Pricing Analyst

Unlock your potential with Prinova

We are Prinova, a leading global supplier of ingredients and premix manufacturing solutions, and trusted by the world's best-known food, beverage, and nutrition brands.

Part of the NAGASE Group, our expertise lies in Ingredient Distribution, Manufacturing Solutions, and Customized Services. Our global network of colleagues, located in offices and manufacturing facilities around the world, deliver sustainable value-added solutions to our customers. We are recognized for our deep expertise, commitment to excellence, and bold innovation, which have earned us a strong reputation as a trusted industry leader.

Wherever your career is headed, you'll find direction, opportunity, and belonging with us.

Pricing Analyst

Department: General & Admin, Solutions
Location: Carol Stream, IL
Type: Full-time

Summary:

The Pricing Analyst ensures that product cost and price quotes are developed on a timely and accurate basis, and files are updated to ensure proper systems are followed. The position will support the gathering of data through technical skills to support management, as well as allow for analytical decision-making. The Pricing Analyst will analyze financial data and provide forecast projections for accurate, data-driven decision-making.

They will support management as well as cross-functional projects for various margin protection initiatives.

Essential Duties and Responsibilities include the following, but are not limited to:

• Support new and existing product quotations
  • Create and maintain cost quotation templates, tracking gross margin levels and profitability
  • Execute the costing model by tracking market shifts and collating raw material requirements
  • Develop multi-step and third-party quotations, communicating detailed explanations to Sales
  • Support large customer RFP, Bids, and various quotation activities
• Ensure quotation files are accurately maintained
  • Maintain customer folders and formatted bid templates
  • Collate raw material requirements and periodically review with the PMs
  • Interpret and accurately report pricing changes on Price Quotes, Customer files, and JDE
  • Provide pricing support for business development opportunities
• Assist with cost, profitability, and efficiency analysis
  • Monitor and report on product gross margin and margin levels
  • Have a good understanding of customer financial performance and Prinova strategy
  • Implement strategic pricing models and create pricing recommendations
  • Analyze specific blend profitability, raw material shifts, and market trends regularly
  • Lead price change implementations by identifying and supporting business development
• Support Salesforce, JDE use, and reporting
  • Assist with analysis of opportunities, quotes, projects, and other customer financial data
  • Evaluate current and previous financial data, recommending appropriate changes
  • Provide standard and custom reporting, ensuring all records and assumptions are up to date
  • Understand and partner with sales and finance on Prinova Solutions financial strategies
• Other duties may be assigned

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Education and/or

Experience:

• Undergraduate degree from a 4-year college or university in a Business discipline
• Or three plus years of related experience and/or training

Required Skills/Abilities:

• Ability to read, understand, format, create, and modify specification documents where necessary
• Proficiently communicate both verbally and via written (email/presentation) format
• Proficiency in basic arithmetic; add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
• Ability to compute rate, ratio, and percent. Thorough understanding of unit of measure conversions
• Ability to make educated judgments on the correctness, accuracy, and appropriateness of information
• Basic understanding of critical thinking and data analysis, especially as it relates to…