Pricing Analyst(Freight)
Job summary
Responsible for determining competitive pricing strategies to gain market share and achieve revenue goals, analyze data from multiple sources, develop complex pricing models, and collaborate with commercial team to develop sales strategies, analyze competitor pricing, set competitive prices to gain market share and achieve revenue goals.
Min. qualification
Bachelors
Experience level
Mid level
Experience length
2 years
Language
English
Working hours
Full Time - 8 to 5
Applicant location
Kenya
Job description & requirements
KEY DUTIES AND RESPONSIBILITIES
- Receipting and evaluating enquiries from internal and external customers.
- Liaise with service providers concerning all pricing enquiries.
- Source and negotiate rates from different service providers.
- Prepare quotations for customers within the stipulated and agreed timelines.
- Review new enquiries for potential business opportunities.
- Follow - up on all the quotations we offer to our customers.
- Maintain the quotation templates for record.
- Record keeping - update quotation register with all feedback we get from our customers to help us improve our services.
- Develop and implement appropriate tactics for the pricing area to achieve agreed target and objectives.
- Analyze and report on quote status and current rate trends.
- Assess data from a variety of sources to gain insights into pricing strategies and market trends.
- Analyze competitor pricing and market trends to increase market share and profitability.
- Track customer engagement to develop effective pricing strategies for products and offerings.
- Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability.
- Recommend pricing strategies that align closely with market trends and identify new market segments.
- Collaborate with commercial and operations team on developing and implementing competitive pricing strategies.
- Develop dynamic pricing tools to effectively respond to changing market needs and trends.
- Ensure that prices and specific programs conform to the organization’s pricing strategy.
- Document and maintain pricing processes.
- Review and administer price deviations and exceptions.
- Guarantee the accuracy of pricing data and ensure precise communication to customers.
- Work with relevant stakeholders to resolve cost errors.
- Effect promotional pricing in designated product categories and territories.
- Responsible for analyzing and reporting on margin and market pricing to identify and capitalize on opportunities.
- Undertake ad-hoc pricing analysis as required by superiors.
- Flag expiring rate agreements and contracts and disseminate such information to relevant parties.
- Any other duties may be assigned from time to time.
QUALIFICATIONS AND REQUIREMENTS
- 2- 3 years’ experience in a similar role.
- Bachelor’s degree in supply chain management/ mathematics/ Statistics/ Finance/ Economics, or in a related field.
- Proficiency in business intelligence (BI) software will be an added advantage.
- In-depth knowledge of statistical methods and data analysis.
- Knowledge in ERP systems
COMPETENCIES
- Good analytical skills
- Prioritization
- ERP knowledge
- Problem solving skills
- Team player
- Excellent written and oral communication
- Excellent Ms- Office proficiency/ Advanced Excel including pivot tables
- Excellent organizational skills
- Attention/Keen to details
- Excellent interpersonal skills
- Time management skills
- Strong project management skills and ability to work with multiple bids / RFQs
- Ability to meet deadlines and work under pressure
- Integrity
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