Associate Pricing Analyst

LOTTE TRAVEL RETAIL SINGAPORE PTE. LTD.; Singapore; Presencial; SGD 65.000 - 90.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Annual leave 14–18 days

Medical insurance

Group hospitalization

Group dental

Performance bonus

Birthday leave

Descripción de la vacante

LOTTE Travel Retail Singapore PTE. LTD. is seeking a Pricing Analyst to analyze pricing strategies and develop models to optimize revenue.

The role involves handling pricing data, market analysis, and cross-functional collaboration to implement pricing initiatives. The ideal candidate will have a Bachelor's degree in business-related fields, 2+ years in pricing analysis, and advanced Excel skills for data modeling and scenario analysis.

Formación

• Strong analytical mindset with ability to work with large data sets.
• Proficient in data analysis and modeling techniques.
• Excellent communication and presentation skills; ability to summarize insights.

Responsabilidades

• Develop and maintain pricing data from audits, vendor data, and price checks.
• Analyze pricing data and present insights to Senior Management and stakeholders.
• Monitor market and competitor pricing; ensure compliance with pricing commitments.
• Communicate with landlords on pricing submissions and justify Lowest Price Policy exceptions.
• Identify pricing gaps across LOTTE Duty Free and other airports.
• Develop pricing models to optimize product pricing.
• Collaborate with cross-functional teams to implement pricing strategies.
• Review pricing monthly and adjust based on market conditions.

Conocimientos

Analytical thinking

Data analysis

Communication

Presentation

Attention to detail

Problem solving

Educación

Bachelor's degree in Business/Finance/Economics or related field

Herramientas

Excel (Pivot, VLOOKUP)

Descripción del empleo

Objective

In collaboration with various departments, the Pricing Analyst will be responsible for analyzing pricing strategies and implementing pricing models to optimize revenue and profitability for LOTTE Travel Retail Singapore. This role requires a strong analytical mindset and the ability to work with large sets of data.

Responsibilities

• Develop and maintain the in-house database with historical data collected from pricing audit, vendor's pricing raw data shared and physical price checks both in local domestic markets and overseas where required
• Collect, compile, analyze pricing data and present to Senior Management, stakeholders and facilitate in vendor communications monthly on pricing strategies
• Analyze pricing trends, market conditions, and competitor pricing strategies ensuring Lotte Travel Retail Singapore comply to the lowest price commitment in Singapore Changi Airport on a monthly basis
• Be the point of contact to communicate with the landlord in pricing submission monthly and develop logic by analyzing data to support and justify the request from Lowest Price Poloicy exception where applicable.
• Perform pricing analysis to identify gaps in pricing in Lotte Duty Free and other International Airports Retailers.
• Develop and maintain pricing models to optimize product pricing
• Collaborate with cross-functional teams to develop and implement pricing strategies
• Monitor pricing performance and make recommendations for adjustments as needed
• Conduct regular monthly price reviews and adjustments based on market conditions locally and overseas
• May be required to travel regionally to conduct price checks physically on ad-hoc basis
• Provide support for pricing-related projects and initiatives
• Any other duties which maybe assigned by immediate superior/Manager from time to time

Requirements

• Bachelor's degree in Business, Finance, Economics, or a related field
• 2+ years of experience in pricing analysis or a similar role
• Strong analytical and problem-solving skills
• Proficiency in data analysis and modeling
• Advanced Excel skills with competency in Pivot, Vlookup formulas etc
• Ability to work independently and in a team
• Excellent communication and presentation skills
• Attention to detail and accuracy
• Experience in the retail industry is a plus

Benefits

• We offer attractive salary packages that commensurate with relevant work experience
• Annual Leave from 14 days to 18 days
• Medical Outpatient insurance coverage
• Group Hospitalization and Surgery insurance coverage
• Group Dental insurance coverage
• Performance bonuses (T&C applicable)
• Birthday Leave