Objective
In collaboration with various departments, the Pricing Analyst will be responsible for analyzing pricing strategies and implementing pricing models to optimize revenue and profitability for LOTTE Travel Retail Singapore. This role requires a strong analytical mindset and the ability to work with large sets of data.
Responsibilities
Develop and maintain the in-house database with historical data collected from pricing audit, vendor’s pricing raw data shared and physical price checks both in local domestic markets and overseas where required
Collect, compile, analyze pricing data and present to Senior Management, stakeholders and facilitate in vendor communications monthly on pricing strategies
Analyze pricing trends, market conditions, and competitor pricing strategies ensuring Lotte Travel Retail Singapore comply to the lowest price commitment in Singapore Changi Airport on a monthly basis
Be the point of contact to communicate with the landlord in pricing submission monthly and develop logic by analyzing data to support and justify the request from Lowest Price Poloicy exception where applicable.
Perform pricing analysis to identify gaps in pricing in Lotte Duty Free and other International Airports Retailers.
Develop and maintain pricing models to optimize product pricing
Collaborate with cross-functional teams to develop and implement pricing strategies
Monitor pricing performance and make recommendations for adjustments as needed
Conduct regular monthly price reviews and adjustments based on market conditions locally and overseas
May be required to travel regionally to conduct price checks physically on ad-hoc basis
Provide support for pricing-related projects and initiatives
Any other duties which maybe assigned by immediate superior/Manager from time to time
Requirements :
Bachelor's degree in Business, Economics, or a related field
2+ years of experience in pricing analysis or a similar role
Strong analytical and problem-solving skills
Proficiency in data analysis and modeling
Advanced Excel skills
Ability to work independently and in a team
Excellent communication and presentation skills
Attention to detail and accuracy
Experience in the retail industry is a plus
Other Benefits:
We offer attractive salary packages that commensurate with relevant work experience
Annual Leave from 14 days to 18 days
Medical Outpatient insurance coverage
Group Hospitalization and Surgery insurance coverage
Group Dental insurance coverage
Performance bonuses (T&C applicable)
Birthday Leave
Company Overview / Employee Value Proposition
LOTTE Duty Free was founded in 1980 and it has been ranked number one in the Korean duty-free industry for more than 45 years. LOTTE Duty Free is operating overseas duty free operations in various countries including
Australia, Guam, Japan, South Korea, New Zealand and Vietnam
and we had landed in Singapore in 2020. LOTTE Duty Free is now in Singapore Changi Airport operating 18 stores across 4 terminals.
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