Pricing Analyst - ITT Inc.

Position Summary:

About the Company:

ITT is currently headquartered in Stamford, CT., with employees in more than 35 countries and sales in approximately 125 countries. The company generated 2022 revenues of $2.9 billion.

 

ITT operates through three Value Centers (business units):

Motion Technologies 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 manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, 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 manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and oil and gas markets

 

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.”

 

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Equal Pay Act Statement:We 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 based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.Equal Pay Act Range:Annual Salary Range is from $63,000.00 to $94,400.00, plus benefits & incentive plans.