Pricing Forecast Analyst
Michaels
Pricing Forecast Analyst
The Pricing Forecast Analyst will drive the analysis and recommendation of the Pricing and Promotions strategy and tactics. Exceptionally strong analytical and math skills are required, along with experience manipulating large data sets using internal data warehouse system. Proven leadership and collaboration skills are required to create strong cross functional relationships with Category Management, Merchandise Planning, Finance, and Inventory. Leading in efforts to drive strategic pricing across the company.
Analysis
- Conduct analysis to support pricing initiatives, adding rigor to existing methodologies and developing key metrics and analytics to support pricing strategy and tactics.
- Gather data and perform analyses manipulating large data sets to create thoughtful, robust business analyses.
- Analyze issues, develop insights, and formulate data-based hypotheses.
- Present findings to Pricing partners.
- Assist in creation of weekly/quarterly/annual reporting.
Promotion Pricing Analysis:
- Utilize internal tools and processes to generate and validate Promotional offer forecasts on a regular and ad-hoc basis.
- Assist Promotional offer hindsight analysis and reporting
- Work with Pricing Advisors to develop pre-season promotion strategies to optimize sales and gross margin in alignment with company goals.
- Utilize internal Discount Optimization Tool for historical performance and other data sources to develop reports and strategic insights to improve promotion performance.
Other duties as assigned
Preferred Special Certifications or technical skills
- Experience with utilizing internal data warehouse systems to pull data metrics for analysis.
- PowerBI dashboard building and SQL
Preferred Type of experience the job requires
- Retail experience as a pricing expert, planner, or analyst preferred.
Minimum Education
- BS in Business, Mathematics, Statistics, or Finance
Minimum Special Certifications or technical skills
- Intermediate to advanced Excel skills including vlookups, pivot tables, comfort with writing formulas, etc.
Minimum Type of experience the job requires
- Minimum 2 years in Business
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