What does a senior pricing analyst do?
A senior pricing analyst is responsible for evaluating the market competition and pricing statistics to determine the best value that meets the public's demands at the same time works with the company's best interests. Senior pricing analysts identify the efficient pricing strategies for marginal profits and revenues, as well as conducting data and statistical analysis for pricing models and create cost and expenses forecasting. A senior pricing analyst must have excellent knowledge of the marketing industry, as well as possessing analytical skills to measure returns and estimates for product distribution.
Senior pricing analyst responsibilities
Here are examples of responsibilities from real senior pricing analyst resumes:
- Achieve greater transparency in reserve reporting and improve communication on loss modeling and reserve calculation methodologies by streamlining documentation procedures.
- Create, maintain and enhance SQL script and store procedures.
- Engineer web crawlers with Perl and SQL to track global competitor pricing, leading to new sales strategies.
- Review and interpret request for proposal (RFP) requirements, create work breakdown structures (WBS).
- Perform statistical interpretation of data using SPSS to identify key drivers of customer satisfaction, employee performance, and business success.
- Research technical accounting issues and derivative investment valuation methodologies.
- Develop pricing strategies and prepare pricing proposals in accordance with RFP requirements.
- Work with pharmacy staff to develop discharge medication application for nursing and pharmacy staff to provide patients with clearer medication instructions.
- Supervise WC s Medicaid team.
- Integrate CRM features into custom sales database to provide more robust and user friendly features to system.
- Turn out to be the new software licensing growth area, which eventually are predicted to top CRM in sales revenue.
- Analyze, dispute & reconcile all Medicaid rebate invoices, including request & review of claim level detail.
- Analyze inventory performance to determine appropriate metrics that support POS and markdown strategies to increase sales.
- Recommend weekly hard mark and POS candidates in compliance with gross markdown budgets and negotiating vendor support.
- Power user of IRI and RSi to build effective consumption base analysis.
Senior pricing analyst skills and personality traits
We calculated that 9% of Senior Pricing Analysts are proficient in Pricing Strategy, Data Analysis, and SR. They’re also known for soft skills such as Creativity, Organizational skills, and Detail oriented.
We break down the percentage of Senior Pricing Analysts that have these skills listed on their resume here:
- Pricing Strategy, 9%
Developed recommendations for updating pricing strategy through collecting studies, competitor information, and analyzing previous pricing strategies.
- Data Analysis, 8%
Utilized available data analysis from supplier published catalogs prices and cost catalogs for competitive analysis for marketing strategies and campaigns.
- SR, 7%
Track Oil Index pricing (both current and Future) and report to company Sr. Management weekly.
- Margin, 6%
Analyzed business performance and competitive pricing intelligence to understand market trends, historical business trends, margin results and price erosion.
- SQL, 6%
Create and enhance current departmental Access databases using Visual Basic for Applications and SQL to automate departmental processes.
- Power Bi, 5%
Served as the Subject Matter Expert for Power BI Dashboards with Portal integration and Data Model design.
Common skills that a senior pricing analyst uses to do their job include "pricing strategy," "data analysis," and "sr." You can find details on the most important senior pricing analyst responsibilities below.
Detail oriented. This is an important skill for senior pricing analysts to perform their duties. For an example of how senior pricing analyst responsibilities depend on this skill, consider that "market research analysts must pay attention to minutiae to evaluate data." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a senior pricing analyst: "maintained access database with detail financial data and relationship manger commentary. ".
Analytical skills. For certain senior pricing analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of a senior pricing analyst rely on this skill, as "market research analysts must evaluate large amounts of data and information related to market conditions." For example, this snippet was taken directly from a resume about how this skill applies to what senior pricing analysts do: "researched analyzes historical data, develops cost models to support proposal efforts. "
Communication skills. Another crucial skill for a senior pricing analyst to carry out their responsibilities is "communication skills." A big part of what senior pricing analysts relies on this skill, since "market research analysts must be able to clearly convey information when gathering material, interpreting data, and presenting results to clients." How this skill relates to senior pricing analyst duties can be seen in an example from a senior pricing analyst resume snippet: "achieved greater transparency in reserve reporting and improved communication on loss modeling and reserve calculation methodologies by streamlining documentation procedures. "
The three companies that hire the most senior pricing analysts are:
- Guidehouse51 senior pricing analysts jobs
- BJ's Wholesale Club45 senior pricing analysts jobs
- Honeywell34 senior pricing analysts jobs
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Senior pricing analyst vs. Marketing internship
Marketing interns are usually marketing students or fresh graduates who are interested in getting actual work experiences before taking on a full-time job. They usually have an interest or academic background related to marketing. They assist marketing teams in most of their daily activities, sit in their meetings, record minutes of these meetings, take note of action plans, and attend other events related to marketing. They also assist in preparing collateral and other marketing materials, join brainstorming sessions, or any other activity that will help enrich their experience.
These skill sets are where the common ground ends though. The responsibilities of a senior pricing analyst are more likely to require skills like "pricing strategy," "sr," "margin," and "sql." On the other hand, a job as a marketing internship requires skills like "digital marketing," "powerpoint," "facebook," and "marketing campaigns." As you can see, what employees do in each career varies considerably.
Marketing interns tend to make the most money working in the technology industry, where they earn an average salary of $33,333. In contrast, senior pricing analysts make the biggest average salary, $77,397, in the manufacturing industry.The education levels that marketing interns earn slightly differ from senior pricing analysts. In particular, marketing interns are 11.0% less likely to graduate with a Master's Degree than a senior pricing analyst. Additionally, they're 0.2% less likely to earn a Doctoral Degree.Senior pricing analyst vs. Marketing coordinator
A marketing coordinator supports the marketing department on deciding strategies and business efforts to develop the brand image and boost customer satisfaction. Marketing coordinators' duties include assisting in advertising campaigns, scheduling promotional events, monitoring sales status, researching current market trends, maintaining a record of existing and potential clients, and contributing ideas to improve the brand's profitability. A marketing coordinator must have excellent critical thinking and writing skills to help with the creation of social media advertisements and marketing content. It also requires impressive time-management and multi-tasking skills, especially on meeting deadlines and making adjustments on the initial plans as needed.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that senior pricing analyst responsibilities requires skills like "pricing strategy," "data analysis," "sr," and "margin." But a marketing coordinator might use other skills in their typical duties, such as, "digital marketing," "customer service," "marketing campaigns," and "powerpoint."
Marketing coordinators may earn a lower salary than senior pricing analysts, but marketing coordinators earn the most pay in the technology industry with an average salary of $53,831. On the other hand, senior pricing analysts receive higher pay in the manufacturing industry, where they earn an average salary of $77,397.Average education levels between the two professions vary. Marketing coordinators tend to reach lower levels of education than senior pricing analysts. In fact, they're 10.0% less likely to graduate with a Master's Degree and 0.2% less likely to earn a Doctoral Degree.Senior pricing analyst vs. Analyst sales
Analyst sales, or a sales analyst, is an individual who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses. They develop and provide market intelligence data solutions for the sales team to maximize territory sales efforts. Sales analysts must also maintain a business relationship with key account top management to deliver outstanding customer service and assistance.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a senior pricing analyst is likely to be skilled in "sr," "margin," "power bi," and "sas," while a typical analyst sales is skilled in "salesforce," "customer service," "crm," and "sales data."
Analyst sales earn the highest salary when working in the finance industry, where they receive an average salary of $80,458. Comparatively, senior pricing analysts have the highest earning potential in the manufacturing industry, with an average salary of $77,397.When it comes to education, analyst sales tend to earn lower degree levels compared to senior pricing analysts. In fact, they're 6.2% less likely to earn a Master's Degree, and 0.1% less likely to graduate with a Doctoral Degree.Senior pricing analyst vs. Analyst
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Types of senior pricing analyst
Updated January 8, 2025











