Pricing Analyst

About ITT:

ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations.

Our businesses are organized in three distinct segments, each based around our core engineering DNA:

Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj.

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.

Position Summary

The Pricing Analyst will perform quantitative analysis of Build of Materials (BOM), cost, bookings/billings, etc. by utilizing complex Excel formulas and Excel Templates. Coordinate with Product Managers to understand their pricing strategies and provide pricing recommendations. Maintain pricing files for their specific product lines and update as needed. Perform various back up duties to Pricing team members and the Pricing Manager.

Essential Responsibilities

Review and analyze customer special requirement requests on Request For Quote (RFQ) for quotation closure using established product line pricing rules

Review and analyze for accuracy of MRP’s bill of material and router used for standard cost; coordinate with Cost Accounting and/or Operations to correct errors

Establish estimated cost based on BOM from excel configurator or similar to part build up and Costing Template

Critique book pricing, market pricing, and/or target pricing based on standard/estimated cost for quote closure within margin authority

Provide pricing, delivery, special charges, and all required information to Contract Analyst for completion of LTAs

Accountable for quote cycle time goal for both primary responsible products and supporting (backup) products

Responsible for Pricing Group email management and correspondence with customers and sales representatives

Review current quotation process, create templates to be utilized by Pricing Specialists for quotation closure

Coordinate with Pricing Specialists to recommend changes and optimization strategies to lean our quotation process

Develop, critique, and implement price curves ensuring regional pricing rationale and minimization of regional pricing arbitrage situations

Participate in, or sometimes manage, multi-functional ad-hoc projects around pricing and product related business needs

Position Requirements

Bachelor Degree in Business, Finance or Similar

3 years of experience demonstrating problem solving ability in collaboration with functions such as Marketing, Customer Service, Finance, Engineering, and/or Operations

2 years of experience in a direct analytical capacity

Baseline financial review capability

Competency in Excel (Use of Pivot Tables to clearly state your findings / ability to write Macros is a plus)

Understanding of financial review

Familiarity with MRP and / or computer systems or equivalent

Safety is a core value at ITT. Our employees understand and follow all ITT safety policies and procedures, participate in workplace inspections, safety training, and in the development of job safety analyses.

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

“ITT Corporation is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other characteristic protected by law.”

#LI-RL1

Equal Pay Act StatementWe aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded