Strategic Pricing Analyst

IFG International Financial Group Ltd; South Frontenac; Hybrid; CAD 75,000 - 95,000; Full time

Job summary

A leading client in the banking industry is seeking an Analyst for their Strategic Pricing team on an initial 12-month contract. This hybrid role based in Toronto involves creating analytics solutions and driving profitability through effective pricing strategies while requiring strong analytical skills and a solid background in banking.

Qualifications

• 5 years of experience in Banking with a focus on lending products.
• Advanced knowledge of SQL and Power BI.
• Excellent analytical skills with ability to synthesize data.

Responsibilities

• Support overall pricing strategy through building analytics solutions.
• Analyze effectiveness of past pricing decisions and strategies.
• Identify and improve pricing processes to enhance decision-making.

Skills

Analytical skills

SQL queries

Data mining/analysis

Power BI report building

Communication skills

Education

University Degree in Business, Engineering, Computer Science, Finance or equivalent

Tools

MS Excel

MS Access

Job description

Our client, a Top 5 Bank in Canada, is looking to hire an Analyst for their Strategic Pricing team for an initial 12-month contract. This role is currently hybrid in Toronto.

Responsibilities Include:

• Support overall pricing strategy through building analytics solutions, reporting capabilities, processes, and tactics.
• Help drive profitability, productivity, and service levels by assisting in developing, implementing, and managing a comprehensive customer-level pricing strategy.
• Set and manage rate tables load, posted rates, pricing discretion, and exception policy for the product suite to manage spreads and optimize growth and profitability.
• Improve understanding of price elasticity of demand, analyze the trade-off between product attributes and demand.
• Analyze the effectiveness of past pricing decisions and track the success of adopted pricing strategies.
• Identify and improve pricing processes and operations to ensure fast decision-making leading to greater customer satisfaction.
• Accumulate pricing knowledge over time to drive increasingly valuable business insights.

Qualifications:

• 5 years of experience in Banking with a focus on lending products.
• SQL queries, Power BI report building, data mining/analysis.
• Advanced knowledge of MS Excel and Access.
• Excellent analytical skills; the ability to create detailed models and synthesize large amounts of data into actionable business insights.
• Ability to interact with senior management, strong communication, and presentation skills.
• University Degree in Business, Engineering, Computer Science, Finance, or equivalent.

Nice to Have:

• Familiarity with statistical techniques and experience using analytic tools preferred.
• Postgraduate degree/designation in one of the following: MBA (Finance), CFA, CPA, or equivalent preferred.
• Knowledge of lending and sales processes is considered an asset.
• Pricing and/or Product management experience preferred.

If you are qualified and interested in discussing this role in more detail, please submit your resume to [e-mail].