Pricing Analyst

Reliance Industries (RIL); Bengaluru; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Reliance Industries in Bengaluru is seeking a commercially oriented Pricing Analyst to support pricing strategy across the business. You will analyse commodity costs, market movements, competitor pricing and customer-level economics to produce actionable recommendations.

The role requires strong analytical and financial modelling skills, advanced Excel, and knowledge of Power BI or SQL. You will build dashboards, track margins, and ensure data-driven pricing decisions in partnership with

Qualifications

• MBA Finance preferred.
• CA Inter preferred.
• Strong analytical and commercial finance backgrounds may be considered.

Responsibilities

• Pricing analytics & recommendations: analyse pricing and profitability across product, channel and customer segments.
• Commodity & cost analysis: track edible-oil commodity prices and procurement costs affecting product economics.
• Market & competitor intelligence: monitor competitor pricing, market movements and promotions.
• Business performance & margin analytics: analyse price-volume-mix, track pricing vs budget, support monthly reviews and forecasting.
• Pricing governance & controls: maintain pricing master data and ensure adherence to guidelines.
• MIS & reporting: develop pricing dashboards and automate recurring reports in collaboration with Finance, Sales and Supply Chain.

Skills

Analytical skills

Financial modelling

Pricing knowledge

Excel

Power BI

SQL

P&L understanding

Stakeholder management

Communication skills

Market intelligence

Education

MBA Finance

CA Inter

Tools

Power BI

SQL

Job description

Role Purpose

We are looking for a commercially oriented Pricing Analyst to support the Pricing Manager in driving profitable and competitive pricing across the business.

The role will be responsible for analysing commodity costs, market movements, competitor pricing, margins and customer/product-level economics and converting these insights into actionable pricing recommendations.

The position will play an important role in ensuring that pricing decisions are data-driven, timely and aligned with margin and business objectives.

Key Responsibilities

1. Pricing Analytics & Recommendations

• Analyse product-wise, pack-wise, channel-wise and customer-wise pricing and profitability.
• Develop pricing recommendations based on cost movements, market conditions and competitive pricing.
• Track price realization, gross margins and contribution margins.
• Identify pricing gaps, margin leakage and opportunities for margin improvement.
• Support the Pricing Manager in periodic pricing reviews and decision-making.

2. Commodity & Cost Analysis

• Track key edible-oil commodity prices, procurement costs and relevant market indicators.
• Analyse the impact of changes in crude/palm/soy/sunflower and other relevant commodity prices on product economics.
• Develop cost-to-price bridges and sensitivity analyses.
• Support scenario modelling for commodity-price movements and their impact on margins.

3. Market & Competitor Intelligence

• Track competitor pricing across relevant products, brands, pack sizes and channels.
• Analyse market-price movements and promotional activity.
• Identify changes in competitive positioning and recommend appropriate pricing actions.
• Build regular pricing and market intelligence dashboards.

4. Business Performance & Margin Analytics

• Analyse price-volume-mix impact on business performance.
• Track budget vs. actual pricing and margins.
• Identify deviations from approved pricing and investigate root causes.
• Support monthly business reviews with pricing and profitability insights.
• Provide analytical inputs for budgeting, forecasting and business planning.

5. Pricing Governance & Controls

• Maintain pricing databases and ensure accuracy of pricing master data.
• Monitor adherence to approved pricing structures and commercial guidelines.
• Establish appropriate checks and controls around pricing changes.
• Maintain pricing history and provide audit trails for key pricing decisions.

6. MIS & Reporting

• Develop and maintain regular pricing dashboards and management reports.
• Provide concise insights rather than only reporting numbers.
• Automate recurring pricing reports and analytical processes wherever possible.
• Work closely with Finance, Sales, Procurement, Supply Chain and Category/Business teams.

Key Stakeholders

• Pricing Manager
• Finance / Commercial Finance
• Sales
• Procurement
• Supply Chain
• Category / Product teams
• Business Heads

Candidate Profile

Education

• MBA Finance preferred.
• CA Inter preferred.
• Candidates with strong analytical and commercial finance backgrounds may also be considered.

Experience

• 4–5 years of relevant experience in Pricing, Commercial Finance, Business Finance, Revenue Management or Business Analytics.
• Experience in edible oils, FMCG, commodities or a similar cost-sensitive industry is strongly preferred.
• Experience working with commodity-linked pricing will be an advantage.

Skills & Competencies

• Strong analytical and financial modelling skills.
• Good understanding of pricing, margins, contribution and profitability.
• Strong Excel skills; experience with Power BI / SQL / other analytical tools will be an advantage.
• Ability to analyse large datasets and identify meaningful business insights.
• Good understanding of P&L and commercial drivers.
• Strong attention to detail and data accuracy.
• Ability to work with multiple stakeholders and influence pricing decisions.
• Strong communication and presentation skills.
• Commercially minded with the ability to connect market movements cost pricing margin P&L.

Success Measures

The success of the role will be measured through:

• Accuracy and timeliness of pricing analysis.
• Quality of pricing recommendations and insights.
• Improvement in price realization and margin visibility.
• Identification of margin leakage and pricing opportunities.
• Effectiveness of pricing governance and controls.
• Automation and improvement of pricing MIS.

Responsiveness to commodity and market-price movement