SUMMARY: Studies pricing to determine the best target prices for the company and applies pricing strategies to optimize sales and profit margins for their company.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following: Other duties may be assigned.
- Supports activities inclusive of cost estimates, new price generation, and discrepancy resolution.
- Calculates pricing, gross margins, and estimates for various production models and timings.
- Coordinates and leads efforts to develop pricing for contracts and LTA’s (Long Term Agreements).
- Participates in negotiations on contracts and ensures integrity and accuracy of costs as well as related financial information.
- Analyzes competitors, material, and other costs and market demand to develop pricing models.
- Researches industries and markets, analyzes customer habits and behaviors, and determines the optimal operations to maximize profits.
- Tracks business metrics for analysis, price testing, communication with other departments, and helps determine optimal marketing practices.
- Tracks and monitors manufacturing and distribution costs.
KNOWLEDGE, SKILLS, AND ABILITIES requires knowledge typically acquired through:
- Completion of a Bachelor’s degree from a four year college or university; or equivalent work experience.
- Ten or more years of experience; and/or equivalent combination of education and experience.
- Ability to work independently, but communication and collaboration with other departments is important.
- Ability to calculate figures and amounts such as discounts, profit margins, and percentages.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Proficient in data analysis, skilled in Microsoft Excel and use of ERP systems. Experience with Contract & Pricing software also desirable.
- Additionally, the company may require teleconferencing or travel to remote locations.
QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, talk, hear, walk, and use hands to finger, handle, or feel objects, tools, and controls, and reach with arms and hands. The employee may be required to occasionally lift and/or move up to 10 pounds.
WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions. The noise level in the work environment is usually moderate and travel is limited to less than 25%.
[Equal Opportunity Employer - Disability/Vet]
This job may require applicant to conform to U.S. Government export regulations, applicant must be a (i) U.S. citizen or national, (ii) U.S. lawful, permanent resident (aka green card holder), (iii) Refugee under 8 U.S.C. 1157, or (iv) Asylee under 8 U.S.C. 1158, or be eligible to obtain the required authorizations from the U.S. Department of State. Learn more about the ITARhere.