Pricing Analyst (On-site)

Lotte Duty Free Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Benefits offered by this job

Salary package

Annual leave

Medical insurance

Hospitalization and surgery insurance

Dental insurance

Performance bonus

Birthday leave

Job summary

LOTTE Travel Retail Singapore is seeking a Pricing Analyst to drive pricing strategies and optimize revenue. The role involves handling historical data, analytical modeling, and close collaboration with multiple departments to support informed pricing decisions.

You will analyze market conditions, monitor competitor pricing, and present findings to Senior Management. The position requires 2+ years in pricing, strong Excel skills, and excellent communication abilities, with occasional regional

Qualifications

• Bachelor's degree in Business, Finance, Economics, or related field.
• 2+ years of pricing analysis experience.
• Strong analytical and problem-solving skills.
• Proficiency in data analysis and modeling.
• Advanced Excel skills.
• 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 database with historical data.
• Collect, compile, analyze pricing data and present to Senior Management monthly.
• Analyze pricing trends, market conditions and competitor pricing strategies.
• Communicate with landlord on pricing submission monthly and justify Lowest Price Policy exceptions.
• Perform pricing analysis to identify gaps in pricing across LOTTE Travel Retail Singapore and other airports.
• Develop and maintain pricing models to optimize product pricing.
• Collaborate with cross-functional teams to implement pricing strategies.
• Monitor pricing performance and suggest adjustments as needed.
• Conduct monthly price reviews and adjustments based on market conditions locally and overseas.
• Travel regionally to conduct price checks on an ad-hoc basis.

Skills

Pricing analysis

Analytical thinking

Data analysis

Excel

Teamwork

Communication

Education

Bachelor's degree

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.

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
• 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