Pricing Analyst

General Purpose

Analyze market trends, competitor pricing strategies, and customer behavior to evaluate the effectiveness of current pricing models. Conduct regular pricing research and assess pricing implications on business performance. Assist in creating pricing strategies to capture opportunities, drive margin enhancements, and improve sales force effectiveness.

Job Duties and Responsibilities

• Collect, analyze, and monitor competitors' prices, pricing strategies, promotional activities, and market positioning; provide insights and recommendations on competitive pricing responses and market opportunities to help drive financial improvements and support competitive positioning
• Utilize, develop, update, and maintain pricing models to facilitate data-driven pricing decisions. Utilize statistical analysis, financial modeling, and pricing software to evaluate pricing scenarios and optimize pricing structures
• Assist in the execution of pricing strategies across various product lines and markets, ensuring consistency and accuracy
• Review price requests and ensure assumptions align with required margin parameters
• Create margin analysis to develop pricing when requested or to resolve pricing issues
• Develop weekly price lists and margin targets
• Prepare reports and dashboards to communicate pricing performance, findings, and recommendations to management and other stakeholders
• Publish price lists as directed
• Assist in gathering data for customer profitability analysis and pricing analysis
  
  
  
  • Analyze and report on target margins by product group/customer classification
  • Provide price quotes for new and existing business
  • Review and challenge margins versus marketplace and provide insight to maximize returns
  
  
  
  
• Maintain the pricing table; maintain and/or determine pricing formulas; enter pricing into the pricing table
• Analyze customer pricing files to ensure prices are maintained per formulas and exceptions
• Research and resolve all price issues for assigned customers or accounts
• Participate in monthly price changes which involves calculating and updating customer price files based on changes in relevant commodity market prices, validating price file changes, and notifying customers, brokers, and sales of price change
• Coordinate the review of contract/fixed pricing in assigned accounts, and maintain revised pricing
• Work with cross-functional teams, such as risk management, sales, marketing, finance, logistics, and customer service, to provide pricing related analysis and to develop and implement effective customer pricing strategies
• Provide assistance on customer Requests for Proposal (RFP's) and other customer opportunities by providing analysis and recommendations
• The requirements herein are intended to describe the general nature and level of work performed by employee, but is not a complete list of responsibilities, duties, and skills required. Other duties may be assigned as required

Education and Experience

• Undergraduate degree in finance, business, economics, statistics, or related curriculum (or equivalent combination of experience and education)
• 2 to 5 years of pricing analysis, financial analysis, or related experience
• Knowledge of the dairy industry preferred
• Certification and/or License - may be required during course of employment

Knowledge, Skills, and Abilities

• Knowledge of pricing concepts, strategies, and methodologies
• Familiarity with market research and competitive analysis techniques; able to understand and interpret market trends and customer behavior
• Knowledge and skill with Microsoft Office Suite and company specific systems, especially Excel, statistical analysis tools, and pricing software
• Knowledge of ERP systems, including report writing, data extraction, and forecast modeling
• Knowledge of accounting, finance, marketing, and operations metrics and reporting
• Skilled in quantitative financial analysis techniques, including data manipulation
• Able to communicate clearly and effectively, both verbally and in writing
• Able to multi-task and problem solve
• Able to create reports and presentations for distribution to management
• Able to effectively analyze and interpret data
• Able to work with accuracy and attention to detail
• Must be able to read, write and speak English

Travel

5%-15% (1-3 times per year)

An Equal Opportunity Employer including Disabled/Veterans