Pricing Specialist
4 weeks ago
Job Summary:
The Pricing Specialist is responsible for developing, analysing, and maintaining pricing strategies to optimize revenue and market share for the rent-a-car business. This role requires a strong understanding of market trends, competitor pricing, and customer demand to ensure competitive pricing structures while maximizing profitability.
Key Responsibilities:
- Analyze historical data, market conditions, and competitor pricing to recommend competitive pricing strategies.
- Develop and implement seasonal, promotional, and dynamic pricing strategies.
- Collaborate with the Revenue Management team to align pricing strategies with business objectives.
- Monitor industry trends, demand fluctuations, and competitor activities.
- Perform market segmentation analysis to understand customer preferences and pricing sensitivity.
- Provide insights into pricing performance and market positioning.
- Utilize pricing tools and software to analyze data and forecast revenue impacts.
- Generate regular reports on pricing performance, revenue metrics, and market trends.
- Identify areas for improvement in pricing efficiency and suggest actionable strategies.
- Work closely with marketing, sales, and operations teams to align pricing with promotional activities and customer service goals.
- Support the finance team in budgeting and forecasting by providing pricing and revenue projections.
- Ensure adherence to corporate policies and regulations in pricing activities.
- Assess and mitigate risks associated with pricing changes.
Qualifications:
- Education: Bachelor's degree in Business Administration, Finance, Economics, or a related field.
- Experience: 2+ years of experience in pricing, revenue management, or financial analysis (preferably in the car rental, hospitality, or travel industry).
- Proficiency in Microsoft Excel and data analysis tools.
- Experience with pricing or revenue management software.
- Knowledge of dynamic pricing models and techniques.
- Familiarity with car rental industry trends and challenges.
- Experience with demand forecasting and elasticity analysis.
- Certification in pricing or revenue management.
Please note that only shortlisted candidates will be contacted. Thank you for your interest in joining Budget Rent A Car UAE
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