Strategic Pricing Analyst — Data-Driven Revenue Optimizer

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.

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

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

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