Terex Corporation Market Pricing Analyst in Dungannon, United Kingdom

Overview

Title: Market Pricing Analyst

Department: Parts

Location: Dungannon Business Park

Reports to: Group Director, Parts and Supply Chain, Materials Processing

This position is responsible for recommending pricing strategies, price management systems, and developing rules and standards to deliver on financial goals. Conducts market research and oversees the maintenance of historical pricing data. Develops and implements analytical key performance indicators and recommendations to drive business results. Build, deploy, maintain and document knowledge-based decision-making tools which integrate advances in operations research, mathematics, statistics, economics decision analysis to systematically analyze, model, solve, and/or visualize problems in the areas of pricing related activities. Ensures analytics are utilized when making pricing decisions to improve profitability while preserving the customer experience.

Responsibilities

  • Provide expertise in mathematical modeling, statistics, or other quantitative techniques that translate complex data into actions to help drive strategic direction of company pricing and promotional discounting by designing new pricing programs and monitoring their effectiveness with the goal of continuous improvement in price realization.

  • Provide input into budgeting and forecasting process, including assisting in developing specific revenue management initiatives

  • Assess competitor price positions and price strategy, draw similarities and differences with company strategy and makes recommendations as needed

  • Assist in developing executive level presentations related to overall pricing strategy, execution of pricing optimization project, and pricing program effectiveness

  • Collaborate with sales, finance and the commercial team as needed in designing customer pricing models to maximize revenue effectiveness

  • Work with cross functional teams to support the implementation and execution of proposed processes. This will include creating appropriate training and support materials for end users, developing business rules & monitoring their effectiveness as well as maintenance of the solution tools.

  • A low to medium level of travel is anticipated

Qualifications

Essential

  • Self-starter with strong analytical, critical thinking and problem solving skills; able to work independently as well as in fast-paced, cross-functional teams. Must have good time and project management skills and attention to detail.

  • Advanced level MS Excel with strong mathematical and analytic skills.

  • Needs to be able to demonstrate significant experience and aptitude in business data capture, analysis and planning.

  • Must demonstrate the ability to communicate and influence in both internal and external environments.

  • Education: Degree in finance, mathematics, statistics, economics, actuarial science or related business discipline with minimum 4 years experience.

Desirable

  • Previous experience in a Multi-National Aftermarkets pricing or sales environment would be a significant advantage

  • Experience with a Business to Business or Business to Customer Price Optimization software solution

  • Needs to be able to demonstrate significant experience and aptitude in business data capture, analysis and planning.

  • Must demonstrate the ability to communicate and influence in both internal and external environments.

Job ID 2017-36412

# Positions 2

Category Aftermarket

Location: GBR-Dungannon