Sr. Analyst Everyday Pricing Insights Activation - Food and Beverage

Profile

Everyday Pricing Insights Activation Sr. Analyst

As an Everyday Pricing Insights Activation Analyst you will develop and deliver Operational, Competitive, and Strategic insights relating to our pricing performance.  These insights will improve our current operations, understand our competitors and shape our future pricing plans.  You will activate against these insights with a broad set of partners including our pricing strategy teams, global Pricing operations, EDABI, and product team, across the Pricing & Promotions COE, and with Merchandising teams.  You will bring these insights to life in the following ways:

Quarterly SWOT for a merchandise pyramid of previous quarter's performance and primary competitors

Benchmarks and highlights of seasonal and YOY changes in opening price points, owned brand price laddering, and price architecture of competitors' store assortments vs Target.

Market intelligence summaries of strategic pricing changes implemented by key competitors 

Monthly Business Review dashboard and action plan on actively managed comp shop SKUs, index vs competitors, and actively priced.

Lead biannual audits of assortment excluded from Actively Managed Pricing

Pricing Playbook for each division and season

Implement changes to pricing strategy on appropriate business cadence to positively impact guests and financials

Recommendations on channel pricing strategies based on internal performance and competitor actions

Regular updates and recaps on pricing tests

Delivery of objectives tied to captainships which improve the performance of the global Everyday Pricing and Competitive Retail Intelligence teams

To achieve these goals, you will engage in a number of activities including, but not limited to:

Responsible for developing and prioritizing action plans to improve KPI metrics via a blend of short-term countermeasures and long-term solutions

Use domain expertise to determine the most effective data sources to improve pricing performance, inclusive of multiple internal reporting tools, 3rd party insights platforms, or acquisition of data through field studies

Using economic and pricing strategies to improve gross margin performance and price perception

Proposing and building executable, scalable tests of new pricing strategies leveraging Plan-Do-Check-Act cycle and engaging with Analytics and Product resources to sustain tests that drive business value into everyday operations

Creating compelling problem statements and business cases to support and advance our pricing strategy

Assessing and balancing stakeholder interests in managing price competiveness vs gross margin

Building strong, trusted relationships with merchants, PPCOE strategy & planning teams, pricing product teams, and Everyday Pricing Operations analyst

Maintaining daily connection with Everyday Pricing Operations Analyst counterparts in Bangalore

Providing subject matter expertise on pricing capabilities

Responsibility for the identification and correct setup of new items to deliver on our enterprise pricing strategy and intentional pricing relationships between brands, sizes, and item segmentation.

Minimum requirements:

4-year degree or equivalent work experience

2 years of professional work experience

Strong financial acumen for both retail and cost accounting metrics

Strong data analysis skills

Ability to manipulate data in Excel, SSAS financial data manipulation

Demonstrated peer leadership and decision-making skills     

Ability to influence others through the use of data and insights

Strong interpersonal skills and ability to maximize relationships

Strategic orientation and comfortable with ambiguity

Self-starter, ability to work independently

Desired Requirements:

Understanding of Merchandising Product Lifecycle

Lean concepts in Problem Solving, PDCA cycle, and hypothesis testing

Microeconomic and Pricing concepts in theory and application

Ability to pull basic queries in Hadoop/Big Red databases

Americans with Disabilities Act (ADA)

Target will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Distribution Center or reach out to Guest Services at 1-800-440-0680 for additional information.

Company info

Target Brands, Inc.
Website : http://www.target.com/