Pricing Analyst I

Position Summary

The Pricing Analyst I is an entry-level pricing role with primary duties involving proactively analyzing and making recommendations considering customer value-based marketing, competitive markets, and company costs affecting the business plans and profitability across the division, incorporating program aspects to support decision-making processes that will impact our long-term future.

Essential Functions

• Design and implement continuous improvement techniques and methods to internal processes and systems to eliminate waste and improve processes.
• Works with other functions in design and implementation of systems and reporting improvements for measuring and monitoring pricing effectiveness and efficiency.
• Assist in analyzing product markets by determining the ceiling and floor prices of products.
• Evaluate cause and effect with pricing, volume, cost, competition, distribution, and segmentation. Recommend appropriate levels.
• Monitor and keep divisions focused on corporate strategic pricing initiatives.
• Create and reinforce continuous feedback vehicles to encourage successful pricing models.
• Implement tools to use by product managers and field sales.
• Aid divisions in determining appropriate list prices, standard discounts and rebates and managing any restructuring, updating, communication and publication of price increases.
• Analyze the exception pricing process by recommending guidelines, authority levels and maintaining a disciplined and structured approach to exception pricing.
• Provide management with reports which allow management to effectively respond to changing economic conditions and market changes.
• Perform ongoing measurements and report on pricing effectiveness.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Engineering, Data Analytics, or a related field.
• Pricing experience including internships, co-ops, or entry-level roles.
• Strong analytical and quantitative skills.
• Excellent PC skills with proficiency in Microsoft Excel and Access.
• Excellent written, verbal and presentation skills.
• Project management skills with sales/marketing experience a plus.
• General understanding of manufacturing processes, practices, and cost accounting.
• Must be able to maintain customer confidence and protect operations by keeping pricing information confidential.