Pricing Analyst Intern

Job Description

The key role of the Pricing Analyst Intern is to assist in the implementation of our pricing strategy that will enable the business to maximize profitability from sales while continuing to drive growth. This role will provide guidance to the sales team and suggest pricing opportunities to optimize margin as well as participate in gross margin improvement initiatives. The responsibilities of this position generally fall into 3 categories: Pricing Strategy, Analysis & Insights, and Execution.

This role will provide cross-functional support to develop & execute on the pricing strategy for all ADI Global products lines using pricing optimization and strategic price list settings using best in class cloud software. Implement key pricing policies & strategies including the development of optimized customer prices for products across various product lines. Facilitate pricing programs by working with Sales, Marketing, and Finance across the organization. Perform data analysis to support ad hoc pricing and profitability projects focused on increasing overall company profitability.

JOB DUTIES:

Pricing Strategy

• Execute ADI's strategic pricing strategy to improve gross margin performance - analyze, communicate, and execute on these strategies.
• Implement strategic price lists of 200,000 products from over 1,000 manufacturers to a customer base of over 70,000 customers.
• Provide negotiated pricing recommendations (Guidance), through analytical software, monitor impact and provide feedback to relevant stakeholders.
• Monitor competitive and marketplace changes and adjust pricing accordingly to capture and maintain maximum value.
• Ensure price changes are effectively implemented, communicated & monitored to ensure they are optimized.

Analysis And Insights

• Develop and drive the analytical solutions to improve pricing, profit, and other strategic initiatives within the company.
• Create and automate diagnostic reporting to understand drivers to daily, weekly, monthly trends and root cause analysis.
• Develop new data feeds that expand overall visibility into internal and external drivers of profitability.
• Communicate and correct transactional price leakage, opportunity, FX variations and price waterfall analysis to identify areas of opportunity.
• Create monthly/quarterly financial reporting metrics to track margin improvement from current plans being executed.

YOU MUST HAVE:

• Have or be enrolled in a Master's or Bachelor's degree program in Applied Mathematics, Analytics, Supply Chain/Inventory Management, Industrial Engineering, Computer Science, or a related field.

WE VALUE:

• Strong problem-solving abilities
• Experience with SQL
• PROS pricing engine knowledge
• Time management skills and the ability to manage multiple projects at once

WHAT'S IN IT FOR YOU:

• In compliance with applicable law, Resideo provides a reasonable range of compensation for roles that may be performed in New York. Actual compensation is influenced by various factors, including, but not limited to, skills, experience, the specific office location, and pay differences based on the local labor market. The expected base salary range for this role in Melville, NY is between $19.00-$31.75.
• Resideo provides comprehensive benefits, including life and health insurance, life assistance program, accidental death and dismemberment insurance, disability insurance, 401k Plan, vacation & holidays.

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About Us

Resideo is a leading global provider of critical comfort and security solutions primarily in residential environments and distributor of low-voltage electronic and security products. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. We continue to serve more than 110,000 professionals through leading distributors, including our ADI Global Distribution business, which exports to more than 100 countries from more than 200 stocking locations around the world. Resideo is a $5.0 billion company with approximately 13,000 global employees. For more information about Resideo, please visit www.resideo.com.

At Resideo, we bring together diverse individuals to build the future of homes. Resideo is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.