The Timken Company

Senior Pricing Analyst

The Timken Company • $75K — $95K *
North Canton, OH 44720In-Person
Finance & Insurance
Less than 5 years of experience
6 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business, Finance, Data Analytics or similar; Master’s Degree preferred
  • 4+ years of experience in an analytical role, with a focus on pricing
  • Strong expertise in databases and statistical software
  • Proficient in MS applications including Excel, Word, PPT, and SAP BI
  • Excellent communication skills for stakeholder interactions

Responsibilities

  • Create and enhance Power BI dashboards and reporting tools
  • Analyze large data sets to extract actionable insights
  • Drive price optimization aligned with business strategy
  • Organize and analyze baseline price information to identify inconsistencies
  • Monitor market dynamics and pricing trends to uncover opportunities
  • Collaborate with stakeholders to implement pricing agreements
  • Assess transactional data for price/margin erosion and develop solutions

Benefits

  • Collaborative work environment with exposure to Sales and Marketing teams
  • Opportunity to impact pricing strategy and business outcomes
  • Support for continuous improvement initiatives
  • Access to advanced data analytics tools and training opportunities
Full Job Description
Purpose:

The pricing analyst role requires advanced analytical, critical thinking and strategic thinking skills, with a solid understanding of the Bearing markets and products. This position works closely with Sales and Channel Marketing to develop the optimal price point to maintain or win business. This position will also support enhancements to, and development of pricing reports.

Job Responsibilities:
  • Create new & enhance the current Power BI dashboards & reporting
  • Ability to analyze large amounts of quantitative and qualitative data, and distill it into actionable insights and relevant takeaways
  • Drive price optimization, price setting and price execution that aligns with the business strategy
  • Download and organize baseline price information, analyze and report on inconsistencies, and identify opportunities to optimize sales and profitability through price strategies
  • Analyze market dynamics, pricing trends, and market opportunities
  • Work with key stakeholders to develop and implement effective price agreements
  • Perform analysis of existing transactional level data to identify price/margin erosion and assist the organization in constructing and implementing solutions
  • Ensure timely processing of pricing documentation
  • Provide analytics and feedback with appropriate and clear language
  • Support continuous improvement activities
  • Assist in development of new pricing analytics and enhanced reporting


Technical and Functional Skills:
  • Deep understanding and experience in databases and statistical software
  • Demonstrated problem-solving abilities
  • Strong analytical, quantitative and qualitative analysis skills
  • Excellent communication skills for interactions with key stakeholders across the organization
  • Financial knowledge
  • Strong computer skills - proficient in MS applications - excel, word, PPT, SAP BI, and Power BI etc.


Basic Qualifications:
  • Bachelor's Degree in Business, Finance, Data Analytics or similar with 4+ years post qualification experience in a related analytical role, OR a master's Degree in Business, Data Analytics or Finance
  • Level of role will be dependent upon years/level of experience and education

About The Timken Company

The Timken Company is a global manufacturer of bearings and power transmission products. It operates through two segments: Mobile Industries and Process Industries. The Mobile Industries segment offers bearings, seals, lubrication systems, and related products and services for truck, rail, and other mobile applications. The Process Industries segment provides bearings, power transmission components, and related services for industrial markets, including heavy and general industrial, energy, and food and beverage. The company was founded in 1899 and is headquartered in North Canton, Ohio.
Learn more about The Timken Company
Size
18,029 employees
Market Cap
$5.1 billion
Industry
Manufacturing & Automotive
Net Income
$284.5 million
Founded
1899
5 Year Trend
+9.1%
Revenue
$3.5 billion
NASDAQ
TKR
* Ladders Estimates

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