Pricing Analyst

About us:

As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values different voices and lifts each other up. Here, we believe your unique perspective is important, and you'll build relationships by being authentic and respectful.

Overview about TII
At Target, we have a timeless purpose and a proven strategy. And that hasn’t happened by accident. Some of the best minds from different backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations.

PRIMARY FUNCTION

Clearance Pricing Analysts core responsibilities are clearance price management including clearance program execution, optimization and forecasting. The Analysts own end-to-end clearance price execution to ensure Target maximizes clearance profitability.  

PRINCIPLE DUTIES AND RESPONSIBILITIES

Pricing Analysts are responsible for clearance price operations in order to deliver financial results. Also, partnering with Minneapolis Analysts to understand EOS strategies and opportunities to develop best results. 

• Be the single point of contact for the assigned business (online & stores) and gain expertise on end to end pyramid and strategy context
• Provide context and analysis on the drivers of clearance pricing metrics and performance versus enterprise objectives
• Leverage defined clearance pricing processes to execute, optimize, and forecast clearance programs.  Independently make sound pricing decisions to ensure clearance programs are correct, maximize financials, and forecasted accurately
• Develop an accurate A MD forecast and forecast variance recap monthly in step with Merchandising and Planning needs. Partner with Merchandising and Finance partners
• Create and publish operational dashboards to inform internal partners of clearance pricing actions
• Utilize exception reporting to troubleshoot issues with clearance programs
• Effectively manage best practice and team governance for your business/process and provide strategic solutions to key areas across pricing
• Create and maintain knowledge documentations, follow operational hygiene (Project management practices, quality assurance & time tracker)
• Develop and maintains working relationships with price engineering teams, product owners, support teams, and all other teams related to pricing operations, to cohesively work towards achieving the business mission and goals
• Effectively onboard, train and mentor new hires
• Key business consultants to enterprise Price & Promotion COE, Merchants, Stores, Site Marketing, Marketing, Technology and other support areas.

JOB REQUIREMENTS

MINIMUM REQUIREMENTS:

• 2 to 4 years of experience ( MBA-Retail/Operations management)OR
• 4 to 5 yrs. experience  (Graduate – Business/Commerce/Economics/Science/BE/B Tech)
• Advanced knowledge in Microsoft Excel and basic SQL
• Excellent analytical and problem solving skills
• Demonstrate leadership and decision-making skills
• Self-starter, curious and thrives on learning new capabilities
• Excellent communicator – ability to present to large groups of people, manage cross functional projects and strong organization skills
• Project management expertise

DESIRED REQUIREMENTS:

• Prior retail/e-commerce experience
• Basic knowledge in statistical methodologies and concepts
• Six sigma expertise (knowledge of tool and lean principles application)