Cost Analysis Specialist
1 week ago
Position Summary: The Cost Analysis Specialist collaborates with clients and prospective clients to streamline the sales process, ensuring the preparation and delivery of accurate formal quotations. This role is pivotal in managing the quotation phase, with the objective of securing new business opportunities. The Cost Analysis Specialist serves as a key point of contact for both new and existing clients, representing Private P&M in all sales-related communications.
Key Responsibilities:
- Receives Requests for Quotations (RFQs) from potential and existing clients through various communication channels.
- Maintains comprehensive customer records utilizing automated systems.
- Identifies potential clients through business directories, existing client referrals, and participation in industry events.
- Develops detailed sales estimates by gathering all relevant actual and projected costs associated with sales opportunities.
- Acts as the primary interface for all commercial communications with clients.
- Engages with clients throughout the entire sales cycle to ensure their needs are met.
- Provides pricing and margin recommendations based on insights into potential sales accounts.
- Builds and nurtures relationships with clients to enhance Private P&M's reputation and increase the likelihood of winning contracts.
- Prepares Cost Breakdown sheets in formats requested by clients.
- Logs RFQs, updates Sales Opportunity reports, and tracks Key Performance Indicators.
- Conducts feasibility assessments in collaboration with engineering, production, and quality departments to ensure all quoting parameters and client requirements are satisfied.
- Requests and reviews raw material quotes from suppliers.
- Prepares electronic bids through client portals.
- Coordinates meetings with current and prospective clients.
- Assists other departments with pricing discrepancies.
- Reviews initial Purchase Orders for accuracy in pricing and terms.
- Informs relevant departments of newly secured business.
- Generates Electronic Project Folders and necessary documentation.
- Completes customer capacity spreadsheets and other required forms.
- Performs additional duties as assigned.
Qualifications:
- High School Diploma required; Associate's Degree in Business preferred.
- 3-5 years of experience in a sales-related role or equivalent experience.
- Dependable, self-motivated, and a strong team player.
- Excellent time management and organizational skills.
- Detail-oriented with proficiency in Excel, Word, and PowerPoint.
- Able to quickly learn new software and systems.
Job Type: Full-time
Salary: $55,000 - $70,000 per year
Benefits:
- 401(k) with matching
- Dental and health insurance
- Flexible spending account
- Life insurance
- Paid time off and parental leave
- Vision insurance
Work Location: In-person
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