Pricing Analyst

1 week ago


Mumbai, Maharashtra, India ApralisHR Full time


A prominent worldwide producer of airflow, motion control, power transmission, and power generation solutions applied across commercial, industrial, and residential environments.


Job Title:
Pricing Analyst

Department:
Pricing

Reports to:
Global Pricing Lead

SUMMARY OF ROLE:

In the role of Pricing Analyst, your primary responsibility will be overseeing the pricing strategy for our esteemed micro-motion product range across our clientele.

You'll develop a comprehensive understanding of our operations, ensuring top-tier service delivery for both standard and customized solutions.

EDUCATION and EXPERIENCE:

  • Bachelor of Engineering in Mechanical or Production with 45 years of experience OR
  • Bachelor of Engineering in Mechanical or Production combined with an MBA in Marketing and over 3 years of relevant experience

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

  • Collaborate with crossfunctional teams to ensure toptier service levels through pricing strategies, aiming for high customer scorecard ratings and fostering profitable revenue growth.
  • Devise and implement pricing strategies aligned with our product positioning and strategic objectives.
  • Establish streamlined processes and tools to enhance the quality of technocommercial proposals and reduce turnaround time for customers.
  • Assist in the monthly Sales, Inventory, and Operations Planning (SIOP) process, maintaining site forecasts and working closely with Finance, Sales, Product Management, and Operations teams to achieve financial targets.
  • Aid the Global Product Management team in effectively implementing 80/20 product strategies at operational sites.
  • Lead crossfunctional teams in identifying initiatives for product cost optimization through the execution of techniques such as Purchase Price Variance (PPV), Value Analysis/Value Engineering (VAVE), and productivity enhancements.
  • Participate in the review process of customer contracts/ agreements to ensure alignment on commercial matters.

CAPABILITIES & KEY SUCCESS FACTORS:

  • Demonstrates a robust entrepreneurial spirit and a drive for continuous learning and business management.
  • Capable of independently addressing challenges and making informed decisions.
  • Possesses strong influence skills, adept at achieving results through collaboration within crossfunctional teams.
  • Exhibits meticulous attention to detail coupled with a sense of urgency.
  • Takes a proactive approach with a keen emphasis on execution and timely delivery.
  • Assertive communicator with effective presentation skills.
  • Demonstrates superior analytical prowess.

FUNCTIONAL COMPETENCIES:

  • Familiarity with B2B/Industrial Marketing and OEM Sales.
  • Proficiency in financial analytics, including budgeting, P&L analysis, margin assessment, ROI evaluation, and related areas.
  • Mastery of Microsoft Office tools is essential.

KEY RELATIONSHIPS:

  • Internal: Product Lifecycle Management (PLM), New Product Development Team, Commercial Team
  • External: Customers

PERSONAL TRAIT/PROFILE:

  • Proficiency in fostering collaborative relationships across teams and establishing effective relationship
frameworks.

Skill in working across organizational boundaries to comprehend key drivers and influencers.

  • Demonstrated capacity to act with urgency, selfmotivation, and a keenness for continuous learning.
  • Adaptability to work within a global environment and flexibility regarding office hours.
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