Market Analyst

Marketing Torrance, California


Description

Position at Sumitomo Electric U.S.A., Inc.

    I. Purpose of Position   

    The purpose of this position is to provide our sales groups with the latest market facts and foreseeable trends, based on qualitative and quantitative market research and analysis. It aims to ensure our sales organizations are not only “up-to-date” but also strategically positioned for future opportunities and challenges in the dynamic business landscape.      

    II.  General Functions/Specific Responsibilities   

    Market Research   
    • Conduct comprehensive market research to identify industry trends, competitive landscapes, and potential opportunities.
    • Analyze data on market conditions, customer preferences, and economic trends to provide actionable insights.
    Competitor Analysis   
    • Monitor and analyze competitor activities, market share, and product positioning.
    • Provide regular updates on competitor strategies, strengths, and weaknesses to inform business strategy.
    Data Analysis   
    • Utilize statistical techniques and tools to analyze large datasets and extract meaningful conclusions.
    • Interpret and present data in a clear and concise manner, highlighting key trends and insights.
    Forecasting and Trend Analysis   
    • Develop and maintain forecasting models to predict market trends and demand for products or services.
    • Stay informed about industry developments and emerging trends that may impact the business.
    Customer Insights   
    • Collect and analyze customer feedback, surveys, and market intelligence to understand customer preferences and behavior.
    • Provide recommendations for improving products, services, and customer satisfaction.
    Strategic Planning Support   
    • Collaborate with cross-functional teams to provide data-driven insights for strategic planning and decision-making.
    • Assist in the development and evaluation of marketing, product, and business development strategies.
    Reporting   
    • Prepare and present regular reports on market analysis, including key findings, recommendations, and strategic implications.
    • Ensure timely and accurate communication of market insights to relevant stakeholders.
    Industry Monitoring   
    • Keep abreast of industry regulations, economic conditions, and global events that may impact the market.
    • Provide timely updates on relevant industry news and developments.
    Improve and strengthen business operations    
    • Develop and implement standard operating procedures (SOP) regarding market analysis

    III. Marginal Functions   

    None   

    IV.  Requirements  

    • Bachelor's degree in Business, Marketing, Economics, or a related field.
    • Proven experience as a Market Analyst or in a similar role.
    • Strong analytical skills with proficiency in data analysis/visualization tools. (Excel Analysis Toolpak, Tableau)
    • Strong understanding of the general manufacturing market/industry in the US.
    • Excellent knowledge of statistical concepts and research/analysis methodologies.
    • Excellent oral and written communication skills (Japansese skill is a plus)
    • Detail-oriented, and able to work independently or as part of a team.
    • Familiar with data-driven decision making.
    • Experience in dealing with Japanese manufacturers preferred.

    V.   Experience    

     3+ years in a similar role or equivalent experience.  

    VI. Position in Organization   

    Reports to Sales Planning Group Manager   

    Directly Supervises: 0 member(s)   

    Minimum Position Requirement:   
    •         Values: Integrity, Accountability, Teamwork
    •         Computer literacy in Microsoft Word, Excel and PowerPoint 
    •         National and International travel will be necessary. 
    •         Legal eligibility to work in the USA. 
    The base salary range for this position is $70,000 to $90,000 annually.   
    *This is a hybrid and an exempt position.   
       

    About Sumitomo Electric U.S.A., Inc.    

    Sumitomo Electric U.S.A., Inc. (SEUSA) serves North American customers in various industries, including electric power, data communications, automotive, electronics manufacturing, medical devices, and more. An overview of our diverse portfolio of products is provided on this site for reference.   

    SEUSA was established in 1971 as the first North American subsidiary of Sumitomo Electric Industries. Our early activities contributed to the development of other subsidiaries, and today we are a part of a regional network of more than 40 companies affiliated with the Sumitomo Electric Group. SEUSA’s main offices are located in the Los Angeles metropolitan area and Silicon Valley. Please visit for more info: https://global-sei.com/usa/seusa/.    

    SEUSA is an Equal Opportunity employer and will consider all qualified applicants for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, national origin, disability, age, genetics, protected veteran status, or any other characteristic protected by law. 

    About Sumitomo Electric Group
       

    Sumitomo Electric Industries, Ltd. is a recognized global technology leader with over 280,000 employees working at around 400 group companies in 40 countries. Building on more than 120 years of innovation, today Sumitomo Electric is engaged in diversified business activities that support people’s daily lives and industries in five business segments: automotive, infocommunications, electronics, environment & energy, and industrial materials.  To learn more about Sumitomo Electric, please visit https://sumitomoelectric.com. You can watch videos from our past interns and corporate profile from our YouTube Channel (https://www.youtube.com/user/SumitomoElectric/). Follow us on LinkedIn (https://www.linkedin.com/company/sumitomo-electric).