Pricing Analyst

PEI GENESIS INC.•Philadelphia, PA

1d•Onsite

About The Position

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.

Requirements

Bachelor’s degree (finance/mathematics preferred) or 4-5 years previous quotation experience
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

Nice To Haves

Preferred industry experience in the electro-mechanical components or physical goods

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