Pricing Analyst

Job title: Pricing Analyst

Job description: Title: Revenue Management Analyst

Duration: 6+ Months

Location: Toronto, ON

DUTIES:

• Develop pricing and quoting tools by product line and sub-products within the product line. Update price quoting tools semi-annually or as necessary.
• Assess the impact of regulatory change under consideration and identifies appropriate action.
• Develop business requirement documents for technology development required to support price actions.
• Develop basic business cases to determine whether a course of action or investment adds value to the business.
• Review information captured in Salesforce.com and reports from field sales personnel on competitive pricing. Capture data in electronic format to track significant changes or trends.
• Interface with company’s product and account managers to exchange market data and pricing trends.
• Evaluate impact of changes to Canadian and US brokerage base service fees and ancillaries.
• Project manage price change initiatives such as annual rate increase, new fee implementations, etc.
• Work with marketing communications team to develop internal FAQs, scripts, etc. and external client notifications for effective roll-out of price changes.
• Recommend system enhancements to monitor and ensure client rates are in line with contractual commitments and anticipated margin.
• Recommend changes, where warranted, for pricing of renewal business, new product offerings, and long-term contracts with major customers.
• Monitor outcome of price tests against projects for volume and profitability at varying price levels.
• Participate as a member of the marketing department’s long-term pricing and profitability improvement team.
• Participate as a member on RFP team to provide pricing input on new business opportunities.
• Perform other duties as assigned by management.

SKILLS:

• Strong analytical and decision-making skills,
• Strong knowledge of SQL, MS Excel, Access and PowerPoint, Power BI
• Able to manage large amounts of data and appropriately apply data reduction and exploratory analysis techniques.
• Able to audit own analysis and determine its validity.
• Understands financial measures such as: profit margin, ROI, operating ratio, NPV, etc.
• Able to develop pricing models.
• Effective communication skills
• Highly proficient in PC based analytical and information management tools.

EDUCATION: Post-secondary degree from an accredited University. Major in Finance preferred.

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