Revenue Management Consultant job in Chicago, IL| Recruit Arrow
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Thursday, April 25, 2024
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Title
Revenue Management Consultant
Location : Illinois, Chicago
Refer job # BAJC338323
 
Job Responsibilities and Requirements: The candidate will act as a SME to develop analytical models and formulate insights to provide leaders and other stakeholders the information they need to drive decisions and actionEstablish a methodology and provide recommendations to review and track revenue performance Advise key stakeholders on opportunities to reduce risk, optimize margins, and resolve revenue leakage issues through close partnership with product and sales leadersDevelop enhanced pricing analytics to provide insights into optimal pricing strategy and to generate leads into product or LOB penetrationBenchmarking: Act as SME for all pricing benchmarking, liaising with the external vendor, Sales and Product to optimize value to the organization. Manage reporting and outputs, develop insights to improve clarity and competitiveness of pricingUse benchmarking to drive revenue enhancements via annual standard pricing updates, initiate leads campaigns and other pricing initiativeIdentify pricing challenges that impact the Customer Experience or are pain points to Sales teams and work with Product Management and Sales to resolveSupport the pricing and revenue aspect of product conversions and new product releasesFoster the Pricing Simplification mandate in all aspects of pricing - in tools, deals, initiatives and processesBuild relationships with partner groups: Sales, Billing, Workforce Effectiveness and Product Knowledge of Cash Management and Corporate Card products and pricing, including proven execution of analytic projects and initiatives; preferably with a pricing focusUndergraduate degree (BA, B.Sc. or BBA), ideally in Mathematics, Statistics, Finance, or Economics. MBA, CFA, or graduate degree in related field strongly preferredExceptional problem-solving skills (consulting experience is an asset)5-10 years of experience in financial servicesDeep expertise in analytical concepts and models (business intelligence software experience an asset)Well versed in Excel, Access, and Business Intelligence tools (Spotfire experience is an asset)Knowledge of analytics engines such as Alteryx, and/or SQL coding experience, is a plus Strong presentation skills, particularly the ability to present complex information in a simplified manner to senior audiences Works well independently and in ambiguous situations Confident in the accuracy of analytic output and strong attention to detail while understanding the big picture Understanding of the Banks systems/processes is an asset Able to bridge gaps and develop relationships with peers and partners.
 
 
 
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