The Role
Leads pricing strategy, pricing systems, margin optimization, and profitability analysis across business units. Manages pricing databases, contract pricing schedules, supplier cost updates, pricing overrides, and customer classifications in Epicor Prophet 21. Partners with sales and cross-functional leaders, analyzes market and pricing data, maintains performance dashboards, identifies margin opportunities, and trains teams on pricing strategies.
Summary Generated by Built In
Carotek, a SunSource company, provides process equipment solutions for the industrial, commercial and municipal markets in North Carolina, South Carolina, Tennessee, Georgia and Virginia. Carotek represents over 85 manufacturers as their process equipment distributor, representative, and repair center for pumps, blowers, heat exchangers, valves, instrumentation, IIoT, steam, hydronics and municipal products. www.carotek.com
Position Summary:
Responsible for setting strategy and executing Carotek’s pricing model. This role will provide overall guidance to managers and cross functional teams to help establish pricing strategy that aligns with the enterprise wide pricing system. The Pricing Manager will collaborate with the SunSource Pricing Manager to ensure consistency and continuous improvement in the pricing system and optimization of gross margin results.
Responsibilities:
Leads and develops company pricing strategy with Small Business Unit (SBU) leadership in order to meet yearly gross profit objectives as defined by Carotek’s annual plan.
Develops ideas and baseline metrics to identify and develop pricing processes. Measure models for optimal pricing effectiveness to drive gross margin improvements.
Partners with business unit leaders, pricing team leaders, as well as cross functional teams to align sales and pricing strategy. Promotes and influences with ideas in proposing innovative solutions that optimally align price with value to drive revenue, customer retention, profit, etc.
Authorizes and assists the implementation of all matrix pricing records including changes, additions, and overrides. Creates and implements pricing mechanisms as well as perform supplier cost updates.
Evaluates effectiveness of pricing strategies, identifies gaps and opportunities and provides guidance to address those areas; develops and implements processes to reduce pricing overrides.
Researches and analyzes Market based pricing to support pricing strategy.
Responsible for training on pricing strategies and making informal presentations to provide brief, easy to understand insights and recommendations. Holds regular cadence with sales teams to present these strategies and recommendations for areas of margin improvement.
Participates in companywide Pricing Best Practices team and regular cadence meetings.
General Education and Experience:
Education: Bachelor’s Degree; preferably in Finance / Business with strong analytical background.
Experience: Candidate must possess at least two plus years of experience in Pricing & Sales Analytics and experienced leading a team within a distribution environment. Proven ability to manage pricing strategy across various channels in a multi location environment beneficial.
Knowledge and Skills: Sound analytical and problem solving skills and experience driving insights from data, trends in both pricing and sales analytics. Must be able to develop thorough understanding lead-to-order process – product/service price list, configure/price/quote (CPQ), order management, etc. Demonstrated experience in developing and obtaining support for business plans and strategies by influencing cross-functional management Ideal candidate will have Prophet 21 ERP experience related to pricing. Possess advanced Excel/Data knowledge.
Key Competencies:
Accountability: Demonstrates an understanding of the link between one’s own job responsibilities and overall organizational goals and needs, and performs one’s job with the broader goals in mind.
Pricing Program analytics – highly skilled in excel, ERP and other reporting programs. Extract data analytics from systems for regular reporting and identifying areas for margin improvement opportunities.
Positive Encouragement – Skilled in conveying margin improvement opportunities to sales teams. Positively influencing sales teams in overall advantages of margin growth and how to approach customers with price increases.
Customer Contract Pricing – Understanding customer contract pricing and working with the sales teams to convey necessary margins for contract pricing.
Communication: Creates an atmosphere in which timely and high quality information flows smoothly both up the organization and down, inside the organization; encourages open expression of ideas and opinions.
Energy/Drive for Results: Demonstrates concern for achieving or surpassing results against an internal or external standard of excellence. Shows a passion for improving the delivery of services with a commitment to continuous improvement.
Problem Solving/Analytical Thinking: Builds a logical approach to address problems or opportunities or manage the situation at hand by drawing on own knowledge and experience base and calling on other references and resources as necessary.
Planning and Organizing: Establishes a systematic course of action for self or others to ensure accomplishment of a specific objective. Sets priorities, goals and timetables to achieve maximum productivity.
Interpersonal Relationships: Thinks carefully about the likely effect on others of one’s words, actions, appearance and mode of behavior. Maintains stable performance and emotional control when faced with opposition, pressure, hostility from others and/or stressful conditions.
Required Competencies:
High level of organization and ability to coordinate with functional support groups as well as Sales Force and Customer Service to achieve results.
Experience in highly matrix situations.
Demonstrated ability to think creatively.
Strong analytical skills.
Must have strong financial background.
Strong written and verbal communication skills; experience in preparing presentations at the executive level.
· Establishes and maintains the accuracy of the Epicor/Prophet 21 pricing database, including customer types/sizes, product families, discount multipliers, and pricing structure (Price Library/Price Book/Price Pages).
· Sets up and maintains contract pricing schedules in the system.
· Reviews/verifies the accuracy of assigned Customer classifications and Pricing structures.
· Approves all pricing overrides.
· Communicates supplier cost increases and updates associated with supplier cost information and pricing structure in Epicor/Prophet 21. Resolves all supplier pricing issues. Develops and determines how to create baseline pricing and execute project plans for importing pricing structures.
· Coordinates transfer of invoice data and pricing structure for any third-party pricing analysis as needed. Reviews multipliers versus list pricing recommendations, identifies anomalies and adjusts pricing.
· Establishes pricing and profitability targets for customer and business unit segments. Maintains weekly dashboards for revenue, gross margins and trends by business unit.
Tracks, analyzes and reports on performance metrics and basis for pricing overrides and performs other duties as assigned
Equal Opportunity Employer, including disability and protected veteran status. If you are an individual with a disability and require an accommodation to complete the application process, please contact [email protected] to request reasonable accommodation. Only requests for accommodation in the application process will be returned from this email address. This employer uses E-Verify. Please click here for additional information. (For Illinois E-Verify information click here, aquí).
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Skills Required
- Bachelor's degree, preferably in Finance or Business
- At least two years of experience in pricing and sales analytics
- Experience leading a team within a distribution environment
- Experience managing pricing strategy across multiple channels and locations
- Strong analytical and problem-solving skills
- Experience analyzing pricing, sales data, and market trends
- Understanding of lead-to-order processes, product pricing, CPQ, and order management
- Experience influencing cross-functional management and supporting business strategies
- Epicor Prophet 21 ERP pricing experience
- Advanced Excel and data analysis skills
- Strong financial background
- Strong written and verbal communication skills
- Experience preparing executive-level presentations
- Ability to coordinate with sales, customer service, and functional support teams
- Experience working in highly matrixed organizations
- High level of organization and creative thinking
SunSource Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about SunSource and has not been reviewed or approved by SunSource.
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Healthcare Strength — Healthcare Strength: Medical, dental, and vision coverage with plan options are offered alongside wellness programs and an EAP. Offerings also include HSA/HRA and FSA choices that broaden the health coverage scope.
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Retirement Support — Retirement Support: A 401(k) with company match is included and called out in employer-provided materials. This provides a clear foundation for long-term savings within the total rewards package.
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Leave & Time Off Breadth — Leave & Time Off Breadth: Paid vacation and holidays are part of the package, with PTO described as decent and vacation potentially capping near four weeks. These time-off elements contribute to a rounded core benefits menu.
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The Company
What We Do
SunSource, a leader in industrial and mobile fluid power distribution for over 85 years, provides customers with innovative solutions that help reduce maintenance costs, lower operating costs and increase productivity. The solutions are part of the SunSource Advantage: a comprehensive program offering design and engineering support; supply chain optimization; productivity solutions; value-added services; and repair capabilities. As a national distributor with local presence, SunSource has a unique and dominant position as a full-service resource for the industrial, OEM, MRO and mobile industrial equipment industries. We distribute a broad range of components, but SunSource is much more than a distributor just supplying fluid power components or systems. Along with high-quality products, we provide a commitment to high-quality customer service and technically sound, cost-effective solutions. SunSource’s history of accomplishment and continued growth means that we give the best condition to energetic, driven people to be effective in their role. We pride ourselves on a culture that provides opportunities for development and advancement of our associates. In addition, we build meaningful relations with our customers, suppliers and internal associates. We are all bound by a pledge to a common mission toward providing the highest quality products and services within our industry and achieving the company’s growth objectives
