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SR. Pricing Analyst in Lewisville, TX at Standard Motor Products

Date Posted: 7/17/2021

Job Snapshot

Job Description

Job Description and Responsibilities:

The Sr. Pricing Analyst will support the Pricing & Profitability Manager with customer pricing, assist in executing pricing strategies to maintain and expand new business opportunities. In addition, this individual will be responsible for analyzing complex price movement factors and pricing models, providing detailed analysis and commentary related to product or customer profitability, and developing and utilizing pricing tools and models to ensure consistent application of pricing and profitability guidelines.

Specific Duties include:

  • Work with the Pricing Manager and Product Management to develop and implement product price strategies, including segment strategies for the various markets and channels.
  • Assist in developing reporting and tools to track overall market competitiveness for our product segments; benchmark sell prices across customers.
  • Participate with new product development teams to define customer pricing requirements and effectively model pricing strategies and margin expectations on new product launches.
  • Collaborate with Pricing & Profitability Manager to monitor and address customer issues and resolve them in a timely manner.
  • Maintain product knowledge and regularly monitors industry pricing practices, particularly for major competitors and distributors.
  • Understand the value position of products against competition, competing alternatives, and internal product offering.
  • Support periodic (annual, quarterly, monthly) budgeting, forecasting, and performance reporting process.
  • Provide management with market and/or trend information needed to make strategic pricing decisions.
  • Develop consumer and pricing insights from data-driven analysis that result in specific action plans.
  • Lead the development and evolution of analytical models establishing objectives, key metrics, and test plans.

Job Requirements

Job Requirements:

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field
  • 2+ years experience in analytical and strategic roles with experience in pricing
  • Strong verbal and written communication skills
  • Strong project management skills with the ability to manage multiple competing priorities
  • Ability to navigate through complex issues, interpret and transform financial data into recommendations to senior leadership
  • Advanced MS Excel and experience mining and analyzing data with competency in SQL
  • Highly organized with the ability to work independently when needed, prioritize activities, manage timelines, and effectively deal with a fast-paced environment

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