Corporate Pricing Analyst

at Justrite Manufacturing Company, LLC in Deerfield, Illinois, United States

Job Description

Description

Justrite Safety Group is a growing family of industrial safety companies. Together we protect workers, workplaces and the environment with a comprehensive range of industrial safety solutions. All Justrite Safety Group portfolio companies are united by deep safety knowledge, long experience, and a commitment to protecting people, property, and the planet.
SUMMARY
The Corporate Pricing Analyst play a key role in JSG's strategy to profitability grow the business. The position will be a highly collaborative role that will partner with sales, product management, finance, and IT to help drive corporate pricing initiatives. The role will help support corporate oversight of our price strategies, develop insightful analytics on gross margin and price traction performance and partner with our business units to help create strategic actions plans that will help drive profitable growth. The position is a hybrid position, located in Deerfield, IL.
RESPONSIBILITIES
Reporting to the Corporate Pricing Manager this position will support the development and compliance for corporate pricing strategies to maximize profitability while ensuring competitive positioning in the market. The position will be responsible for analyzing market trends, competitor pricing, and internal data to optimizing pricing decisions across the JSG product portfolio.
Price Analysis and Optimization:
Conduct comprehensive analysis of pricing data, including costs, margins, and market trends
Evaluate competitor pricing strategies and market dynamics to identify pricing opportunities and leakage
Optimize pricing strategies by performing cross-functional work with Product Managers, Finance, and Sales
Lead the tracking and enforcement of our MAP (Minimum Advertised Price) policy
Price Modeling and Forecasting:
Support the development of pricing models and tools to support data-driven decision-making
Assist in forecasting the impact of pricing changes on sales volume, revenue, and profitability
Monitor pricing performance and adjust strategies as necessary to achieve business objectives.
Margin Management:
Monitor product margins and identify opportunities for margin improvement
Work closely with product management and sales teams to optimize pricing decisions while maintaining competitive positioning
Implement pricing controls and guidelines to ensure consistency and alignment with overall business goals
Act as SME for the tools we use to track competitive pricing and develop analysis that can be leveraged to drive analytical market decisions
Competitive Analysis:
Conduct regular competitive analysis to understand market trends, pricing strategies, and positioning
Provide insights and recommendations based on competitive intelligence to inform pricing decisions and market strategies
Cross-Functional Collaboration:
Collaborate with sales, marketing, product management, finance and IT teams to align pricing strategies with business objectives and market dynamics
Provide guidance and support on pricing-related initiatives and promotions
Communicate pricing changes and updates internally and externally as needed
REQUIREMENTS:
Bachelor's degree in Finance, Accounting, Economics or related field
3 - 5 years of overall experience in finance, pricing or product management
Proficiency in data modeling, large data analysis tools and techniques
Strong Microsoft Office skills, Excel in particular
Excellent analytical, problem-solving, and communication skills
Ability to work effectively with all levels of the organization and across departments
Attention to detail and continuous process improvement mindset
Action oriented, hands-on, "roll up your sleeves"-type approach
Ability to multi-task and work in a fast-paced team environment efficiently and effectively
BENEFITS:
We offer excellent comprehensive benefits that include:
Medical, Dental & Vision benefits
Health Care Savings Accounts and Flexible Spending Accounts
Paid time off including vacation & personal time
401K - with company match. Both pretax and Roth options available
Company paid Short Term Disability
Company paid Long Term Disability
Company paid Employee Assistance Program
Employee Wellness Program

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or... For full info follow application link.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities