Pricing Analyst(Aerospace/Defense)

Position Overview

We are seeking a detail-oriented and analytical Pricing Analyst I to support pricing strategies, market analysis, and profitability initiatives within a manufacturing environment.

This entry-level position will be responsible for analyzing pricing data, evaluating competitive market conditions, assessing product costs, and providing recommendations to improve business performance and profitability.

The ideal candidate will possess strong analytical and quantitative skills, proficiency in Microsoft Excel and Access, and a general understanding of manufacturing processes and cost accounting principles.

This role will collaborate with product management, sales, marketing, and other business functions to support pricing decisions, implement process improvements, and develop reporting tools that drive long-term business success.

Key Responsibilities

Pricing Analysis & Strategy

• Analyze pricing data and provide recommendations based on customer value, competitive market conditions, and company costs.

• Evaluate product markets to determine appropriate ceiling and floor pricing.

• Analyze the relationships between pricing, sales volume, costs, competition, distribution, and market segmentation.

• Recommend pricing levels that support profitability and business objectives.

• Support the development and implementation of strategic pricing initiatives.

• Monitor pricing effectiveness and identify opportunities for improvement.

• Assist with evaluating and updating product pricing structures.

Product Pricing & Profitability

• Partner with business divisions to determine appropriate product list prices, standard discounts, and rebates.

• Assist with restructuring, updating, communicating, and publishing price increases.

• Analyze product costs, market trends, and competitive positioning to support pricing decisions.

• Evaluate the impact of pricing changes on sales volume and profitability.

• Support pricing strategies that align with long-term business goals.

Pricing Processes & Continuous Improvement

• Design and implement continuous improvement initiatives to enhance pricing processes and systems.

• Identify opportunities to eliminate waste, improve efficiency, and streamline workflows.

• Collaborate with cross-functional teams to improve pricing systems, reporting tools, and business processes.

• Develop and implement tools to support product managers and field sales teams.

• Establish feedback mechanisms to evaluate and improve pricing models.

• Support consistent implementation of corporate pricing strategies across business divisions.

Exception Pricing & Pricing Controls

• Analyze exception pricing processes and recommend appropriate guidelines and approval authority levels.

• Support a structured and disciplined approach to pricing exceptions.

• Evaluate pricing requests and identify potential risks or profitability concerns.

• Assist with maintaining pricing consistency and adherence to established guidelines.

Reporting & Business Analysis

• Prepare pricing reports and analyses to support management decision-making.

• Monitor pricing performance and effectiveness through ongoing reporting and measurement.

• Analyze changing economic conditions, competitive markets, and business trends.

• Provide recommendations to management based on pricing performance and market analysis.

• Develop reporting improvements that enhance visibility into pricing effectiveness and operational efficiency.

Cross-Functional Collaboration

• Work closely with sales, marketing, product management, finance, and other business functions.

• Support pricing-related projects and strategic initiatives.

• Communicate pricing recommendations and analytical findings to internal stakeholders.

• Assist with implementing pricing tools, systems, and process improvements.

• Maintain confidentiality of sensitive customer and pricing information.

Required Qualifications

Education

Bachelor's degree in one of the following disciplines:

• Business Administration

• Finance

• Economics

• Engineering

• Data Analytics

• Related field

Technical Skills

• Strong analytical and quantitative abilities.

• Proficiency in Microsoft Excel.

• Proficiency in Microsoft Access.

• Strong computer skills and the ability to work with pricing data and reporting tools.

• Ability to analyze financial information, market trends, and business performance.

• General understanding of manufacturing processes, practices, and cost accounting principles.