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Under limited supervision, the analyst is responsible for advanced pricing research and analysis and provides pricing recommendations to maximize revenue and profit for Motion's products and services. Manages and updates pricing databases to track current and historical pricing of the company's products. Develops pricing strategies to meet customers' needs while providing a profit for the organization. Determines core business costs of service in support of pricing development. Designs, implements and maintains pricing infrastructures. Provides reporting and documentation of pricing structures and serves as the point-of-contact for pricing inquiries from AVP, Corporate Account Mangers, Compliance Mangers, and branches related to Corporate Accounts. Suggests variation in prices. Responsible for undertaking activities associated with improving market access and profitability for a range of Motion's products and services.
Job Responsibility:
Manages existing pricing structures for various types/sizes of accounts
Uses pricing tools to work with the Corporate Account Support teams to load each of these customers’ pricing matrices
Works with management to review/implement pricing programs
Summarizes information and develops complex reports
Evaluates effectiveness of pricing strategies and modifies pricing structures as needed
Communicates a pricing and margin plan to all supported areas as determined by management
Provides supported areas a list of line items where the recommended pricing structure was not followed, investigates/recommends changes to pricing algorithms to increase compliance
Evaluates usage for accounts, establishes pricing files and adjusts item pricing as needed
Keeps track of all expiration dates for all special pricing programs
Obtains and manages dates and amount of all supplier price increases
Evaluates customer impact and updates pricing structure as needed
Performs other duties as assigned
Analyzes customer usage and historical pricing on accounts to prepare a recommended pricing structure
Requirements:
Typically requires a bachelor’s degree and five (5) to seven (7) years of related experience or an equivalent combination
Must be analytical and detailed-oriented
Must be proficient or able to become proficient with a variety of software programs and tools, pricing analysis and other pricing methodologies including proprietary tools and methods
Excellent excel skills required
Excellent communication skills required
Must be able to discretely handle sensitive and highly confidential information
The position must have a financial analysis background and be able to develop advanced spreadsheet models, charts, graphs, and develop key performance indicators (KPI's) to track pricing effectiveness
What we offer:
options for healthcare coverage, 401(k), tuition reimbursement, vacation, sick, and holiday pay