Pricing Analyst at Remedial Health

About The Role

• This is a full-time on-site role for a Pricing Analyst.
• The Pricing Analyst will be responsible for analyzing pricing and market data, developing pricing strategies for medications and other pharmaceutical products based on market trends, and monitoring the competition.
• The Pricing Analyst will also be responsible for optimizing pricing decisions to enhance profitability while ensuring affordability for clients.

Job Description

• Gather, organize and analyze relevant pricing-related data sets such as historical pricing, sales data, competitor pricing structures, market research/trends, customer data, industry standards, and internal cost structures specific to the pharmaceutical industry for the development of sustainable competitive pricing strategies for all SKUs.
• Design and implement optimal company-wide competitive pricing strategies for effective sales and revenue generation, and overall profitability of the business.
• Monitor sales pricing/rates of all product categories across regions (Lagos and Kano) to maximize profit and mitigate revenue shortfall.
• Serve as the main point of contact for pricing inquiries at all times.
• Utilize statistical models and data analytical techniques to assess the impact of pricing decisions on revenue and profitability.
• Conduct data analysis to identify pricing opportunities, trends, and areas for improvement and also maintain a competitive edge in the market.
• Develop reports, dashboards, and presentations to communicate pricing insights to the management through the line manager on a weekly basis.
• Monitor and track competitor pricing strategies in the pharmaceutical industry to help stay ahead.
• Identify pricing differentials and opportunities to Stay informed about regulatory changes and industry trends affecting pharmaceutical pricing.
• Collaborate closely with the management, procurement team, and vendors to align pricing strategies with product supply.
• Continuously refine pricing models and strategies to optimize profitability while considering client’s affordability and access to all available SKUs.
• Recommend pricing adjustments based on data analysis, market conditions, and client feedback.

Qualifications

• 3 years work experience in Pharmaceutical business analytics or a related role within a pharmaceutical industry
• A bachelor’s degree in data science or other related fields
• Indepth knowledge and experience in formulating and deploying pharmaceutical pricing strategies
• Experience working with cross-functional teams teams

Person Specification

• Possess strong data analytical skills, teamwork and communication skills
• Proficiency in the use of Microsoft Excel; experience using Tableau would be an advantage
• Ability to work with large datasets specific to pharmaceutical pricing
• Strong attention to detail skills
• Excellent quantitative and financial analysis skills