Product Pricing Strategist

at the Concept Group
Location Lagos, Nigeria
Date Posted April 29, 2022
Category Management
Job Type Full-time
Currency NGN

Description

Responsibilities

  • Assessing data from a variety of sources to uncover insights into pricing strategies and market trends.
  • Setting effective pricing for products to drive product adoption and profitability.
  • Analyzing and translating pricing data into actionable profit-enhancing strategies for products and the business at large.
  • Applying statistical modeling methods to determine the potential impact of pricing strategies on profitability
  • Monitoring business liquidity to ensure pricing strategies delivers optimal liquidity for the business
  • Developing dynamic pricing tools to effectively respond to changing market needs and trends.
  • Create and provide visibility around existing pricing strategies, including identifying key performance indicators and dashboard views to convey to senior leadership.
  • Utilize profit and loss information to facilitate informed decision-making around what leads, channels, and segments of our business to help drive via pricing strategy.
  • Preparing and presenting pricing analysis findings to the product team and organization leadership
  • Address issues and concerns raised by team members relating to product pricing.

Requirements

  • B.Sc in Economics, Business Management, or other Management Science courses.
  • Candidates should possess a Bachelor's Degree with at least 5 years of work experience
  • Professional qualifications like ACCA, ICAN, CFA would be an added advantage

Skills / Competencies:

  • In-depth knowledge of statistical methods and data analysis of financial and non-financial data.
  • Extensive experience in analyzing pricing strategies and forecasting revenue and market share.
  • Experience in collaborating on pricing strategies with sales and marketing departments.
  • Ability to keep abreast of industry trends and develop dynamic pricing tools.
  • Advanced ability to present pricing analysis reports to relevant stakeholders.
  • Excellent analytical, decision-making, and problem-solving skills.
  • Attention to accuracy and detail required.
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