Pricing Manager

Company: PARKER HANNIFIN CORP
Location: Richmond
Posted on: May 23, 2023

Job Description:

Founded in 1917, Parker Hannifin Corporation is a $13.7 billion global company.

With annual sales of $13.7 billion in fiscal year 2020, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets.
The company has operations in 49 countries around the world.
Parker has increased its annual dividends paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.

Parker's engineering expertise and broad range of core technologies uniquely positions the company to solve some of the world's greatest engineering challenges.
By partnering with customers, Parker improves their productivity and profitability and seeks new ways to solve humanity's biggest challenges.

Headquartered in Richmond, California, Parker Hannifin's Veriflo Division delivers proven gas and fluid delivery systems and components to customers around the globe. We have the ability to integrate multiple technologies into unique solutions that require the highest levels of precision and performance in cost-effective packages.

For semiconductor tool manufacturers, Veriflo offers ultra-high purity stainless steel and fluoropolymer fittings, valves, regulators and manifolds for VMBs,CMBs, tooling modules, wafer cleaning, wet etching and other specialized microelectronics processing applications.
This high-tech market is constantly evolving and Parker offers an extensive portfolio of products to support the demands of cleanliness and surface preparation for every process.

Working at Parker is far more than just a job. A career with us means joining a family of more than 58,000 dedicated people from around the globe. At Parker, you'll have the opportunity to grow your career, give back to your community, and make a real impact.br> br> Visit us on www.parker.com/veriflo Job Summary: Responsible for collecting, analyzing and evaluating data on products, costs, and markets to support development and presentation of appropriate price and bid strategy. Will monitor and optimize pricing strategy through process control and variance analysis. Responsibilities:

• Creates list prices in conformance to company practices of competitive alignment.
• Quotes new business opportunities. Develops and defines appropriate price guidelines and bid strategy for Division. Develops effective segmentation strategy and variance based analysis to define floor and ceiling price points. Establishes and manages adherence to guidelines and delegation of pricing authority. Defines and manages approval process through regular reviews of price variance charts and metrics.
• Leads effective price reviews on large opportunities with cross-functional divisional staff teams. Assists in new business close strategy. Performs annual review of all quotes as part of renewal process. Modifies prices to eliminate excessive discounting.
• Provides management with monthly metrics on the Pricing Team Improvement Board including win/loss tracking, quote variance to guidelines, sell price trends, speed to quote, etc.
• Maintains product knowledge and regularly monitors industry pricing practices particularly for major competitors and distributors. Understands current economic conditions and financial implications for division. Understands value position of products against competition, competing alternatives, and internal product offering.
• Determines appropriate list prices and discounts based on analysis of market climate and competition, product life cycle, and division versioning strategy.
• Develop appropriate discount strategy based on analysis of market climate and competition. Stays informed in on product life cycle, and versioning strategy of Divisions.
• Works with engineering team in defining customer economic value proposition. Effectively models value proposition segments to define pricing strategy on new product and new service launches.
• Documents customer ROI and payback and assists in development of sales communication of new product and service price strategy. Qualifications:
  • BS in related field.
  • 2-3 years pricing or commercial product management experience.
  • Advanced degree or certification preferred.
  • Strong analytical and quantitative skills.
  • Excellent PC skills with proficiency with Microsoft Excel and Access. \
  • Negotiation skills and commercial judgement. Knowledge of sales process.
  • Excellent verbal and written communication skills.
  • Project management skills with sales/marketing experience.
  • General understanding of financial and cost accounting practices.
  • Must be able to maintain customer confidence and protect operations by keeping pricing information confidential. At Parker Hannifin, base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base salary range for this role is between $76,684.68 and $127,963.88, and your starting pay will depend on a number of factors including prior experience, qualifications, and location. Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
    
    ("Minority / Female / Disability / Veteran / VEVRAA Federal Contractor") In accordance with Parker's policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.

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