Pricing Specialist
Nexeo Plastics · The Woodlands, TX · 2 wk ago
MarketingFull-time
Basic Purpose
The Pricing Specialist plays a central role at Nexeo Plastics by supporting Product Line Management through the delivery of actionable cost and sell-price insights to commercial leaders. These insights help optimize profitability and ensure effective execution of the business plan.
Position Responsibilities
- Build strong partnerships with commercial leaders to support pricing effectiveness and profitability improvement.
- Lead monthly calls to review pricing health, identify key issues, and establish actionable follow-up items.
- Provide predictive profitability analysis for existing customer pricing and help resolve pricing issues prior to the sale.
- Research and improve visibility into product costs to help identify solutions and support informed decision-making.
- Identify profitability opportunities through revenue summary analysis; track and measure results, report progress to the Pricing Manager, and help drive accountability across departments that impact margin.
- Manage margin and profitability opportunities through to root cause resolution.
- Partner with Product Line Management and Accounting on negative margin reviews and exception reporting.
- Conduct in-depth reviews of product cost, price supports, freight charges, and customer pricing.
- Analyze cost accuracy and opportunities to maximize special and contract pricing, while helping optimize buy strategy and supply plans.
- Propose changes to buy strategy, price support strategy, and sell prices to improve profitability.
- Manage issue resolution for the commercial team from start to finish, ensuring timely follow-up and closure.
- Support efforts to reduce monthly negative margin line items.
- Complete root cause analysis tracking and provide timely resolution to pricing-related issues.
- Help reduce overall POD rates through process improvement, pricing accuracy, and cross-functional coordination.
Minimum Requirements (Education, Experience & Skills)
- Bachelor’s degree required. A combination of education and experience will be considered.
- Experience in Purchasing, Accounting or Customer Service in a distribution environment desired.
- Excellent written and oral communication skills.
- Proficient with MS Outlook, Word, Excel, Outlook, and PowerPoint.
- Experience with Business Warehouse and SAP is desired
- Demonstrated ability to manage time, organize and set priorities to meet deadlines.
- Strong analytical skills
- Must have proven success in problem-solving with cross-functional teams and various departments
- Commitment to and proponent of the Company’s core values