Business Analyst Manager at Food Concepts Plc

Job Purpose

• To support the delivery of Analysis and insights by providing data and information for the day-to-day operation of the business and identify pricing opportunities for the business.

Core Responsibilities and Key Result Areas

Recipe costing

• Reviews food recipe and determines appropriate costing of menu items
• Converts recipes for use in quantity preparation.
• Ensure up to date costing of material items
• Performs margin and pricing sensitivity analysis in order to support business initiatives
• Develop price points for new product launches to improve profit margin and sales volumes

Business Analysis

• Reviews products menu to determine the best and worst performing products by location
• Determine location theoretical GP and cost benefit per location
• Monitors pricing decisions and proactively monitor products’ performance to determine whether revaluation is needed
• Ensures pricing accuracy across all store types and regions
• Performs products and volumes profitability analysis

Competitive Analysis

• Monitors and update commercial and competitor price lists
• Analyze market trends, including competitors’ prices, consumer habits, marketing strategies and profitability
• Work closely with relevant teams to capture pricing strategies and opportunities.

Data Analytics

• Reporting on daily, weekly, and monthly product performance
• Key Performance Indicators
• Ensures an updated product price list by clusters
• Ensures an updated competitor price list
• Maintain and regularly update pricing models
• Develop regular templates to drive business operation

Knowledge Requirements

• Demonstrates good research, quantitative, and analytical skills
• Must be competent in software programs such as Microsoft Office, Excel
• Have a natural aptitude in mathematics and can think analytically.
• Demonstrates commercial and economic awareness, including an awareness of global economic factors that can influence the Food & Beverage and QSR industry
• Knowledge of written and verbal communication skills

Job Specifications

• A good first degree in Mathematics, Statistics, Computer Science, Economics, or Finance.
• Relevant professional degree is an added advantage
• Minimum of 5 years’ experience in a similar role is required

Decision Expectations

• Research and prepare pricing reports.
• Prepares competition report
• Prepares pricing impact reports
• Prepares product- volume profitability report