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Pricing Analyst

3 months ago

Phoenix, United States Precision Science Full time

SUMMARY OF POSITION:
The Pricing Analyst is responsible for creating and updating pricing models, margin and general financial analysis. This includes price/product optimization, pricing strategies, and management reporting. The Pricing Coordinator’s primary responsibility is to establish and maintain product pricing that will meet both volume and profit objectives. They will manage larger scale analytical projects associated with product line performance, customer pricing/impact analysis, and competitive bids. They will utilize technology and information to formulate price quotations for a given market in a responsive and competitive manner. They will work closely with leadership, account managers and procurement in developing and executing pricing strategy. In addition, the Pricing Coordinator will analyze/assess the performance of our pricing strategy and recommend actions to meet and exceed financial goals.

KEY DUTIES OF RESPONSIBILITIES:

- Provide support in all pricing activities related to; customer requests for quotation, pricing proposals, and costing system analysis ensuring profitability.
- Works to develop, plan and recommend pricing actions that drive profit margin for the company.
- Create and maintain price sheets while working closely with procurement and the account management team
- Provides analytics and reporting that measures profitability of products that support pricing strategy analyses and decision making.
- Maintains an expert-level knowledge of all company’s pricing methodologies, external market forces, and internal factors which influence pricing.
- Analyze pricing inputs such as vendor costs, operational costs and/or actuals to determine appropriate pricing based on pricing guidelines and internal/external factors.
- Communicate with internal departments to resolve issues concerning cost.
- Analyze products and establish total cost and adjust pricing as appropriate to ensure margins are maintained.
- Provide expert-level guidance in resolving complex pricing tasks.
- Maintain customer pricing database and communicate customer pricing changes to Account Management
- Responsible for working with other company functions to learn and gain expert knowledge on the product offerings.
- Assists in the development of pricing strategy with the Account Management team.
- Recommends and enforces pricing policies and strategies to maintain or improve competitive position and/or profitability.
- Perform detailed analysis of product and competitive data to optimize regular prices for merchandising categories. Track and measure margin performance (sales, margin, cost, freight, equipment, etc.)
- Develops strategic recommendations by working with business units to analyze and understand all necessary data, including internal sales data, market trends, competitive landscape and current prices.
- Have a thorough knowledge of the product line, sales process, delivery capabilities, and operational methods.
- Demonstrates knowledge of market and competition; Aligns pricing with strategic goals.

COMMUNIATION SKILLS:

- Must have strong interpersonal, oral, and written communication skills. Be able to communicate on all levels within an organization
- Responsive to the needs of internal and external customers with sense of urgency and commitment to follow up.
- Ability to effectively present information and respond to questions from internal and external customers.

EDUCATION/ESSENTIAL ABILITIES:

- Bachelor’s degree required or equivalent work experience.
- Two to four years procurement or operational experience in manufacturing of consumables with an emphasis on data analysis, accompanied by an understanding of supply chain, manufacturing life cycles, and sales processes preferred.
- Have strong computer skills and be proficient in MS Word, Access, and specifically Excel.
- **Advanced excel skills required.**:

- Willingness to learn and work closely with others to understand the organization.
- Ability to work flexible hours to meet project deadlines and to manage tight timelines as required.
- Must have strong mathematical and analytical skills.
- Must have a strong work ethic and drive to achieve established goals and deadlines, with a desire for, and commitment to learning and growth
- Analytical and detail oriented with strong problem-solving skills.
- Experience in pricing optimization/modeling.
- Experience in financial and business analysis including sales & margin.
- Ability to think proactively and manage time effectively. Ability to prioritize workload and meet deadlines with minimum supervision.
- Self-motivated and able to contribute individually as well as part of a team.

The above statements are intended to describe the general nature and level of work being performed by employees in this position. This is not intended to be an exhaustive list of all responsibilities.

Precision Science is An Equal Opportunity Employer. All qualified applicants will receive consideration