At DistributionNOW, we believe our associates are the best in the business. We value and reward hardworking, creative, and dedicated employees that desire to be part of a team committed to outstanding customer service.
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The Pricing Analyst is responsible for setting and measuring optimal price levels by continuously monitoring, auditing, analyzing, and communicating price drivers and pricing points. The analyst will be responsible for understanding DNOW’s pricing software and effectively implementing the Company’s price strategies. The analyst will work with internal customers at all levels within Leadership, Sales, and Operations.
JOB RESPONSIBILITIES:
- Help develop strategies to move from margin culture to resale price competitiveness per region, industry type, product type, and customer type.
- Complete understanding of DNOW’s pricing capabilities.
- Develop new and enhance existing pricing strategies.
- Train new and current users.
- Monitor of pricing recommendations to validate integrity.
- Track and present KPIs.
- Build ad hoc reports and dashboards for internal customers.
- Maintain list prices and price commodities as required.
- Handle internal requests/concerns as a priority.
- Other duties, as assigned.
- Assess data from a variety of sources to recommend pricing strategies that align closely with market trends and segments.
- Read and understand contract agreements to implement and maintain pricing in SAP for contract compliance.
- Apply statistical modeling methods to determine the potential impact of pricing strategies on profitability.
- Collaborate with sales and operations on developing and implementing competitive pricing strategies while maintaining contract compliance.
- Track customer engagement to develop effective pricing strategies for products and offerings.
- Prepare and present pricing analysis findings to sales and operations.
- Forecast revenue and market share based on market trends, costs, and sales volumes.
- Help enforce strategies to move from margin culture to resale price competitiveness per region, industry type, product type, and customer type.
JOB REQUIREMENTS:
- Bachelor's degree in mathematics, statistics, finance, or economics, is preferred.
- A minimum of two years' experience as a pricing analyst in a similar industry.
- Accomplished analytical skills along with advanced oral and written communication skills.
- Advanced MS Excel skills required. SAP and Power BI skills is preferred.
- Proficiency in business intelligence (BI) software.
- Effectively and efficiently organize time and prioritize tasks.
- Must be meticulous/detail oriented in various aspects of the role.
- Experience in collaborating on pricing strategies with Sales and Operations.
- Advanced ability to present pricing analysis reports and lead discussions with relevant stakeholders.
- Great attitude, entrepreneurial mindset, and eager desire to learn.
- In-depth knowledge of statistical methods and data analysis.
- Extensive experience in analyzing pricing strategies and forecasting revenue and market share.
- Understanding of various customer markets and/or product knowledge.
BENEFITS:
• Competitive Salary + bonus
• 401(k)/ Retirement savings
• Comprehensive Benefits (medical, dental, vision, life and disability coverage)
• Career growth opportunities
• Paid vacation/holidays
Top Skills
What We Do
We operate primarily under the DistributionNOW and DNOW brands as a global distributor of the oil and gas and industrial markets.
Through our growing DigitalNOW® platform, customers can leverage world-class technology across eCommerce, data management and supply chain optimization applications to solve a wide array of complex operational and product sourcing challenges to assist in maximizing their return on assets.
Our energy product offering serves the energy industry – from upstream drilling and completion, exploration and production (“E&P”), midstream infrastructure development to downstream petroleum refining and petrochemicals – as well as in other industries, such as mining, chemical processing, liquefied natural gas (“LNG”) terminals, power generation utilities and renewables. The industrial distribution end markets include engineering and construction firms that perform capital and maintenance projects for their end-user clients.
Our global product offering includes maintenance, repair and operating (“MRO”) supplies, pipe, valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment. We also offer procurement, warehouse and inventory management solutions as part of our supply chain and materials management offering. We have developed expertise in providing application systems, work processes, parts integration, optimization solutions and after-sales support.
Our solutions include outsourcing portions or entire functions of our customers’ procurement, warehouse and inventory management, logistics, point of issue technology, project management, business process and performance metrics reporting. We streamline our customers’ purchasing process, from requisition to procurement to payment, by digitally managing workflow, improving approval routing and providing robust reporting functionality.
