Costing / Pricing Analyst - II

Vadodara, Gujarat
Permanent
Full-time

1 month ago

Position Summary:The Pricing Analyst plays a critical role in managing global pricing activities for global/domestic accounts and providing insights to drive profitability and growth for the organisation. This position requires a strong analytical mindset, excellent problem-solving skills, and the ability to work collaboratively with cross-functional teams.It’s an exciting time to be part of ITT India. ITT is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for ITT but for those who count on us every day: our employees, customers and communities.
Essential Responsibilities:Responsibilites:

Lead discussions to consult with business leaders to generate insights on customer price sensitivities, market intelligence, and profitability impacts, with the objective of Profit optimization.
Review of BID/Tender/RFQ/Customer specs/TQ received from Sales/Application.
Float RFQ to Advance Procurement Team /vendor for Buyout offers.
Review & finalize Techno commercial Vendor offers/TQ.
Close coordination with sales/Application team for Technical/commercial change/requirement
Organize and participating in review meetings with customer/project consultants/vendor to freeze the requirement/deviation.
Technical Bid Evaluation for various bought out items.
Preparation of detail techno‐commercial offer.
Inco term/duty benefit
Develop and maintain pricing models to optimise pricing strategies and drive profitability.

Position Requirements:Skills/Knowledge sought

Pump/Motor/Seal Plan knowledge
Knowledge on API 610/682
Knowledge on Motors, Lub systems or seal systems.
Chemical and Oil & Gas industry knowledge
Knowledge on Inco terms, Local Taxes, Duties etc.,
Knowledge on Application/Techno commercial Proposal preparation.
Knowledge on costing for large size project considering the long term project risk.
Interpersonal and communication skills.
Proactive and results-oriented mindset with the ability to prioritise and manage multiple projects simultaneously.
BE/Btech (Mech) with min 5 years of experience in relevant industry. MBA or advanced degree is a plus.

What are we looking into an ideal candidate for the position?

Decision-Making Under Pressure: Ability to make timely and sound decisions in high-stakes or time-sensitive scenarios.
Communication and Interpersonal Skills: Clear communication with internal stakeholders, vendors, and cross-functional teams.
Analytical Mindset: Proficiency in analyzing data to drive purchasing decisions and supplier performance improvements.
Adaptability and Problem-Solving: Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues
Customer-Centric Approach: Focus on internal client satisfaction by ensuring timely and cost-effective procurement.
Attention to Detail: Precision in reviewing contracts, specifications, and procurement documents

ITT Inc.

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