Price Analyst II

This is a fully remote position, open to applicants in California.

📋 Description

• Develop and implement thorough analyses to inform strategic pricing decisions.

• Spearhead competitive intelligence initiatives and conduct market positioning analysis.

• Create and uphold advanced pricing models that encompass elasticity, optimization, and profitability.

• Execute sophisticated statistical analyses of pricing performance and market trends.

• Design and evaluate price testing strategies, including A/B tests and market experiments.

• Collaborate with Sales Executives to formulate competitive pricing strategies for new business opportunities and RFP submissions.

• Work in partnership with Account Managers on customer renewal contract negotiations, providing pricing analysis and competitive market benchmarking.

• Collaborate closely with legal teams to review and refine contract pricing terms, ensuring compliance and risk management.

• Conduct periodic analyses and validations of pricing models to ensure alignment with changing product offerings and industry standards.

• Partner extensively with product leaders and managers to comprehend product roadmaps, cost structures, and competitive positioning.

• Perform analyses of customer lifetime value and provide pricing recommendations based on segmentation.

• Lead assessments of pricing impacts for product launches, promotions, and market changes.

• Monitor and assess pricing performance metrics, identifying opportunities for revenue enhancement.

• Develop pricing dashboards and automated reporting systems for stakeholders.

• Manage cross-functional pricing projects and coordinate efforts with multiple business units.

• Assist in budget and forecast development incorporating pricing assumptions and scenario analysis.

• Mentor junior analysts and offer guidance on pricing methodologies and best practices.

• Ensure adherence to regulatory requirements and company policies.

⛳️ Requirements

• 3-5+ years of experience in pricing analysis, market research, or revenue management within the workers' compensation sector.

• Bachelor's degree in business, finance, economics, or a related field from an accredited institution.

• Familiarity with systems, platforms, and databases pertinent to the insurance industry and workers' compensation claims management.

• Demonstrated experience with pricing strategies in workers' compensation services.

• Strong statistical and quantitative analysis skills along with experience in pricing model development.

• Advanced Excel skills: Proficient in modeling, VBA, macros, and complex financial/pricing functions.

• Proficiency in Power BI: Capable of creating dashboards, developing visualizations, and performing advanced analytics.

• Experience with Salesforce CPQ: Skilled in pricing configuration, quote generation, and approval workflows.

• Understanding of SQL data lookups and foundational database queries.

• Strong business acumen and insight into market dynamics.

• Excellent presentation skills with the ability to convey complex analyses to senior management.

🏝️ Benefits

• Medical (HDHP) w/Pharmacy

• Dental

• Vision

• Long Term Disability

• Health Savings Account

• Flexible Spending Account Options

• Life Insurance

• Accident Insurance

• Critical Illness Insurance

• Pre-paid Legal Insurance

• Parking and Transit FSA accounts

• 401K

• ROTH 401K

• Paid time off