DescriptionPricing Analysts use mathematics and statistics to understand pricing. Analyze historical pricing data from previous sales trends and competitors and report data to establish pricing.Determine price elasticity of products and services.Understands and utilizes program cost (labor and material) for both non-recurring development activities and recurring (per unit) pricing and Margin and ROI analysisCritique existing pricing, market pricing, and/or target pricing based on standard/estimated cost for quote closure within margin authorityIdentify and track products with poor profit margins and establish potential for price increase and participate in profit plan.Enhance pricing tools and process to increase productivity and achieve goals.Understand factors contributing to financial performance of product profitability including:Costing and Purchasing practices; Sell price determination and quoting; and Burden rates, Labor rates and their effects on profitabilityUpdate and maintain standard product price lists, work with Sales to update customer LTA and Contract pricing and recognize when production volumes are dropping due to obsolescence or new technology. Will work with Sales to develop and implement counter measure plans.Develop a working knowledge of DFAR (DoD Federal Acquisition Regulation) Preference for Domestic Specialty Metals and ITAR (International Traffic in Arms Regulations) requirementsWill be a team member for TINA (Truth In Negotiations Act) analysis preparation and proposals.Develop an understanding of the varied Aerospace markets and the value ITT Aerospace Controls products bring to these markets to maximize Sales growth and optimize profits.Work with Contracts team to organize and requote yearly LTA contracts that have an escalation formula applied.Coordinate cost and pricing activity for quoting among various disciplines including Design Engineering, Purchasing, Planning, Compliance, Quality, Test Lab, Machine Shop, Shipping, etc. to ensure all deliverables associated with the product or new product development project are properly accounted for and priced accordingly.Participate in, or sometimes manage, multi-functional ad-hoc projects around pricing and product related business needsAdditional Skills & Qualifications
Earned a Bachelor's degree in Finance, Business, or Engineering from a four-year institution, with at least 2 years of professional experience.
Possesses a minimum of 3 years of experience in problem-solving, working collaboratively with departments such as Marketing, Customer Service, Finance, Engineering, and Operations.
Has at least 2 years of experience in a direct analytical role, ideally in a manufacturing setting
Skilled in writing reports and plans that follow a specific style and format, and capable of effectively presenting information and answering questions from management groups.
Adept at defining problems, gathering data, establishing facts, and drawing valid conclusions, as well as interpreting a wide range of technical requirements and relating them to cost and pricing needs.
Strong communication skills and business acumen.
Proficient in using Word, advanced Excel (including pivot tables), PowerPoint, and effectively utilizing CRM and ERP systems such as Oracle and BPCS.
Knowledgeable in financial review processes.
Must be ITAR compliant.
Pay and BenefitsThe pay range for this position is $100000.00 - $160000.00Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: Medical, dental & vision Critical Illness, Accident, and Hospital 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available Life Insurance (Voluntary Life & AD&D for the employee and dependents) Short and long-term disability Health Spending Account (HSA) Transportation benefits Employee Assistance Program Time Off/Leave (PTO, Vacation or Sick Leave)Workplace TypeThis is a fully onsite position in Valencia,CA.Application DeadlineThis position will be accepting applications until Jan 3, 2025.About Aston Carter: Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® double diamond winner for both client and talent service.Diversity, Equity & Inclusion At Aston Carter, diversity and inclusion are a bridge towards the equity and success of our people. DE&I are embedded into our culture through:
Hiring diverse talent
Maintaining an inclusive environment through persistent self-reflection
Building a culture of care, engagement, and recognition with clear outcomes
Ensuring growth opportunities for our people
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email [email protected] (%[email protected]) for other accommodation options.