Pricing Analyst

LOTTE TRAVEL RETAIL SINGAPORE PTE. LTD.; Singapore; On-site; SGD 52,000 - 76,000; Full time

Benefits offered by this job

Annual Leave 14–18 days

Medical insurance coverage

Group hospitalization and surgery

Group dental insurance

Performance bonuses

Birthday Leave

Job summary

LOTTE Travel Retail Singapore Pte. Ltd. is seeking a Pricing Analyst to study pricing strategies and build models that drive revenue and profitability. You will manage historical pricing data, analyze market trends, and present findings to senior management.

The role requires strong analytical skills, advanced Excel, and the ability to work independently as part of a cross-functional team. Singapore-based, with potential regional travel for price checks and supplier coordination.

Qualifications

• Bachelor's degree in Business, Economics, or a related field.
• 2+ years of pricing analysis experience.
• Strong analytical and problem-solving skills.
• Proficiency in data analysis and modeling.
• Advanced Excel skills.
• 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.

Responsibilities

• Develop and maintain the in-house pricing database with historical data and price checks.
• Collect, compile, analyze pricing data and present to Senior Management and stakeholders.
• Analyze pricing trends, market conditions and competitor strategies for Singapore and overseas markets.
• Communicate pricing submissions monthly with landlords and justify Lowest Price Policy exceptions.
• Perform pricing analysis to identify gaps across Lotte Duty Free and other international retailers.
• Develop and maintain pricing models to optimize product pricing.
• Collaborate with cross-functional teams to implement pricing strategies.
• Monitor pricing performance and recommend adjustments.
• Conduct regular monthly price reviews based on market conditions.

Skills

Pricing analysis

Data analysis

Excel

Modeling

Communication

Education

Bachelor's degree in Business or Economics

Tools

Excel

Job description

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, 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
• 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

Other 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