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Pricing Analyst

3 months ago

Grand Rapids, United States Dover Precision Components Full time

Pricing Analyst

**Location**:
Grand Rapids, MI, US, 49503

We thrive on winning and being number one; and are always looking to add the best and brightest to our talented team of professionals. PSG offers a of the both small company atmosphere: with an ownership mindset that allows you to make close-to-the-customer decisions; an innovative approach in seeing beyond what is possible today and entrepreneurial spirit in the pursuit of new opportunities; combined with benefits of a large company’s scale, tools, expertise, and financial strength with Dover. Join PSG, a growing global company where your curiosity, hard work and ambition is rewarded with exceptional career opportunities in a friendly & fast paced environment.

PSG is part of the Pumps and Process Solutions segment of the Dover Corporation® (NYSE: DOV). Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible.

**Position Summary**:
PSG is looking for a Pricing Analyst to increase our competitiveness and profitability around product pricing. In this role, you will support our pricing strategy and provide analysis and insight to executive & site leadership. This includes working with site leadership to develop and implement pricing framework & policies, and pricing/profitability/competitor analyses.

**Essential Duties and Responsibilities**:

- Collaborate and assist in the delivery of consistent & clear pricing policies, and operating processes & tools to guide price setting & price management for PSG.
- Assist in the development and maintenance of PSG’s pricing strategy, on such topics as our annual price increase, new product launches & new market entries, price setting (List Prices, targets), price execution (contract pricing and special discount pricing evaluation), and price analytics.
- Follow up timely and provide effective data to help develop & execute PSG’s pricing strategy.
- Utilize market insights from marketing & sales teams to generate monthly reviews around pricing, and perform analyses on customer price sensitivity and elasticity to identify opportunities to optimize pricing to increase profitability.
- Assist in the creation of standardized special pricing request process, working with digital teams to automate requests, approvals, and reporting.
- Develop metrics and reporting to measure the effectiveness of price changes and policies.
- Manage various pricing & sales related tasks and projects.
- Analyze data to identify gaps/opportunities in PSG’s pricing strategy.

**Qualifications / Requirements**:

- Bachelor’s degree required
- 2+ years of work experience in analytical roles (sales, marketing, pricing is a plus)
- Proficient in Excel and PowerPoint
- Ability to work independently, usually within a complex and often ambiguous environment, to build rigorous, fact-bases that support recommendations to senior management
- Excellent analytical, organizational, and problem resolution skills. Robust research and data synthesis skills (knows how to translate data into insights and actions).
- Strong written and verbal communication, and interpersonal skills.

**Desired Characteristics**:

- High energy, results oriented, persistent, customer focused and highly ethical. An “A Player” who aims to exceed expectations. A self-starter and self-directed, has a high degree of agency and is very conformable operating in an undefined problem space.
- Smart risk taker; know when to make bold decisions or recommendations.
- Highly detail oriented with strong organizational and communication skills.
- Clear, concise and articulate communication skills - verbal, written and listening.

Work Arrangement : Onsite

Salary Range:

All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.

Job Function : Sales; Marketing

**Benefits**:

- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Employee discount
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Vision insurance

Schedule:

- 8 hour shift

Work Location: In person