Business Analyst, StockX
Cross Border Trade
Streetwear marketplace
Job no longer available
Streetwear marketplace
1001+ employees
Job no longer available
1001+ employees
Company mission
To provide access to the world's most coveted items in the smartest way possible.
Role
Who you are
- Minimum of 2 years experience in roles related to customs & duties, revenue management, financial analysis, or business intelligence
- Possess necessary technical skills related to Excel, Google Sheets, SQL, Tableau
- Ability to complete rigorous analysis and then synthesize to executive level insights that provoke action to grow StockX
- Ability to work well cross functionally with analytical and non-analytical team members
- Knowledge of duties, taxes, and freight cost structures preferred
- Experience working in a cross border trade or e-commerce context preferred
- Bachelor’s degree in Statistics, Mathematics, Engineering or Business a plus
What the job involves
- Support our pricing strategy for shipping and cross border fees by maintaining a robust model for the costs associated with each lane: duties, taxes, and freight
- Work with the Compliance and Tax teams to ensure duties and taxes are being applied correctly to the correct import value per the letter of the law
- Locate anomalies in our duty and tax costs that can be taken up with carriers and rectified in a timely manner
- Complete analysis for regular dynamic pricing formula updates based on latest costs
- Forecast changes to lane mix based on pricing changes to allow Operations teams to staff authentication centers appropriately
- Work with Data Engineering to establish a clean pipeline of all carrier costs, including proper binning to duties vs. freight costs and special fees
- Improve routing of packages to optimize for total cost within a given trade lane and then optimize across lanes for optimal mix via dynamic pricing levers
- Develop strategies and requirements for Product & Engineering to more closely align our fees with costs, including predictive models that price based on costs in real time
- Research changes to business model that will reduce tax exposure for us or our users
Salary benchmarks
Our take
StockX pairs buyers with sellers and verifies products through its live bid-and-ask structure, funding itself by charging a transaction fee on each sale. In return it verifies each item sold on the platform for authenticity and condition, setting it aside from competitors in this space such as TheRealReal.
The company is now hoping to further distinguish itself by working directly with brands to release products through the platform, with a vision to letting its customers set the price for goods in the same way investors do for shares in the stock exchange.
Despite issues including allegations of counterfeiting from Nike and a general slowdown in the resale goods market over 2022, StockX has continued its rapid growth, doubling the number of buyers on its network to 12 million. While a global economic slowdown has caused it to give up on plans for an IPO in the near term, StockX is nonetheless planning to expand its product line and expand internationally in the near future.
Steph
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$60m
SERIES E
Dec 2020
$275m
SERIES E
Total funding: $495m
Company benefits
- We promote the physical and emotional health of our team members and their families. We offer generous health benefits packages to keep our team members happy and healthy
- Rest and recharge when you need it the most: In addition to a full holiday schedule, we offer generous paid time off for our team members
- Be present with your new family member: Through our parental leave benefit, new parents receive paid time off
- Invest in your future. Many of our team members can take part in our pension or 401k programs
- Unlimited paid time off policy
- Work from home opportunities
- Health insurance
Company HQ
Downtown Detroit, Detroit, MI
Leadership
Greg Schwartz
(Co-Founder & CEO)Worked at Deutsche Bank before founding Upto, a calendar software startup where he acted as CEO prior to founding StockX
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