Pricing Analyst

This position reports directly to the **Operations Manager**.

As a **_Pricing Analyst_**, your role will encompass a range of critical responsibilities. You will be tasked with developing, evaluating, and implementing pricing strategies that are comprehensive and finely tuned. This involves utilizing a variety of inputs such as manufacturing and engineering labor estimates, actual costs incurred to date, supplier quotes, historical purchase order data, and an understanding of competitive market dynamics. Your role will extend to aligning pricing strategies with the requirements of Requests for Proposals (RFPs), ensuring adherence to company policies, and ultimately supporting corporate business objectives. Your analyses and decisions will impact pricing across all product categories, including Engineered Solutions, Distribution Stock, Services, and Manufactured Stock sales. Your expertise and attention to detail will be essential in driving pricing decisions that are not only competitive but also strategically aligned with the overarching goals of the organization.

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REQUIREMENTS & CONDITIONS_**

**_ Education: _**Associate degree in Finance, Accounting, Business or other Financial related discipline. Experience may be accepted in leu of education requirements.

**_ Experience: _**2+ years’ experience in Business Related field

**_ Preferred experience:_**
- Previous experience as a Maintaining Data in an MRP System
- Previous experience calculating cost and developing pricing.
- Knowledge of procurement process and landed cost.
- Basic knowledge of manufacturing or assembly processes
- Strong knowledge and experience building and maintaining reports in Microsoft Excel
- Ability to work in a team environment.

**_ Skills, Knowledge, Abilities: _**

The Pricing analysis must have the ability to extract detailed data from multiple systems, individual contributors and basic business knowledge to help develop pricing strategies and support daily operations through the maintenance of price structures for the organization. The Pricing Analyst must be an independent thinker who is willing to work within the bounds as determined by the Executive Team and possess the fortitude to maintain both role and personal integrity regardless of business climate or external pressures.

**_ Character Traits: _**
- Flexible
- Team Player
- Looks out for the good of the company.
- Serves the customer above all else
- Hard worker
- Takes ownership.
- Dependable, high integrity.
- Strong interpersonal communication skills (both written and oral)
- Organized and able to handle multiple assignments with strict deadlines.

**_Physical Requirements: _**Standing, sitting, climbing, walking, crouching, stooping, twisting, and bending.

**_ Working Conditions/Environment:_** Ninety (90%) of work will be performed in a climate-controlled office setting and 10% will be performed in a shop environment (no central heat or air condition in the shop)

**_ RESPONSIBILITIES AND JOB DUTIES_**

**_ Responsibilities: _**
- In-depth review of the supplier’s supporting data for each of the cost elements that make up the proposed price, assessing cost or pricing data.
- Approve customer SPA based on parameters set forth by Leadership.
- Develop SPA for specific customers as outlined in procedure.
- Develop and maintain an active price list.
- Develop pricing for all new products.
- Support and maintain all pricing and cost data within the MRP.
- Conducts fact finding to gain a thorough understanding of cost proposals as well as collect and review supporting data.
- Assists with the development of negotiation positions and pricing objectives.
- Additional duties as assigned by the manager.

**_Administrative/General: _**
- Price List development and maintenance
- MRP data maintenance and management
- Collect data and submit request for the approval of Special Pricing Agreements
- Collect data and submit request for pricing structures that deviate from company’s documented model.
- Establish and maintain a communicative, coordinated, and cooperative relationship with Sales, Purchasing, Operations and Accounting
- Develop Pricing Procedure with support of all major company departments.
- Maintain pricing model and matrices.