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Position Summary
The Pricing Analyst position is responsible for product price development & maintenance for specific product lines in the Devices product portfolio. You will be responsible for the development of product & customer pricing strategies and executing them in the most efficient & profitable way. This includes understanding the global markets, performing customer and competitor analysis, and optimizing prices to maximize sales and margins. This position works closely with Product Management in developing price strategies & structures to support the financial objectives of the product lines & business unit. You will work closely with other teams within the global pricing organization: Pricing Operations, Agreement Pricing, and Pricing Analytics.
This is a unique role where the strategic alignment with Product & Sales Management is critical to optimizing the value of pricing to the business. The short-term expectation is to support transforming the organization from a highly transactional group to a strategic pricing group using the last technologies and best practices.
The Pricing Analyst position reports directly to the Product Pricing Manager.
Key Responsibilities
Strategy
· Define pricing strategies for assigned products & customers
· Own product “playbooks” used in executing pricing strategies
· Maintain close alignment to Product Management & Sales organizations
Optimization
· Adopt pricing segmentation & guidance methodologies
· Track overall price trends & health of price decisions
· Determine past/future price impact on sales & margin trends
· Monitor expected vs actual performance of standard & special prices
· Capture external competitive market data & leverage in analytics
Processes
· Understand and comply with TE global pricing policies, processes, and practices
· Recommend and implement bi-annual book price adjustments for each region & sales channel
· Drive process and analytical innovation based on solid ROI
Analytics
· Utilize advanced analytical models to determine optimal book prices
· Monitor daily transactions for any type of price leakage, e.g. price arbitrage, low-margins, etc.
· Identify products requiring book prices or in need of book price restructuring
· Perform margin and pricing analysis to support key business unit initiatives as required
Candidate Profile
Competencies/Skills:
· Proven ability to work in a global environment
· Excellent problem-solving and analytical capabilities
· Exceptional organization skill and detail oriented
· Ability to build relationships and team credibility across functions
· Proven decision-making skills & business acumen
· Effective communication (ability to simplify and effectively communicate complex concepts)
Background & Experience:
· Graduate or advanced degree in Economics, Finance, Business or comparable experience
· 4+ years of experience in Pricing or equivalent role
· Excellent written and verbal communication skills in English
· Experience in the electronics industry and with pricing processes & practices
· Proven ability to achieve business objectives beyond what may be required
· Experience with SAP and Advanced Pricing Software a plus
· Comfort with MS Office suite of tools and other relevant systems to manage assignment such as SAP and Tableau
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