Pricing Analyst

Itt Industries • Santa Clarita, CA

397d • $100,100 - $149,700

About The Position

The Pricing Analyst at ITT Aerospace Controls is responsible for establishing profitable pricing strategies for a range of products by conducting market research, analyzing sales data, and collaborating with various departments. This role involves evaluating proposal packages, leading meetings, and enhancing pricing tools to optimize profitability and support sales growth in the aerospace market.

Requirements

• Bachelor's degree in Finance, Business, or Engineering from a four-year college or university.
• Minimum of 2 years professional experience in a related field.
• 3 years of experience demonstrating problem-solving ability in collaboration with functions such as Marketing, Customer Service, Finance, Engineering, and/or Operations.
• 2 years of experience in a direct analytical capacity.
• Strong communication skills and business acumen.
• Ability to write reports and plans conforming to prescribed styles.
• Proficient in Word, Excel (including pivot tables), and PowerPoint; experience with CRM and ERP systems like Oracle or BPCS.

Nice To Haves

• Experience in the aerospace industry.
• Familiarity with ITAR regulations and compliance processes.

Responsibilities

• Conduct market research to analyze competitor pricing for similar products.
• Review previous sales data and company expectations to determine market prices.
• Evaluate incoming proposal packages and lead bid no-bid meetings.
• Collaborate with Sales, Engineering, Product/Program Management, Finance, Supply Chain, and Operations to gather cost data.
• Analyze historical pricing data and report findings to establish pricing.
• Determine price elasticity of products and services.
• Critique existing pricing and identify products with poor profit margins.
• Update and maintain standard product price lists and customer LTA pricing.
• Develop countermeasure plans with Sales for declining production volumes.
• Understand and apply DFAR and ITAR requirements in pricing strategies.
• Coordinate cost and pricing activities among various disciplines for accurate product pricing.

Benefits

• Health insurance
• 401(k) plan
• Short and long-term disability insurance
• Paid time off
• Growth and developmental opportunities
• Incentive compensation programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Machinery Manufacturing
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees