Senior Pricing Analyst

Company: Hearthside Food Solutions
Location: Downers Grove
Posted on: June 23, 2022

Job Description:

Who We Are: We are Hearthside Food Solutions, a new kind of food company, and the industry's largest contract manufacturer. You won't find our logo on store shelves, but our passion for quality and efficiency is evident in every product we make.We are one of the fastest growing food companies in the US; Part of the new wave of American manufacturers and we are looking for people with the right stuff!Job Summary: The Pricing Analyst is responsible for gathering the data required to prepare a price to the customer for a requested project quote. Quote may include a full BOM (all material inputs and conversion costs) or Conversion price only. This work will be used as the pricing documentation for each SKU entered into the ERP system.Hybrid role working from home 2 days/week and if the office 3 days/week. Some limited travel to plants on occasion.Job Duties: Preparation of Price Quotes for new projects:

• Understand drivers of plant costs
• Gather run data/direct labor costs
• Prepare pricing model / Material BOM (i.e. cost card) as required to generate a final price to customer
• Prepare IRR/NPV analysis for projects requiring capital expenditures
• Prepare ground up cost/pricing models for large scale/new business projectsAd Hoc Financial Analysis:
  • Prepare financial analysis to support pricing decisions when needed
  • Build presentations to summarize and gain alignment on suggested pricing actions
  • Understand and report on customer's historical performanceCost Card creation for new SKU's:
    • Create and distribute product cost cards.
    • Interact with Business Development, Innovation, IT (Master Data), Procurement and Supply Chain Finance to gather the data required to accurately complete cost cards for new SKU's.
    • Extract data from SAP and through use of Business Warehouse (BW) to obtain current formulas, BOM's and product routings.
    • Track new SKU's as they are created by Master Data in order to timely develop product cost cards.
    • Confirm allowable scrap loss percentages with Business Development and Supply Chain Finance.Posting of final pricing into SAP:
      • Input pricing into SAP.
      • Enter Pricing Conditions (Toll, Turnkey Materials, Amortization, etc.) per cost card.
      • Periodically run reports to confirm all Pricing Conditions sum to match the total price for each SKU and research and resolve any that are out of balance.Cost Card Maintenance of existing SKU's:
        • Maintain on a regular basis, as scheduled and agreed to with customer, all current product cost cards.
        • Interact with Procurement to timely receive estimates for component pricing for the timeframe over which the cost cards are to apply.
        • Confirm with Business Development and Supply Chain Finance that existing scrap loss allowances are still valid.
        • Work with Master Data to resolve any data/calculation discrepancies in SAP.
        • Routinely review pricing against the standard costs.Month End Support:
          • Prepare month end supporting entries for customer agreementsSupport for Annual Revenue Budget:
            • Pull pricing for Revenue budget models
            • Review new project inputs for budget preparation
            • Ad hoc budget support as neededRequired Competencies & Knowledge:
              • Hearthside procurement, products, and production processes
              • Knowledge and experience with SAP and BW.Skill in:
                • Must have excellent oral and written communication skills.
                • Strong self-confidence.
                • Must be accurate, detail-oriented and maintain the utmost confidentiality.
                • Strong customer service skills.Ability to:
                  • Communicate in English to give and acknowledge instructions/problems.
                  • handle multiple tasks and projects concurrently/accurately.
                  • Physical and mental ability to work in excess of 40 hours per week.
                  • Ability to calculate figures accurately
                  • Ability to add, subtract, multiply and divide in various units of measure, using whole numbers, common fractions and decimals.
                  • Ability to define problems, collect data, establish facts and draw valid conclusions.
                  • Ability to write routine reports and correspondence.
                  • Ability to work well with others in stressful situations and meet deadlines as necessary.
                  • Ability to handle multiple priorities and tasks.
                  • Ability to work in a fast paced environment, while at the same time making sound decisions.Work Environment:
                    • Maintain harmonious working relations with employees from all departments.
                    • Maintain harmonious working relations with management from all levels.
                    • Communicate effectively with all employees and management.Proficiency in:
                      • MS Office Suite - Excel (Modeling, Building Pivot Tables, Data Analysis)Minimum Qualifications:
                        • 3+years of related experience in Pricing, Cost Accounting or a similar area of expertise such as cost accounting or FP&A
                        • Experience with P&L and margin/variance analysis highly desirable
                        • Experience working in manufacturing a plus.
                        • Experience with SAP or a similar system a plus.
                        • Intermediate Excel skills required (excluding macros, prefer superior Excel Skills/Data Modeling; experience building pivot tables)

Keywords: Hearthside Food Solutions, Downers Grove , Senior Pricing Analyst, Accounting, Auditing , Downers Grove, Illinois