Pricing Analyst

Job Title: Pricing Analyst

Duration: 6 months with possible extension

Location: Toronto, ON (Hybrid- 3 days/ month)

Job Description

Pricing Analyst is accountable for processing deposit, treasury management and corporate card exception pricing requests in addition to working on value-added pricing initiatives. This individual will also look at ways to streamline processes and reporting across these areas, working closely with sales and other stakeholders.

Key accountabilities include providing advisory support and expertise to the sales force in the development and approval of pricing solutions, performing strategic and operational ad-hoc analysis, and providing support in performance tracking and reporting.

Key Accountabilities:

Business Delivery & Operational Effectiveness:

• As part of a team, effectively handle exception client pricing requests, recording, tracking and completing Deals in accordance with SLA and ensuring alternative price/structuring strategies are provided to the sales force where warranted. Cover cross border and cross product pricing desk as required.
• Understand the pricing methodology, models and calculations in order to provide explanations and guidance to Sales/Relationship Managers
• Assist Senior Manager, NA Pricing Operations in developing strategies and in monitoring competitive and industry pricing/structuring practices, providing insights and recommendations.
• Adjudicate NA TPS non-standard pricing deals beyond division/region discretion, providing effective counselling and exploring alternatives with line officers and authorizing or declining deals within delegated discretion. Ensure retention of documentation to support Audit requirements.
• Identify and escalate pricing issues that are contentious or that reflect disadvantaged competitive positioning for resolution and to ensure that all future decisions are made based on the most up to date information.
• Revenue and pricing optimization
• Lead/participate in projects as a subject matter expert as required.

Client & Relationship Management

• Act as a subject matter expert for sales providing information and advice on pricing/structuring methodologies, strategies and specific TPS pricing.
• Support the pricing desk in developing and communicating pricing and structuring guidelines, policies, and best practices, working in a cohesive manner with management and the sales force to ensure the highest level product for customers
• Provide pricing insight as to competitive changes, standard pricing trends and standard price change needs.

Risk Management & Control

• As a subject matter expert, resolve pricing and structure problems using creative ideas and using internal and external resources as required.
• Ensure accurate and timely Deal Pricing Review
• Govern pricing models to ensure they are aligned to current profitability standards; retain approval documentation to support process audits.
• Continually identifies opportunities for process improvement.
• Ensure adherence to pricing policies and that proper approvals are received

Knowledge & Skills:

• University or College degree with 2 or more years of experience in banking, pricing, Treasury Management, Cards or equivalent.
• Strong analytical and financial skills, including data reporting and modeling.
• Competent using Microsoft Excel, Access and Business Objects
• Able to create relationships within and across teams and business partners
• Works well independently; able to find solution to problems without constant oversight; confident in their abilities.