Senior Analyst – Pricing Jobs at Best Buy – Richfield, MN (On-site)

Best Buy

Best Buy jobs in Minnesota, USA – Apply for Senior Analyst – Pricing Jobs at Best Buy – Richfield, MN (On-site). See the job description, requirements, and the link to apply.

The person who fills this role will be within a commutable distance of Richfield, MN. This is currently a 3 days per week hybrid work model.
Best Buy has an exciting and challenging opportunity for a Senior Analyst – Pricing.
The Senior Analyst- Pricing owns the execution of pricing strategies for their assigned categories, and influences business stakeholders by providing in-depth, category and channel-specific pricing analysis and recommendations across pricing capabilities. The Pricing Analyst partners with their Sr. Manager and Category Teams to develop and recommend pricing strategy and process improvements. With the evolution of the pricing organization, this individual may also be called upon to support various special projects.
Key Responsibilities

  • Develop and execute Clearance, Open Box, and Competitive Pricing Strategies to optimize profit, manage at-risk inventory, and/or drive Price Perception
  • Partner with Category Teams to support promotional strategies that impact business and enterprise goals
  • Act as an integration point between Pricing and Merchant teams. Develop strong, trust-infused relationships with these teams by compiling persuasive arguments to help guide pricing-related decisions

Performance Analysis

  • Conduct detailed, category-specific, analysis to ensure prices meet category-level goals.
  • Track pricing performance against financial goals and key performance indicators; identify risks and opportunities which may impact overall performance
  • Provide analysis and actionable recommendations, across pricing capabilities, including forecasted and actual financial impacts of proposed pricing actions

Communication And Influence

  • Present insights/recommendations to Category Teams and other cross-functional partners in a clear and concise manner that drives understanding and action
  • Partner with cross-functional teams (Retail Ops, Demand Planning, Category Teams, Space Management,, Secondary Markets, Finance, etc.) to improve financial results, ensure alignment of price strategy, and seamless execution of pricing-related priorities.

Team Leadership And Process Improvement

  • Contribute to team development through sharing of best practices, and/or project/capability work
  • Demonstrate proficiency and support continuous improvement of current state processes, tools, and reporting through collaboration and quality control processes

Minimum Qualifications:

  • 2 or more years of experience performing quantitative/financial analysis, pricing or promotion management, or business analysis within a retail, consulting, or consumer-oriented industry
  • Intermediate proficiency with MS Excel (VLOOKUPS, pivot tables, etc.)

Preferred Qualifications:

  • Demonstrated ability to build strong trust-infused relationships
  • Experience in the retail industry in pricing, inventory management, merchandising, and/or finance
  • Process improvement and/or project management skills
  • Experience influencing business partners through analytical insights

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