Commercial Analyst

Talentify; Charlotte (NC); On-site; USD 60,000 - 120,000; Full time

Benefits offered by this job

Medical coverage

401(k) match

Wellbeing programs

PTO

Insurance plans

Tuition reimbursement

Job summary

Sonoco Products Company is hiring a Commercial Analyst to develop cost estimates and pricing strategies using ERP systems and pricing models. You will analyze market prices, capacity, profitability, and raw material trends to support quotes and bids.

The role leads pricing changes, monitors margins, and identifies margin-improvement initiatives while maintaining strong customer relationships. Location can be Hartsville, SC or Charlotte, NC, with a progression-based level.

Qualifications

• 3+ years of commercial analyst experience
• BS degree
• Ability to work under pressure with tight deadlines
• Strong Microsoft Excel, Word, and PowerPoint skills
• Strong analytical skills and attention to detail
• Understanding of P&L basics
• Data management and data analysis for pricing and margins

Responsibilities

• Develop selling prices for assigned customers and markets using data and modeling
• Lead pricing objectives and profit-improvement opportunities
• Maximize division profitability through analysis and judgment
• Oversee design and execution of price-change mechanisms
• Monitor raw material costs and manufacturing costs to adjust selling prices
• Identify margin-improvement opportunities and maintain key customer relationships
• Perform ad hoc analysis for division management

Skills

Excel proficiency

Analytical thinking

Pricing strategy

Leadership

Education

BS degree

Tools

Optivision ERP

Price FX

Job description

From a small family business to a multi-billion-dollar global company, Sonoco has been changing the face of products and packaging since 1899 — all while keeping the heart of “People Build Businesses” alive.

Our talented people are at the core of our growth, constantly reinventing the Sonoco wheel with brilliant solutions every year. Today we are a world leader in global packaging solutions with diversified operations in over 34 countries. We're extremely proud of our portfolio of brands, our achievements in sustainability and industrialization and the groundbreaking work accomplished by our people.

While reporting to the Commercial Analyst Manager IPP NA, you will be responsible for developing cost estimates to be used in the quotation / bid process by utilizing our ERP system and other approved cost models. You will also be developing pricing strategy by analyzing the following: market prices, plant capacity, plant and division profitability requirements, and raw material price trends and fluctuations. In addition, you will continually monitor and drive improvement in the following areas: business won/lost performance, variance between expected margins and actual margins, variance between quoted standards and plant standards.

What you'll be doing:

• Utilizes data, mathematical modeling, analytical skills, judgment, and decision making to develop selling prices for assigned customers and markets or for new customer/product prospects.
• It’s expected that the Analyst will take a leadership role in applying division profit objectives, identifying profit improvement opportunities, and developing pricing targets that align with market strategies.
• Uses knowledge to maximize division profitability through analysis, good judgment, and decision-making skills.
• Provides oversight and takes a leadership role in the design and execution of customer price change mechanisms. Analyst should remain current on raw material cost movement and changes in manufacturing costs to effectively use these mechanisms to adjust selling prices.
• Identify and implement margin Improvement Initiatives. Develops and maintains key customer relationships.
• Performs ad hoc analysis for division management as needed. Adheres to the highest degree of business ethics, sound business operating philosophy, cost accounting principles, and all company policies and procedures.

This position can be located in Hartsville, SC or Charlotte, NC.

We’d love to hear from you if:

• 3+ years of commercial analyst experience
• BS degree
• Ability to work under pressure while meeting tight deadlines.
• Strong Microsoft Excel, Word, and PowerPoint skills.
• Strong analytical skills and a high level of attention to detail are necessary.
• Understanding of P&L basics.
• Good organizational skills specifically around the management, analysis, and processing of large amounts of data to arrive at desired outputs.
• The candidate should have a proven ability to deliver efficient, high-quality performance in a pricing and mathematical modeling environment.
• Multi-tasking, strong collaboration, and team leadership skills – with a variety of projects ongoing at once.
• Self-motivated.
• Knowledge of Optivision ERP and Price FX would be considered an advantage.

Compensation:

Commercial Analyst: The annual base salary range for this role is from $52,000 to $58,500.

Commercial Analyst II: The annual base salary range for this role is from $67,760 to $76,230.

Commercial Analyst III: The annual base salary range for this role is from $88,000 to $99,000.

Commercial Analyst IV: The annual base salary range for this role is from $107,760 to $121,230, plus annual target bonus of 7.5% of base salary.

Senior Commercial Analyst: The annual base salary range for this role is from $122,320 to $137,610, plus annual target bonus of 7.5% of base salary.

This is a progression position and level will be based on candidate experience and business needs.

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At Sonoco Products Company, we offer a comprehensive total rewards package, including competitive pay and benefits. *Benefits listed below are for employees located in the U.S. Specific benefits and wellbeing programs may vary depending on your location (within the U.S. or global), or if you are a union employee.

Benefits

• Medical, dental, and vision coverage for you and your dependents, including FSA and HSA options
• 401(k) retirement plan with company match
• Wellbeing tools and resources to support holistic health, including an Employee Assistance Program with a variety of services
• Paid time off and holidays to recreate, rejuvenate and care for the health of yourself and family
• Variety of company paid and voluntary employee-paid insurance plans including life, personal accident, and disability insurance
• Tuition reimbursement

We are an equal opportunity employer, and we strictly prohibit and do not tolerate discrimination against employees, applicants or any other covered persons because of race, color, religion, national origin or ancestry, sex, pregnancy, sexual orientation, marital status, gender identity or expression, age, disability, genetic information, veteran status, or any legally protected characteristic.