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Crowned Grace International
Lanham, MD | Full Time
$74k-92k (estimate)
1 Week Ago
Pricing Analyst
$74k-92k (estimate)
Full Time | Education & Training Services 1 Week Ago
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Crowned Grace International is Hiring a Pricing Analyst Near Lanham, MD

    Posted 23-Jan-2024 (EST)
  • 4415 Nicole Drive suite f, Lanham, MD 20706, USA
  • 25-28.00 per hour
  • Salary
  • Full Time
  • Medical, Vision, Dental, Life Insurance, 401 K

Crowned Grace International seeks a qualified, trained, capable individual to serve as a Pricing Analyst who will support our organization's growth and success by providing accurate and comprehensive pricing and cost estimates for various proposals, projects, and contracts. We are the premier solution integration provider for public and private sector organizations within the United States, Mexico, and Brazil. We seek a high-energy, detail-oriented, motivated individual who enjoys crunching numbers and has relevant experience supporting the federal government. This fast-paced position requires attention to detail, excellent problem-solving skills, the ability to multi-task and thrive in a deadline-driven environment, and a willingness to learn to finish the job and see a proposal through to completion. A dedication to teamwork is an essential part of the job - you will be part of a great team that is eager to help one another to business success!

Responsibilities include, but are not limited to:

  • Manage all stages of the pricing proposal process, including RFP analysis, questions, market research, interfacing with internal and external team members, pricing reviews, final pricing, and written volume submission.
  • Review and interpret Government RFPs for cost/price volume requirements and ensure the final products are accurate and compliant with all instructions.
  • Assist in preparing proposal documents by providing accurate cost estimates and relevant financial data to enhance our bids' overall quality and competitiveness.
  • Design models, develop pricing strategies, perform financial analyses of costs and prices, and perform competitive analyses of pricing and offerings, increasing in size, value, and complexity.
  • Perform fact-finding with cross-functional proposal teams to ensure that all attributable cost elements are accounted for in the pricing solutions.
  • Builds simple to complex pricing and cost estimating models for multiple subsidiaries, including various comparative, competitive, discount, and profit analysis levels.
  • Conduct thorough and detailed cost analysis for various projects, bids, and contract proposals. Collaborate with project managers and stakeholders to gather all necessary data and information to create accurate estimates.
  • Provide input and analysis on proposal cost, technical, and salary assumptions.
  • Conduct appropriate levels of market research to ensure and justify fair and reasonable pricing.
  • Leverage open-source data and public information to research and build market and potential partner/competitor profiles.
  • Stay current on market trends and patterns that may affect services offered by the organization (current or future)
  • Create and respond to partner and subcontractor data calls and general information requests.
  • Present pricing strategy to leadership
  • Ensure cost volume accuracy, including BOE completeness. Initiate internal files for peer reviews and pricing management reviews. Create customer submittal files. Maintain auditable pricing files and proposal artifacts.
  • Develop and maintain cost models to streamline the estimation process. Continuously refine and update these models to ensure they align with the latest industry standards and company-specific requirements.
  • Identify potential risks and uncertainties impacting project costs. Work closely with project teams to develop contingency plans and risk mitigation strategies.
  • Participate in daily interactions with cross-functional capture teams (BD, Program Control, Contracts, HR) and Project Services.
  • Communicate pricing requirements, collect basis of estimate (BOE) data, present proposal status, and review pricing iterations.
  • Stay current with relevant government regulations, contracting requirements, and accounting principles to ensure our cost estimation practices are fully compliant.
  • Maintain comprehensive cost estimation activities, assumptions, and methodologies records. Prepare reports and presentations for management and external stakeholders as needed.
  • After award, monitor and review contract performance to identify pricing discrepancies or financial risks.
  • Provide guidance and support to project teams regarding pricing strategies, contract terms, and pricing adjustments.

Basic Qualifications:

  • A minimum of 3-5 years experience in a pricing role with a federal government contractor.
  • Bachelor's degree in finance, Accounting, Business Administration, or a related field.
  • Advanced degrees or certifications (e.g., Certified Cost Estimator/Analyst - CCEA) are advantageous.
  • Understanding of general Federal Acquisition Regulations (FAR) and specific experience with Multiple Award Schedules (MAS) and contract by negotiation.
  • Ability to facilitate and lead kick-off, status, and review meetings.
  • Knowledge and efficiency in the following Software: Microsoft Office, MS Teams, Complex Excel workbooks and formulas.
  • Proficiency in financial modeling and analysis software, such as Microsoft Excel, and experience with cost-estimating tools and databases.
  • Must be able to work independently and develop and succinctly recommend pricing strategies to drive revenue and profit utilizing knowledge of data, research, and trends.
  • Strong analytical and quantitative skills, with the ability to interpret complex data and draw meaningful insights to support decision-making.
  • Excellent verbal and written communication skills, with the ability to present complex financial information clearly and concisely to technical and non-technical stakeholders.
  • Meticulous attention to detail to ensure accuracy in cost estimates and financial forecasts.
  • Strong team player who can collaborate effectively across departments and work towards common goals.
  • Ensure cost volume accuracy, including BOE completeness. Initiate internal files for peer reviews and pricing management reviews. Create customer submittal files. Maintain auditable pricing files and proposal artifacts.
  • Develop and maintain cost models to streamline the estimation process. Continuously refine and update these models to ensure they align with the latest industry standards and company-specific requirements.
  • Identify potential risks and uncertainties impacting project costs. Work closely with project teams to develop contingency plans and risk mitigation strategies.
  • Participate in daily interactions with cross-functional capture teams (BD, Program Control, Contracts, HR) and Project Services.
  • Communicate pricing requirements, collect basis of estimate (BOE) data, present proposal status, and review pricing iterations.
  • Stay current with relevant government regulations, contracting requirements, and accounting principles to ensure our cost estimation practices are fully compliant.
  • Maintain comprehensive cost estimation activities, assumptions, and methodologies records. Prepare reports and presentations for management and external stakeholders as needed.
  • After award, monitor and review contract performance to identify pricing discrepancies or financial risks.
  • Provide guidance and support to project teams regarding pricing strategies, contract terms, and pricing adjustments.
  • Excellent organizational and time management skills to efficiently meet tight deadlines and handle multiple concurrent projects.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Education & Training Services

SALARY

$74k-92k (estimate)

POST DATE

02/13/2024

EXPIRATION DATE

02/24/2024

WEBSITE

crownedgrace.com

HEADQUARTERS

LANHAM, MD

SIZE

25 - 50

FOUNDED

2003

TYPE

Private

CEO

STEPHANIE PARSON

REVENUE

<$5M

INDUSTRY

Education & Training Services

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The job skills required for Pricing Analyst include Pricing, Analysis, Insight, Accounting, Microsoft Office, 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.

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
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