Pricing Strategy and Market Analysis:
- Develop and implement effective pricing strategies to maximize profitability and market share.
- Conduct market research to analyze competitor pricing, customer behavior, and industry trends.
- Design and optimize dynamic pricing models based on cost structures, demand forecasts, and financial objectives.
Financial Analysis and Cost Management:
- Evaluate production costs, fluctuations in raw material pricing, and operating expenses to accurately determine product pricing.
- Collaborate with supply chain and procurement teams to analyze cost structures and identify opportunities for cost reduction.
- Conduct profit margin analyses and assess the profitability of new and existing products.
Data Management and Reporting:
- Maintain pricing databases and monitor pricing performance across various product lines.
- Prepare financial reports and dashboards that provide insights into pricing efficiency and revenue trends. - Perform predictive analytics and scenario studies to support strategic decision-making.
Collaboration and Communication with Stakeholders:
- Work closely with sales and marketing teams to ensure that pricing strategies align with promotional campaigns and business objectives.
- Provide data-driven pricing recommendations to support negotiations with distributors, retailers, and suppliers.
- Ensure all pricing decisions comply with financial regulations and company policies.
Continuous Improvement and Market Research:
- Monitor developments in the food sector, including inflation, taxes, and changes in consumer preferences.
- Identify opportunities to automate processes and enhance pricing methodologies.
- Propose adjustments to pricing models in response to market shifts and business needs.
Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field. • Master's degree or professional certification (e.g., CMA) preferred. • 3-5 years of experience in financial analysis, pricing, or revenue management, preferably in the food and beverage industry. • Technical Skills: • Proficiency in financial software, Excel, and data analysis tools (e.g., SQL, Power BI). • Experience with ERP systems, preferably Microsoft Dynamix AX pricing software. • Strong ability to analyze complex data, identify trends, and make data-driven recommendations. • Excellent communication skills to work with cross-functional teams and present findings to senior management. • High accuracy in financial calculations, pricing analysis, and data management.