Analyst, Pricing Job Description
Analyst, Pricing Duties & Responsibilities
To write an effective analyst, pricing job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst, pricing job description templates that you can modify and use.
Sample responsibilities for this position include:
Analyst, Pricing Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Analyst, Pricing
List any licenses or certifications required by the position: CPA, APICS, ISM, SCEA, CMA, TUV, IATA, SD, SAP, ACCA
Education for Analyst, Pricing
Typically a job would require a certain level of education.
Employers hiring for the analyst, pricing job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Economics, Accounting, Statistics, Marketing, Education, Mathematics, Engineering, Business/Administration
Skills for Analyst, Pricing
Desired skills for analyst, pricing include:
Desired experience for analyst, pricing includes:
Analyst, Pricing Examples
Analyst, Pricing Job Description
- Work with Product Management to develop and implement product price strategies including segment strategies for the various markets
- Supporting the administrative and analytical responsibilities of the financial aspects of contracts
- Acting as the primary liaison with internal and external auditors reviewing the company's contracts and procedures
- Partnering with chargeback, rebates and collections associates to resolve contract-related discrepancies and propose potential measures to prevent reoccurrence
- Reviewing and resolving customer chargebacks when resolution is needed
- Processing letters to be submitted to customers for product transitions, deletions/additions, and supply interruptions
- Identifying potential issues and resolves routine problems and concerns
- Partnering with Demand Planning and Supply Chain Management for product availability and timing
- Serving as troubleshooting and training resource for others in Sales and Marketing
- Assist in competitive price research and the maintenance of completive price data within price optimization solutions
- Undergraduate degree – Engineering, Finance or other Technical discipline
- Work with Merchants to develop and execute optimal regular prices in support of product purchase cycles
- Analyze ongoing product Performance to identify price change opportunities
- Minimum 3 years experience in business setting involving stated requirements
- He/she will have outstanding quantitative skills that will allow the successful analysis on pricing issues having a complete comfort deriving and applying mathematical formulas related to pricing and discounting
- Experience in a highly analytical environment
Analyst, Pricing Job Description
- Establish sales, margin and cost reporting on a daily, weekly, monthly and quarterly basis
- Heavy interaction with upper level management to report on trends
- Review daily P&L for relevant products, including interest rate derivatives, FX derivatives and Equity derivatives
- Review daily risk-based P&L for reasonableness with regards to valuation
- Assist in maintaining relevant Department metrics for the Funds
- Provide back up to other Products Analysts on their relevant products
- Take on additional ad hoc projects as needed
- Accurately evaluate and document product and trade values, and work to resolve issues as they arise
- Continually work to expand upon existing knowledge of Group functions and activities
- Enter customer details received from the sales team
- Manage and publish routine internal documents and lists, including short and medium term hardware pricing plan of records, hardware pricing competitive landscapes, promotional activity
- 5-7 years of relevant pricing and licensing experience
- Ability to prioritize workload, balancing multiple projects and competing priorities, work independently and work quickly to meet approved pricing publication deadlines
- 5+ years of experience with pricing, accounting, or finance background
- Expert-level knowledge of best practices with respect to pricing strategy and approval processes
- Possess enough technical competence to collaborate with BI developers and data scientists to establish an architectural and/or functional vision
Analyst, Pricing Job Description
- Update the contract database, ZCON, with revisions or new updates
- Manage formulas for mark-ups and leverage value price model program
- Support with various requests from Salesforce
- Assist in competitive price research and the maintenance of competitive price data within price optimization solutions
- Where volumes are high, flag any potential service delivery issues as early as possible and assist other team members as directed by supervisor
- Complete financial review including review of historical financial data
- Ability to work on teams independently
- Maintain local stockroom profiles and modify as needed
- Liaison with various internal stakeholders eg
- Analyze and evaluate domestic and international sales opportunities
- Ability to collaborate across functional areas including, sales, customer service, order coordination
- Knowledge of all contract types including FFP, CPFF, CPAF and T&M
- Preference for a candidate with 1-3 years of work experience
- Experience with value based pricing and pricing research techniques preferred
- Understanding of fundamental concepts in probability and statistics confidence intervals, hypothesis testing
- Solid business/commercial orientation understanding of competitive strategy
Analyst, Pricing Job Description
- Identify and report interferences negatively impacting margins
- Enforce process and financial controls when necessary
- Audit material price, number, and UPC in promotional files for accuracy and Finance approval
- Verify and process reimbursement conditions
- Research and resolve issues causing deals not to apply and respond in a timely manner
- Accurately complete all assigned tasks within schedule allotted
- Develop recommended selling prices for new and existing products by gathering and analyzing cost information and estimates that will comprise the basis for a future cost estimate to develop an accurate, supportable proposal
- Support Contracts and Customer Service in price negotiations with cost/price analysis of positions Prepare a post negotiation summary for presentation to management
- Apply judgment in the application of escalation, volume adjustments and other factors used in computing the recommended selling price
- Provide profit and margin analysis on established price lists annually and as required
- Utilize analytical skills to problem solve and resolve issues with pricing matrix
- Ability to multi-task and be detail oriented, analytical, self-motivated team player
- Ability to handle high volume and time sensitive transactions
- Ability to think and make decision independently
- Strong interpersonal skills, fact based reasoning and ability to be assertive
- Two or four year college degree, or equivalent work experience required
Analyst, Pricing Job Description
- Raise escalations and communicate issues to team leaders
- Analyze RFPs
- Develop Work Breakdown Structure with Program Office
- Generate Proposal Schedule and present Costing approach to senior management
- Validate estimates on labor and material costs of manufacturing and engineering based on (RFP) requirements
- Collect and analyze cost data from functional representatives, subcontractors, and other L3 divisions for accuracy and reasonableness
- Interface with contract personnel, customer representatives, internal auditors, vendors, and DCAA/DCMA
- Provide information for and assist in creation of large deal quotes
- Managing multiple requests from a large spectrum of customers and brands, ensuring regional alignment and competitiveness
- Providing high level of customer service and providing accurate, consistent and timely responses
- Providing national support, interacting with cross functional business partners at various levels of management
- Ability to work with an extremely high degree of focus on data accuracy and integrity
- Team oriented with exceptional communication and organizational skills
- Proficient with MS Outlook and JD Edwards (Advanced Pricing and/or Order to Cash functions)
- Proficiency in MS Access, Magstar, Oracle Demantra an asset
- Minimum 1-2 years previous work experience required