Pricing Analyst

TCP; Aurora (OH); On-site; USD 60,000 - 75,000; Full time

Job summary

TCP is seeking a Pricing Analyst to collect, analyze and evaluate data on products, costs and markets to support price strategy development. You will monitor pricing through variance analysis and lead price reviews for large opportunities with cross-functional teams.

You will work with product and sales to define value propositions, document ROI, and communicate pricing strategies for new product launches while maintaining confidentiality and adherence to company guidelines.

Qualifications

• 1-2 years of experience with financial analysis and/or corporate accounting.
• Strong analytical and quantitative skills.
• Proficient with Microsoft Excel and Access.
• Negotiation skills and commercial judgment with knowledge of sales process.
• Project management experience in sales/marketing.

Responsibilities

• Collect, analyze and evaluate data on products, costs and markets to support pricing strategy.
• Monitor and optimize pricing strategy through variance analysis and process control.
• Lead price reviews on large opportunities with cross-functional management teams.
• Assist in closing strategy and alignment with sales goals.
• Maintain product knowledge and monitor industry pricing practices.
• Research list prices and discounts based on market conditions, competition and product lifecycle.
• Define pricing strategy for new product launches with NPD team and document ROI.
• Communicate pricing strategy within sales channels and protect pricing confidentiality.

Skills

Analytical skills

Quantitative skills

Excel

Access

Negotiation

Project management

Sales/marketing experience

Financial accounting

Education

Bachelor in Accounting, Finance or Business

Tools

JD Edwards

Job description

SummaryResponsible for collecting, analyzing and evaluating data on products, costs, and markets to support development and presentation of appropriate price and bid strategy. Will monitor and optimize pricing strategy through process control and variance analysis.Essential DutiesActively support the company's culture and business mission by always putting TCP' s people and its customers first.Adheres to guidelines and delegation of pricing authority.Manages approval process through regular reviews of price variance charts and metrics.Leads effective price reviews on large opportunities with cross-functional management team while also assisting in closing strategy.Maintains product knowledge and regularly monitors industry pricing practices.Understands value position of products against competition and internal product offering.Research appropriate list prices and discounts based on analysis of market climate and competition, product life cycle and division version.Works with new product development team in defining customer economic value proposition and models value proposition segments to define pricing strategy for new product launches.Documents customer ROI and payback and assists in development of sales communication of new product price strategy.Understands current economic conditions and financial implications.Actively promotes and personally observes safety and security procedures and uses equipment and materials properly.Other responsibilities or projects assigned by manager.Experience/Requirements1-2 years of experience with financial analysis and/or corporate accounting.Strong analytical and quantitative skills.Excellent P.C. skills with proficiency with Microsoft Excel and Access.Negotiation skills and commercial judgment with knowledge of sales process.Excellent verbal and written communication skills.Project management skills with sales/marketing experienceWilling and capable of facilitating change in organization.General understanding of financial and cost accounting practices.Must be able to maintain customer confidence and protect operations by keeping pricing information confidential.Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performanceSkills, Knowledge, and Abilities (SKAs)Ability to work within ERP systems and financial software- JD EdwardsGood level of analytical skills; Proficient in Excel, Microsoft Access and other analytical tools.Detail oriented, highly motivated with strong work ethic.Ability to identify variances and unusual trends.Strong team player who works effectively with all levels of the organization.Exhibits initiative, responsibility, flexibility and leadership.Maintain flexible attitude and approach towards assignments and successfully operate under ambiguous guidelines.Calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.Education/TrainingBachelor in Accounting, Finance or BusinessPhysical/EnvironmentalSitting for long periods of time, completing tasks using a computer and other office equipment.Position requires frequent talking, hearing, and vision with occasional standing, walking and reaching.May require lifting to 10 lbs.Job position responsibilities are generally performed in a business office environment with computers, printers and phones