Pricing Analyst

Milbank; United States; On-site; USD 90,000 - 95,000; Full time

Job summary

Milbank invites applications for a Pricing Analyst to join the Pricing Team. You will develop budgets, model alternative fee arrangements, and prepare rate cards to support the firm's pricing strategy.

You will analyze historical financial data, propose pricing approaches, and collaborate with partners and other business units to maximize profitability and efficiency across matters.

Qualifications

• 2–5 years post-Bachelor's in analytics from an accredited program.
• Experience building complex financial models and reports using Excel/Access.
• Ability to work cross-functionally with partners, BD, and accounting staff.

Responsibilities

• Develop financial models and analytics to support pricing proposals.
• Compile and analyze data and historical statistics relating to revenue, realization, and profitability.
• Provide support to partners for pricing requests, including fee estimates and pricing approaches.
• Work with management groups and attorneys to guide rates and pricing strategy for profitable growth.
• Create and document best practices as they relate to pricing and profitability.
• Collaborate with the Finance Team to extract relevant financial data for pricing analysis.
• Review outside counsel guidelines for new matters to ensure proper tracking and setup.

Skills

Analytical thinking

Communication

Adaptability

Cross-functional collaboration

Education

Bachelor's degree in finance/accounting/economics or related field

Tools

Excel

Access

Job description

About this job

Overview

As a member of the Pricing Team, the Pricing Analyst develops budgets and fee arrangements that support the firm's overall pricing strategy. The Pricing Analyst is responsible for developing budgets, analyzing historical and current firm financial data to determine best practices for success, modeling Alternative Fee Arrangements and special rate arrangements and proposing recommendations to increase efficiencies and profitability, and preparing rate cards.

Responsibilities

• Develop financial models and analytics in support of pricing proposals
• Compile and analyze data and historical statistics relating to revenue, realization, and profitability
• Provide support to partners for pricing requests, including preparation of fee estimates, development of appropriate pricing approaches and the communication of fees and value pricing
• Work with different management groups and attorneys within the firm, utilizing tools and analytics to guide rates and pricing strategy to maximize profitable growth
• Create and document best practices as they relate to pricing and profitability
• Work effectively with others on the Finance Team to determine best ways to extract relevant financial data to analyze in relation to pricing and financial analysis
• Review outside counsel guidelines for new matters to ensure proper tracking and setup

Qualifications

• 2-5 years post-Bachelor's Degree required in an analytical environment (i.e., accounting, finance, economics) from an accredited college or university or equivalent experience
• Experience constructing complex models, financial analyses, and reports using Excel, Access, and other relational-database systems
• Effectively communicate with a wide variety of personnel and personalities including partners, business development professionals and accounting staff
• Strong analytical, evaluative, and critical thinking skills
• Demonstrate ability to be flexible and to adapt quickly to change in a high pressure, deadline-driven environment
• Ability to work independently as well as in a team environment, including an ability to work across geographical borders
• Ability to work on multiple assignments and proven experience in prioritizing work
• Demonstrated agility within diverse cultural and business environments, using various communications methods to influence and lead others
• Demonstrated ability to apply learning in fast-paced business situations

Compensation: The anticipated base salary range offered for this role will be between $90,000 to $95,000 and represents the firm's good faith and reasonable estimate of the base compensation range. Actual base compensation will be dependent upon several factors, including but not limited to the candidate's relevant experience, performance, qualifications, degrees, and location, as well as the needs of the firm.