Senior Pricing Analyst

3 weeks ago

Roselle, Illinois, United States Michael Page Full time

Pricing Strategy Expert

Michael Page is seeking a Pricing Strategy Expert to support the Sales and Operations Teams of a multi-million dollar manufacturer located in the Roselle, IL area. The ideal candidate will play a critical role in developing and implementing pricing strategies to maximize profitability and market share.

Key Responsibilities:

  • Develop and implement pricing strategies for products and services across various market segments.
  • Collaborate with the sales and marketing teams to understand market positioning and competitive pricing.
  • Monitor and adjust pricing strategies based on market dynamics and business objectives.
  • Perform detailed cost, margin, and price sensitivity analysis to support pricing decisions.
  • Conduct competitive market analysis and benchmarking to identify trends and pricing opportunities.
  • Prepare and present pricing reports and recommendations to senior leadership.
  • Analyze profitability by customer, product line, and channel to identify areas for improvement.
  • Work closely with finance to ensure pricing aligns with overall profitability goals.
  • Monitor margins and recommend adjustments to maintain competitiveness and profitability.
  • Partner with product management to assess cost structures, product development, and lifecycle management for pricing decisions.
  • Work with sales teams to provide guidance on pricing proposals, discount structures, and pricing negotiations.
  • Collaborate with the finance team to forecast revenue impacts based on pricing strategies.
  • Utilize pricing software and tools to model scenarios and generate pricing recommendations.
  • Maintain pricing databases and ensure data accuracy for analysis and decision-making.
  • Drive improvements in pricing processes and systems to increase efficiency.
  • Ensure compliance with corporate pricing policies and relevant legal or regulatory requirements.
  • Identify risks associated with pricing strategies and propose mitigation solutions.
  • Track and evaluate the effectiveness of implemented pricing strategies.
  • Provide insights into key pricing metrics such as price elasticity, sales volume, and profitability.

Requirements:

  • Bachelor's degree in Finance, Economics, Business Administration, or related field.
  • 5+ years of experience in pricing, financial analysis, or related field, preferably in a manufacturing or industrial environment.
  • Strong analytical and quantitative skills, with the ability to interpret complex data sets.
  • Proficiency in pricing tools and financial modeling software (e.g., Excel, ERP systems).
  • Knowledge of market analysis techniques and competitive benchmarking.
  • Excellent communication and presentation skills, with the ability to influence senior stakeholders.

What We Offer:

  • Competitive salary and bonus structure.
  • Health, dental, and vision insurance.
  • Retirement plan with company match.
  • Opportunities for professional development and advancement.

Michael Page is an equal opportunities employer and welcomes applications from diverse candidates.

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