Costing / Pricing Analyst

About ITT:

ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.
Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations.

Our businesses are organized in three distinct segments, each based around our core engineering DNA: 

Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj. 

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 

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.

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.

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