Job Purpose
- To support the delivery of Analysis and insights by providing data and information for the day-to-day operation of the business and identify pricing opportunities for the business.
Core Responsibilities and Key Result Areas
Recipe costing
- Reviews food recipe and determines appropriate costing of menu items
- Converts recipes for use in quantity preparation.
- Ensure up to date costing of material items
- Performs margin and pricing sensitivity analysis in order to support business initiatives
- Develop price points for new product launches to improve profit margin and sales volumes
Business Analysis
- Reviews products menu to determine the best and worst performing products by location
- Determine location theoretical GP and cost benefit per location
- Monitors pricing decisions and proactively monitor products’ performance to determine whether revaluation is needed
- Ensures pricing accuracy across all store types and regions
- Performs products and volumes profitability analysis
Competitive Analysis
- Monitors and update commercial and competitor price lists
- Analyze market trends, including competitors’ prices, consumer habits, marketing strategies and profitability
- Work closely with relevant teams to capture pricing strategies and opportunities.
- Data Analytics
- Reporting on daily, weekly, and monthly product performance
Key Performance Indicators
- Ensures an updated product price list by clusters
- Ensures an updated competitor price list
- Maintain and regularly update pricing models
- Develop regular templates to drive business operation
Knowledge Requirements
- Demonstrates good research, quantitative, and analytical skills
- Must be competent in software programs such as Microsoft Office, Excel
- Have a natural aptitude in mathematics and can think analytically.
- Demonstrates commercial and economic awareness, including an awareness of global economic factors that can influence the Food & Beverage and QSR industry
- Knowledge of written and verbal communication skills
Job Specifications
- A good first degree in Mathematics, Statistics, Computer Science, Economics, or Finance.
- Relevant professional degree is an added advantage
- Minimum of 5 years’ experience in a similar role is required
How to Apply
Interested and qualified? Go to Food Concepts Plc on career2.successfactors.eu to apply