ABOUT THIS POSITIONThe Commercial Pricing Analyst plays a crucial role in the organization to develop, implement, and analyze our pricing strategies to maximize profitability and market share. This role will work with cross-functional teams to develop pricing models and strategies that align with the company's financial goals and market positioning. This may include setting prices for new products, adjusting prices for existing products, and determining discount and promotion strategies.
A successful candidate for this position is expected to develop a broad knowledge of Waystar's business, industry, and operations to support analysis and decision making at all levels of the organization.
WHAT YOU'LL DO- Drive business value and performance through pricing improvements and analytics
- Execute on the price increase plan to ensure notifications and implementations occur accurately and on schedule
- Assist in developing, implementing, and testing pricing process improvements
- Using statistical techniques, create reports showing effectiveness of pricing activities
- With support of the Director of Pricing, complete special projects to support the overall pricing strategy
- Prepare reports and presentations to communicate pricing strategies, analysis findings, and recommendations to senior management and other stakeholders
- Balance competitive pricing with profitability, ensuring that pricing strategies are both effective and sustainable in the long term
- Proactively identify opportunities for improvement by analyzing internal and external trends, results, and other sources
WHAT YOU'LL NEED- Bachelor's degree in finance, business, economics, statistics, quantitative marketing, data science, or another quantitative field
- 3+ years of experience working in pricing, FP&A, or other finance-related fields, and have advanced analytical skills and ability to distill complex analyses for management
- Demonstrated proficiency in Excel for data manipulation, complex modeling, and statistical analysis
- Detail-oriented with the ability to rapidly learn and take advantage of new concepts, business models, and technologies
- Understanding of statistics and statistical modeling, with a desire to develop statistics skill set
- Ability to work cross-functionally to collect input and drive optimal pricing solutions
- Passion for learning and self-development with a desire to learn all Waystar products
- Highly organized with the ability to prioritize and execute many concurrent tasks
- Capable of managing multiple work streams and projects simultaneously, on time, and on budget
BONUS POINTS
- Master's degree in finance, business, economics, statistics, quantitative marketing, data science, or another quantitative field
- Familiarity with Salesforce, CPQ, and contracting tools
- Experience in a healthcare or tech / software organization
- Knowledge of market research methodologies and tools
WAYSTAR PERKS- Competitive total rewards (base salary + bonus, if applicable)
- Customizable benefits package (3 medical plans with Health Saving Account company match)
- We offer generous paid time off for our non-exempt team members, starting with 3 weeks + 13 paid holidays, including 2 personal floating holidays. We also offer flexible time off for our exempt team members + 13 paid holidays
- Paid parental leave (including maternity + paternity leave)
- Education assistance opportunities and free LinkedIn Learning access
- Free mental health and family planning programs, including adoption assistance and fertility support
- 401(K) program with company match
- Pet insurance
- Employee resource groups
