Pricing Analyst

Job Summary

Career Area: Sales

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, youre joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We dont just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Role Definition

Partners with product, financial and industry teams to guide the execution of dynamic and differentiated pricing strategies that align with product and enterprise goals for revenue and profitability

Responsibilities

• Analyzes, interprets and communicates a wide variety of data (economic and competitive environment, revenue and profitability, and historical forecasted sales, prices, discounts and price realization) to draw business insights and recommend actions to maximize sales and profitability
• Develops advanced strategic pricing recommendations for new and existing products and services to drive value-based pricing
• Provides thought leadership to key stakeholders in the development of pricing strategies for new and existing products and services
• Executes strategic and tactical price action within a robust pricing governance framework to implement future price changes

Skill Descriptors

• Customer Focus: Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and ability to leverage that information in creating customized customer solutions. Level Working Knowledge:
  - Communicates the importance of customer needs/expectations and commits to resolving them.
  - Researches and verifies customer needs and expectations.
  - Solicits customer satisfaction feedback and acts on improvement opportunities.
  - Helps link organizational objectives to customer needs and expectations.
  - Meets regularly with customers to understand their wants, needs and expectations.
• Data Gathering Analysis: Knowledge of data gathering and analysis tools, techniques, and processes; ability to collect and synthesize data from a variety of stakeholders and sources in an objective manner to reach a conclusion, goal, or judgment. Level Extensive Experience:
  - Advises on advanced data gathering and analysis methodologies and technologies.
  - Oversees data gathering and analysis activities within the organization.
  - Documents sources and validates the accuracy of data analysis by evaluating the pros and cons of data analysis methods used.
  - Implements procedures and policies within a data processing function.
  - Teaches others how to improve the validity and reliability of data used in various analyses.
  - Evaluates best practices of data gathering and analysis within the industry.
• Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment. Level Working Knowledge:
  - Applies an assigned technique for critical thinking in a decision-making process.
  - Identifies, obtains, and organizes relevant data and ideas.
  - Participates in documenting data, ideas, players, stakeholders, and processes.
  - Recognizes, clarifies, and prioritizes concerns.
  - Assists in assessing risks, benefits and consideration of alternatives.
• Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors. Level Working Knowledge:
  - Delivers helpful feedback that focuses on behaviors without offending the recipient.
  - Listens to feedback without defensiveness and uses it for own communication effectiveness.
  - Makes oral presentations and writes reports needed for own work.
  - Avoids technical jargon when inappropriate.
  - Looks for and considers non-verbal cues from individuals and groups.
• Negotiating: Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner. Level Basic Understanding:
  - Describes qualities of effective and ineffective negotiations.
  - Explains the basic concepts of negotiating.
  - Accesses organizational policies and practices for negotiating.
  - Utilizes techniques for establishing rapport and building trust.
• Relationship Management: Knowledge of relationship management techniques; ability to establish and maintain healthy working relationships with clients, vendors, and peers. Level Extensive Experience:
  - Communicates to clients regarding expectations of all parties.
  - Participates in negotiating the terms of the business relationship.
  - Conducts periodic reviews of work effort, progress, issues, and successes.
  - Maintains productive, long-term relationships with clients or vendors.
  - Creates opportunities to educate support teams on client priorities.
  - Empowers others to establish collaborative, healthy relationships.
• Value Selling: Knowledge of the principles and practices for selling products, technology and services; ability to provide overall product/service value and to differentiate support offerings that address clearly understood customer needs. Level Working Knowledge:
  - Uses value selling techniques to successfully engage customers.
  - Researches the customers industry and organization before attempting sales calls.
  - Discusses issues and considerations regarding current value selling practices and recommends potential improvements.
  - Quantifies proposed costs, benefits and value in customer terms.
  - Defines and documents value-added activities and their benefits to customers beyond the initial sales transaction.

Job Details

This job required 5days working from office.

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