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For Companies At a Glance
- Tasks: Analyse pricing models and collaborate with teams to drive business success.
- Company: Join a global brand and market leader in South Devon.
- Benefits: Competitive salary, professional development, and dynamic work environment.
- Why this job: Make an impact by shaping pricing strategies and supporting innovative projects.
- Qualifications: Degree in finance or related field, strong analytical skills, and 3+ years experience.
- Other info: Fast-paced environment with opportunities for career growth and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
An outstanding opportunity has arisen for a Pricing Analyst with one of South Devon's top employers. A global brand, and an international market leader, the pricing analyst provides pricing information to support the Company in winning business. They do this through collaboration with several areas of the business, acting as the gate keeper for the standard product costs.
Key responsibilities and tasks
Pricing Analysis:
- Develop and maintain pricing models incorporating cost data, market factors, and strategic pricing considerations.
- Conduct margin analysis, break-even analysis, and price elasticity studies.
- Provide pricing support for new product development (NPD), tenders, and commercial proposals.
- Monitor market trends and competitor pricing to inform pricing strategy.
- Recommend pricing actions to improve profitability and competitiveness.
Costing Responsibilities (Standard Costing):
- Maintain and update standard costs in the ERP system (Microsoft Dynamics 365 Business Central) based on approved inputs (materials, labour, overhead).
- Analyse cost variances and provide insights to stakeholders.
- Collaborate with operations, procurement, and supply chain to validate cost inputs and identify cost improvement opportunities.
- Support annual standard cost roll processes, including cost updates and simulations.
- Ensure costing accuracy and integrity across product lines and business units.
Business Partnering:
- Work closely with commercial, sales, and product management teams to support strategic pricing initiatives.
- Collaborate with finance and supply chain teams to align pricing with cost structures and financial goals.
- Present findings and recommendations to senior stakeholders to drive informed decision-making.
Reporting & Analysis:
- Produce regular pricing and costing reports to support business performance tracking.
- Develop dashboards and tools for scenario analysis and ad hoc pricing simulations.
- Support budgeting and forecasting processes with relevant cost and pricing input
Strategic Decision Support:
- Provide financial insights and analysis to support strategic decision-making processes.
- Collaborate with other departments to drive business performance and achieve strategic objectives.
Essential Applicant Requirements:
- Bachelor’s degree and/or professional qualification (CIMA/ACCA/ACA)
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide meaningful insights.
- Proficient in Excel, ERP systems (e.g., Dynamics 365 Business Central, Navision or similar), and data analysis tools (e.g., Power BI).
- Excellent communication and presentation skills, with the ability to convey financial information to both financial and non-financial stakeholders.
- 3+ years of experience in pricing, costing, or financial analysis, preferably in a manufacturing or product-based environment.
- Strong understanding of standard costing systems, variance analysis, and cost accounting principles.
- Commercially astute with attention to detail.
- Comfortable working in a dynamic, fast-paced environment.
Pricing Analyst employer: SRM RECRUITMENT LIMITED
Contact Detail:
SRM RECRUITMENT LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its pricing strategies. Be ready to discuss how your skills can help them improve profitability and competitiveness. Show them you mean business!
✨Tip Number 3
Practice your presentation skills! As a Pricing Analyst, you'll need to convey complex financial data clearly. Grab a friend and run through your findings and recommendations to build confidence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Analyst role. Highlight your experience with pricing models, cost analysis, and any relevant software like Dynamics 365. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing analysis and how your background makes you a great fit for our team. Don’t forget to mention any specific projects or achievements that relate to the job.
Show Off Your Analytical Skills: Since this role is all about analysis, make sure to showcase your analytical skills in your application. Include examples of how you've used data to drive decisions or improve processes in previous roles. We love numbers and insights!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes straight to us. Plus, you’ll get to see more about our company culture while you’re at it!
How to prepare for a job interview at SRM RECRUITMENT LIMITED
✨Know Your Numbers
As a Pricing Analyst, you'll be dealing with a lot of financial data. Brush up on your analytical skills and be ready to discuss how you've used pricing models, margin analysis, and break-even analysis in your previous roles. Prepare specific examples that showcase your ability to interpret complex data.
✨Familiarise Yourself with ERP Systems
Since the role involves working with Microsoft Dynamics 365 Business Central, make sure you understand its functionalities. If you have experience with similar ERP systems, be prepared to explain how you’ve used them to maintain standard costs and analyse cost variances.
✨Showcase Your Communication Skills
You'll need to present findings to senior stakeholders, so practice conveying financial information clearly and concisely. Think about how you can explain complex concepts to non-financial colleagues, and prepare to demonstrate this during the interview.
✨Stay Updated on Market Trends
Research current market trends and competitor pricing strategies relevant to the industry. Be ready to discuss how these insights could inform pricing strategies and improve profitability for the company. Showing that you’re proactive about understanding the market will impress your interviewers.
