Pricing Analyst Intern- Summer 2024

As a Pricing Analyst intern, you will work closely with the pricing team to support the development and implementation of pricing strategies across various products and services. Your role will include analyzing competitive pricing data, assessing market trends, and evaluating customer demand to recommend pricing adjustments and promotions. You will also assist in creating pricing models and forecasts to predict sales outcomes and profitability impacts. Collaborating with cross-functional teams, including sales, marketing, and product development, will be an integral part of your role to ensure cohesive pricing strategies that align with overall business objectives.

PlanetArt internships are full-time positions, and interns should expect to work Monday-Friday, up to 40 hours per week typically between 9am-6pm. Specific team norms around working hours will be communicated by your manager. Interns should not have conflicts such as classes or other employment during the PlanetArt workday. Applicants should have a minimum of one quarter/semester/trimester remaining in their studies after their internship concludes. By applying to this position, your application will be considered for the Pricing Analyst Intern role located in Calabasas.

Key job responsibilities

The Pricing Analyst internship at PlanetArt, offers practical experience in corporate pricing strategy. It connects academic theory with real-world challenges, enabling interns to apply analytical skills, conduct market research, and analyze data. This experience provides insights into pricing's impact on profitability and market positioning, preparing interns for careers in finance, marketing, or business analysis. Your responsibilities will include:

• Conduct comprehensive market research to understand industry pricing trends, competitor pricing strategies, and customer perceptions of value.
• Utilize statistical software to analyze pricing data, including historical sales data, cost information, and market dynamics, to identify pricing opportunities and challenges.
• Develop and refine pricing models using Excel or other analytical tools to simulate various pricing scenarios and their impact on revenue and margin.
• Create detailed reports and presentations that summarize findings, provide insights, and recommend data-driven pricing strategies to senior management.
• For the culmination of the internship, you will be tasked with developing a comprehensive pricing strategy for a new product or service launch or for repositioning an existing offering in the market. This project will require you to apply all the skills and knowledge acquired throughout the internship, including market research, data analysis, and pricing model development. You will present your pricing strategy, including rationale, expected outcomes, and implementation plan, to the pricing team and senior management.

Requirements

• Currently pursuing or recently graduated with a degree in Business, Economics, Finance, Statistics, or a related field.
• Strong analytical and problem-solving skills, with a keen attention to detail.
• Proficiency in Excel and experience with statistical analysis software (e.g., R, Python) is preferred.
• Excellent written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Ability to work effectively in a team environment and collaborate with individuals from diverse backgrounds.
• Self-motivated with a strong sense of ownership and the ability to work independently on projects.
• Strong interpersonal, written, and communication skills.
• Covid-19 vaccine is required – reasonable accommodations will be considered.
• Work is performed in an office environment with low to moderate noise levels.
• Occasional lifting of up to 20 pounds.
• Position requires regular, continuous use of computer.
• Position requires regular sitting and standing.
• Position requires regular interaction with team members through the following methods: in-person, phone, WebEx, Slack, or email.
• May require occasional travel.
• This is a hybrid position; interns are expected to be in the office three days per week (Monday, Tuesday, and Thursday) with the option of working remotely two days (Wednesday and Friday).

Working Conditions

• Work is performed in an office environment with low to moderate noise levels.
• Occasional lifting of up to 20 pounds.
• Position requires regular, continuous use of computer.
• Position requires regular sitting and standing.