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
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