Pricing Analyst I

Parker Hannifin; Wickliffe (OH); On-site; USD 52,000 - 72,000; Full time

Job summary

Parker Hannifin in Wickliffe, OH is seeking a Pricing Analyst I to analyze markets, establish price levels, and support profitability through value-based pricing. The role targets responsible pricing decisions across the division, collaborating with design and sales teams to optimize pricing efficacy and affordability while protecting confidential pricing information.

The position emphasizes strong analytical skills, Excel/Access proficiency, and clear communication.

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.

Responsibilities

• Design and implement continuous improvement techniques and methods to internal processes and systems to eliminate waste and improve processes.
• Work 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.

Skills

Analytical skills

Pricing experience

Communication skills

Project management

Cost accounting knowledge

Education

Bachelor's degree in Business/Finance/Economics/Engineering/Data Analytics

Tools

Microsoft Excel

Microsoft 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 Affidative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. 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