Ancillary Pricing Analyst
hace 3 días
Welcome to Vueling Airlines Sa, the first Top Employer airline in Europe. We're excited to have you explore this opportunity to join our team.
Job Purpose:As a key member of our ancillary pricing team, you will play a crucial role in maximizing revenue for our diverse portfolio of ancillary products while minimizing costs. Your focus will be on developing and implementing next-generation price optimization models and supporting analytics.
Main Accountabilities:- Analyze pricing structures for products to ensure they are performing as expected and identify new opportunities.
- Conduct thorough analysis of data to identify patterns, trends, and insights.
- Perform frequent analysis on the pricing elasticity of different routes and customer segments in our network.
- Utilize regression analysis, clustering, and classification techniques to understand and predict customer behavior and market dynamics.
- Apply optimization techniques to determine the most effective pricing strategies based on factors such as capacity, historical data, experiment data, and market conditions.
- Investigate opportunities to integrate machine learning and real-time data integration into the ancillary pricing portfolio.
- Adapt to changing market conditions, regulatory environments, and business strategies, adjusting pricing models accordingly.
- Provide ongoing analytical reporting and distillation of key results for the commercial team and leadership.
- Improve revenue for ancillary products.
- Work with revenue management, data engineers, data scientists, digital, and distribution teams to improve product pricing strategy.
- Perform exploratory data analysis to gain insight into customers' purchase behavior.
- Develop product and customer-centric analytics utilizing cluster analysis, collaborative filtering, and randomized elasticity testing.
- Work with members of the ancillary team to provide insights that drive further refinement of the ancillary product portfolio.
- Support forecasting efforts for ancillary revenue and loyalty teams to drive total revenue.
Ancillary product owners, Revenue Management and Pricing, Data Engineers and Data Scientists, Digital, Distribution.
Education and Experience:Undergraduate degree in statistics, mathematics, finance, economics, operations research, computer science, or some combination of the above. 2 years' experience in the airline/travel industry, within revenue or commercial related functions. Demonstrated understanding of economics and airline (or related) commercial metrics. Experience in exploratory data analysis (EDA) to identify trends, patterns, and outliers in pricing data.
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