Pricing Analyst Job Description

Key responsibilities

• 📊 Spot market trends to guide smart pricing: Pricing Analysts dive into market data to understand what’s shifting. By keeping an eye on competitor pricing and consumer trends, they uncover insights that help shape pricing strategies that stay competitive and relevant.
• 💰 Build pricing strategies that work for everyone: Finding the sweet spot between value and profitability is key. Pricing Analysts consider everything from production costs to customer perceptions to design pricing that hits the mark.
• 🔍 Track performance and refine pricing: Once a pricing strategy is live, the work doesn’t stop. Pricing Analysts monitor how it’s performing, look at the numbers, and recommend updates to stay ahead. It’s a constant cycle of testing, learning, and improving.
• 📈 Collaborate across departments: From marketing to finance, Pricing Analysts work with different teams to align pricing with broader business goals. Their data-backed insights help ensure everyone’s pulling in the same direction.
• 🔄 Continuously improve pricing models: Markets change and pricing models need to evolve too. By using new tech, fresh data, and smarter tools, pricing analysts keep strategies sharp, relevant, and ready for whatever comes next.

Qualifications and skills

• Degree in Finance, Economics, or a related field: Gives you a solid foundation in financial principles and market dynamics.
• Strong analytical skills: You can unpack complex data sets and use them to make smart, evidence-based pricing decisions.
• Proficiency in Excel: Essential for building models and running detailed analyses.
• Detail-oriented: You’re great at spotting patterns, anomalies, and inconsistencies others might miss.
• Experience with pricing software: Familiar with platforms like Vendavo or PROS? That’s a big plus for working efficiently.
• Understanding of market trends: Helps you adjust strategies quickly to stay competitive.
• Experience in data visualisation tools: You know how to turn data into visuals using Tableau, Power BI, or similar tools that make your insights easy to grasp.

Career path and opportunities

More than number crunching, this career path lets you influence real business decisions. You’ll start out digging into data, tracking pricing trends, and helping shape pricing strategies that make businesses more competitive.
As you gain experience, you might take on Senior Analyst roles—handling more complex data, leading projects, and helping guide pricing decisions at a higher level. From there, you could move into Pricing Manager roles or even Head of Pricing—where you’ll build models, lead teams, and influence company-wide strategy.
Not feeling the pricing niche forever? Your skills translate well into product management, marketing, or even consulting. Whether you want to lead teams, specialise in pricing strategy, or take your analytical skills elsewhere, there’s loads of room to grow.

Related job titles

• Cost Analyst
• Revenue Analyst
• Financial Analyst
• Business Analyst
• Market Analyst
• Pricing Manager
• Risk Analyst
• Sales Analyst
• Forecasting Analyst
• Demand Planning Analyst

Example job description

Job title: Pricing Analyst

Job overview: Love data, trends, and making sense of the numbers? As a Pricing Analyst, you’ll help shape smarter pricing decisions that make a real impact on the business. If you're all about spotting patterns, turning insights into action, and collaborating across teams—this is your kind of role.

Key responsibilities:

• Analyse large datasets to help shape smart, data-led pricing strategies
• Work with different teams to keep pricing models sharp and responsive to market shifts
• Run competitor analysis to uncover where we can get ahead
• Present pricing reports that are clear, concise, and ready to guide big decisions
• Build and refine pricing strategies while making sure everything stays compliant

Required qualifications:

• A degree in Finance, Economics, Maths, or a related field
• Strong analytical mindset and the ability to interpret data with confidence
• Skilled in Excel and familiar with statistical analysis tools
• Great communicator who is able to break down complex info into simple insights
• Detail-oriented and solutions-focused

Preferred qualifications:

• Experience in pricing or financial analysis roles
• Knowledge of pricing tools and industry-specific software
• Comfortable working in fast-paced, team-driven environments
• Postgraduate qualifications are a nice bonus, but not essential

Perks/benefits:

• Competitive salary with performance bonuses
• Room to grow with clear development and career pathways
• Flexible working to suit your lifestyle
• Comprehensive health and wellness benefits
• A positive, inclusive team culture where your ideas are valued

Frequently asked questions

What does a Pricing Analyst do?

A Pricing Analyst uses data to figure out the best way to price products or services. By analysing market trends, competitor pricing, and customer behaviour, they help the business stay competitive while hitting its revenue goals.

What are their key duties and responsibilities?

•They build pricing models, analyse financial data, and make recommendations based on insights. Pricing Analysts work closely with sales, finance, and marketing to understand how pricing affects profit and position in the market and adjust strategies accordingly.

What skills are important for a Pricing Analyst to have?

Strong analytical skills are key, along with experience in data tools and financial modelling. They should also be detail-oriented, comfortable with complex data, and able to translate numbers into clear, actionable strategies.

What makes a great Pricing Analyst?

They’re sharp, curious, and always looking for ways to improve. A great Pricing Analyst knows how to balance the numbers with strategic thinking, stays on top of market shifts, and communicates insights clearly to drive smart decisions across the business.