Pricing Analyst
1 month ago
We are looking to add a Pricing Analyst to our amazing team. If you have the required experience, this is an exceptional opportunity
Our goal at Seal Company is to provide superior service and custom-engineered solutions at great value. From hydraulic cylinder and u cup seals to rubber gaskets and beyond, we are committed to offering the products our customers need at competitive prices. With global shipping and best-in-industry custom products, businesses worldwide count on the Seal Company team every single day.
BASIC FUNCTION
Provide analysis of revenue, market share, capacity, and competitor activity to develop optimal pricing for geographies and market segments aligned with products and sales strategy.
DUTIES AND RESPONSIBILITIES
The primary duties and responsibilities of the Pricing Analyst consist of, but are not limited to:
- Conduct market research, assess data, and develop insights into market trends and pricing strategies.
- Maintain a database of current and historical pricing data to monitor and evaluate the effectiveness of pricing and guide pricing decisions.
- Establish and manage pricing based on multiple factors: customer tiers, product lines, market segments, quantity breaks, and other factors.
- Coordinate tools, reports, and communications for accurate pricing information responsive to market changes.
- Work with the Director of Sales to develop potential new markets for Seal Company products.
- Attending association meetings as directed by the Director of Sales.
- Attend all sales meetings and All Hands Meetings.
- Keep informed on competitors' selling policies, tactics, services, and prices.
- Help to develop and implement effective and efficient sales and marketing programs with the concurrence of the Director of Sales.
- Keep updated on the events in the industry and marketplace to take advantage of new changes.
- Ensure that all company transactions are conducted in an ethical and prudent manner.
- Maintain a well-groomed, professional appearance appropriate for the position and situation in which the Pricing Analyst may be involved.
- All other duties and tasks may be directed from time to time by the Director of Sales.
- Operate within the principles of character core and exceed oneself and others’ expectations through their actions.
- Maintain a good attitude and work well with other members of the Seal Company team (sales, production, purchasing, etc.)
- Design, develop, and analyze pricing and profitability models, charts, reports, and KPIs to strengthen pricing recommendations which drive bottom line results.
- Collaborate with Leadership team to drive price improvement.
- Develop and implement systems, processes, and tools to support pricing analytics and performance monitoring.
EDUCATION/EXPERIENCE REQUIREMENTS
Required – 5+ years of relevant experience. Prefer experience in Manufacturing/Industrial.
Preferred – College degree in business, sales or marketing and at least five years’ experience in Manufacturing/Industrial.
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