Pricing Analyst
IDEAL INDUSTRIES, INC · Sterling, MA · 2 wk ago
Marketing$76k–$103k/yrFull-time
Responsibilities
- Develop and recommend price structures, tactics, and product line pricing objectives for new and existing products.
- Leverage segmentation and value-based models to establish competitive, profit-maximizing pricing strategies.
- Create and maintain global price and margin guidelines, including book pricing, OEM volume break pricing, distributor volume pricing, and pricing bands.
- Support portfolio-level pricing strategy by identifying margin leakage, pricing inconsistencies, and whitespace opportunities across product families and channels.
- Analyze market insights, competitive benchmarks, and reference valuations to refine pricing strategies and support clear go-to-market recommendations.
- Audit and recommend adjustments to discount and column structures to align with market dynamics.
- Evaluate special pricing requests (SPRs) and requests for quotes (RFQs) for profitability and strategic fit.
- Partner with product management to analyze lifecycle adjustments, segmentation, cost inflation, and price changes.
- Conduct margin and pricing analyses to support business unit initiatives and uncover optimization opportunities.
- Operate within defined pricing authority levels, making recommendations and approvals as appropriate, with clear escalation paths to Product Management and executive leadership.
- Collaborate with product management, engineering, and sales teams to drive shared ownership of pricing excellence.
- Provide guidance and support to operational and agreement pricing teams for global product lines.
- Assist in developing tools and reports to improve pricing decisions and ensure compliance with pricing policies.
- Recommend and implement bi-annual price book adjustments and run optimization scenarios to refine published pricing.
- Apply continuous improvement principles to streamline pricing processes and financial analysis.
- Collaborate with plant finance and engineering to ensure the accuracy of standard costs.
Qualifications
- Bachelor’s degree in finance, Economics, Business, Data Analytics, or a related field.
- 5+ years of experience in pricing, product management, or finance, preferably in a manufacturing or distribution environment.
- Familiarity with global pricing strategies and advanced pricing tools/software.
- Advanced proficiency in Microsoft Excel, Power BI, Tableau and ERP systems.
- Strong analytical skills, with the ability to translate complex data into actionable insights.
- Experience with margin analysis, competitive benchmarking, and value-based pricing.
- Ability to influence and collaborate with cross-functional teams globally.
- Excellent presentation and communication skills for conveying findings to key stakeholders.
- Comfortable operating in a matrixed, global organization with multiple ERPs, regions, and customer segments.
Pay
The expected salary for this position is between $76,303.00 and $102,627.00. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience.
Benefits
- Medical, Dental & Vision Insurance
- Education Reimbursement
- Wellness Programs
- 401(k) with Company Match
- Cash Balance Pension Plan
About the Role
This is your chance to join a dynamic company that strives to provide a workplace where employees feel empowered, valued, stimulated, and connected to the business.