Product Analyst Job Description Template
The Product Analyst is responsible for conducting analysis on product performance and customer satisfaction. They work closely with the product team to identify areas of improvement and recommend changes to the product. They also develop metrics to track progress and report on results.
Product Analyst Job Responsibilities
- Conduct market research and analysis to identify opportunities and trends in the product marketplace
- Develop product requirements and specifications based on market research and analysis, input from stakeholders, and an understanding of the company’s business goals
- Work with engineering teams to ensure that products are designed and developed to meet customer needs and expectations
- Create documentation for new products, including user manuals, installation guides, etc.
- Serve as a liaison between customers, sales teams, and other stakeholders to ensure that feedback is collected and addressed in a timely manner
- Manage beta testing programs for new products, collect feedback from participants, and report results to stakeholders
- Monitor competitor activity and keep abreast of industry trends to identify potential threats or opportunities
Objectives
- Understand the needs of the customer and develop products that meet those needs
- Work with other departments to ensure that the product meets all company objectives
- Conduct market research to determine what features the product should have
- Develop a pricing strategy for the product
- Manage the product development process from start to finish
- coordinate with marketing, sales, and other departments to ensure successful launch and rollout of new products
- Monitor postlaunch performance of products and make necessary adjustments
Product Analyst Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of Product Analyst are:
- Bachelor's degree in business, economics, mathematics, or a related field.
- 2-4 years of experience in product management, marketing research, data analysis, or a related field.
- Excellent analytical and problem solving skills.
- Strong quantitative skills.
- Experience with statistical software packages (e.g., R, SAS, SPSS).
- Excellent communication and presentation skills.