Overview

Job Family: Product Development & Management
Researches, develops and implements competitive pricing programs and products/partnerships and services for various lines of business to appropriately price based on risk, deposit, or credit goals while maintaining profitability. Continuously monitors the market and competitor strategies to ensure pricing and strategy is in line to provide consumers and/or clients a fair price while maintaining market share. Plans, directs and facilitates all phases of the pricing strategy changes from inception through introduction into the marketplace. Ensures products meet regulatory and industry standards.

Job Function: Product Development
Researches, develops and implements competitive products and services for the consumer, and corporate markets to maximize profits. Translates technological advances and consumer needs into usable and marketable products. Plans, directs and facilitates all phases of the product life cycle, from inception through introduction into the marketplace. Ensures products meet regulatory and industry standards.

Summary of Responsibilities:
The Analyst is responsible for support and maintenance of analytical needs related to strategy, pricing across a portfolio of products and competitive intelligence. S/he develops consistent and reliable reporting and analysis to understand and communicate trends, metrics, and indices needed to drive better planning and pricing activities. The Analyst is involved in proactively analyzing reports to identify trends that are inconsistent with existing plans so that appropriate action can be taken. This includes price changes, forecasting change, competitive intelligence, and customer/dealer level incentives (if any).

Essential Functions:

  • Uses a variety of methods to perform pricing research and analysis.
  • Develop and implement action plans based on multi-organizational reviews of key metrics and root causes for trends that are not proceeding within expectations.
  • Collaborates and contributes to defining pricing rules/policies, monitors corporate pricing, and carries out pricing rules.
  • Evaluates, polices, and helps educate others on pricing policies and rules.

Other Functions:

  • Other duties as assigned.

Requirements:

  • Education –
    • Bachelor’s Degree
    • or equivalent work experience
  • Experience –
    • 0-3 years Pricing and/or pricing processes experience.
  • Skills & Abilities –
    • Overall proficiency with MS Office (Outlook, Word, PowerPoint)
    • Attention to detail, excellent organization, ability to prioritize work load and meet deadlines
    • Good written and verbal communication skills
    • Willingness to implement procedures and guidelines
    • Rigorous and focus on results
    • Customer-focused
    • Patient, willing to learn new skills
    • Strong intellectual curiosity and affinity for numbers
    • Analytical and organized with relentless attention to detail

Competencies:

  • Influence – Information Sharing:
    • Foundational – Learning and Developing
      • Openly and proactively shares information
  • Problem Solving – Resourcefulness:
    • Foundational – Learning and Developing
      • Accurately identifies resource requirements to solve basic problems
  • Customer Focus – Customer Understanding:
    • Foundational – Learning and Developing
      • Actively seeks information to understand customer needs
  • Risk Management – Continuous Process Improvement:
    • Foundational – Learning and Developing
      • Supports the implementation and evaluation of risk management policies, processes and procedures
  • Risk Business Acumen – Industry Acumen:
    • Foundational – Learning and Developing
      • Knows who the organization’s key customers and competitors are
      • Has basic understanding of financial services industry and how organizations operate
  • Risk Business Acumen – Financial Command:
    • Foundational – Learning and Developing
      • Can identify key financial concepts and potential operational risks within relevant area of responsibility

Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and tear down.
  • Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer’s Rights:

  • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will be evaluated in part based upon your performance of the tasks listed in this job description.
  • The employer has the right to revise this job description at any time.  This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.