PRICING ANALYST

McCormick & Company, Incorporated; Geneva (IL); On-site; USD 65,000 - 90,000; Full time

Job summary

McCormick & Company, Inc. in Geneva, IL is seeking a full-time Pricing Analyst to develop pricing for new items and review prices and costs for existing items and customers.

The role collaborates with Sales, Procurement, and Product Development to explain drivers of cost changes and impacts on product margins. The Pricing Analyst will report to a Finance Director, Global Commercial Pricing and support pricing insights across the organization.

Qualifications

• Bachelor’s degree in Accounting, Finance or Business.
• Minimum of 2 years of Accounting or Financial analysis.
• Strong Excel skills: pivot tables, index/match.
• Experience with data reporting and P&L analysis.
• Excellent communication and attention to detail.
• Self-management and ability to meet deadlines.

Responsibilities

• Executes daily activities required to achieve financial objectives through effective pricing of McCormick’s flavor products.
• Responds to pricing and quote requests in a timely manner.
• Consults with Account Managers, Commercialization teams, Procurement, Operations Finance, and Product Development regarding price requests.
• Develops product/portfolio cost and pricing assumptions in accordance with Finance procedures.
• Prepares periodic customer portfolio reviews by analyzing raw material costs, commodity cost drivers, conversion costs, packaging materials, volume changes, and plant locations.
• Supports business unit efforts to optimize costs.
• Other ad hoc financial analysis and requests as required.

Skills

Excel proficiency

Data analysis

Communication skills

Self-management

Rapid learning

Education

Bachelor’s Degree in Accounting, Finance or Business

Tools

Power BI

Microsoft AX

Job description

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McCormick & Company, Inc., a global leader in the spice, flavor, and seasonings industry, is seeking a full-time Pricing Analyst. This new hire will work at the FONAHeadquarters, locatedin Geneva, IL. The Pricing Analystwill report to aFinance Director, Global Commercial Pricing.

McCormick & Company, Incorporated is a global leader in flavor. With over$6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.

POSITION OVERVIEW

The Pricing Analyst is responsible for creating pricing for new items and reviewing prices and costs for existing items and customers. This position is also responsible for communicating with the Sales Team, Procurement, and Product Development on the drivers of changing costs and pricing, and supporting insights on the impact of changing costs on product margins.

RESPONSIBILITIES

• Executes daily activities required to achieve financial objectives through effective pricing of McCormick’s flavor products.


• Respond to pricing and quote requests in a timely manner


• Consults with Account Managers, Commercialization teams, Procurement, Operations Finance, and Product Development regarding price requests


• Develops product/portfolio cost and pricing assumptions in accordance with Finance procedures.


• Prepares periodic customer portfolio reviews by analyzing the following information: raw material costs, commodity cost drivers, conversion costs, packaging materials, volume changes, and plant locations


• Supports business unit efforts to optimize costs


• Other ad hoc financial analysis and requests as required

REQUIRED QUALIFICATIONS

• Bachelor’s Degree in Accounting, Finance or Business.


• Minimum of 2 years of Accounting or Financial analysis.


• Demonstrated thorough knowledge of the capabilities of transaction & reporting systems.


• Understands available reporting, drill down capabilities, and able to organize data in a way that adds value to analysis.


• Understands P&L analysis (revenue through gross profit) and management


• Strong proficiency in Excel including tables, pivot tables, and formulas such as index/match, as well as basic proficiency in Word and Power Point.


• Quick learner, open-minded, flexible, with the ability to communicate effectively with others


• High attention to detail and accuracy in data entry and management


• Strong verbal and written communication skills to communicate effectively at all levels.


• Self-management of own workload – capability to plan work and meet deadlines under pressure.


• Self-starter and proactive in initiating action steps.

PREFERRED QUALIFICATIONS

• Experience with Microsoft AX and Power BI


• Experience in manufacturing environment or other supply chain/costing area.


• Experience participating on projects supporting Finance initiatives within the business.

McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion,national origin, disability, protectedveteran status, age, or any other characteristic protected by law.

As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.

WHY WORK AT MCCORMICK?

United by flavor. Driven by results.

As a McCormick employee you’ll be empowered to focus on more than your individual responsibilities. You’ll have the opportunity to be part of something bigger than yourself—to have a say in where the company is going and how it’s growing.

Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.