Kerja Sepenuh Masa, Senior Pricing Analyst di Sunway Medical Centre Selangor - Maukerja

Job Purpose

• Support the development, review, and implementation of hospital pricing and costing strategies through financial analysis, business simulations, profitability assessments, and market benchmarking.
• Provide data driven insights and recommendations to optimise pricing, improve profitability, and support business decision making.
• Collaborate with cross functional stakeholders to evaluate new services, pricing initiatives, and business opportunities, ensuring alignment with the hospital's financial and business objectives.

Job Scope:

A) Pricing Strategies & Cost structure

• Conduct regular reviews and analyses of pricing strategies and cost structures to ensure financial sustainability and market competitiveness.
• Gather, validate, and analyse cost data to determine the cost of individual episodes of patient care and support service costing initiatives.
• Monitor and evaluate the financial performance of packages and recommend pricing revisions where necessary to improve profitability and competitiveness.
• Perform pricing analysis, market research, and competitor benchmarking to support strategic pricing decisions.
• Develop, review, and maintain pricing policies, guidelines, and Standard Operating Procedures (SOPs) to ensure consistency and governance in pricing practices.
• Support pricing reviews for new services, procedures, consumables, medications, and medical technologies.

B) Financial & Business Analysis

• Prepare business simulations and feasibility study for new services, equipment, and strategic initiatives.
• Evaluate the financial impact of pricing changes, discount schemes, and promotional packages.
• Analyse revenue, utilisation, profitability, and cost trends to identify risks, opportunities, and areas for optimisation.
• Conduct variance analysis against budgets and forecasts, identify key drivers, and recommend improvement initiatives.
• Prepare management reports, dashboards, and presentations to support strategic and operational decision making.
• Ensure the accuracy, integrity, and consistency of pricing, costing, and financial data.

C) Market Benchmarking

• Conduct competitor pricing and market analysis.
• Benchmark hospital charges and identify opportunities to improve pricing strategies.
• Monitor healthcare industry trends and latest pricing trends.

D) Master Data Management

• Review, verify, and maintain pricing and master data in the Hospital Information System to ensure accuracy, consistency, and data integrity.
• Work closely with various stakeholders to resolve master data issues and improve data quality.

E) Inventory Management/Analysis

• Analyse inventory costing, consumption, stock movement, and inventory variances to support cost optimisation.
• Participate in stock take exercises, inventory reconciliation, and audit requirements.
• Recommend initiatives to improve inventory management and minimise wastage.

F) Process Improvement and automation; System Implementation

• Recommend and participate in process improvement, automation, and digitalization initiatives to enhance operational efficiency.
• Identify opportunities to replace manual processes with automated reporting and Business Intelligence solutions.
• Support system implementation and enhancement projects, including business requirement gathering, UAT, data validation, and post-implementation reviews.
• Develop and maintain process documentation, system workflows, user guides, and SOPs.
• Perform risk assessments and strengthen internal controls relating to pricing, costing, and master data management.

G) Any other adhoc tasks assigned by management

Job Requirements:

• Bachelor's Degree in Mathematics, Statistics, Economics, Finance or equivalent. Preferably with certification of ICAEW/ACCA/CPA/MIA/CIMA or equivalents.
• Minimum 5 years of relevant working experience, preferably with experience in data analytic and pricing strategy.
• Skills: Strong knowledge of costing and pricing, good understanding of statistical and data visualization techniques, and advanced skills in Microsoft Excel including expertise in functions like Power Query.

Hiring process:

• Average processing is around 2 to 4 weeks.
• Subsequently, our recruitment team will reach out to shortlisted candidates for interview arrangements.