Pricing Analyst (On-site)

LOTTE Travel Retail Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Benefits offered by this job

Annual Leave 14-18 days

Medical outpatient insurance

Group hospitalization and surgery保险

Group dental insurance

Performance bonuses

Birthday leave

Job summary

LOTTE Travel Retail Singapore is seeking a Pricing Analyst to drive pricing strategies, build pricing models, and optimize revenue across local and overseas markets. You will manage historical pricing data and contribute to data-driven decision making.

You will collaborate with cross-functional teams, monitor pricing performance, and present insights to senior management. Occasional regional travel and a focus on accuracy and detail are essential to success.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, or a related field.
• 2+ years of pricing analysis experience or similar role.
• Strong analytical and problem-solving skills.
• Proficiency in data analysis and modeling.
• Advanced Excel skills with Pivot and VLOOKUP.
• 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.
• Willingness to travel regionally for price checks.

Responsibilities

• Develop and maintain pricing database with historical data.
• Collect, analyze pricing data and present findings to senior management monthly.
• Analyze pricing trends, market conditions, and competitor pricing.
• Communicate with landlords on pricing submission and Lowest Price Policy exceptions.
• Perform pricing analysis to identify gaps and optimize pricing models.
• Collaborate with cross-functional teams to implement pricing strategies.
• Monitor pricing performance and recommend adjustments.
• Conduct monthly price reviews and price checks locally and overseas.
• Occasional regional travel for price checks.
• Support pricing-related projects and initiatives.

Skills

Analytical thinking

Data analysis

Teamwork

Communication

Attention to detail

Pricing analysis experience

Problem-solving

Education

Bachelor's degree in Business/Finance/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
• 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
• 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