Financial Pricing Analyst
5 days ago
LOCATION: Onsite- Westfield, IN
RESPONSIBLITIES:
- Support the Pricing Manager with the pricing segmentation, modeling, and reporting functions
- Develop, maintain, and communicate a financial pricing model used to understand cost impacts on customers, product families and part numbers.
- Work with product management, sales, and engineering on constantly reviewing and adding or merging segmentation levels.
- Develop, maintain, and communicate a pricing model based on customer and product attributes as well as the speed, velocity, volume, and contribution margin.
- Provide ad hoc cost and price analysis for quotes and other requests.
- Provide ad hoc sales and margin reports as well as a standard segmentation analysis to support day to day pricing process or lap reviews.
- Support as need the price and volume variance to the budget on a monthly cadence. Provide analytical support for significant variances.
- Champion and manage price/cost walks used in customer negotiations.
- Manage the development and maintenance of PowerBI that track sales and margin by product attributes.
- Champion quarterly Top 10 Customer Pricing / Cost Reviews
- Champion the cost, price, quote process (CPQ).
- Project manage each CPQ that is assigned to you.
- Schedule and manage pricing meetings at appropriate step in quoting/CR workflow with sales and product management to determine price.
- Work with operations departments to gather costs inputs for each quote
- Provide cost and price analysis for quotes based on financial and pricing models.
- Provide recommendations for adjustments based on segmentation, PPV and other drivers as needed.
- Attend and provide feedback in quote alignment meetings with plant and executive management when needed.
- Ensure quote deliverables are met on time.
- Monitor, Analysis and Escalate Cost Impacts
- Work with supply chain, finance, and PC&L on pending PPV and as well as significant recently implemented cost increases to determine customer and product impact.
- Provide monthly margin erosion analysis to sales and product management.
- Work with finance and sales to track price / cost recovery for RMAs and LTAs
- Obtain applicable commodity index prices and determine the raw material adjustment amounts for the relevant timeframe.
- Support as needed the RMA price list accurately reflect the raw material adjustment amounts. Submit the updated price list to the sales and pricing administration teams ahead of time.
- Track financial cost buckets (frozen/standard vs. current, SCORE/VAVE, PPV, etc…)
- Develop tools, models and internal relationships for day-to-day cost inputs that reduce the burden on internal teams.
QUALIFICATIONS:
Required skills and qualifications
- Project coordination or management experience
- Experience in coordinating teams
- Proven success in a corporate setting, working with all levels of management
- Strong written, verbal, and presentation skills
- Ability to model large data sets
- Excellent analytical skills
- Bachelor’s degree in a related field with relevant finance experience
Preferred skills and qualifications
- Experience working in an Agile environment or on a Scrum team
- Professional certification such as CAPM (Certified Associate in Project Management) or CSM (Certified Scrum Master)
BENEFITS:
- Team Member Ownership/ESOP
- Healthcare, vision, dental options
- Company paid Short and Long Term Disability
- Ten (10) paid holidays
- Onsite Health and Wellness Center
- Onsite Gym
- Generous Paid Time Off
- Bonus Opportunities
- 401k
- Tuition Assistance
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