About us:
Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.
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
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)