The Role

As a Pricing Analyst, you will be responsible for conducting pricing analysis to support the successful design and development of Thomson Reuters pricing approach across our product portfolio. You will develop systems for collecting and analyzing data to compile relevant findings and trends to support the price setting and price execution process. You will play a key role in designing & conducting pricing analysis methods and industry trends to develop high impact value-based pricing strategies. In this role, you will also be responsible for developing regular reporting and monitoring of price performance and develop actionable insights to further optimise price/value capture. The Pricing Analyst will partner closely with Commercial Excellence, Product, Product Marketing and Finance teams to ensure we effectively implement our pricing strategies and identify metrics to determine performance of pricing changes.

Key Responsibilities

• Create models to assess price elasticity, feature/price trade-offs, and model the impact of pricing strategies to profitability
• Track customer engagement & market trends to identify effective pricing strategies for existing and new segments
• Support the maintenance of price databases and execution of price book updates, including annual price increases and discount guidelines and ensure these are effectively delivered for price execution
• Develop regular price performance reporting, prepare & present findings, and actionable insights to improve pricing action effectiveness
• Define and conduct pricing analyses to inform pricing strategy for new, renew and upsell/cross-sell offerings
• Support the financial & commercial validation of pricing proposals for strategic projects & provide objective analysis comparing the outcomes of different pricing strategies
• Support ad-hoc investigations and projects aimed at improving pricing across the business
• Collaborate across functions on developing and implementing competitive pricing strategies

Key Competencies

• 5+ years of experience in pricing strategy & execution for B2B companies, preferably SaaS
• Experience with Alteryx, Tableau and/or PowerBI, SQL useful
• Experience in setting strategic and tactical pricing to drive performance in technology intensive industries preferred
• Exhibits a desire to learn about and understand pricing strategies and execution methodologies
• Insight led, with capability to obtain, interpret and apply customer and market research
• Ability to translate data into insights through visualization, and insights into actions
• Ability to distil complex information via a methodical and structured approach
• Ability to influence various stakeholders, by communicating clearly and persuasively
• Experience in managing projects preferred

Job Details

• Hybrid work
• UK Shift(2-11 PM)