Parts Pricing Assistant Manager

JOB TITLE:                  Parts Pricing Assistant Manager

DEPARTMENT:            Parts

REPORTS TO:              Parts Operations Manager

FLSA STATUS:            Exempt

The role is located in Lincolnshire, IL (north of Chicago).  This is a hybrid role (after 30 days).

Salary Range:  $100k-112k Depending on Experience

This full time position is complemented by a benefit offering including Medical, Dental, Vision, and Life Insurance, PTO, STD & LTD Benefits, 401k Retirement Plan and more.

Job Description Summary

The Parts Pricing Assistant Manager plays a critical dual role, combining quantitative and analytical proficiency with strategic pricing frameworks to optimize pricing for aftermarket parts. This involves not only reviewing, recommending, and maintaining pricing strategies but also conducting in-depth market research and competitive analysis to benchmark performance within the company’s market segment. This role requires a strong command of data analytics to inform pricing decisions and enhance profitability.

Additionally, effective communication and influence skills are essential for collaborating with cross-functional teams and stakeholders, ensuring alignment and successful execution of projects. Within defined limits, the Parts Pricing Assistant Manager will make independent decisions regarding the planning, organizing, and scheduling of work involved, driving strategic initiatives that support the overall business objectives.

Duties and Responsibilities

-         Conduct comprehensive market research and competitive analysis to inform strategic pricing frameworks and identify actionable opportunities for competitiveness, margin enhancement, and market growth.

-         Utilize quantitative and analytical proficiency to analyze parts gross margin reports, evaluating positive and negative trends or pricing variances, and make data-driven recommendations to management.

-         Maintain and optimize pricing records, leveraging analytical skills to recommend pricing for new parts based on market and competitive insights.

-         Compile and analyze pricing intelligence, developing and maintaining a robust database containing competitive pricing information to support strategic decision-making.

-         Review all cost drivers influencing margin such as supplier cost, freight, import fees & tariffs, applying analytical methods to identify discrepancies and make pricing recommendations.

-         Collaborate with cross-functional teams, effectively communicating core requirements for assigned projects and influencing decision-making processes.

-         Reporting and Visualization: Create detailed reports and dashboards using BI tools such as Tableau, Power BI, or QlikView to present pricing analysis and recommendations.

-         Prepare project organization and communication charts/spreadsheets, tracking progress and work performed with a focus on analytical reporting.

-         Proactively communicate ideas for improving company progress with a positive and constructive attitude, leveraging market research and competitive analysis.

-         Keep management informed about project status and issues that may impact objectives, utilizing technological proficiency to streamline reporting processes.

-         Implement solutions to business objectives through configuration, documentation, or process improvements, grounded in quantitative analysis.

-         Support the Parts Sales and Marketing Manager and Parts Coordinator with information gathering, pricing updates, and analytical reports that enhance strategic decision-making.

-         Maintain various spreadsheets and data records by extracting, combining, updating, and creating new spreadsheets, demonstrating advanced technological proficiency.

-         Document processes and update existing scripts, ensuring clarity and accessibility for team members.

-         Manage special projects as assigned, utilizing project management skills to drive success.

-         Support co-workers in other departments as needed, fostering a culture of collaboration and shared success.

-         Inform management of all noteworthy activities, ensuring transparency and alignment with strategic goals.

-         Maintain an organized and secure work environment

-         Support co-workers in other departments as needed

-         Inform Manager of all noteworthy activities

-         Follow safety guidelines and department and corporate policies and procedures

Authority

N/A

Job Knowledge, Skills, and Abilities

-         2+ years of experience building dashboards & reports in Power BI preferred.

-         Familiarity with big data processes (extracting, storage, processing, scripting, etc.) and associated tool/products is preferred.

-         Understanding of business and cost accounting to perform quantitative analysis for calculating gross margins and pricing strategies.

-         Advanced analytical skills with the ability to analyze large datasets using Excel, including proficiency in formulas, pivot tables, and data visualization tools.

-         Project management or coordinator skills with leadership ability, capable of influencing cross-functional teams.

-         Excellent communication and interpersonal skills, demonstrated by the ability to resolve conflicts, develop appropriate solutions to problems, and maintain mutually beneficial relationships with vendors and co-workers.

-         Self-motivated and reliable, with the ability to work independently with minimal supervision while meeting deadlines.

-         Strong organizational skills, capable of multi-tasking and maintaining flexibility in a fast-paced environment.

-         Proficient in written and verbal communication, with a strong command of the English language.

-         Advanced knowledge of spreadsheet applications (Google Sheets) and S4Hana, with some knowledge of Powe BI tools.

-         Willingness to travel on an as-needed basis, potentially overnight

Education and Training

-         Bachelor’s degree in business management, finance, economics, mathematics, or equivalent experience

-         5 years prior experience in competitive market or business analysis with aftermarket parts, pricing analysis and procedures 

-         3 years’ experience in project management or coordinator role or related experience  

Physical Demands

-         Sitting for long periods of time with some walking, stooping, bending, kneeling, and reaching

-         Dexterity to make fast, simple, repeated movements of the fingers, hands, and wrists

-         Movement by holding, turning, and grasping of objects

-         Reaching by extending hands in any direction

-         Ability to drive a car and travel by air

-         Ability to hear normal conversations on phone or in person

-         Ability to see more than 20 feet

-         Ability to see color and see/read computer screen

Work Environment

-         Work is performed in an office environment.  Noise level is moderate

-         Limited exposure to the warehouse.  Limited exposure to temperature variations when shipping doors are open

-         While traveling, will experience noise and comfort levels common to automobiles and airplanes

Tools and Equipment

-         Computer and other general office equipment