What are the responsibilities and job description for the Services Pricing Sr Analyst position at Lowes?
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Your Impact
The primary purpose of the Senior Analyst - Services Pricing is to lead efforts for collecting, analyzing and grouping installed labor pricing to ensure pricing is competitive and aligns with the Lowe's Services strategy. This includes responsibility for analyzing the potential impact of price changes and driving recommendations on what changes should be made. This role is critical to Lowe's to maintain a strong competitive edge in installation services while ensuring a positive customer experience and protecting profit margins.
What You Will Do
• Researches, analyzes, develops, and recommends pricing strategies based on both geographical and different market conditions of the stores and historical and forward looking consumer and market data to ensure Lowe's can attract and retain the labor they need, as well as maintain the profitability model and drive sales
• Defines new pricing constructs and methodology to enable selling of new types of projects and/or improve provider/customer experiences
• Acts as the primary owner of labor cost reviews and field pricing requests to include research, analysis and resolution
• Analyzes and approves recommendations on field requests for labor price changes
• Gains consensus among different stake-holders in order to implements new price strategies
• Improves processes in which pricing information is gathered, synthesized, analyzed and implemented
• Gathers external and field based intelligence to set benchmarks for market conditions and set up the labor rate
• Creates and utilizes multiple databases to conduct data modeling in order to provide data driven pricing recommendations
• Develops Pricing Reporting; tracks financial impact of price changes and share findings
• Executes pricing changes through the labor price management system and effectively communicates pricing changes to the field
Required Qualifications
Bachelor's Degree
AND
3-5 Years of Experience in a financial or quantitative analysis position in which analytical skills were regularly used to interpret financial information and draw conclusions, provide financial insight into business issues, provide actionable recommendations and present complex financial information to senior management
1-2 Years of Experience in retail operations
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
