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Become A Pricing Specialist

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Working As A Pricing Specialist

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $69,780

    Average Salary

What Does A Pricing Specialist Do At Arrow Electronics

* Meets Arrow's standards for ethics, punctuality, attendance, safety, policy compliance and professional appearance.
* Keeps a positive outlook and works well as a member of the sales team.
* Maintains understanding and product knowledge of the technologies and uses the tools and techniques for the job.
* Keeps learning about internal and external product information.
* Keeps up with some market trends and learns about the competition.
* Offers solutions and learns about data and product knowledge

What Does A Pricing Specialist Do At Patterson Companies, Inc.

* Responsibilities and essential job functions include but are not limited to the following:
* Transact all business in accordance to Animal Health International Inc.’s business code of ethics and conduct
* Review and Report on Actual Results versus Budget Attainment Goals using Zilliant Analytics, SAP, Excel and other data base tools and communicate with management based on Region strategic initiatives
* Review trends within segments, classes of trade, across territories and other meaningful product markets
* st point of contact for handling pricing exceptions, including resolving promotions and pricing below the “floor”
* Subject Matter Expert on Zilliant pricing tools, responsible for training, advising and coaching sales management on the use of Zilliant analytics, dashboards and other pricing tools
* Understand product costs and drive plans for margin recovery when thresholds are exceeded
* Responsible for maintaining and updating data, including manufacturer pricelists, where needed, and plant maintained costs as directed by the Region President
* Upload customer bids & quotes in SAP
* Other Duties/Responsibilities:
* As Assigned

What Does A Pricing Specialist Do At Nationwide

* 1. Retrieves and manipulates data; responsible for suitability and accuracy of data
* Proficient in the use of standard actuarial methodologies and continues to develop knowledge of more advanced actuarial methodologies.
* Evaluates alternative methods for use
* Conducts analyses that adhere to actuarial standards of practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations
* Documents assumptions, methods, sources, considerations; organizes documents
* Notes unreasonable results/non-optimal solutions; investigates; suggests alternative resolutions
* Prepares memos, documents, and letters as needed.
* Communications are to be concise, logical, organized, and grammatically correct with the appropriate level of technical terms suitable to the audience.
* Recipient of documents may include internal and external parties including regulatory bodies
* Develops personal work schedule to ensure timely completion of assigned tasks; coordinates with others when tasks involve others
* Leverages relationships with business partners (Product, Systems, Regional Offices, etc.) to achieve routine and more complex assignments.
* Makes presentations to Home Office and Regional audiences
* Builds and validates statistical/actuarial models to enhance rating and/or underwriting.
* Monitors the effectiveness of statistical/actuarial rating and/or underwriting models
* Participates in Peer Tech Reviews.
* Reviews work of peers and also has work reviewed by them.
* Trains new associates on standard work processes.
* May participate in interview activities
* Applies appropriate data mining techniques to discover new relationships in the data.
* Evaluates and documents new techniques, methodologies and software to support research projects.
* Under appropriate supervision, develops project plans to support research projects.
* May act as the lead for selected research projects.
* Proficient with statistical modeling software.
* Has practical experience in predictive modeling
* Participates, as assigned, in interdisciplinary teams
* Performs other related duties as assigned

What Does A Pricing Specialist Do At Murphy USA

* Review store level data, and determine appropriate retail price strategies and day-to-day tactics.
* Develop and execute effective pricing strategies for stores in sensitive or particularly important geographies generating tens of thousands of dollars in daily sales profit and a minimum of 2
* million gallons in daily fuel sales.
* Handles questions that may arise, issues that need attention, and executes Daily Strategy.
* Be willing to assist in special projects that are assigned to the Fuel Pricers or department.
* Discuss strategies, training and analytical decisions with co-workers.
* This duty is performed daily as part of routine pricing analysis.
* Work with upper management on reports, analysis, presentations and special projects.
* Continual analysis of store and competitor data in order to determine the appropriate pricing strategies and day-to-day tactics.
* Analyze strategic opportunities within the fuel category: renewable fuels, octane maximization, spread analysis, competitor offerings, boutique fuel offerings, etc.
* Review pricing strategies, educate, gather information and implement rollout programs with field personnel.
* Conduct product fuel type research and changes for greater customer acceptance, product availability, volume and margin dollars.
* Effective Octane level analysis and implementation decisions that may generate or lose thousands of dollars in profit.
* Working with other departments to reduce costs, maximize profits and improve field training pricing strategies.
* Coordinating rollouts of new fuel program and initiatives.
* Research state laws and regulations regarding fuel requirements, signage, taxes, credits, grants, etc.
* Continue to find tools or methods on improving the department's efficiency.
* Perform any other related duties as required or assigned

What Does A Pricing Specialist Do At General Electric

* As the Lead Pricing Specialist, you will:
* Lead ~ 40,000 parts pricing upload to IT systems (Oracle)
* Implement and supervise Waukesha Annual Catalog update
* Lead troubleshooting of incorrect application of pricing to part numbers and services in Oracle as needed
* Supervise monthly, quarterly and yearly special pricing campaigns, targeting for topline growth
* Supervise setting the associated customer discounts in IT system for accurate price execution, work with the team on automated process
* Drive execution on routine spare part catalog maintenance, new part pricing setup, workflow requests
* Maintaining annual Distributed Power Service (DPS) pricing publications for audit requirements
* Support Pricing trainings for Commercial Operations, Service Managers, and other stakeholders
* Compute quarterly pricing metrics
* Historic transaction analysis on region, segment, product line, and other segmentation as requested to support market analysis
* Lead and deliver pricing analysis projects focused on increasing price and CM for the overall business

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How To Become A Pricing Specialist

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Pricing Specialist jobs

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Real Pricing Specialist Salaries

Job Title Company Location Start Date Salary
Vice President, Non-Agency Rmbs Pricing Specialist RBS Securities Inc. Stamford, CT Dec 20, 2010 $150,000
Pricing Specialist Millicom International Services LLC Coral Gables, FL Aug 12, 2013 $145,000 -
$194,500
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY Feb 13, 2012 $130,000
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY May 14, 2012 $120,000
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY Jul 09, 2012 $115,000
SAP SD Pricing/Rtom Specialist Avon Products, Inc. White Plains, NY Apr 16, 2012 $110,000
Structuring and Pricing Specialist Pacificorp Portland, OR Mar 08, 2016 $100,942
International Pricing Specialist (Management Consultant) Management Systems International, Inc. Arlington, VA Oct 24, 2016 $97,020
Transfer Pricing Specialist News America Incorporated Wilton, CT Apr 25, 2011 $85,000 -
$110,000
Pricing and Budget Specialist American Institutes for Research Washington, DC Sep 13, 2016 $80,142 -
$91,945
SAP SD Pricing Specialist EAPT Solutions, Inc. Piscataway, NJ Dec 09, 2013 $80,000
Specialist, Pricing Nationwide Insurance Des Moines, IA May 15, 2016 $76,400 -
$85,000
Specialist-Contracts & Pricing Amgen Inc. Thousand Oaks, CA Jul 27, 2009 $75,632
Pricing Specialist American Institutes for Research Washington, DC Sep 13, 2013 $73,445 -
$84,553
Pricing Specialist American Institutes for Research Washington, DC Aug 13, 2012 $72,114 -
$82,500
Specialist, Pricing Nationwide Insurance Columbus, OH Jan 31, 2010 $72,030 -
$90,000
Transfer Pricing Specialist Bureau Van DIJK Electronic Publishing, Inc. New York, NY Sep 01, 2015 $69,139
Sales Pricing Specialist TSMC North America San Jose, CA Nov 19, 2015 $66,602 -
$85,000
Specialist, Pricing Nationwide Insurance Des Moines, IA Oct 01, 2009 $64,883 -
$85,000
Pricing Specialist II Ericsson Inc. Plano, TX Sep 07, 2010 $64,230 -
$70,457
Specialist, Pricing Nationwide Insurance Des Moines, IA Oct 01, 2011 $63,000 -
$80,000
Senior Pricing Specialist Farmers Group, Inc. Wilmington, DE Nov 26, 2012 $55,000
Pricing and Quotations Specialist Schneider Electric USA, Inc. Dayton, OH Aug 27, 2016 $54,018 -
$63,367
Cost Pricing Specialist Counterpart International Inc. Arlington, VA Mar 04, 2011 $54,000 -
$81,000
Pricing Strategy Specialist China Telecom (Americas) Corporation San Jose, CA Sep 01, 2014 $53,300

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Top Skills for A Pricing Specialist

CustomerServiceProceduresDirectMarkdownsFinancialStatementsClearanceMerchandiseCostProposalsAuditSalesFloorLossDataEntryRFPSalesRepsAccuratePricingCostEstimatesEnsureAccuracyCompanyPoliciesSpecialPricingCompanyStandardsProductivityGoalsBloomberg

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Top Pricing Specialist Skills

  1. Customer Service
  2. Procedures
  3. Direct Markdowns
You can check out examples of real life uses of top skills on resumes here:
  • Delivered excellent customer service by greeting and assisting each customer.
  • Encourage and implement automation of manual procedures in order to increase efficiency and minimize risk.
  • Utilized and managed reports to direct markdowns, signage, and marketing.
  • Prepared and analyzed financial statements for an affiliate company.
  • Assist in maintaining accurate pricing of regular and clearance merchandise, ensuring adherence to all corporate and local requirements.

Top Pricing Specialist Employers

Pricing Specialist Videos

Employee Mortgage Pricing

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