Costing / Pricing Analyst

2 weeks ago

Vadodara, Gujarat, India ITT Inc. Full time ₹ 5,00,000 - ₹ 12,00,000 per year

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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