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Pricing Analyst
Steptoe LLP Washington, DC
$74k-91k (estimate)
Full Time 1 Week Ago
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Steptoe LLP is Hiring a Pricing Analyst Near Washington, DC

Steptoe LLP, a Washington is seeking a Pricing Analyst to join its Client Value Department. This role will be responsible for assisting the Client Value team and lawyers with analysis in connection with strategic pricing arrangements, RFPs and client proposals. Works closely with lawyers and with administrative departments such as Finance, Accounting, Billing, Marketing and Business Development, New Business Intake, the General Counsel's Office, IT and others. This position may be based out of any of our U.S. offices.
Essential Functions
  • Analyzes fee arrangements and develops sophisticated pricing models to improve realization and increase overall profitability.
  • Performs analysis on Firm's clients and matters; identifying revenue, realization and profitability trends.
  • Designs and implement financial models to project impact of rates, pricing arrangements and staffing models on clients/matters.
  • Assists with preparation of RFP responses; works collaboratively with the Business Development team and attorneys to provide input to pricing specific sections of pitches and proposals.
  • Review, track and evaluate alternative fee arrangements.
  • Prepare monthly and ad hoc reports for Client Value, practice group, and firm leadership review of firm and client performance.
  • Assists with the annual review of firm standard rates and annual client rate review process.
  • Assists with coordinating reporting capability improvements with IT and Financial Systems.
  • Collaborate with Billing team to ensure accurate deal entry into firm and client financial systems.
Non-Essential Functions
  • Perform other tasks and project, as assigned
Minimum Qualifications
  • Bachelor's degree required.
  • Two to four years working in a law firm or professional services firm, preferably in areas related to finance, accounting, pricing and legal project management; other similar work experience will be considered
Success Factors
  • Outstanding client service skills and responsiveness
  • Excellent written and oral communication skills
  • High level of proficiency in financial modeling and sophisticated skills in manipulating data
  • Strong analytical skills with the ability to synthesize multiple pieces of information clearly and concisely
  • Strong organizational skills and attention to detail
  • Ability to ensure accuracy of system data
  • Ability to interact with all levels of the organization, employing a high degree of tact, diplomacy, and professionalism
  • Ability to maintain strict confidentiality
  • Ability to prioritize, juggle multiple tasks, and work in a fast-paced environment
  • Must exhibit a high sense of urgency
  • Must be team-oriented
  • Must have a strong work ethic and the ability to work nights and weekends as necessary
  • Advanced Excel skills; proficiency with Microsoft Word and PowerPoint
  • Experience with VBA, SQL, and/or PowerBI a plus
  • Experience with database tools and financial reporting tools a plus
  • Experience working in a Law Firm is required
  • Experience working with Elite 3E or Elite Enterprise a plus
Work Environment
  • Professional services environment
  • Non-smoking environment
  • Must be available to work beyond regular days and hours
  • Must be able to work under tight deadlines & stressful situations

The anticipated salary for this position is $95,000. The actual base salary offered will be dependent upon the applicant's experience and qualifications, as well as other job-related factors, including but not limited to, relevant skills, education, certifications or other professional licenses held, and if applicable, geographic location.

Steptoe LLP will consider qualified applicants with criminal histories in a manner consistent with the City of Los Angeles Fair Chance Ordinance.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Steptoe LLP is an equal opportunity employer EOE/AA/Minority/Female/Disability/Veteran. All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, sexual orientation, gender identity and expression, marital status, mental or physical disability, genetic information, or any basis proscribed by applicable statutes.

Job Summary

JOB TYPE

Full Time

SALARY

$74k-91k (estimate)

POST DATE

04/28/2024

EXPIRATION DATE

06/27/2024

WEBSITE

thesteptoegroup.com

HEADQUARTERS

ELLICOTT CITY, MD

SIZE

50 - 100

TYPE

Private

CEO

CHANDRA S NANJAPPA

REVENUE

$10M - $50M

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The job skills required for Pricing Analyst include Pricing, Analysis, Accounting, Leadership, RFP, PowerPoint, 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
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