Pricing analyst job description
Pricing analyst job description
Job purpose of Pricing analyst is to establish, maintain and analyze price reference documentation, and to make recommendations that will facilitate optimal pricing decisions to be made by Pricing, Marketing and Sales teams.
I. Sample functions of Pricing analyst
1. Provide regular and ad hoc pricing analysis and reporting for management.
2. Work with Product Management to develop and implement product price strategies including segment strategies for the various markets and channels.
3. Coordinate proposal development with the sales team and management.
4. Prepare multi-year cost/pricing models to include labor, materials, subcontracts, and travel and write descriptive pricing volumes.
5. Ensure compliance with government contracting regulations.
6. Requires an understanding of indirect cost pools, forward pricing projections, bid multiplier rate analysis, etc.
7. Monitor and update commercial price lists and GSA pricelists as needed.
8. Provide project support and analysis to program managers, to include:
9. Validate sales quotations for accuracy and profitability.
10. Download and organize baseline price information, analyze and report on inconsistencies, and identify opportunities to optimize sales and profitability through price strategies.
11. Establish a system of documentation, communication and review of internal and external comparative price data, including wins and losses due to price
12. Monitor, analyze, and report on monthly Price Realization (erosion) versus budget commitment on specific SPAs, quotes, market segments and/or customers.
13. Perform margin and pricing analysis to support key business initiatives as required
14. Perform monthly analysis of existing transactional level data to identify price/margin erosion and assist sales and product management teams in constructing and implementing solutions.
15. Assist program managers in development and analysis of project budgets.
16. Monitor contract value, funding needs, and change orders in coordination with contract specialist and adjust budgets accordingly.
17. In coordination with project managers, prepare projections of revenue and expenses for projects based on numerous variables and data assumptions.
18. Provide financial analysis support to management, to include:
19. Analysis of corporate budget vs. actual expenses
20. Create rolling financial statement and indirect rate forecasts based on the latest contract revenue and expense projections and budget assumptions.
21. Independently develop new Excel models, charts and graphs, and procedures as necessary.
22. Analyze market dynamics, pricing trends, market opportunities, operating and sales margins in order to develop reports, procedures and tools for pricing and quoting.
23. Manage price change execution related to SPAs and quotes, including data integrity and consistency.
24. Take initiative in identifying and resolving issues around pricing and margin.
25. Perform other duties as assigned, including ad-hoc analysis on methods to optimize price through market and pricing strategies.
II. Related docs to job description:
• Pricing analyst job specification
• 20 financial job descriptions samples.
• All financial KPIs.
• 5 steps to writer write an effective job description.
• 12 tips to write job description.
• Financial interview questions.
• All samples of Financial resumes
You also can save as this free file as pdf/doc or download free career, KPI ebooks at sidebar. Update: 2011.
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