Costing / Pricing Analyst

4 weeks ago

Vadodara, India ITT Inc. Full time

Position Summary The Pricing Analyst plays a critical role in managing global pricing activities for global/domestic accounts and providing insights to drive profitability and growth for the organisation. This position requires a strong analytical mindset, excellent problem-solving skills, and the ability to work collaboratively with cross-functional teams. It’s an exciting time to be part of ITT India. ITT is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for ITT but for those who count on us every day: our employees, customers and communities. Essential Responsibilities Responsibilites: Lead discussions to consult with business leaders to generate insights on customer price sensitivities, market intelligence, and profitability impacts, with the objective of Profit optimization. Review of BID/Tender/RFQ/Customer specs/TQ received from Sales/Application. Float RFQ to Advance Procurement Team /vendor for Buyout offers. Review & finalize Techno commercial Vendor offers/TQ. Close coordination with sales/Application team for Technical/commercial change/requirement Organize and participating in review meetings with customer/project consultants/vendor to freeze the requirement/deviation. Technical Bid Evaluation for various bought out items. Preparation of detail techno‐commercial offer. Inco term/duty benefit  Develop and maintain pricing models to optimise pricing strategies and drive profitability. Position Requirements Skills/Knowledge sought Pump/Motor/Seal Plan knowledge Knowledge on API 610/682 Knowledge on Motors, Lub systems or seal systems. Chemical and Oil & Gas industry knowledge Knowledge on Inco terms, Local Taxes, Duties etc., Knowledge on Application/Techno commercial Proposal preparation. Knowledge on costing for large size project considering the long term project risk. Interpersonal and communication skills. Proactive and results-oriented mindset with the ability to prioritise and manage multiple projects simultaneously. BE/Btech (Mech) with min 5 years of experience in relevant industry. MBA or advanced degree is a plus. What are we looking into an ideal candidate for the position? Decision-Making Under Pressure:  Ability to make timely and sound decisions in high-stakes or time-sensitive scenarios. Communication and Interpersonal Skills:  Clear communication with internal stakeholders, vendors, and cross-functional teams. Analytical Mindset:  Proficiency in analyzing data to drive purchasing decisions and supplier performance improvements. Adaptability and Problem-Solving:  Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues Customer-Centric Approach:  Focus on internal client satisfaction by ensuring timely and cost-effective procurement. Attention to Detail:  Precision in reviewing contracts, specifications, and procurement documents

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