What are the responsibilities and job description for the Senior Pricing Analyst position at Griffith Foods?
Location: Hybrid (Alsip & Home)
Summary: The Senior Pricing Analyst is responsible for managing and improving the profitability of specific business segments within Griffith Foods in alignment with our company strategy. The role delivers complex business analytics and leads the development of recommendations to senior leadership and Sales to guide key business decisions with a direct impact to our company performance and strategy initiatives. Support sales with pricing activities with a focus on margin improvement; business analytics and sales reporting. Recommend and develop improvements to the existing pricing process, guidelines, and strategies. Synthesize current business intelligence or trend data to support recommendations for pricing action. Implement long and short-term business and pricing strategies to achieve profit and growth objectives. Lead analysis for senior leadership, Sales, and other internal stakeholders to develop and execute value-added pricing strategies and business proposals. Responsible for providing reports on incentives and global corporate reporting.
Essential Duties & Responsibilities:
- Develops and executes profitable pricing strategies and business proposals in alignment with our company Purpose and strategy through collaboration with senior leadership, Sales, purchasing, product development, supply chain, and other cross-functional teams.
- Prepares financial scenario models and proposes pricing options based on value-add, market, and competitive information to drive financial performance.
- Assists in financial forecasting and fiscal year budgeting process through effective collaboration and communication with Sales and detailed analysis.
- Manages the pricing process within the Griffith Pricing Applications system and Microsoft Dynamics system with full responsibility for all sales analysis and data entry.
- Provides ad hoc sales information to internal and external customers.
- Supports Client RFI, (Request for Information) and RFP's (Request for Price)
- Prepares and executes mass price updates within urgent periods as needed.
- Maintains and executes account profitability analysis and price review process as needed using Protocols system and reports.
- Ensures business activities for meeting contribution margin and gross margin targets, and challenges sales to provide rationale on quotes below company guidelines.
- Participate in customer calls or in person visits to support the commercial team in any pricing related matters.
- Leverages cross functional relationships with Supply Chain and risk management to minimize risk and waste exposure.
- Responsible for all client-related pricing requests, including but not limited to: Price Lists, Line Item Details, and update/maintenance of clients pricing database.
- Lead training of new analysts and sales leaders
- Maintain cost records and provide reports on incentives, rebates, royalty, and brokerage fees.
- Responsible for maintaining and providing corporate reports.
- Mentor pricing analysts.
Qualifications:
- Bachelor’s degree in Finance, Business Administration, or related field from a four-year college or university.
- Minimum 3 years related experience.
- Work independently and manage projects effectively.
- Strong oral and written communication skills and the ability to communicate effectively with all levels of personnel.
- Excellent organization skills and attention to detail, plus ability to manage multiple priorities and complete tasks with minimal supervision.
- Advanced EXCEL usage including but not limited to VLOOKUP, pivot table usage and development, formula development.
