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Pricing Analyst

Company: ITW
Location: Macedonia
Posted on: January 15, 2022

Job Description:

Company Description

ITW is a Fortune Manufacturing Company with Multi-Billion Dollar revenue and forty-eight thousand employees world-wide. Known for innovation, diversification, and excellent financial performance.

ITW's products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

ITW's Automotive segment designs and manufactures innovative fasteners, interior and exterior components, and powertrain and braking systems for OEMs and their top-tier suppliers. ITW's automotive businesses have a high level of customer intimacy, enabling customer-back innovation to address complex needs such as vehicle efficiency, safety, and quality. Deep market knowledge and strong manufacturing process capabilities allow ITW's automotive businesses to be nimble, niche problem solvers for their sophisticated customers.

The Body and Fuel Division drives profitability by leveraging its innovative solutions and application engineering. In addition to ITW's industry leading research and development capabilities, ITW Body and Fuel enhances our customers' competitive advantage. Body and Fuel is a business group within ITW's Automotive segment with manufacturing locations in North America. Our Body and Fuel products are made up of housings and doors, innovative Capless solutions and charge ports for major OEMs around the world.

Job Description

Role Summary: The Pricing Analyst is responsible for the quoting process. This includes the development of Internal Cost Breakdown Models. And it includes development of the Customer Quote and formal submission into the customer-specific supplier interface system. The position reports to the Program Manager. This position will rarely travel.

Primary Responsibilities

Development of Cost Breakdown Models
Requires Detailed Breakdown of Resin, Molding Process, Decoration Process, Sub-Components, Logistics, Packaging and Assembly
Requires highly accurate calculation of MM, VM, OI

Development of Customer Quotes (OEM and Tiers)
Strategic decision-making
Submission in Customer Specific format
Justification of change-points in pricing
JOEM's and European OEM's Support Cross-Functional Quote Review Meetings - Communicate quoting assumptions - Communicate quoting options

Types of Quotes
Sourcing Quotes
Tooling Breakdown submissions
Pricing Quotes
Engineering Change Quotes

Develop Pricing for New Innovative Projects
Support the strategic decision making for development projects
Confirm financial assumptions as the project progresses

Price Reduction Initiatives
Calculation and confirmation of Sales - Development of Cost Reduction Proposals - Calculation of Supplier Costs and Impact

Piece Price Purchase Orders
Receipt from Customer OEM's and Tiers
Confirmation of accuracy to pricing history logs
Approve for Production Manufacturing
Maintain file and tracking

Tooling Purchase Orders
Receipt from Customer: OEM's and Tiers
Confirmation of accuracy to pricing history logs
Approve for Tooling Team
Submit Asset Tag/Number detail for tracking
Maintain file and tracking

Material Pricing
Tracking resin production cost changes

USMCA Requirements And Customer Submissions
Production and Service
Customer specific interface for submission

CAFE Report
Production and Service
Customer specific interface for submissions

COO Submissions
Production and Service
Customer specific interface for submissions

American Automobile Labeling Act (AALA)
Production and Service
Customer specific interface for submissions

Tooling Budgeting
New Tooling
Capacity Tooling
Tooling Modifications

Quoting Packaging
Quoting for Customers OEM and Tiers for New Programs, Production Program volume changes, and Quoting Service Projects
Receive Packaging PO's with confirmation of accuracy to pricing history logs and approval for Production Team

Bachelor's Degree in Engineering/Accounting or Finance
2-5 years financial analysis experience
Strong analytical skills
Prior experience working with JOEM (Toyota, Nissan, Honda, etc) quoting systems.
Strong organizational and project management skills including the ability to meet demanding and evolving deadlines
Ability to effectively articulate insights and recommended actions based on data
Prior experience building pricing models or analyzing promotional programs is beneficial
Highly motivated and detailed-oriented

Additional Information

ITW is an Equal Opportunity Employer.


ITW is an equal opportunity employer. We value our colleagues' unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.

Keywords: ITW, Evansville , Pricing Analyst, Professions , Macedonia, Indiana

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