Senior Pricing Analyst

Recruiter
Burberry
Location
London, United Kingdom
Posted
20 Jul 2022
Closes
08 Sep 2022
Ref
153379-en_GB
Function
Operations
INTRODUCTION

At Burberry, we believe creativity opens spaces. Our purpose is to unlock the power of imagination to push boundaries and open new possibilities for our people, our customers and our communities. This is the core belief that has guided Burberry since it was founded in 1856 and is central to how we operate as a company today.

We aim to provide an environment for creative minds from different backgrounds to thrive, bringing a wide range of skills and experiences to everything we do. As a purposeful, values-driven brand, we are committed to being a force for good in the world as well, creating the next generation of sustainable luxury for customers, driving industry change and championing our communities.

JOB PURPOSE

The key purpose of the role is to drive revenue and EBIT by ensuring we maximise our pricing potential globally, whilst maintaining consistency and adhering to our overall pricing and brand strategies & principles.

They will be the primary pricing contact for the product divisions, and will be responsible for:
  • Identifying pricing opportunities through analysis of pricing architecture, performance trends and competitor pricing intelligence.
  • Monitoring changing global macro-economic factors and making appropriate and reasoned price adjustment recommendations to maintain global pricing consistency and protect group margins
  • Seasonal pricing set up to ensure that global retail and wholesale prices are appropriately derived each season
  • Managing markdown price calculation and execution
  • Acting as liaison between business and BI pricing team
  • Manage & Develop Pricing Assistant in day-to-day activities


RESPONSIBILITIES

Global Pricing Architecture
  • Support the Senior Planning Manager in the formulation of the longer term Global Pricing Strategy
  • Manage the seasonal review of country pricing factors, making appropriate price adjustment recommendations as needed
  • Assist the Senior Planning Manager in working with the product finance team to provide seasonal pricing guidance and global pricing architecture relationships to be incorporated into seasonal and financial plans
  • Create price positioning recommendations for new countries by undertaking analysis on relevant taxes and duties as well as local competitor price positioning.

Assortment Price Architecture
  • Create and analyse sales and offer by price range analysis to ensure an appropriate product assortment by price range is maintained
  • Monitor and analyse competitor pricing in order to identify pricing opportunity for the business
  • Carry out analysis of internal pricing architecture and make recommendations for price adjustments as appropriate
  • Review key style pricing and performance with the product merchants incorporating appropriate competitor pricing comparisons and agree seasonal price adjustments as appropriate

Seasonal Pricing Set-up
  • Oversee the seasonal price bands (core currency pricing relationships) process with merchants and implementation in Flex PLM
  • Oversee the creation of seasonal retail and wholesale factor files for SAP
  • Supervise the build and maintenance of seasonal pricing files (e.g., price indices, price increases, etc.)

Markdown Execution
  • Supervise creation of markdown prices and associated price calculation templates
  • Manage global markdown discount recommendations, using analysis to determine appropriate discount levels by category
  • Direct markdown execution by working with key stakeholders to ensure markdown prices are accurate and loaded in a timely fashion
  • Creation of markdown hindsight decks to understand performance and drawing key learnings for future markdowns

Business Liaison with Pricing Execution Team
  • Manage quarterly price change requests and approvals, working with the product teams and BI Pricing data team to facilitate a smooth implementation
  • Partner with Marketing and BI pricing to deliver accurate price information on product gifting catalogues
  • Liaise with BI pricing team on ad-hoc pricing queries, seasonal realignments, emergency price adjustments and any other price execution requests


PERSONAL PROFILE

  • Strong analytical and highly numerate individual with good verbal & written communication, facilitation, organization, and leadership skills
  • Strong commercial awareness of a retail business
  • Good understanding of micro and macro-economic factors that impact on global pricing
  • Good understanding of the factors affecting product margin
  • Must meet deadlines by mitigating risks, manage multiple projects simultaneously and prioritising as appropriate
  • Highly motivated, flexible, and conscientious with the ability to work in a constantly changing environment
  • Experience with SAP would be advantageous


FOOTER

Burberry is an Equal Opportunities Employer and as such, treats all applications equally and recruits purely on the basis of skills and experience.

Posting Notes: United Kingdom || Not Applicable || London || SC CENTRAL OPERATIONS || GLOBAL PLANNING || n/a ||

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