Pricing Analyst

Job description

Pricing Analyst at M&S Bank

The purpose of the M&S Bank Customer Value Management (CVM) function is to understand customers current and future needs and to integrate that thinking into strategic, tactical and operational activities to drive growth in customer value, satisfaction, engagement and ultimately profitability.

The purpose of the Pricing Analyst is to act as a consultant to product managers, helping them take informed decisions related to a) optimal product pricing and b) profitability valuation of new product launches and c) promotional campaigns.

Key responsibilities in this role include but are not limited to :

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Develop & maintain Pricing models to predict customer's need & response to price change.

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Conduct impact analysis of strategic decisions through simulations of respective Key Performance Indicator change and new Profitability prediction.

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Interact with product managers to help strengthen their understanding of a decision impact on Profit and Loss

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Apply specialist understanding of competitor and self-pricing strategies for a specific product in a given market to create proposals to improve bottom line profit, book size or mitigate impact of ever-changing market dynamics, optimize Volume/Profit

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Conduct price elasticity testing to determine the impact on demand and behaviour

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Present price change recommendations, business case analysis etc at relevant forums

The ideal candidate will be able to :

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Confront the challenges of a dynamic environment

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Achieve enhanced engagement with customers, stakeholders and colleagues

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Work responsibly and demonstrate good practice

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Support commercial innovation

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Understand products, strategies and propositions

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Leverage business information

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Work with financial modelling

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Analyse and plan

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Demonstrate an Accountancy qualification would be desirable

The base location for this role is M&S Bank.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, working from home and staggered hours. If in considering a role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC UK is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

Desired profile

Qualifications :

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