Yield Management/ Pricing Executives maximise the profitability of a product or service, using data analysis and forecasting to find out the best price.
Yield Management/Pricing Executive Job Description
- Handle daily pricing and set up rate guidelines and surcharges.
- Perform yield management, revenue, and trade volume forecast.
- Conduct feasibility studies on pricing strategies and trade services.
- Prepare lifting and trade reports, including business and margin performance analysis.
Note
Yield Management/ Pricing Executives need to possess analytical mindsets, keen interests in shipping, and the ability to translate data into insights and business intelligence.
What you should know about Yield Management/ Pricing Executive jobs in Singapore
Nature of Work
You are responsible for preparing management accounts, yearly budgets, monthly performance analyses and variances against the budget and results.Key Advice
You must have a deep understanding of market trends, consumer demand patterns, and competitor strategies.-
Entry RequirementsEntry Requirements
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Minimally a diploma or degree in Business, Finance, Accounting, or Maritime/Supply Chain related discipline is required.
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Some experience and understanding in pricing analysis and maritime business is preferred.
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Possible PathwayPossible Pathway
Skills you need to pursue a Yield Management/ Pricing Executive career in Singapore
Hard Skills
Pricing Strategy
Expertise in developing and implementing effective pricing strategies based on market research and analysis.Data Management
Proficiency in managing and interpreting large datasets to inform pricing decisions and forecast revenue trends.Data Analysis
Strong data analysis skills, including knowledge of statistical methods and data analytics tools are must haves.
Soft Skills
Negotiation Skills
Strong ability to negotiate contracts and agreements, balancing profitability and customer satisfaction.Analytical Skills
Keen analytical abilities to assess complex pricing models and market dynamics, enabling informed strategies.Time Management
The ability to prioritise tasks in a fast-paced environment, ensuring timely and efficient completion of tasks.Related Job Roles
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