Senior Pricing Analyst
Northbrook, IL - USA
Department:
Job Summary
About the Role
Bell Flavors & Fragrances Inc. is seeking a Senior Pricing Analyst to join our Finance & Accounting team in Northbrook IL. This position plays a critical role in developing and supporting accurate competitive and profitable pricing strategies for domestic and international customers.
The Senior Pricing Analyst will analyze cost data market conditions customer requirements and key business drivers to develop pricing recommendations that support both customer needs and company profitability. This role will oversee customer pricing within the D365 ERP system lead periodic pricing reviews evaluate pricing scenarios and collaborate closely with Sales Technical Finance and other cross-functional teams.
The ideal candidate is a highly analytical detail-oriented business partner who can translate complex pricing and financial data into actionable recommendations and effectively communicate those insights to stakeholders and management.
Key Responsibilities
- Lead cross-functional collaboration with Sales Technical Finance and other internal teams to develop competitive item pricing that balances profitability customer requirements and market conditions.
- Maintain manage and validate customer pricing within the D365 ERP system ensuring accuracy consistency and timely implementation.
- Develop review and maintain tiered pricing structures designed to optimize profitability and support business objectives.
- Lead semi-annual pricing reviews and recommend pricing adjustments based on commodity costs market trends margin expectations customer requirements and overall business conditions.
- Monitor key cost drivers and market fluctuations and evaluate their impact on pricing margins and profitability.
- Develop and maintain reporting dashboards and analytical tools using sales pricing cost and margin data to support business decisions.
- Support the analysis implementation administration and execution of pricing initiatives and pricing changes across the organization.
- Evaluate pricing scenarios and provide data-driven recommendations to support strategic and tactical business decisions.
- Identify pricing risks process gaps data-quality issues and opportunities for process improvement; recommend and implement solutions to improve pricing accuracy and effectiveness.
- Serve as a pricing subject matter expert and provide guidance and analytical support to internal teams on pricing processes tools and business impacts.
- Present pricing analyses recommendations and financial implications to management and key stakeholders.
- Build and maintain strong cross-functional relationships to promote consistency accountability and collaboration throughout the pricing process.
- Ensure pricing activities comply with applicable company policies safety and quality standards regulatory requirements and food safety requirements.
Qualifications
- Bachelors degree in Finance Accounting Business Economics or a related field required.
- 47 years of experience in pricing financial analysis cost analysis business analytics or a related discipline required.
- Experience with custom-manufactured product pricing strongly preferred.
- Experience in the specialty chemical ingredients flavors fragrances food or related manufacturing industries preferred.
- MBA or CPA designation preferred.
- Experience working with complex pricing structures cost models or customer-specific pricing preferred.
- Technical & Analytical Skills
- Strong understanding of pricing strategy margin analysis cost drivers profitability and financial analysis.
- Advanced Microsoft Excel skills including experience working with large data sets formulas pivot tables data analysis and financial/analytical models.
- Experience with Microsoft Word PowerPoint and Access preferred.
- Experience with Microsoft Dynamics 365 (D365) or a comparable ERP system preferred.
- Ability to analyze and interpret financial reports pricing data contracts customer requirements and other business documents.
- Strong critical-thinking problem-solving and analytical skills with exceptional attention to detail.
- Ability to identify trends evaluate alternatives and translate data into practical business recommendations.
Communication & Collaboration
- Strong written and verbal communication skills with the ability to clearly present complex information to both technical and non-technical audiences.
- Demonstrated ability to influence and collaborate effectively across Sales Technical Finance and other departments.
- Ability to present recommendations and business impacts confidently to management.
- Highly organized and able to work independently while effectively managing multiple priorities and deadlines.
- Comfortable working in a fast-paced environment where priorities and business needs may evolve.
Why join Bell:
- Competitive salary: $60000$120000 with actual starting pay based on experience skills and qualifications.
- Full-time benefits package.
- The opportunity to make a meaningful impact on pricing strategy and business performance
- Opportunities for professional growth and career development.
- A collaborative and supportive work environment.
- The opportunity to work with a global organization and diverse customer base.
- Commitment to diversity inclusion and a respectful workplace.
Required Experience:
Senior IC
About Company
Bell Flavor and Fragrances are experts in sensory and deliverers of experiences. We are the secret ingredient of your brand.