Seafreight Pricing Analyst
1 month ago
SUMMARY
The Sea Pricing Analyst will be an essential part of a central pricing team covering the entire North America Region. The Analyst will collaborate with the Sea Freight organization, Sales Department, and utilize knowledge of the U.S. market to provide pricing for ocean export and import shipments (RFQs and spot quotes).
ESSENTIAL DUTIES AND RESPONSIBILITIES
Manages accurate and timely Seafreight (SF) rate quotes for customers based on input from Trade Lane Management (TLM) and Local Product Management in standardized, FMC compliant format to Account Managers and customers
Ensure compliance with minimum requirements for quotes to be provided (qualifying questions)
Administers TLM rate input into country response for regional tenders, confirm final rate submission to client matches intended TLM rate levels, validity, and minimum volume commitment requirement
Coordinate alignment on margins between Product Managers (trucking, drayage, and handling fees) on large volume clients or non-standard opportunities
Provide support to management during the pre-tender process, starting from evaluating tenders, assessing risk factors
Secure cost analysis (based on customer’s scope of service requirements and their impact on operational complexity and related workload) to ensure a well-defined scope of services is included in bid response
Close collaboration with overseas offices and global network partner to secure local charges
Consult with product leadership and Product Teams to agree on client-facing pricing for non-standard services (including side conditions, credit, etc.)
Liaise with TLM / LCL Manager/ Account Manager to align and ensure correct service, transit time, rate validity, and volume/capacity – including minimum volume award - required for submitted rates are clearly specified in bid responses to customers
Identify opportunities for new business and expanding existing customer relationships on re-occurring spot quote requests
Negotiate with local Ocean Carrier on non-standard spot requests in alignment with TLM
Adjust quoting parameters in conjunction with product leaders to maintain appropriate win ratios, yield levels, and efficiencies
Establish and maintain KPIs to measure quoting effectiveness and efficiency for customers
Support execution of global, regional, and TLM commercial strategies and carrier policies including steering client SF volumes to preferred carriers
Publish RFQ information, including carrier, contract numbers, routing information, and buy-sell overview and scope of services to Implementation Teams, Sea Freight Product, and Account Management prior to movement of first shipment based on input received and gathered from TLM and Product Managers
Maintain record log of rate expiration dates for existing customers and initiate rate updates
Analyze financials and success ratio for RFQs
Support continuous improvement of US Sea Pricing Desk processes and quality standards, e.g., development of post-tender process
Offer submission on bid platforms (e.g., GT Nexus, TiContract, Ariba, Jaegger, etc.)
Participate in customer meetings as a subject matter expert for Sea Product
Perform other duties as assigned
SUPERVISORY RESPONSIBILITIES
Not applicable
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION AND EXPERIENCE
Bachelor’s degree or equivalent combination of education and experience
Minimum of 3 years of experience in international sea freight (FCL and LCL) pricing and/or operations experience with export and import knowledge
High Customer Service focus and strong communication skills
Significant pricing experience: Pricing of multi-lane/national RFQ, cost optimization, experience with rate quotations to customers and overseas offices
US Export, Import regulatory knowledge
Understanding of the US trucking market, drayage, and intermodal pricing
Knowledge of market pricing levels for USA import/export shipments
Basic knowledge of dangerous goods, hazmat certified a plus
Knowledge of various container types and weight limitations
Understanding of ocean carrier contracts, rail ramps used by ocean carriers, US drayage, chassis management, and handling fees
Ability to build consensus and secure agreement regarding total margin from various parties contributing components of sea freight rates
Competence in interpreting bunker formulas
Ability to effectively prioritize tasks and manage workload to meet internal and external deadlines
Possess strong relationships with ocean carriers and vendors
Knowledge of FMC rules and regulations
LANGUAGE SKILLS
English: fluent (speaking, reading, writing)
MATHEMATICAL SKILLS
Ability to apply concepts of basic accounting and calculate figures and amounts such as freight rates, discounts, interest, commissions, proportions, and percentages
REASONING ABILITY
Ability to apply common sense understanding to carry out detailed written and oral instructions. Competency to effectively interpret information, present information, and respond to all inquiries
ATTRIBUTES
Strong analytical skills
Solid communication and organizational skills
Must be self-motivated and proactive
Must be able to work well with others
Able to recognize trends & recommend price adjustments accordingly
Multitask oriented and able to work in a fast-paced environment
Confidence to make decisions, influence across reporting lines
Ability to analyze scope of service and determine corresponding operational costs
Proficient in world geography, export documentation, and Incoterms
COMPUTER SKILLS
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint), Lotus Notes (Email), and Internet
PHYSICAL DEMANDS
While performing the duties of this job, the employee is:
Frequently required to stand and walk
Regularly required to sit, use hands, handle, feel, see, and talk or hear
Occasionally required to reach with hand and arms
Specific vision abilities required by this job include close vision
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
WORK ENVIRONMENT
The work environment characteristics are similar to those of an office setting with various office equipment.
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