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Pricing/Costing Analyst

Company: Lebermuth Co Inc
Location: South Bend
Posted on: December 3, 2019

Job Description:

Description:Summary:The primary duty of a pricing and costing analyst is assessing data from a variety of sources and using it to derive insights into pricing strategies and market trends. This is a highly analytical role that requires working with complex data sets to determine and set competitive prices to gain market share and achieve revenue goals. Consider material and production costs, the competitions strategy, consumer trends, product quality and marketing. Responsible for establishing, maintaining, and analyzing pricing options, profitability projections, and make recommendations that will facilitate pricing decisions made by management. Interaction with other employees is a vital part of the job.Essential Duties & Responsibilities:? Assists in planning and forecasting of all product lines. ? Work with the sales and marketing team to define pricing structure for company products? Analyze trends, including competitors prices, consumer habits, marketing strategies and profitability.? Synthesize trends with internal data, including material costs, production costs, prices of products currently on the market, advertisement costs, current financial status and budget.? Proactively gather market data for pricing new products.? Identify ideal pricing structures and sales funnels.? Manage customer pricing, including discounts, special programs, price changes ? Download and organize baseline cost information, analyze and report on inconsistencies and identify opportunities to optimize sales and profitability through price strategies.? Perform margin and pricing analysis to support key business initiatives as required.? Address issues and concerns raised by team members relating to pricing suggestions? Collaborate with senior management to implement new pricing initiatives? Present findings to executives, marketing teams, and sales personnel through weekly or monthly meetings.? Participates in and provides support to cross-functional teams; conducting analysis and providing input to support objectives? Develop pricing tools that are used throughout the company to more quickly respond to changing market needs or trends.? Lead contact for customer account teams for pricing recommendations and actions? Monitor cost and raw material fluctuations.? Establishes cost standards with input from respective department managers.? Must stay abreast of market trends within the industry. ? Develop strategies that take advantage of untapped market segments when identified and work with marketing to gain market share in new avenues.? Communicate findings effectively to relevant departments of the company? Work closely with the Managers and Finance to aid in the decision-making process and provide ad hoc analysis and reporting.? Continually strive to promote a safe food culture, ensuring the production and shipment of safe quality food products? Perform other duties as assigned, including ad-hoc analysis on methods to optimize price through market and pricing strategies along with helping on other special projects..Requirements:Supervisory Responsibilities:There are no direct reportsQualifications:Education and/or Experience: Bachelors degree in accounting or finance and a minimum of five years applicable work experience, with two years in a manufacturing environment; or equivalent combination of education and experience from which comparable knowledge, skills and abilities have been achieved. Demonstrated accomplishments in the areas of pricing, finance or business analysis, as well as operational activities to support a strong productivity culture. Language Skills: Ability to read, analyze and interpret business periodicals, professional journals, technical procedures and governmental regulations. Strong collaboration and coordination skills to work cross functionally. Ability to write correspondence that is professional in both content and tone. Ability to effectively present information and respond to questions from Lebermuth departments. Mathematical Skills: Ability to apply mathematical and statistical concepts to achieve desired results. Strong problem solving and analytical skills to derive insights from multiple data sources and utilize them to develop models and provide pricing advice to decision-makers. Reasoning Ability: Ability to assess risks and opportunities within complex business situations. Demonstrated ability to recommend and make sound decisions quickly. Ability to solve practical problems and deal with a variety of concrete variables. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. Adept at using logic and reasoning to identify solutions to problems.Computer Skills: Ability to type with accuracy and speed. Strong working knowledge and experience with ERP systems. Demonstrated expertise in Microsoft Office products, particularly Excel.Physical and Sensory Demands:? Occasional travel, including day trip and overnight, utilizing various modes of transportation? Prolonged periods of sitting? Occasional periods of standing and walking? Frequent/Daily use of vision abilities for close, distant, peripheral, depth and color recognition, with the ability to adjust focus? Manual dexterity to type on computer keyboard and to operate office equipment? Frequent use of hands and fingers to handle, reach, grip, grasp and twist? Occasional need to kneel, stoop, bend and crouch? Minimal lifting throughout a scheduled work day, typically to move/carry file boxes? Occasional need to climb stairsCompetencies:? Exceptional attention to detail.? Regularly work in a fast-paced, ever-changing environment? Strong customer service orientation; ability to cultivate productive relationships with Lebermuth departments, customers and vendors? Superior teamwork & leadership skills? Strong process orientation? Excellent written and verbal communication skills? Openness to others points of view; ability to give and receive feedback in a professional manner? Ability to read and understand verbal and written instruction on an on-going basis? Interest and willingness to assist Company Management in moving the business forward? Ability to exercise sound and accurate judgment? Demonstrates strong attention to detail? Ability to prioritize and plan work activities; ability to multi-task; takes an organized approach to workWork Environment:? While performing the duties of this job, the employee is regularly exposed to perfumes and airborne particles? Noise level is usually moderate? Work schedule is generally 8-5pm, but may vary (to include evenings and/or weekends) due to travel requirements and business needsPM19 PI115624179

Keywords: Lebermuth Co Inc, South Bend , Pricing/Costing Analyst, Professions , South Bend, Indiana

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