Pricing Analyst

Wakefern Food Corp. is the largest retailer-owned cooperative in the United States, supporting its members' retail operations. The Pricing Analyst will establish and analyze price reference information, manage day-to-day pricing activities, and provide recommendations for optimal pricing decisions.

Responsibilities

• Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysis
• Executes “what if” scenarios before finalizing and submitting prices for review
• Develops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management team
• Review system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholders
• Tracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities
• Provides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market share
• Provides regular and ad hoc pricing analysis and reporting for procurement staff
• Organizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategies
• Provides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategies
• Researches and resolves pricing issues as reported by stores and/or system-generated reports
• Monitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occur
• Evaluates retail prices across industry channels to maintain competitive market position while maximizing profitability
• Models categories for the price system

Skills

• B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalent
• Strong analytical, quantitative, and qualitative analysis skills required
• Exceptional collaboration, communication, and interpersonal skills
• Exceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracy
• Strong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbers
• Must possess strong technical skills with ability to learn new software systems
• Must have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit Dollars
• Understand the economics behind price elasticity, multiples, and endings
• Must possess a thorough understanding of competitive pricing
• Demonstrated ability to independently develop new Excel models, charts and graphs as necessary
• Ad-hoc analysis on methods to optimize price through market and pricing strategies
• Evaluate all special pricing programs based on category manager input, including temporary price reductions
• Excellent Excel skills, as well as proficiency in Word, Outlook and PowerPoint
• Ability to rapidly learn new software systems and generate and analyze reports
• Must be organized, detail oriented, and able to multi-task
• Strong written and oral communication and negotiation skills
• Ability to effectively gather and manage information from a variety of internal and external sources
• Ability to be flexible and react quickly to change

Benefits

• Medical, dental, and vision coverage
• Life and disability insurance
• A 401(k) retirement plan with company match
• Paid time off
• Holidays
• Parental leave
• Access to wellness and family support programs
• Fitness reimbursement
• Educational and training opportunities through our corporate university
• A collaborative, team-oriented work environment

Company Overview