Flowserve Corporation Pricing Analyst in IRVING, Texas

Company Overview:

Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 18,000 employees in more than 55 countries, we combine our global reach with a local presence.

Position Description:

Basic Function:

The Business Analyst will support pricing optimization changes and policies for products in the Flowserve portfolio which includes leading brands in product categories such as engineered pumps, industrial pumps, valves, seals and aftermarket parts and services. The Business Analyst will be responsible for analyzing and driving pricing strategies globally to drive profitable growth for all Flowserve business segments. The Business Analyst will provide analytical support to monitor and optimize pricing strategy through continuous improvement of the enterprise pricing process and execution of targeted pricing studies.

Principal Accountabilities:

  • Develops and defines appropriate price process, guidelines, content for Flowserve products

  • With limited direction can structure and execute appropriate pricing analyses to identify and quantify opportunities

  • Manages development and deployment of complex pricing models

  • Establishes and manages adherence to pricing policies through development, application, and regular reviews of price variance charts and metrics with business stakeholders

  • Supports bid pricing strategy as required by Sales, advises on inflationary and currency-based risks to price

  • Supports Product Management and Industry Marketing with understanding of Revenue and Margin impacts on Customer and Product Profitability

  • Provides management with monthly metrics including trends in bookings, sell price, speed to quote, etc.

  • Interacts with Product Management and regularly monitors industry pricing practices, particularly for major competitors and distributors

  • Understands current economic conditions and provides analytical support for annual pricing increases

  • Understands value position of products against competition, competing alternatives, and internal product offering

  • Determines appropriate list prices and discount structure based on analysis of market climate and competition, and product life cycle

  • Consults with new product development team in defining customer economic value proposition and product commercialization plan

  • Leads discussion on evaluating costing and pricing analysis for new or existing products with cross-functional and site teams

Position Requirements:

Qualifications:

  • BS in Business, Engineering, Marketing, or related field with 5 years or more experience (advanced degree or certification preferred)

  • Outstanding analytical and quantitative skills

  • Background and understanding of Oil & Gas, Power and Chemical industry preferred

  • Excellent computer skills with proficiency in Microsoft Excel and Access

  • Experience with Alteryx, SQL, R, Python, etc. a plus

  • Knowledge of sales process

  • Excellent verbal and written communication skills

  • Project management skills with sales/marketing experience

  • Willing and capable of facilitating change in organization

  • General understanding of financial and cost accounting practices

  • Must be able to maintain customer confidence and protect operations by keeping pricing information confidential

Job Posting/Business Card Title:

Pricing Analyst

Percentage of Approximate Travel Required:

10%

Primary Posting Location:

IRVING, Texas US

Country:

United States of America

Job Posting Category:

Marketing

Employment Type:

Full time

Relocation Eligible:

No

Auto req ID:

42205BR

Preferences:

NA

42205BR