Market Analyst

The specialist will be responsible for market analysis which creates transparency in the procurement process and helps ensure that the company makes informed decisions based on accurate market intelligence, ultimately reducing the risk of corruption while optimizing costs.

Core Responsibilities

Price Verification and Validation

• Analyze vendor quotes against historical pricing data
• Verify that proposed prices align with current market conditions
• Identify and investigate pricing anomalies or unusually high quotes

Market Intelligence Gathering

• Monitor industry trends affecting material and equipment costs
• Track commodity price indices relevant to EPC projects
• Research supplier market conditions and competitive landscapes
• Collect pricing benchmarks from industry sources and databases

Analytical Reporting

• Generate regular market intelligence briefings for procurement teams
• Create dashboards showing price trends and market conditions
• Provide detailed analytical reports on specific procurement packages
• Prepare variance analyses explaining price differences

Anti-Corruption Functions

Collusion Detection

• Identify patterns that might indicate bid rigging or price fixing
• Compare bid prices across vendors to detect suspicious alignments
• Analyze historical bidding patterns from recurring suppliers

Price Verification for Control

• Serve as an independent check on prices accepted by procurement teams
• Flag unusually favorable terms that might indicate impropriety

Knowledge and Experience

• Understanding of marketing research principles and market analysis
• Experience working with suppliers and understanding procurement specifics
• Knowledge of the competitive environment and industry trends (construction or relevant sector)
• Experience in collecting and processing data from various sources (including primary and secondary research)
• Skills in conducting competitive analysis and supplier evaluation

Technical Skills

• Proficiency in data collection tools (surveys, interviews, online platforms)
• Strong Excel skills (pivot tables, formulas, charts)
• Experience working with databases and CRM systems
• Ability to use search engines and specialized databases for market analysis

Core Competencies

• Analytical thinking and critical approach to information
• Ability to organize large volumes of data and draw conclusions
• Attention to detail and accuracy
• Effective communication and presentation skills
• Ability to work under multitasking conditions and tight deadlines

Qualifications

• Higher education in marketing, economics, statistics, management, or related fields
• Additional courses and certifications in marketing research and analytics are a plus
• English proficiency (intermediate level or higher) for working with international information sources