As a member of the Pricing Team, the Pricing Analyst develops budgets and fee arrangements that support the firm’s overall pricing strategy. The Pricing Analyst is responsible for developing budgets, analyzing historical and current firm financial data to determine best practices for success, modeling Alternative Fee Arrangements and special rate arrangements and proposing recommendations to increase efficiencies and profitability, and preparing rate cards.
Responsibilities- Develop financial models and analytics in support of pricing proposals
- Compile and analyze data and historical statistics relating to revenue, realization, and profitability
- Provide support to partners for pricing requests, including preparation of fee estimates, development of appropriate pricing approaches and the communication of fees and value pricing
- Work with different management groups and attorneys within the firm, utilizing tools and analytics to guide rates and pricing strategy to maximize profitable growth
- Create and document best practices as they relate to pricing and profitability
- Work effectively with others on the Finance Team to determine best ways to extract relevant financial data to analyze in relation to pricing and financial analysis
- Review outside counsel guidelines for new matters to ensure proper tracking and setup
- 2-5 years post-Bachelor's Degree required in an analytical environment (i.e., accounting, finance, economics) from an accredited college or university or equivalent experience
- Experience constructing complex models, financial analyses, and reports using Excel, Access, and other relational-database systems
- Effectively communicate with a wide variety of personnel and personalities including partners, business development professionals and accounting staff
- Strong analytical, evaluative, and critical thinking skills
- Demonstrate ability to be flexible and to adapt quickly to change in a high pressure, deadline-driven environment
- Ability to work independently as well as in a team environment, including an ability to work across geographical borders
- Ability to work on multiple assignments and proven experience in prioritizing work
- Demonstrated agility within diverse cultural and business environments, using various communications methods to influence and lead others
- Demonstrated ability to apply learning in fast-paced business situations
Compensation: The anticipated base salary range offered for this role will be between $90,000 to $95,000 and represents the firm’s good faith and reasonable estimate of the base compensation range. Actual base compensation will be dependent upon several factors, including but not limited to the candidate’s relevant experience, performance, qualifications, degrees, and location, as well as the needs of the firm.
Skills Required
- 2-5 years of post-Bachelor's experience in an analytical environment such as accounting, finance, or economics, or equivalent experience
- Bachelor's degree from an accredited college or university, or equivalent experience
- Experience constructing complex models, financial analyses, and reports
- Experience using Excel, Access, and other relational database systems
- Strong analytical, evaluative, and critical thinking skills
- Ability to communicate effectively with partners, business development professionals, accounting staff, and diverse personnel
- Ability to adapt quickly in a high-pressure, deadline-driven environment
- Ability to work independently and in a team environment across geographical borders
- Ability to manage multiple assignments and prioritize work
- Ability to influence and lead others across diverse cultural and business environments
- Ability to apply learning in fast-paced business situations
What We Do
Milbank is a premier international law firm handling high-profile, complex cases and business transactions through 12 offices worldwide. Our offices work together on an integrated basis, giving us an extraordinary global presence and allowing us to serve a client base that includes the world's leading companies and financial institutions. Milbank is internationally recognized as a leader in major corporate/finance transactions (such as M&A, structured finance, banking, capital markets and project and transportation finance), litigation (including complex commercial, intellectual property, securities and white collar), financial restructuring, and trusts and estates.
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