Data-Driven Pricing Strategist

7 days ago

Peachtree City, Georgia, United States HEICO Corporation Full time
Job Description

Overview of the Position:

The Pricing and Analytics Specialist is responsible for executing the Pricing strategy for our Distribution and PMA (Parts Manufacturing Authority) businesses and is the champion of price as a key profit-driver for the company. The position is responsible for the development and implementation of the pricing strategy across multiple markets including Airlines, MRO (Maintenance, Repair and Overhaul) as well as OEMs.

Key Responsibilities:

  • Perform detailed analysis of transaction level data, synthesizing findings into relevant trends and correlations and assisting in the construction and implementation of solutions that drive revenue and margin optimization.
  • Actively participate in ad-hoc and strategic customer pricing strategies and tactics for applicable aviation market segments regarding current and new product offerings.
  • Champion quantification and impact analysis of existing or proposed pricing policies, procedures and governance frameworks.
  • Collaborate with senior management to implement new pricing initiatives.
  • Facilitate Order Management System (OMS) process to ensure quality and comprehensive bid execution, collaborating with relevant stakeholders identified in each process.
  • Act as broad spectrum analytic consultants for all departments under Wencor Group Product Management scope.
  • Participate in design, build and deployment of Business Intelligence solutions. Ensure data integrity of Wencor Business Intelligence and ERP tools; create and enforce policies for effective data management.
  • Participate in new product launches as it relates to Product Information Management management and launch pricing.
  • Assist with reports and data extraction when needed; analyze large amounts of information to discover trends and patterns and present information using data visualization techniques.
  • Formulate management techniques for quality data collection to ensure adequacy, accuracy, and legitimacy of data; extend company's data with third party sources of information when needed.

Requirements:

Education / Experience Requirements:

Bachelor's degree with quantitative focus such as Business, Engineering, Computer Science or related field with an MBA degree preferred; three years of related experience or equivalent combination of education and experience.

Other Qualifications:

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.

Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Physical Demands: The physical demands described here are representatives of those that must be met by an employee to successfully perform the essential functions of this job.

  • Is frequently required to talk or listen.
  • Is regularly required to sit and use hands to finger, handle, or feel.
  • Is occasionally required to stand, walk, reach with hands and arms, and lift up to 10 pounds.
  • Works in moderate noise levels.
  • Travel up to 5%.

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