Pricing Executive

5 days ago

Bengaluru Mumbai, India Ltimindtree Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Role & responsibilities

Pre-requisites: -

  • Professional qualification- MBA with 8+  years experience.
  • Minimum 5 years experience into Pricing and costing, preferably in IT sector but not mandatory.
  • Good communication and analytical skills, with ability to respond under pressure.
  • Basics of financial management and good understanding of financial statements.
  • Advanced financial modeling skills in Excel.
  • Ability and drive to work independently.

Responsibilities: -

IT Service Pricing:

  • Support and partner with business teams in building financial models including P&L and cash flow forecasts based on different pricing requirements of customers in RFPs, RFQs etc.
  • Leading effective price reviews on large opportunities with cross-functional staff teams.
  • Good understanding of Rate cards for different geographies, skills, Technologies will be an added advantage.
  • Functional ownership of pricing tool for deal pricing and Rate cards and continuous enhancement to support complexities in deal pricing.
  • Co-ordination with Sales, Delivery and other technical experts to understand, anticipate and meet their pricing needs.
  • Work closely with Sales and other business managers to determine cost effective solutions.
  • Collecting and managing information on various cost elements like Salaries, other direct costs and allowances, Visa, overheads etc. and maintaining pricing models with latest cost updates at all times.
  • Helping business teams in interpreting the pricing models in respect to costs, prices, assumptions and calculations.
  • Maintain quality, accuracy and consistency in building financial models.
  • Creation of Management Reports for Leadership Teams.

Contracts/ MSAs:

  • Review of contractual clauses in RFP/RFI/ MSA documents to guide business team in accepting standard T&C's as per company policy and highlighting risks where applicable.
  • Guiding business teams in securing necessary approvals for deviations from LTI standard.
  • Factoring into Pricing models all the T&C's that have financial implications and are not covered already under standard costs assumptions.

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