Retail Pricing Analyst

Meijer, Inc. Grand Rapids , MI 49504

Posted 1 month ago

Currently, Meijer is looking for a Pricing Analyst I. The Analyst-I position is an experienced position on the Pricing Execution team. This role is responsible for applying corporate price strategies and analytics for a specific group of categories in order to optimize Meijer's price position, sales, and margin. This role is responsible for using various data sources and analytic techniques to assess the effectiveness of current price strategies, ideate and model alternatives, and present recommendations to merchant leaders to influence change and drive business results (sales, margin, and profit).

Key Deliverables:

  • Responsible for ensuring that pricing strategies are executed consistently and in alignment with product and promotional strategies as well as Federal, State and Local regulations for a group of assigned categories

  • Apply statistical models and/or various analytical techniques to evaluate the effectiveness of current pricing strategies looking at competitors' pricing strageies, market/customer trends, and company performance

  • Utilize advanced pricing response models for strategic merchandising initiatives

  • Partner with merchandising leaders to develop and refine pricing strategies that support individual category targets; model proposed changes to forecast the impact on sales, margin, and customer metrics

  • Effectively communicate pricing and promotional trends and supporting analytics to pricing, merchandising, and marketing leadership

  • Evaluate and recommend supporting pricing analytics and scorecards necessary to drive business growth and pricing effectiveness

  • Serve as subject matter expert advising the development of new pricing system and process enhancements

  • Implement pricing system enhancements and processes that will govern lifecycle pricing management and enhance financial, promotional, channel, competitive, and customer visibility

  • Apply category analytical tools that encompass pricing data, consumer trends, customer segmentation, loyalty, and competitor insights

  • Apply fact based analytics and reporting that are necessary to strengthen pricing recommendations that drive bottom line results

  • Educate and influence business partners to improve understanding and reliance on advanced analytics in making pricing decisions

  • Develop pricing strategy presentations and communicate them to merchandising leadership

This job profile is not meant to be all inclusive of the responsibilities of this position; may perform other duties as assigned or required.

Qualifications:

  • Bachelor's Degree in Statistics, Economics, Mathematics, Business Administration or commensurate retail experience required

  • 2 years of business experience in an analytics field or related professional environment. Retail or consumer facing industry 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 preferred

  • Experience with statistical analysis software packages (e.g., SAS, SPSS, Stata) preferred

  • Ability to learn company systems and tools

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Retail Pricing Analyst

Meijer, Inc.