PEI Genesis
Pricing Analyst
PEI Genesis, Phila, Pennsylvania, United States, 19117
Job Details
LevelExperienced
Job LocationPEI-Genesis Philadelphia HQ - Philadelphia, PA
Remote TypeHybrid
Position TypeFull Time
Education Level4 Year Degree
Job CategoryStrategy - Planning
Description
*COVID-19 VACCINATION REQUIRED FOR EMPLOYMENT*
*Equal Opportunity Employer Veterans/Disabled*SUMMARY:
The Pricing Analyst ("Analyst") is responsible for determining the appropriate pricing for products based on a variety of factors. Their duties include conducting market research to learn more about competitor pricing for similar items, reviewing previous sales data to meet department revenue needs and deciding a market price for a range of products based on their findings. Additionally, the Analyst must work with suppliers, the PEI Sales team and internal engineering and technical staff to develop competitive quotes in a timely manner that generate profitable business for PEI. This individual should be a strong team player, data-driven, eager to learn and results-oriented. The Analyst must provide excellent customer service, maintain the quality and integrity of the pricing models and tools, and become a Trusted Advisor to the sales team.
Qualifications
EDUCATION & EXPERIENCE:Bachelor's degree (finance/mathematics preferred) or 4-5 years previous quotation experiencePreferred industry experience in the electro-mechanical components or physical goodsTECHNICAL and/or MANAGERIAL JOB COMPETENCIES:
Ability to multitask in a high volume fast paced work environment with very tight deadlines.Organized, detail oriented and efficient with time managementStrong interpersonal skills with proven ability to communicate effectively (both written and oral) with internal customers, as well as suppliersAdvanced knowledge of Microsoft Excel is a mustAbility to quickly learn products, processes, and internal systemsDevelop a comprehensive knowledge of product lines and alternate product substitutesESSENTIAL TASKS AND RESPONSIBILITIES :
Review all incoming large quote requests to determine a plan of actionNegotiate pricing with suppliers for large quotesCommunicate with Product Management and suppliers to discuss material specifications and identify alternative solutionsCollect and collate all information needed to prepare the proposal within pricing guidelines, including cost elements as well as cross-referencing for the preparation of final quotation submittalIdentify potential risks in the quotations, and in any related contract agreements across customers/channelsInform on optimal price points for different bidsCreate an accurate and professional proposal quotation package to return to the customer in response to requests for quotation'sFollow-up on open/outstanding customer quotations with salespersons and customers to determine status and develop strategy for future bidsUpon award, follow all necessary process to ensure proper costing is setup in the system and communicate with all departmentsSet up contract pricing in ASW systemCollect and analyze quotation data to determine patterns and reasons for success or failureIdentify commonly ordered stock/non-stock items and recommends additions/changes in stock levels to managementReview backlog for opportunities to increase profitsDraft strategic pricing plans and processes to improve existing projects
#LI-AS1
LevelExperienced
Job LocationPEI-Genesis Philadelphia HQ - Philadelphia, PA
Remote TypeHybrid
Position TypeFull Time
Education Level4 Year Degree
Job CategoryStrategy - Planning
Description
*COVID-19 VACCINATION REQUIRED FOR EMPLOYMENT*
*Equal Opportunity Employer Veterans/Disabled*SUMMARY:
The Pricing Analyst ("Analyst") is responsible for determining the appropriate pricing for products based on a variety of factors. Their duties include conducting market research to learn more about competitor pricing for similar items, reviewing previous sales data to meet department revenue needs and deciding a market price for a range of products based on their findings. Additionally, the Analyst must work with suppliers, the PEI Sales team and internal engineering and technical staff to develop competitive quotes in a timely manner that generate profitable business for PEI. This individual should be a strong team player, data-driven, eager to learn and results-oriented. The Analyst must provide excellent customer service, maintain the quality and integrity of the pricing models and tools, and become a Trusted Advisor to the sales team.
Qualifications
EDUCATION & EXPERIENCE:Bachelor's degree (finance/mathematics preferred) or 4-5 years previous quotation experiencePreferred industry experience in the electro-mechanical components or physical goodsTECHNICAL and/or MANAGERIAL JOB COMPETENCIES:
Ability to multitask in a high volume fast paced work environment with very tight deadlines.Organized, detail oriented and efficient with time managementStrong interpersonal skills with proven ability to communicate effectively (both written and oral) with internal customers, as well as suppliersAdvanced knowledge of Microsoft Excel is a mustAbility to quickly learn products, processes, and internal systemsDevelop a comprehensive knowledge of product lines and alternate product substitutesESSENTIAL TASKS AND RESPONSIBILITIES :
Review all incoming large quote requests to determine a plan of actionNegotiate pricing with suppliers for large quotesCommunicate with Product Management and suppliers to discuss material specifications and identify alternative solutionsCollect and collate all information needed to prepare the proposal within pricing guidelines, including cost elements as well as cross-referencing for the preparation of final quotation submittalIdentify potential risks in the quotations, and in any related contract agreements across customers/channelsInform on optimal price points for different bidsCreate an accurate and professional proposal quotation package to return to the customer in response to requests for quotation'sFollow-up on open/outstanding customer quotations with salespersons and customers to determine status and develop strategy for future bidsUpon award, follow all necessary process to ensure proper costing is setup in the system and communicate with all departmentsSet up contract pricing in ASW systemCollect and analyze quotation data to determine patterns and reasons for success or failureIdentify commonly ordered stock/non-stock items and recommends additions/changes in stock levels to managementReview backlog for opportunities to increase profitsDraft strategic pricing plans and processes to improve existing projects
#LI-AS1