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 insurance

Group hospitalization insurance

Group dental insurance

Performance bonus

Birthday leave

Job summary

LOTTE Travel Retail Singapore is seeking a Pricing Analyst to analyze pricing strategies and build models to maximize revenue. You will manage historical data, monitor trends, and support pricing decisions across domestic and overseas markets.

Requirements include a Bachelor's degree and 2+ years in pricing analysis, with strong Excel skills and excellent communication. The role involves cross-functional collaboration and regional price checks, with potential travel.

Qualifications

• Bachelor's degree in Business, Finance, Economics, or related field.
• 2+ years pricing analysis experience.
• Strong analytical and problem-solving skills.
• Proficiency in data analysis and modeling.
• Advanced Excel skills.
• Excellent communication and presentation skills.
• Experience in the retail industry is a plus.

Responsibilities

• Develop and maintain the in-house database with historical pricing data.
• Collect, compile, analyze pricing data and present to Senior Management.
• Analyze pricing trends and competitor pricing to ensure compliance.
• Communicate pricing submissions with landlord and justify lowest price policy exceptions.
• Perform pricing analysis to identify gaps in pricing across 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 monthly price reviews and adjustments locally and overseas.
• May travel regionally to conduct price checks.
• Provide support for pricing-related projects and initiatives.

Skills

Pricing analysis

Data analysis

Advanced Excel

Communication

Team work

Education

Bachelor's degree in Business/Finance/Economics

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

Qualifications

• 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