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Cooley LLP
Reston, VA | Full Time
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Pricing Analyst
Cooley LLP Reston, VA
Full Time | Consumer Goods 11 Months Ago
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Cooley LLP is Hiring a Pricing Analyst Near Reston, VA

Pricing Analyst Cooley is seeking a Pricing Analyst to join the Strategy & Legal Practice team. Position summary: Primarily responsible for working in partnership with the Director of Strategic Business Analysis, practice group leaders, department chairs and firm management to craft integrated pricing strategies, including a menu of viable alternative pricing options and templates to effectively capitalize on business opportunities and maximize the firm's profitability and attorney efficiency. The position will also work with leadership on practice, business and profitability reporting. Position responsibilities: Research and respond to pricing requests in related RFPs Together with practice group leaders, attorneys and other key personnel, develop workflows and tools (e.g., checklists, software application(s), etc.) to help attorneys effectively manage their matters from inception to closing Lead in the design of process workflows that allow the attorney team to stay focused on the client's goals for the matter's efficient outcome and budget Develop and implement a database of completed matters to function as a template for future use Train attorneys and administrative personnel to use the tools for matter management and client communications highlighting the exceptional value of service delivery through matter management Report on key practice group KPIs, draft communications, and provide substantive input on meeting agendas and other key strategic initiatives, to facilitate a top-down communications strategy in line with the strategic plan. Oversee the financial reporting/monitoring support to the firm as it relates to execution of ongoing client matter management With use and feedback, fine-tune and improve workflows and client matter management methodology Help structure, develop and implement best practices for practice management Recommend and implement policies and procedures that facilitate consistent, cost efficient application of legal processes within the firm Review and analyze financial reports provided by the finance department, reports regularly to practice group leaders on key performance indicators and makes recommendations for appropriate actions to improve group financial performance Perform various types of analysis to support firm management and decision making, including economic, cost/benefit and profitability Analyze and interpret billing information, independently research matters and engage in discussions with the firm’s lawyers about the scope and cost of historical engagements and matters Develop tools and processes to support data mining and analysis, engagement, budgeting and reporting Build upon existing efforts to develop and maintain databases of information about the firm’s engagements across the firm’s practices and matters Keep informed regarding pricing and engagement arrangement tools and trends within the legal services industry Independently work with the firm’s lawyers to develop pricing proposals and budgets for their engagements; provide periodic reporting to assist in the monitoring and management of matters Work closely with the firm’s marketing organization providing analysis and reporting to support the firm’s marketing and BD initiatives Work independently to problem solve, applying in-depth analysis, understanding of business objectives and related disciplines Collaborate with other departments including marketing, client account managers, billing, client arrangements, and financial systems, knowledge management and information services. Work with these departments to gather necessary data Skills and experience: Required: Advanced MS Excel skills 2 years’ experience working in finance, pricing or related field Working knowledge of business operations (including specifically finance and pricing) Demonstrated experience in preparing models and analysis to assess the profitability of new business proposals, as well as track actual performance against budget Demonstrated experience creating budgets and working on complex pricing and alternative fee arrangements Preferred: Bachelor’s degree, preferably in finance, accounting, actuarial or mathematics-related field Project Management certification Experience working as a business analyst in a pricing or finance related capacity Practice management experience in a pricing or finance related capacity Law firm and/or professional services experience Competencies: Excellent organizational, time-management and prioritization skills required Willingness to learn Superior problem-solving skills; ability to think critically and strategically to provide analysis and steps for improvement Ability to work collaboratively within a team; ability and willingness to adapt to changing business demands Ability to exercise good judgment at all times by making sound and practical decisions; ability to assume responsibility for decisions and act decisively under deadlines Maintain a high level of professional integrity; ability to maintain confidentiality and build trust Cooley offers a competitive compensation and excellent benefits package. EOE.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Consumer Goods

POST DATE

05/24/2022

EXPIRATION DATE

10/28/2022

WEBSITE

cooleygroup.com

HEADQUARTERS

PAWTUCKET, RI

SIZE

100 - 200

FOUNDED

1926

CEO

DANIEL DWIGHT

REVENUE

$50M - $200M

INDUSTRY

Consumer Goods

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The job skills required for Pricing Analyst include Pricing, Analysis, Accounting, Initiative, Economics, Problem Solving, etc. Having related job skills and expertise will give you an advantage when applying to be a Pricing Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Pricing Analyst. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Pricing Analyst positions, which can be used as a reference in future career path planning. As a Pricing Analyst, it can be promoted into senior positions as a Competitive Pricing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Pricing Analyst. You can explore the career advancement for a Pricing Analyst below and select your interested title to get hiring information.

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If you are interested in becoming a Pricing Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Pricing Analyst job description and responsibilities

Pricing analysts understand business trends and market values for the products and services their organizations offer.

03/24/2022: Virginia Beach, VA

Pricing analysts help determine what prices to set and whether current rates need adjustment.

02/05/2022: Denver, CO

Pricing analysts conduct research to learn the history of the product and previous market trends.

02/24/2022: Lafayette, LA

Pricing analysts collaborate with organizations that employ some form of a recurring revenue model to test various hypotheses about the efficacy of existing and proposed business models, pricing and packaging structure, and general market behavior.

03/14/2022: Boca Raton, FL

Heavily quantitative role focused on guiding management through developing pricing policies.

03/05/2022: Helena, MT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Pricing Analyst jobs

Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.

04/10/2022: Fayetteville, NC

Students and new graduates can usually gain the necessary experience through a junior pricing analysis or finance position.

01/21/2022: Springfield, IL

Use pricing models to measure product profitability.

03/27/2022: Pittsfield, MA

Undertake ad-hoc pricing analysis as required by superiors.

03/02/2022: Boulder, CO

Therefore, to better understand changing price points, businesses should conduct new pricing-sensitivity study and market price tests right away.

03/12/2022: Hopkinsville, KY

Step 3: View the best colleges and universities for Pricing Analyst.

Butler University
Carroll College
Cooper Union
High Point University
Princeton University
Providence College
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