Commercial Analyst

Sonoco • Hartsville, SC

5d • $52,000 - $137,610 • Hybrid

About The Position

From a small family business to a multi-billion-dollar global company, Sonoco has been changing the face of products and packaging since 1899 — all while keeping the heart of “People Build Businesses” alive. Our talented people are at the core of our growth, constantly reinventing the Sonoco wheel with brilliant solutions every year. Today we are a world leader in global packaging solutions with diversified operations in over 34 countries. We're extremely proud of our portfolio of brands, our achievements in sustainability and industrialization and the groundbreaking work accomplished by our people.
While reporting to the Commercial Analyst Manager IPP NA, you will be responsible for developing cost estimates to be used in the quotation / bid process by utilizing our ERP system and other approved cost models. You will also be developing pricing strategy by analyzing the following: market prices, plant capacity, plant and division profitability requirements, and raw material price trends and fluctuations. In addition, you will continually monitor and drive improvement in the following areas: business won/lost performance, variance between expected margins and actual margins, variance between quoted standards and plant standards.

Requirements

• 3+ years of commercial analyst experience
• BS degree
• Ability to work under pressure while meeting tight deadlines.
• Strong Microsoft Excel, Word, and PowerPoint skills.
• Strong analytical skills and a high level of attention to detail are necessary.
• Understanding of P&L basics.
• Good organizational skills specifically around the management, analysis, and processing of large amounts of data to arrive at desired outputs.
• The candidate should have a proven ability to deliver efficient, high-quality performance in a pricing and mathematical modeling environment.
• Multi-tasking, strong collaboration, and team leadership skills – with a variety of projects ongoing at once.
• Self-motivated.

Nice To Haves

• Knowledge of Optivision ERP and Price FX would be considered an advantage.

Responsibilities

• Utilizes data, mathematical modeling, analytical skills, judgment, and decision making to develop selling prices for assigned customers and markets or for new customer/product prospects.
• It’s expected that the Analyst will take a leadership role in applying division profit objectives, identifying profit improvement opportunities, and developing pricing targets that align with market strategies.
• Uses knowledge to maximize division profitability through analysis, good judgment, and decision-making skills.
• Provides oversight and takes a leadership role in the design and execution of customer price change mechanisms. Analyst should remain current on raw material cost movement and changes in manufacturing costs to effectively use these mechanisms to adjust selling prices.
• Identify and implement margin Improvement Initiatives.
• Develops and maintains key customer relationships.
• Performs ad hoc analysis for division management as needed.
• Adheres to the highest degree of business ethics, sound business operating philosophy, cost accounting principles, and all company policies and procedures.

Benefits

• Medical, dental, and vision coverage for you and your dependents, including FSA and HSA options
• 401(k) retirement plan with company match
• Wellbeing tools and resources to support holistic health, including an Employee Assistance Program with a variety of services
• Paid time off and holidays to recreate, rejuvenate and care for the health of yourself and family
• Variety of company paid and voluntary employee-paid insurance plans including life, personal accident, and disability insurance
• Tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level