities:
Develop & Maintain complex models used to predict the impact of pricing actions Perform financial analysis of anticipated pricing actions for various scenarios Work on cross-functional teams to understand changes in Zoro's competitive market Use strong communication skills to present findings and build support for pricing initiatives
Qualifications:
A Bachelor's degree is required 1-2 years' experience in Pricing, Analytics or equivalent experience Proficiency with SQL required R and/or Python is preferred Proven history of applying problem solving skills when working with limited data & resources
Zoro Values and Inclusive Culture:
We share a commitment to our Zoro values - Win & Lose Together (We prefer winning!), Take Ownership, We Are Transparent, and Aspire to be Customer-Obsessed. Everything we do at Zoro is centered around delighting our customers. It's a natural extension of our company culture and how we care for each other. We believe when we act in ways that are consistent with these values, we can solve any technical challenge that lies ahead of us. As a Zoro employee, you can expect to work with smart, energetic people, learn something every day, and be valued for your perspective.

Zoro is dedicated to fostering an environment where people of all backgrounds and beliefs are represented, and all team members can be confident that their experiences and perspectives are valued. Zoro aims to empower all employees to learn about, raise awareness, and promote diversity and inclusion through all of our workplace interactions.

Zoro is an Equal Opportunity Workplace and an Affirmative Action Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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Pricing analyst job description example 3

Park Ave Motor Corp pricing analyst job description

BMW Financial Services NA, LLC is one of the 26 worldwide subsidiaries of the Financial Services Division of BMW AG. Our momentum is moving at such a rapid pace that we continually exceed average international growth rates, and we constantly create new opportunities for our employees worldwide. Be a part of our exciting growth by expressing an interest in our Retail Finance Program and Pricing Analyst position located at our Woodcliff Lake, NJ office.

As the Retail Finance Program and Pricing Analyst, you will continuously monitor and communicate the competitive environment in the US market to determine ways to enhance existing products, develop new products, and ensure competitive positioning for all four BMW Group brands. You will monitor BMW & MINI lease and loan offerings and maintain pricing models. You will also manage Sales Operations data and perform analysis while developing recommendations and proposals. In addition, you will administer the company's New Business Steering Committee. You will also design and administer our dealer incentive programs while collaborating with stakeholders.

In this role, you will establish monthly non-subvened lease and loan rates through consultation with the Program Development Managers, Regional General Managers as well as Credit Risk, Sales Operations Managers and Controlling to ensure optimization of profitability and volume. You will develop dealer communication of monthly pricing and coordinate system implementation of rates to ensure timely delivery of our programs.

Y ou will calculate and communicate internal bill rates. You'll use your analysis to provide a benchmark for the regional non-subvened pricing strategy. As the Analyst, you will perform evaluations of competitive lenders ensuring BMW Group is remaining relevant in the financing marketplace and provide recommendations for policies and programs.
Join the BMW Financial Services team and enjoy a high-performance benefits package which includes:

•Company paid medical, dental and vision insurance

•Employee car program

•401(k) savings plan

•Retirement Income Account (RIA)

Even more so than the generous compensation and benefits, the culture and values of BMW Financial Services make it the ultimate working environment. These values include Responsibility, Appreciation, Transparency, Trust, and Openness. These values to guide the way we conduct ourselves and our business.

What are you waiting for? Put yourself in the driver's seat of your career and apply for our Retail Finance Program and Pricing Analyst position today! Required:

Bachelor's degree or equivalent experience and/or certifications.
5-7 years automotive industry or Financial Services experience

3-5 years combined Sales Operations, Credit, Funding, Finance, Risk or Analytics experience
2-3 years data analytics experience

Preferred:
1-2 years Sales Operations, Credit, Funding or Retail Communication Center experience
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Updated March 14, 2024

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.