Pricing Optimisation Expert
3 weeks ago
We are seeking a highly skilled Senior Data Scientist to lead our Pricing & Revenue Management initiatives. As a key member of our team, you will establish the foundation for our revenue management practices and drive significant business growth.
Job Description:
- This is a challenging and rewarding opportunity for an experienced data scientist to join our Source team in the West Midlands.
- The successful candidate will have a strong understanding of revenue management principles, including demand forecasting, optimisation, pricing strategies, and inventory management.
Your Key Responsibilities:
- You will collaborate with fellow data scientists to develop a cutting-edge Revenue Management System.
- Taking charge of revenue forecasting, delivering insights that empower business leaders to make informed decisions.
- Designing and implementing sophisticated algorithms for pricing strategies that maximise revenue potential.
- Executing comprehensive testing, including simulations and A/B tests, to evaluate the impact of your recommendations.
- Acting as a champion for data-driven decision-making, enhancing our understanding of market dynamics, our offerings, and customer preferences.
- Partnering with the Head of Revenue Management to promote the adoption of best practices across the organisation.
Requirements:
- A degree in a quantitative field (BSc or MSc in Mathematics, Statistics, Economics, or related disciplines).
- Excellent mathematical and analytical skills, with a proven track record in statistical modelling.
- Expertise in forecasting and optimisation techniques.
- A minimum of 5 years of relevant experience in industries such as airlines, hotels, retail, car rental, or e-commerce would be advantageous.
Benefits:
A competitive salary of £60,000 - £65,000 per annum, a hybrid role based in the West Midlands, and a chance to work with a talented team dedicated to driving business growth through data science.
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