Revenue Management Analyst

Job Details

Hours: 37.5 per week, Monday to Friday

Location: Hybrid remote working with 3 days in our VHQ Crawley, West Sussex

Contract: Permanent

Closing Date: Tuesday, 17th December 2024

In a nutshell

At Virgin Atlantic, we believe that everyone can take on the world, and it's our vision to become the most loved travel company. As we embark on the next exciting stage of our journey beyond our 40th anniversary, we're harnessing our spirit of entrepreneurship and innovation to challenge the status quo. So, if you're ready to take your career to new heights, read on.

In the role of Revenue Management Analyst, you'll deliver and implement Virgin Atlantic Airway's (VAA's) worldwide Inventory Management strategies through rigorous, constant evaluation and analysis of VAA's Inventory strategies and competitive positioning, in line with our network and strategic objectives.

You'll deliver effective Inventory Management in an efficient, accurate and timely manner, in support of the department's Inventory Management & Pricing strategies.

Day to day

• Responsible for the delivery and implementation of VAA's revenue generation through strategic, insightful and informed revenue plans.
• Through scientific and forensic knowledge of the market and continual evaluation of the competitive landscape, make recommendations to the Manager - Revenue Management Inventory as to strategies to facilitate the delivery of VAA's Network revenue optimisation and strategy.
• Deliver proactive and reactive Inventory Management initiatives in a timely and accurate manner.
• Perform KPI maintenance and analysis on a regular basis.
• Utilize O&D business rules to improve VAA's revenue performance with constant review of effectiveness.
• Utilize Demand influences rules to reflect market conditions and ensure demand forecast accuracy.
• Accountable for the analysis, creation and implementation of revenue plans to support the strategic objectives of VAA and its network revenue generation.
• Constantly review effectiveness of Inventory strategies and system parameters, ensuring best practice.
• Responsible for optimising Revenue Management KPIs to maximise VAA's passenger network revenue.
• Test demand elasticity to optimize revenue through strategic Inventory Management.
• Analyse and recommend point of sale, O&D and segment Inventory strategies to maximise Network Revenue Optimization.
• Utilising analytics tools, minimise low/high yield spill and spoil, optimise forecast accuracy and set overbooking strategies and other key performance metrics.

• Ability to use organisational skills to prioritise and multi-task.
• Commercial acumen with the ability to take accountability and ownership of area of responsibility.
• Demonstrated experience in delivering analysis accurately to a high standard and working to deadlines in a fast-paced, dynamic environment.
• Creative problem solver.
• Good interpersonal and communication skills with the ability to present in a structured manner.
• Educated to degree level in business, analytics, economics, engineering, math, aviation or experience in a related field.
• Practical working experience with Microsoft Office products, including the ability to use Excel to an advanced level.
• Well-developed numerical and analytical skills.
• Proven experience in communicating complex messages to a variety of audiences.
• Demonstrated experience in driving efficiency through process improvement.