Job Description
Pricing Officer is responsible for developing, maintaining and monitoring pricing levels across the bitMARTe marketplace to ensure that products and services are competitively priced by merchants, are commercially attractive and aligned with platform’s objective of being price competitive viz-a-viz other marketplaces.
Advises bitMARTe merchants on pricing, utilizing data gathered from multiple sources through market analysis, cost evaluation, competitor monitoring and data-driven recommendations. The role works closely with Business Development, Merchant Operations, Finance, Marketing and other relevant teams to ensure pricing competitiveness on bitMARTe thereby driving growth of commerce on bitMARTe.
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Responsibilities
- Develop and maintain pricing database for products, services, and conduct a comparative analysis with bitMARTe merchant offerings.
- Conduct regular market and competitor price monitoring to assess bitMARTe’s products and service pricing position and present same to management and relevant team with recommendation for appropriate adjustments.
- Create a matrix and benchmark for pricing comparison and thresholds that flags competitiveness or lack thereof.
- Present analysis to merchant’s post validation by management and encourage them to make adjustments to be competitive viz-a-viz the market.
- Work with Business Development and Merchant Operations in engaging merchants while presenting findings.
- Identify pricing anomalies, inconsistencies, and other pricing issues and coordinate timely resolution with the relevant merchants.
- Develop pricing models, scenarios and sensitivity analyses to support management decisions on pricing, commissions, discounts and promotional offers.
- Evaluate the commercial impact of promotions, price reductions, vouchers and other incentives and recommend appropriate controls to protect profitability.
- Prepare regular pricing reports and dashboards highlighting price movements, competitive positioning, pricing exceptions and recommended actions.
- Carry out any other tasks as may be assigned by the supervisor and company.
Requirements
- Bachelor’s degree in Finance, Statistics/data science or related science-based discipline.
- 0-2 years’ post NYSC work experience with knowledge of data analysis, database administration and support
- A minimum of 0-2 years post-NYSC working experience in pricing, commercial analysis, revenue management, business analysis, finance or a related role.
- Knowledge in pricing analysis, price modelling, market research or commercial decision-making, preferably within e-commerce, retail, FMCG, technology or a marketplace environment.
- Strong proficiency in Microsoft Excel and other Microsoft Office applications; experience with data analysis and reporting tools is an advantage.
- Strong numerical, analytical and problem-solving skills with the ability to interpret commercial data and translate findings into actionable recommendations.
- Ability to conduct competitor and market price analysis and identify pricing opportunities and risks.
- Excellent written and verbal communication skills, with the ability to present pricing data clearly to management and cross-functional teams.
- Strong attention to detail and ability to analyse pricing trends across multiple products, merchants and categories.
- Self-motivated, and results-driven, with the ability to work effectively in a fast-paced and evolving environment.
- Strong knowledge in creating database schemas that represent and support business processes.
How to Apply
Click the link below to apply.
Benefits
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