PRODUCT PRICING ANALYST III (Hybrid)

Job Overview

At TE Connectivity, you’ll help bring our purpose to life by creating a safer, sustainable, productive, connected future. The Product Pricing Analyst applies deep knowledge of a specific discipline and a broad understanding of Pricing Analysis to resolve significant, unique, and complex issues by evaluating various factors. They provide measurable input to the objectives and goals of the department in support of functional and business unit strategies. Develops, evaluates, and implements pricing strategies and models based on cost overhead and current business and market dynamics—projects impact of pricing changes.  

  Job Responsibilities: 

• Make recommendations regarding business unit price structures and tactics for existing & new products and verify that pricing decisions support overall business unit objectives. Including the establishment of annual product line pricing objectives and leveraging segmentation and value-based models to establish product line pricing strategies 
• Coordinate developing and preparing global price & margin guidelines for existing and new product lines. Including the evaluation and use of overall published book pricing, OEM volume break pricing, distributor volume break pricing, and the creation of pricing bands and envelopes to be used in transactional decision-making (Channel & Agreements) 
• Assess special pricing requests or requests for quotes profitability and commercial effects of Channel transactional pricing decisions across Appliances.  
• Work closely with Product Management to provide analytical support and analysis in making recommendations for price adjustments & changes, product life cycle adjustments, product segmentation, and cost inflation using pricing software analytics 
• Review low-margin products and identify price and margin opportunities to improve the profitability of customer and global product lines. Perform margin and pricing analysis to support critical business unit initiatives as required. 
• A deep understanding of market insights, competitive benchmarking, reference valuation, and cost to implement pricing tactics and strategies to maximize Business Unit revenue opportunities. 
• Recommend and implement bi-annual book price adjustments and run optimization/modeling scenarios when recommending published book pricing. Review discount and column structure for utilization and validation. 
• Provide pricing guidance and support to the Agreement/Operation Pricing Team for assigned global product lines. 
• Work with the Operation pricing and agreement pricing team and drive a shared responsibility for pricing and commercial excellence in the business unit. 
• Develop reports and drive actions to find pricing optimization opportunities. 
• Proactively apply continuous improvement principles to improve financial and other associated processes continuously. 
• Continuous review of standard costs and work with plant finance and engineering to correct any inaccuracies 

What your background should look like:

• Bachelor’s degree in business, Marketing, Finance, or Economics 
• Pricing experience preferable 
• 5+ years of pricing, product management, or finance. 
• Self-motivated, able to proactively drive business improvements, and willing to adopt new pricing tools and initiate and accept changes. 
• Able to work with global cross-functional team efforts focused on process implementation & execution. 
• Strong PC abilities: expert Microsoft Office and a working knowledge of database and spreadsheet applications are required. 
• Experience with SAP and Advanced Pricing Software is also a plus. 
• Drive results primarily through influencing and collaborating with colleagues and peers 
• Able to present the work in a point presentation 
• Experience operating and influencing at a planned level and collaborating with internal and external key stakeholders (engineering, product management, finance, and customer service) 
• Knowledge of continuous Improvement Tools is a plus. 
• Ability to work independently and meet deadlines. 
   

Key Performance Measurements:  

• Reduction of Price and Margin Variability across assigned Product Lines 
• Reduction of Price and Margin Leakage for assigned Product Lines 
• Published Book Price Utilization 
• Achievement of Revenue & Margin targets as a function of price actions and strategies 
• Year over Year Price Realization or Margin $ Improvement from price actions and strategies. 
• Improve particular price request response time and reduce responsiveness variation. 
• Improve special price request win rate and performance rate. 
• Maintain response times within goals across different types of pricing requests. 
   

Competencies