Pricing Analyst

Job Description

A pricing analyst is responsible for researching and recommending optimal prices for Sierra Aluminum's products by analyzing market trends, competitor pricing, cost structures, and customer behavior to ultimately maximize profitability through data-driven pricing strategies; the key duties include conducting market research, analyzing sales data, identifying pricing opportunities, preparing/reviewing proposals and communicating pricing recommendations to relevant stakeholders.

Here are some of the great benefits that we offer:

• Competitive salary
• Company paid health and dental benefits
• Paid vacation
• 401K Plan with company match
• Opportunity for career stability and growth
• Tuition reimbursement program
  
  

Responsibilities

• MARKET RESEARCH: Conduct in-depth analysis of market trends, competitor pricing, and customer demand to understand the competitive landscape.
• DATA ANALYSIS: Utilize data analysis tools to interpret sales data, identify pricing patterns, and assess the impact of price changes on revenue and margins.
• CONTROLS: Monitor sales order prices, update price lists, and research/correct deviations.
• MANAGEMENT PRESENTATIONS: Prepare and present weekly, monthly and quarterly pricing fluctuation analysis and profitability impacts. Prepare comprehensive reports and presentations to communicate pricing recommendations to senior management and cross-functional teams.
• PRICING MODELING: Create and maintain pricing models to simulate different pricing scenarios and forecast potential revenue impacts.
• FINANCIAL PLANNING: provide data and analysis to build forecast, budgets, and long range forecasts
• BUSINESS DECISION SUPPORT: Review all proposals and measure adequate profitability and volume trade off. Develop and implement pricing strategies based on market insights, including tiered pricing, value-based pricing, and promotional pricing.
• COST ANALYSIS: Understand Bills of Materials (BOMs), costs, and profit margins. Measure actual pricing performance vs estimate/quoted prices. Evaluate the costs associated with producing and distributing products to determine profitable price points.
• TEAM: Develop and guide the activities related to pricing.
• RELATIONSHIPS: Build strong working relationships with all internal stakeholders (sales, operations, purchasing) and interface with customers when necessary.
• SPECIAL PROJECTS: Undertake any other special projects as deemed necessary.
  
  

EDUCATION AND/OR EXPERIENCE:

• Minimum 3 to 5 yrs of experience required within manufacturing and sales
• Bachelor's degree in business, finance, economics, statistics, or a related field
• Experience in market research, data analysis, or business analysis
• Knowledge of pricing theory and practices
• Previous experience in a manufacturing environment is required.
• Experience with ERP systems and proficient in the use of various software programs.
• Knowledge of EPICs and Microsoft Dynamics 365 for Finance and Operations is an asset.
  
  

Qualifications

• Strong Proficiency in data analysis software (Excel, Tableau, SQL) and pricing optimization tools
• Excellent interpersonal skills.
• Strong written and oral communication skills.
• Deep understanding of the industry, market dynamics, and customer behavior.
• Superior analytical and problem-solving skills, along with exceptional modeling capabilities.
• Sharp business acumen and the ability to set priorities, meet deadlines, and multi-task in a fast-paced environment with minimal supervision.
• A solid self-starter and collaborator who understands and can articulate key drivers of the business, prioritizes efforts and resources to drive results.
• Understanding and support of Company policies and procedures.
• Ability to understand and abide by all safety rules and regulations.
• Ability to translate complex data into actionable business insights and pricing decisions
  
  

The annual base salary range for this position is $69,120 - $95,040. If you are hired, your annual base pay will be determined based on factors such as geographic location, skills, education, and/or experience. In addition to those factors, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer. Please keep in mind that the range mentioned above is the full base pay range for the role. Hiring at the maximum of the range would not be typical in order to allow for future and continued wage growth.

At Sierra Aluminum we believe in a culture of equality. Respect and integrity are at our core. We are committed to building and embracing a diverse workforce and creating an environment that is open and inclusive for everyone.

Samuel, Son & Co. U.S. Inc./ Sierra Aluminum provides equal opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.

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