Pricing Analyst I

Parker Hannifin Corporation; Wickliffe (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

Parker Hannifin Corporation is seeking an entry-level Pricing Analyst I to analyze markets, determine pricing strategies, and support profitability across the division. The role emphasizes value-based considerations, competitive dynamics, and cost factors affecting long-term plans.

You will work under the Pricing Leader, contribute to continuous improvement, and help implement pricing tools for product managers and field sales. Strong analytical skills and Excel/Access proficiency are essential.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Engineering, data analytics, or related field.
• Pricing experience including internships, co-ops, or entry-level roles.
• Strong analytical and quantitative skills; proficient in Excel and Access.
• Excellent written, verbal and presentation skills.
• Project management skills; understanding of manufacturing processes and cost accounting.

Responsibilities

• Design and implement continuous improvement techniques to internal processes and systems to eliminate waste and improve processes.
• Collaborate with other functions to design and implement pricing systems and reporting improvements.
• Assist in analyzing product markets by determining ceiling and floor prices.
• Evaluate pricing drivers: price, volume, cost, competition, distribution, segmentation; recommend levels.
• Monitor divisions on corporate strategic pricing initiatives.
• Provide feedback mechanisms to encourage effective pricing models.
• Develop tools for product managers and field sales use.
• Assist divisions in determining list prices, discounts and rebates; manage price changes.
• Analyze exception pricing processes and maintain disciplined guidelines.
• Provide management with reports to respond to market changes and monitor pricing effectiveness.

Skills

Pricing experience

Analytical abilities

Written/verbal/presentation skills

Project management

Manufacturing processes & cost-account

Education

Bachelor's degree in Business, Finance, Economics, Engineering, Data Analytics, or related field

Tools

Microsoft Excel

MS Access

Job description

Position Summary

The Pricing Analyst I is an entry-level pricing role with primary duties involve proactively analyzing and making recommendations considering customer value-based marketing, competitive markets, and company costs affecting the business plans and profitability across the division, incorporating program aspects to support decision-making processes that will impact our long-term future.

Scope / Supervision and Interaction

This position reports to the Pricing Leader and does not have direct reports.

Essential Functions

• Design and implement continuous improvement techniques and methods to internal processes and systems to eliminate waste and improve processes.
• Works with other functions in design and implementation of systems and reporting improvements for measuring and monitoring pricing effectiveness and efficiency.
• Assist in analyzing product markets by determining the ceiling and floor prices of products.
• Evaluate cause and effect with pricing, volume, cost, competition, distribution, and segmentation. Recommend appropriate levels.
• Monitor and keep divisions focused on corporate strategic pricing initiatives.
• Create and reinforce continuous feedback vehicles to encourage successful pricing models.
• Implement tools to use by product managers and field sales.
• Assist divisions in determining appropriate list prices, standard discounts and rebates and managing any restructuring, updating, communication and publication of price increases.
• Analyze the exception pricing process by recommending guidelines, authority levels and maintaining a disciplined and structured approach to exception pricing.
• Provide management with reports which allow management to effectively respond to changing economic conditions and market changes. Performs ongoing measurements and report on pricing effectiveness.

Qualifications

• Bachelor's degree in Business, Finance, Economics, Engineering, Data Analytics, or a related field.
• Pricing experience including internships, co-ops, or entry-level roles.
• Strong analytical and quantitative skills. Excellent PC skills with proficiency with Microsoft Excel and Access.
• Excellent written, verbal and presentation skills.
• Project management skills with sales/marketing experience a plus.
• General understanding of manufacturing processes, practices, and cost accounting.
• Must be able to maintain customer confidence and protect operations by keeping pricing information confident.

Equal Employment Opportunity

Parker is an Equal Opportunity and Aff Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations. (Minority / Female / Disability / Veteran / VEVRAA Federal Contractor)

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission