Pricing Analyst

Avon, Ohio

Essential Duties and Responsibilities

Pricing

  • Provide standardized reporting and ad hoc analyses to interpret pricing related data, identify critical pricing issues, and periodically provide financial reviews for leadership and others on key pricing, cost, and margin information relevant to defined business objectives and performance standards.
  • Gather data from a variety of sources and perform moderate to complex analyses to gain insights into pricing strategies and market trends to understand and expand market share and grow profitability.
  • Forecast revenue based on market trends, production costs, profit margins, and sales volumes.
  • Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability and market share.
  • Ability to collaborate with business development, marketing, and other functional areas to develop and implement competitive pricing strategies.
  • Stay informed on current program/product margins, pricing analysis methods, escalation formulas, and applicable economic/financial trends.

Data & Market Analytics

  • Develop and recommend benchmarking, best practices and competitive analysis techniques.
  • Automate and optimize current processes to streamline reporting and data distribution.
  • Prepare and present analytical findings to internal working teams, senior and executive leadership.
  • Develop dynamic tools to effectively respond to changing market needs and trends.
  • Work with leadership in the development of annual operating and pricing plans.
  • Design and support data models optimized to support analytical tools and reporting such as PowerBI.
  • Willingness to question assumptions, explain analyses and form conclusions.
  • Ability to assess accuracy of data based on comparisons to other available sources including historical and current data and/or forecasts.

Proposal Support

  • Research and analyze historical proposal data (as applicable) to strategically position the business for award/success.
  • Research, interpret, and resolve problems involving moderately complex technical data/hardware.
  • Provide support to business team in the proposal development process. Compile background and historical data and documentation to assist in the preparation of complex RFP/RFQ responses.
  • Track and consider customer feedback to develop effective business strategies in support of new opportunities.

Qualifications

Education and Experience

  • Bachelor’s degree in, Business Administration, Finance, or related field is required.
  • A master’s degree in business administration (management science, data analytics) is preferred.
  • Demonstrated ability to perform the essential functions of the job, typically acquired through five+ years of business experience with analytical and reporting experience, or equivalent combination of education, training, and experience.

Knowledge, Skills, and Abilities

  • Intermediate to advanced math, statistical and analytical skills.
  • Demonstrated proficiency with common business data query and reporting tools, such as Power BI and Microsoft Excel.
  • Demonstrated high level of written, verbal, and interpersonal communication skills.
  • Manufacturing industry experience
  • Experience with IFS or other ERP Systems

TYPICAL MENTAL AND PHYSICAL DEMANDS:

While performing the duties of this job, the team member is required to walk, stand, and sit for extended periods of time.  The team member is required to demonstrate manual dexterity and use hands to operate machinery.  Specific vision abilities required by this job include close vision.  Also expected of the team member is regular attendance, and the ability to work cooperatively and professionally with others.  May be required to lift up to 50 lbs. (The essential functions have been provided as examples of types of work performed by team members assigned to this job classification.  The Company reserves the right to modify work assignments and/or to make reasonable accommodations so that qualified team members can perform the essential functions of the job.  The physical and mental demands described above are representative of those required to successfully perform the essential functions of this job.)

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