1 Pricing Analyst Job in Springville, UT
Safeguard Global Recruiting is Hiring a Pricing Analyst Near Springville, UT
Our client, a manufacturing company dedicated to delivering high-quality products to our customers, is currently looking for an experienced Pricing Analyst to contribute to pricing strategies and ensure the company's competitiveness in the market.
Position Overview: The Pricing Analyst will play a crucial role in analyzing market trends, pricing structures, and competitive landscapes to optimize our pricing strategies. The successful candidate will have a keen analytical mindset, strong attention to detail, and a proven track record of driving profitable growth through effective pricing practices. If you have a passion for numbers, an understanding of market dynamics, and the ability to make data-driven recommendations, we invite you to apply for this exciting opportunity.
Responsibilities:
- Conduct thorough market research and analysis to understand pricing trends, competitor pricing strategies, and industry dynamics.
- Collaborate with cross-functional teams, including sales, marketing, and finance, to gather relevant data and insights for pricing decisions.
- Develop and maintain pricing models to evaluate and optimize product pricing, ensuring alignment with business objectives and profitability targets.
- Monitor and analyze the performance of existing pricing strategies, making recommendations for adjustments as needed.
- Assess the impact of external factors, such as economic conditions and regulatory changes, on pricing strategies.
- Work closely with sales teams to provide pricing guidance, support deal negotiations, and ensure consistency in pricing approaches.
- Identify opportunities for pricing optimization, discount structures, and promotional strategies to maximize revenue and market share.
- Prepare and present pricing reports and recommendations to senior management, providing insights into key performance metrics and areas for improvement.
- Stay informed about industry trends, competitor activities, and market developments that may impact pricing decisions.
- Collaborate with IT teams to enhance pricing tools and systems for more efficient and accurate analysis.
Qualifications:
- Bachelor's degree in Business, Finance, Economics, or a related field.
- Minimum of 3 years of experience as a Pricing Analyst in a manufacturing or related industry.
- Strong analytical skills with proficiency in Excel and data analysis tools.
- Knowledge of pricing methodologies, market research techniques, and financial analysis.
- Excellent communication and presentation skills, with the ability to convey complex pricing concepts to diverse stakeholders.
- Detail-oriented with a strategic mindset and the ability to think critically.
- Experience working with ERP systems is a plus.
- Proven ability to work collaboratively in a cross-functional team environment.
- Understanding of manufacturing processes and product life cycles is desirable.
Job Summary
Full Time
$63k-79k (estimate)
06/15/2024
07/02/2024
The following is the career advancement route for Pricing Analyst positions, which can be used as a reference in future career path planning. As a Pricing Analyst, it can be promoted into senior positions as a Competitive Pricing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Pricing Analyst. You can explore the career advancement for a Pricing Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Pricing Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Pricing Analyst job description and responsibilities
Pricing analysts understand business trends and market values for the products and services their organizations offer.
03/24/2022: Virginia Beach, VA
Pricing analysts help determine what prices to set and whether current rates need adjustment.
02/05/2022: Denver, CO
Pricing analysts conduct research to learn the history of the product and previous market trends.
02/24/2022: Lafayette, LA
Pricing analysts collaborate with organizations that employ some form of a recurring revenue model to test various hypotheses about the efficacy of existing and proposed business models, pricing and packaging structure, and general market behavior.
03/14/2022: Boca Raton, FL
Heavily quantitative role focused on guiding management through developing pricing policies.
03/05/2022: Helena, MT
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Pricing Analyst jobs
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
04/10/2022: Fayetteville, NC
Students and new graduates can usually gain the necessary experience through a junior pricing analysis or finance position.
01/21/2022: Springfield, IL
Use pricing models to measure product profitability.
03/27/2022: Pittsfield, MA
Undertake ad-hoc pricing analysis as required by superiors.
03/02/2022: Boulder, CO
Therefore, to better understand changing price points, businesses should conduct new pricing-sensitivity study and market price tests right away.
03/12/2022: Hopkinsville, KY
Step 3: View the best colleges and universities for Pricing Analyst.
