Pricing Analyst

Pricing Analyst

Hybrid • PEI-Genesis Philadelphia HQ - Philadelphia, PA

Overview

Level: Experienced Position Type: Full Time Education Level: 4 Year Degree Category: Strategy - Planning

Description

*Equal Opportunity Employer Veterans/Disabled*

The Pricing Analyst ("Analyst") is responsible for determining the appropriate pricing for products based on a variety of factors. Their duties include conducting market research to learn more about competitor pricing for similar items, reviewing previous sales data to meet department revenue needs and deciding a market price for a range of products based on their findings. Additionally, the Analyst must work with suppliers, the PEI Sales team and internal engineering and technical staff to develop competitive quotes in a timely manner that generate profitable business for PEI. This individual should be a strong team player, data-driven, eager to learn and results-oriented. The Analyst must provide excellent customer service, maintain the quality and integrity of the pricing models and tools, and become a Trusted Advisor to the sales team.

Qualifications

EDUCATION & EXPERIENCE:

• Bachelor's degree (finance/mathematics preferred) or 4-5 years previous quotation experience
• Preferred industry experience in the electro-mechanical components or physical goods

TECHNICAL and/or MANAGERIAL JOB COMPETENCIES:

• Ability to multitask in a high volume fast-paced work environment with very tight deadlines.

• Organized, detail oriented and efficient with time management
• Strong interpersonal skills with proven ability to communicate effectively (both written and oral) with internal customers, as well as suppliers
• Advanced knowledge of Microsoft Excel is a must
• Ability to quickly learn products, processes, and internal systems
• Develop a comprehensive knowledge of product lines and alternate product substitutes

ESSENTIAL TASKS AND RESPONSIBILITIES :

• Review all incoming large quote requests to determine a plan of action
• Negotiate pricing with suppliers for large quotes
• Communicate with Product Management and suppliers to discuss material specifications and identify alternative solutions
• Collect and collate all information needed to prepare the proposal within pricing guidelines, including cost elements as well as cross-referencing for the preparation of final quotation submittal
• Identify potential risks in the quotations, and in any related contract agreements across customers/channels
• Inform on optimal price points for different bids
• Create an accurate and professional proposal quotation package to return to the customer in response to requests for quotation's
• Follow-up on open/outstanding customer quotations with salespersons and customers to determine status and develop strategy for future bids
• Upon award, follow all necessary process to ensure proper costing is setup in the system and communicate with all departments
• Set up contract pricing in ASW system
• Collect and analyze quotation data to determine patterns and reasons for success or failure
• Identify commonly ordered stock/non-stock items and recommends additions/changes in stock levels to management
• Review backlog for opportunities to increase profits
• Draft strategic pricing plans and processes to improve existing projects