Job Description

VPET USA is the leader in Stock & Custom PET Manufacturing. We create and distribute plastic packaging products, offering a variety of containers and bottles. We continually research and evaluate the latest developments in PET plastics manufacturing in an effort to improve our product quality and operating flexibility while reducing manufacturing costs and environmental impact. As our business continues to grow, we are looking for dynamic individuals to join our team.

VPET USA is currently recruiting for a PRICING ANALYST to be based out of our FONTANA facility. Reporting to the Inside Sales Manager, the Pricing Analyst will work with complex data sets to help ensure our system reflects the most up to date prices. This is a highly analytical role that requires gathering of data from multiple sources to develop pricing models that reflect margins for promotional and seasonal pricing based on competitor, market, and customer data. Additionally, the Pricing analyst will collaborate with sales to develop strategies that drive sales growth to ensure our company remains competitive, while addressing any low margins or decline of revenue from volume shrink.

RESPONSIBILITIES:

• UPDATE PRICING DATA The primary duty of a pricing analyst will be to monitor and update current customer pricing in SAP. When there are new quotes or CDI resin changes, the Pricing Analyst will ensure the price changes are reflected accurately in our main frame system. Pricing Analyst will be responsible for sending out any price announcement changes along with the future price lists to customers in the event there is a price change. The pricing analyst uses a number of quantitative and qualitative methods to analyze competitor pricing, assess market share and margins, and track customer engagement in order to gain a complete picture of effective pricing strategies for their company's offerings.

• DEVELOP FORECASTS AND MODELS Pricing analyst play an important role in helping companies forecast revenue and market share information. They use a variety of statistical modeling methods to prepare reports that show the potential impact of various pricing strategies, including their effect on margins and costs and how they will impact profitability and sales volume. These forecasts may also include information related to the market as a whole.

• DETERMINE PRICING AND MARKETING STRATEGIES In this role, pricing analyst will work closely with sales personnel to develop and enact competitive pricing strategies. They may analyze data related to return on investment (ROI) for existing marketing and promotional programs, analyze customer response to marketing efforts, and determine more effective ways to reach customers and gain market share.

• MONITOR INDUSTRY TRENDS Pricing analyst will stay abreast of market trends within their industry as a whole. If the pricing analyst discovers a trend that they believe has potential to improve sales volume or profitability, they may recommend pricing strategies that align closely with these trends. By actively monitoring industry trends, pricing analyst may also develop strategies that take advantage of untapped market segments and help the company gain market share in new avenues.

• DEVELOP PRICING TOOLS Many pricing analysts develop pricing tools that are used throughout the company to more quickly respond to changing market needs or trends. These tools can include dynamic pricing that allows the company to quickly adjust prices to enhance sales volume and conversion rates, as well as tools that streamline the analysis process and provide more immediate information about competitor prices and promotions.

• PRESENT FINDINGS TO KEY DECISION-MAKERS Pricing analysts present their findings to executives, through monthly meetings. This aspect of the role requires pricing analyst to translate complex data into actionable strategies and techniques to drive sales and enhance marketing efforts. Pricing analysts may prepare both written reports and visual presentations to share their findings.

PRICING ANALYST SKILLS AND QUALIFICATIONS:

Requesting degreed professional with a 4-YR DEGREE OR 4 YEARS OF WORK EXPERIENCE; with strong computer skills.

• ANALYTICAL THINKING pricing analyst successfully examine and assess data from a variety of sources, ranging from competitor pricing data to customer segment profiles and cost data
• MATHEMATICS this role requires excellent mathematical skills to derive insights from multiple data sources and utilize them to develop models and provide pricing advice to decision-makers
• TEAM COLLABORATION pricing analyst work closely with sales, marketing, and operations teams to determine and set prices, so they should be strong collaborators and coordinators
• FINANCIAL FORECASTING pricing analyst develop a range of forecasts and models to assist decision-makers with setting and modifying prices, including margin forecasts that reflect seasonal and promotional pricing strategies
• PROBLEM-SOLVING SKILLS effective problem-solving skills are vital in this role, as pricing analyst need to devise solutions to drive profitability and support revenue and market share goals
• COMMUNICATION SKILLS pricing analyst should also be strong written and verbal communicators, since they need to present their findings through reports and presentations

WE ARE AN EQUAL OPPORTUNITY AND AFFIRMATIVE ACTION EMPLOYER AND DO NOT DISCRIMINATE AGAINST APPLICANTS DUE TO VETERAN STATUS, DISABILITY, RACE, GENDER, GENDER IDENTITY, SEXUAL ORIENTATION OR OTHER PROTECTED CHARACTERISTICS.