Pricing Analyst

8 hours ago

Tiruppur, Tamil Nadu, India beBeeData Full time ₹ 90,00,000 - ₹ 1,12,50,000

About Us

We are a global home improvement company serving millions of customers weekly. With over $97 billion in annual sales, we operate 1,700 stores across the US and employ approximately 300,000 associates.

The Pricing Analytics team assists pricing managers and merchants in defining and optimizing pricing strategies for different product categories across various channels. The team uses advanced analytics to forecast and measure the impact of pricing decisions, develop strategic price zones, recommend price adjustments, and identify sales and margin opportunities to help achieve business targets.

Job Summary

The primary purpose of this role is to develop and maintain descriptive and predictive analytics models and tools that support our pricing strategy. Collaborating closely with the Pricing team, you will help translate pricing goals and objectives into data and analytics requirements. Utilizing both open source and commercial data science tools, you will gather and wrangle data to deliver data-driven insights, trends, and identify anomalies. You will apply the most suitable statistical and machine learning techniques to answer relevant questions and provide retail recommendations. You will actively collaborate with product and business teams, incorporating feedback throughout the development to drive continuous improvement and ensure a best-in-class position in the pricing space.

Key Responsibilities:

  • Translate pricing strategy and business objectives into analytics requirements.
  • Develop and implement processes for collecting, exploring, structuring, enhancing, and cleaning large datasets from both internal and external sources.
  • Conduct data validation, detect outliers, and perform root cause analysis to prepare data for statistical and machine learning models.
  • Research, design, and implement relevant statistical and machine learning models to solve specific business problems.
  • Ensure the accuracy of model results and build trust in their reliability.
  • Apply machine learning model outcomes to relevant business use cases.
  • Educate the pricing team on how to effectively interpret and utilize machine learning model results.
  • Assist in designing and executing A/B tests, multivariate experiments, and randomized controlled trials (RCTs) to evaluate the effects of price changes.
  • Perform advanced statistical analyses (e.g., causal inference, Bayesian analysis, regression modeling) to extract actionable insights from experimentation data.
  • Lead and manage analytics projects, ensuring they are completed on time, within scope, and aligned with business objectives.
  • Lead the exploration and implementation of new analytical techniques, tools, and industry best practices.
  • Collaborate with teams such as Pricing Strategy & Execution, Analytics COE, Merchandising, IT, and others to define, prioritize, and develop innovative solutions.
  • Promote future-proof practices and holistic solutions, adopt new tools and techniques, and identify opportunities for enhancing analytical solutions.
  • Keep up to date with the latest developments in data science, machine learning, statistics, and experimentation techniques.
  • Lead and mentor junior analysts, fostering skill development and growth within the team.

Required Skills and Qualifications:

  • Bachelor's or Master's in Engineering/business analytics/Data Science/Statistics/economics/math

Desired Skills:

  • Technical expertise in Alteryx and Knime.
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