Position Summary
About the Company:
ITT, headquartered in Stamford, CT, operates competitively in more than 35 countries with sales in approximately 125 countries and partners with customers to deliver enduring solutions to the key industries that underpin our modern way of life. The company generated 2021 revenues of $2.8 billion.
ITT was named to the Forbes 2019 list of America’s Best Midsize Employers. This achievement recognizes ITT’s focus and commitment to fostering a healthy, high-performing culture and creating a work-place defined by innovation and continuous improvement. ITT’s CEO and CFO were both recognized as 2020 All-America Executive Team by Institutional Investor magazine. Also bestowed to ITT was the 2018 Manufacturing Leadership Award that distinguishes ITT for its visionary leadership, commitment to employees and workplace culture, and the ability to innovatively solve problems for customers.
ITT operates through three Value Centers (operating segments):
Motion Technologies (Revenue of $1.4B; headcount of 4,700; operates in 13 countries) manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets;
Industrial Process (Revenue of $1.0B; headcount of 2,800; operates in 30 countries) manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts;
Connect and Control Technologies (Revenue of $0.6B; headcount of 2,700; operates in 10 countries) manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.
Position Summary:
The Pricing Analyst will perform quantitative analysis of Bill 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 Long Term Agreements
- 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
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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
- Must be a US Person due to this position requiring visibility to ITAR documents.
Location: preferred location is Irvine, CA surrounding area
Equal Pay Act Range
Annual Salary Range is $63,000 to $94,400, plus benefits and incentive plans.