Lowe's Services Pricing Sr Analyst in Mooresville, North Carolina

Job Description:

The primary purpose of this role is to support advanced pricing strategies for merchandising product divisions, scenario modeling, and life-cycle pricing insights & recommendations. This includes responsibility for routine monitoring & reporting, weekly tracking, gathering data, and providing Merchants with recommendations to improve customer price perception while ensuring that targeted financial results are achieved. This role ensures that Lowe's remains competitive in its pricing, and applies industry best practices to its pricing processes.

Responsibilities:

  • Works directly with merchandising to update product pricing relationships that drive modeled price elasticities and gains alignment on competitive comparable items in support of rules-based pricing and optimization efforts

  • Provides on-going competitor insights that impact strategy and category profitability

  • Drives process improvements into the inputs and strategy presentations provided to the merchant teams in the Product Line Review process

  • Visits Lowe’s and competitor’s stores to review current category pricing strategies, brand relationships and gaps, competitive pricing strategies and promotional activity

  • Monitors sales, margin and other key financial and customer metrics and reports out on the financial performance of category pricing strategies

  • Provides input into enhancements for software application and system upgrades that align with Lowe’s pricing and strategies

  • Supports a collaborative environment by working with a team of peers to solve problems and shares information with peers, manager, and customers as appropriate

  • Utilizes advanced pricing tools to develop, model, and implement pricing strategies and recommendations for their assigned area of responsibility

  • Works closely with pricing strategy team to ensure category pricing strategies are aligned with the Lowe's enterprise pricing strategy and creates a continuous feedback loop to ensure enterprise and category strategies are continuously aligned and optimized

Minimum Qualifications:

  • Bachelor's Degree in Business, Finance or related field

  • 2+ years of Experience in data analytics

  • OR

  • 6+ years of Combined experience in pricing, merchandising, finance or related field in lieu of degree and experience requirements above

  • 2+ years Experience using Access and Excel to translate business objectives/goals into actionable pricing and promotional recommendations

  • 2+ years of Experience using pricing & promotional analytics or forecasting tools

Preferred Qualifications:

  • 1+ years of Experience in Home Improvement Retail

  • 1+ years of Experience participating or providing input into merchandising line review

  • 1+ years of Experience synthesizing large and diverse data sets to develop pricing and promotional recommendations

  • 1+ years of Experience developing processes and procedures to support business objectives

  • 2+ years of Experience in retail pricing and promotional organization

  • 2+ years of Experience working in a multi-channel environment

Job ID: 1414581BR

Line of Business: Corporate

Job Category: Pricing and Promotion

Department: 0163 - Services Pricing & Compliance

Employment Type I: Regular

Employment Type II: Full-Time

Location #: 1999

Location Name: CSC-Mooresville

City: Mooresville

State: NC

EEO Statement:

Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law.