Cost/Pricing Analyst at ITT Inc. in Orchard Park, New York

Posted in Other 2 days ago.

Job Description:

Position Summary

The Cost/ Pricing Analyst is responsible for establishing profitable pricing for all Enidine Aerospace and Industrial products. This includes legacy products, standard price list products, Long Term Agreement (LTA) contracted products, and pricing for new product development.

Essential Responsibilities

  • Act as a liaison among the Sales, Engineering, Focus Factory, and other Operations groups to gather and evaluate all costs associated with products and new product development programs.
  • Ensure all technical requirements and deliverables of the product and/or new product development project are accounted for and priced properly for profitable sales and to support sales growth.
  • Responsible for coordinating cost quoting among various disciplines including Design Engineering, Purchasing, Planning, Compliance, Quality, Test Lab, Machine Shop, Shipping, etc. to ensure all deliverables associated with the product or new product development project are properly accounted for and priced accordingly.
  • Develop an understanding of the varied Aviation and Industrial markets and the value that Enidine products bring to these markets in order to maximize Sales growth and optimize profits.
  • Will be a team member for TINA (Truth In Negotiations Act) analysis preparation and proposals.
  • Update and maintain standard product price lists, work with Sales to update customer LTA and Contract pricing, and recognize when production volumes are dropping due to obsolescence or new technology. Will work with Sales to develop and implement counter measure plans.
  • Develop written proposals for new custom product solutions for customer review.
  • Work with Contracts team to organize and requote yearly LTA contracts that have an escalation formula applied.
  • Perform other functions as needed.

Position Requirements

QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Knowledge of Enidine hydraulic shock absorber and/or elastomer design practices is a plus. Computer literate.EDUCATION and/or EXPERIENCEBachelor's degree in Engineering, Business, or Accounting from a four-year college or university; 2 years minimum professional experience.LANGUAGE SKILLSAbility to read, analyze, and interpret engineering drawings and technical specifications, financial reports and legal documents. Ability to write reports and plans that conform to a prescribed style and format. Ability to effectively present information and respond to questions from groups of managers.MATHEMATICAL SKILLS
REASONING ABILITYAbility to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical requirements and relate them to actual cost and pricing requirements. OTHER SKILLS AND ABILITIESMust possess strong communication skills and strong business sense. Ability to use Word, Excel, PowerPoint, Oracle and SmarTeam.PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk or hear. The employee must occasionally lift or move up to up to 25 pounds. This job requires close vision.WORK ENVIRONMENTThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The noise level in the work environment is usually moderate