What are the responsibilities and job description for the Pricing Intern position at ITT Inc.?
Position Summary
The Pricing Intern will support the Strategic Pricing team by contributing to pricing analytics, process governance, and competitive pricing strategies. This internship offers hands-on experience in pricing methodologies, business analysis, and strategic decision-making. Interns will gain a working knowledge of pricing strategies and tactics, learn portfolio segmentation methodologies, and develop an understanding of customer value and market dynamics. The role is designed to build foundational skills for a potential transition into a full-time Pricing Analyst position within 12–18 months.
Essential Responsibilities
- Provide analytical support to the pricing team.
- Assist in governance of pricing policies, procedures, and continuous improvement initiatives.
- Audit distributor sales against SPA (Special Pricing Agreement) terms and commitments.
- Support development of competitive pricing alignment strategies.
- Analyze low-margin business and recommend corrective actions to improve profitability.
- Utilize Point of Sales and win/loss data to update pricing guidelines and support strategic decisions.
- Participate in implementation of quotation process improvements.
Position Requirements
- Currently pursuing a Bachelor's degree in one of the preferred majors.
- Strong analytical and problem-solving skills.
- Familiarity with data analysis tools and Excel.
- Ability to work independently and collaboratively in a team environment.
- Interest in pricing strategy, market analysis, and business operations.
- Strong communication and organizational skills.