Pricing Analyst

Wakefern Food Corp. is the largest retailer-owned cooperative in the United States, supporting its members' retail operations. The Pricing Analyst will establish and analyze price reference information, manage day-to-day pricing activities, and provide recommendations for optimal pricing decisions. Responsibilities Analyzes competition, product position and profitability, and makes recommendations for pricing changes based on analysis Executes “what if” scenarios before finalizing and submitting prices for review Develops and manages pricing strategies that will be used in automated pricing system. Must be able to provide business strategies to management team Review system-generated pricing recommendations for accuracy and alignment to the category pricing strategy, as well as reviews results with key stakeholders Tracks and analyzes results of price adjustments and works on adjusting pricing strategies related to market dynamic changes, pricing trends, and market opportunities Provides fact-based guidance to key stakeholders in selecting pricing strategies/rules that result in increased sales, profit, and/or market share Provides regular and ad hoc pricing analysis and reporting for procurement staff Organizes baseline price information, analyzes and reports on inconsistencies, and identifies opportunities to optimize sales and profitability through price strategies Provides analytical support associated with various projects and management requests. Supports the development and implementation of price tests to validate pricing strategies Researches and resolves pricing issues as reported by stores and/or system-generated reports Monitors competitor prices across all price zones for designated Key Value Items (KVIs) and advises procurement staff when changes to the market occur Evaluates retail prices across industry channels to maintain competitive market position while maximizing profitability Models categories for the price system Skills B.S. in Accounting/Finance, Business, Economics, Mathematics or equivalent Strong analytical, quantitative, and qualitative analysis skills required Exceptional collaboration, communication, and interpersonal skills Exceptional analytical, organizational, and mathematical skills, as well as above average attention to detail and accuracy Strong statistical aptitude including understanding components of financial analysis and the ability to work accurately with numbers Must possess strong technical skills with ability to learn new software systems Must have a strong understanding on the relationship between Retail Pricing, Item Costing, Warehouse Markup, Gross Profit Rate, and Gross Profit Dollars Understand the economics behind price elasticity, multiples, and endings Must possess a thorough understanding of competitive pricing Demonstrated ability to independently develop new Excel models, charts and graphs as necessary Ad-hoc analysis on methods to optimize price through market and pricing strategies Evaluate all special pricing programs based on category manager input, including temporary price reductions Excellent Excel skills, as well as proficiency in Word, Outlook and PowerPoint Ability to rapidly learn new software systems and generate and analyze reports Must be organized, detail oriented, and able to multi-task Strong written and oral communication and negotiation skills Ability to effectively gather and manage information from a variety of internal and external sources Ability to be flexible and react quickly to change Benefits Medical, dental, and vision coverage Life and disability insurance A 401(k) retirement plan with company match Paid time off Holidays Parental leave Access to wellness and family support programs Fitness reimbursement Educational and training opportunities through our corporate university A collaborative, team-oriented work environment Company Overview Wakefern Food Corp. is employing an innovative approach to wholesale business services. It was founded in 1946, and is headquartered in Keasbey, New Jersey, USA, with a workforce of 10001+ employees. Its website is