Payments Pricing - Merchant Services Associate

The J.P. Morgan Payments Pricing is responsible for analysis used to drive strategic pricing decisions and the development of tools used to execute or augment pricing activity in the business. With broad scope covering statistical analysis and recommendation-based problem solving, as well as design, development, maintenance, and governance of pricing tools used by our sales teams and thus making an impact on business.

Job Summary :

As an Associate within the Payments Pricing team, you will be supporting the Merchant Services Pricing Team. You will be responsible for taking Pricing decisions from initial conception through to execution, creating meaningful insights serves the Chase Merchant Services (CMS) business in producing the pricing calculations/recommendations for North American and Global Platform Cases, streamlining the pricing process, performing ad-hoc analysis on the attrition and growth curves, help in pricing benchmarking, integration/implementation of new strategies, and preparing reports which might be relevant and provide insight and decision support to the business and the leadership teams

Job responsibilities

• Support Merchant Services pricing initiatives, such as recurring reprices, client maintenance, data modelling, document and batch file management, client and employee communications, as well as ad-hoc special projects and requests as needed
• Assessing of current and front-book pricing with recommendations for back-book price adjustments and suggested front-book pricing approval thresholds
• Use and query data from disparate sources and work cross functionally to develop pricing strategies to improve revenue for the J.P. Morgan Payments business
• Develop and recommend new or modified pricing constructs going to market
• Work on complex financial models for new and existing pricing strategies
• Analyzing ad hoc as required including financial modelling, support of customer requests and customer profitability
• Manage the work and priorities with the team in an independent manner with good work ethics.

Required qualifications, capabilities and skills:

• Minimum of 5 years’ of work experience with MNCs/Payments Industry
• Intermediate Excel, VBA Macros, SQL, Alteryx, and working knowledge of financial modelling
• Logical and Analytical approach to data analysis, keen eye to identify trends/patterns and experience in deep diving to determine root cause and propose solutions
• Capability to navigate multiple data sets and synthesize into cohesive presentation and recommendations.
• Ability to work on multiple projects simultaneously and self-manage deadlines and deliverables, clearly articulating progress and milestones
• Build and maintain strong relationships with key business stakeholders: firm-wide, functional Finance and lines of business teams to ensure the timely, accurate and effective delivery of recurring and ad-hoc initiatives
• Excellent skills and articulation on all mode - written, verbal and present to senior management

Preferred qualifications, capabilities and skills

• Degree in Mathematics/Statistics/Finance/Business – MBA preferred
• Desire to learn quickly, be flexible and think strategically
• Team oriented, inquisitive, critical thinker who anticipates questions from internal clients and management
• Previous experience with analysis/strategy with fact based writing skills along with storytelling and presentation skills in a concise and confident manner
• SharePoint experience will be preferred