Company Overview
Sleep Number team members are part of a passionate, purpose-driven culture that supports improving the health and wellbeing of society through higher quality sleep. We are not just focused on our customers, however; being employed by Sleep Number means your personal wellbeing is important, too. As we continue to grow, we are looking for team members who will bring their unique personalities, backgrounds, and skills to work. Whether you are entering, returning, or experienced in the workforce, we have a place for you.
In our 35+ years in the industry we have improved over 14 million lives, and we are just getting started. With 5,000+ team members nationwide supporting work disciplines from technology to manufacturing, retail stores to field services technicians, corporate teams to customer service, we are a sleep innovation leader because of our team members. Now is a great time to join us as we invest further in our people and sleep innovation. #TeamSleepNumber
Position Purpose
The Sr. Analyst of Promotions and Pricing will analyze large datasets to uncover trends, partnering with data science teams to leverage advanced statistical models for estimating price elasticity, collaborating with team to integrate insights into business strategies, and ensuring the accuracy of elasticity models through data validation. Additionally, this role will support promotional analytics using available analytical tools, communicate findings and recommendations to all stakeholders effectively, and interpret analytics outputs for actionable insights.
Primary Responsibilities
- Analyzing and interpreting large datasets to identify trends and patterns related to promotional effectiveness and elasticity of demand.
- Leverage advanced statistical models to estimate price elasticity and other key metrics and provide input to data science teams evolve capabilities and improve model predictability.
- Partner with data science team to evolve modeling based on business needs and provide data validation and quality assurance support to ensure the accuracy and reliability of promotional elasticity models.
- Collaborate with cross functional teams to integrate promotion analytics & elasticity insights into business strategies and decision-making processes.
- Communicate complex technical concepts and findings to non-technical stakeholders in a clear and concise manner.
- Support stakeholders by interpreting analytics outputs to draw actionable conclusions.
- Manage test & scale analytical practice through sophisticated test design & setup and analysis & evaluation to improve experimentation capabilities.
- Manage promotions & pricing analytics capabilities and continue to evolve the tools and methodologies to create a best-in-class promotional measurement & evaluation practice.
- Stay current on industry trends and best practices in promotional measurement techniques, elasticity modeling, econometrics, and demand forecasting to continuously improve promotional measurement capabilities.
Position Requirements
- Bachelor's or Master's degree in quantitative or business field, such as statistics, math computer science, economics, data science, or marketing
- 6+ years of experience in data analysis, advanced analytics, data science, or with preferred experience within promotions & pricing analytics
- Proficient in Excel, PowerBI, and other reporting tools, as applicable
- Technical skillsets in SQL, Python, Databricks, Azure, Synapse, or SAS preferred.
- Experience leveraging machine learning and predictive models to drive business outcomes & objectives.
- Experience managing and growing an analytics capability/program, with experience doing so within promotions and pricing preferred.
- Experience with Marketing, Media, & Ad measurement through econometrics and Marketing Mix Modeling preferred.
Knowledge, Skills & Abilities
- Robust understanding of retail business operations, promotion strategies, and consumer behavior
- Proactive approach to identifying and addressing business challenges using data-driven methodologies.
- Strong verbal and written communication skills
- Experience within Retail industry a plus
Working Conditions
- Limited travel as required by business needs
- This role is Hybrid offering a balance of remote work with the opportunity to collaborate on-site at Sleep Number's Headquarters in Minneapolis, Minnesota.
Wellbeing
Our company's purpose is to improve the health and wellbeing of society.
Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.
By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.
Examples of how we invest in your wellbeing:
- Sleep - Our 360® smart bed for team members, and discounts on our innovations and sleep solutions for yourself and friends and family throughout the year.
- Physical - Wide range of wellbeing resources and services through our medical plans to improve your physical health.
- Emotional - Access to mental health resources, caregiving support, paid time off and parental leave to support your emotional wellbeing. Work for your day flexibility, available for select corporate roles.
- Financial - Competitive base and variable pay programs, ability to save for the future through a matched 401(k) plan and financial support to recover from an illness or injury.
- Community - Paid time off for volunteering and connections to our communities through our Diversity, Equity & Inclusion initiatives, and support for charitable causes.
- Career - Opportunities for career development and continuous learning, including a tuition reimbursem*nt program.
Safety
Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor's Occupational Health & Safety Administration (OSHA), and state/local laws.
EEO Statement
Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.
Americans with Disabilities Act (ADA)
It is Sleep Number's policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.
