Senior Forecast Analyst
- Location: Lenoir/Hickory, NC (Remote Flexibility)
- Level: Senior Associate
Our client, a global pharmaceutical company is looking for a Sr. Forecasting Analyst to join their team. This position reports directly into VP of Business Intelligence and Information Technology and will contribute to the efficiency of the company's supply chain of products and pricing strategy.
The position is responsible to provide accurate product demand unit forecasts that will allow for a synchronized supply and operations plan to be executed. The Sr. Forecast Analyst will work with complex data sets to help businesses determine and set competitive prices to gain market share and achieve revenue goals. This is a highly analytical role that requires pricing analysis to consider data from multiple sources and develop complex pricing models. A strong analytical mindset is required to handle large data sets and multiple SKUs. Significant interaction with multiple departments and management is a key component of this role to include business intelligence, supply, manufacturing, sales.
The Sr. Forecast Analyst will be responsible for:
- Routinely create statistical forecasts based on demand patterns and business trends
- Forecast adjustments to the demand plan based on seasonal aspects, internal changes, sales promotions, etc.
- Lead and present monthly demand planning meeting with S&OP team
- Work to identify product pattern trends for predictive modeling for long-term forecasting
- Manage and maintain demand plan in supply chain software
- Work to identify customer pricing opportunities in BI software
- Monthly evaluation of demand accuracy level vs. actuals sold
- Analyze market trends, including competitors' prices, marketing strategies and profitability
- Synthesize external trends with internal data, including material costs, production costs, profit margin and customer segmentation analysis
- Work with supply team to monitor inventory levels and adjust forecast appropriately
- Develop and present financial revenue forecast outlooks based on demand patterns
- Produce monthly sales performance reports, scorecards, KPI charts and rolling financial revenue forecast to determine success and accuracy of the demand plan
- Work to enhance standard demand planning operating procedures and processes
Qualifications
- Bachelor's degree; preferred advanced background and coursework in mathematics, quantitative analysis, or statistical analysis
- Minimum of 4 years work experience in effective forecast and pricing
- Experience in development of demand unit forecasting and financial planning
- Must have experience in one or multiple forecasting and pricing BI software tools for capacity planning, data, reporting, and inventory
Skillset Requirement
- Advanced Excel and PowerPoint skillset and experience with complete Microsoft suite
- Advanced mathematical background in generative modeling, predictive modeling, capacity planning
- Comfortable in presenting analysis and reports to management
- Exceptional communication and listening skills
- Proactively provide business partners a quality experience through effective communication; listen to business partners' needs (vs wants) and take appropriate action
- Proven track record of problem solving, and analytical skills required
- Ability to travel up to 10% of the time