Product Pricing Analyst / Strategist at the Concept Group

The Concept Group is a holding company for companies established in 1992. Subsidiaries under the Group include: Rosabon Financial Services - Nigeria’s Leading Financial Intermediary and Equipment Leasing Company, Concept Nova - Bespoke Enterprise IT Solutions Company,Percy Aitkins - Bureau De Change.

We are recruiting to fill the position below:

Job Title: Product Pricing Analyst / Strategist

Location: Yaba, Lagos
Employment Type: Full-time

Job Summary

• Pricing analysts are highly analytical and work with complex data from multiple sources to help an organization determine and set competitive prices to increase market share and achieve revenue goals.
• They are responsible for developing pricing models that incorporate margins for promotional and seasonal pricing based on competitor, market, and customer data.
• The role of the Product Pricing Strategist encompasses working with the product team members and all other stakeholders within the organization to ensure that the pricing for all new & existing products across our business lines; Asset creation and Wealth management are optimally set to ensure optimal product performance, exponential growth and business profitability.

Duties and Responsibilities

• Conducting market research to identify pricing trends, customer preferences, and competitor pricing strategies.
• Analyzing data and developing pricing models that optimize revenue and profitability.
• Collaborating with cross-functional teams, including sales, marketing, and finance, to develop pricing strategies that align with business goals.
• Lead pricing-related projects including establishing timelines, defining deliverables and drafting communications or presentations.
• Maintain knowledge and stay abreast of developments in the industry via information obtained from financial publications and services, government agencies, company sources, and personal interviews
• Monitoring sales performance and adjusting pricing strategies as necessary to improve revenue and profitability.
• Developing pricing policies and guidelines that ensure consistency across product lines and geographies.
• Conducting pricing experiments and analyzing the results to identify opportunities for optimization.
• Communicating pricing strategies and recommendations to senior leadership and other stakeholders.
• Responsible for documenting and maintaining pricing processes.
• Responsible for the review and administration of price deviations and exceptions.
• Guarantee the accuracy of pricing data in ERP, targeting to eliminate pricing errors and ensure accurate communication to customers/clients
• Any other tasks as assigned by the line manager

Requirements

• Bachelor's Degree in Finance, Economics, Statistics, Business Administration or other relevant fields
• Minimum of three (3) years’ quality experience in a similar role.
• Proven and successful experience leading high-performing product pricing and promotional strategies for a business, resulting in increased revenue

Job Knowledge:

• Must have a strong understanding of market trends, consumer behavior, and pricing strategies
• Must be knowledgeable on product development methodologies
• Must be knowledgeable on project management
• Must be familiar with data analysis and interpretation
• Must be able to conduct product lifecycle analysis
• Must understand voice of customer (VOC)
• Must have knowledge on strategy creation for product adoption.

Skills/Competencies:

• Ability to work collaboratively with cross-functional teams
• Ability to work independently and effectively in a team environment
• Excellent analytical, decision-making, and problem- solving skills
• Attention to accuracy and detail required
• Critical thinking and problem resolution skills
• Must be technologically savvy
• Excellent organizational, planning, verbal, and written communication skills
• Competence to analyze financial and non-financial data
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
• Ability to effectively exchange information, in verbal or written form, by sharing ideas, reporting facts and other information, responding to questions, and employing active listening techniques
• Proficiency in data analysis tools and techniques, such as Excel, SQL, and statistical software

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the mail.