What are the responsibilities and job description for the Pricing Analyst position at Parker Hannifin?
Org Marketing Statement
Founded in 1917, Parker Hannifin Corporation is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company has operations in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 64 consecutive fiscal years, among the top five longest running dividend increase records in the S&P 500 index.
The Parker Industrial Process Filtration Division (IPF) brings together over a hundred years of expertise in filtration and separation products. With safety and innovative solutions at the forefront of our designs, we provide a complete breadth of code stamped filter vessels and filter cartridges under the PECO product line servicing the upstream, midstream and downstream markets. From chemicals, water, inks, paints, coatings, and any general fluid application in between, we provide a variety of Parker pleated and depth filters to fit industrial application needs.
The IPF Division is part of the Parker Filtration Group and consists of locations in Texas and North Carolina.
Position Summary
Assist the Division Strategic Pricing Manager in supporting marketing and sales for the Industrial Process Filtration Division in Mineral Wells, TX (near Fort Worth). Make proactively recommend and enact decisions that support sales growth, improve operation health, and support P&L owners’ goals by considering customer value-based marketing, competitive markets, manufacturing costs, and divisional return on sales targets. Support all business units and value streams of the division regarding pricing strategy and reviews of manufacturing costs.
Responsibilities
job classification. The company reserves the right to modify the work assignments and/or to make reasonable
accommodations so that qualified employees can perform the essential functions. The job description is not intended to
be an inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.
Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, we’ve enabled engineering breakthroughs that make energy cleaner, transportation safer, medical treatments more effective, and manufacturing more efficient.
With empowered team members in more than 40 countries, Parker serves customers across aerospace & defense, energy, HVAC & refrigeration, in-plant & industrial equipment, off-highway and transportation.
Our scale is global, but our purpose is personal. We enable breakthroughs that improve lives, strengthen communities and create a brighter future.
Our Purpose — Enabling Engineering Breakthroughs that Lead to a Better Tomorrow — comes to life through our people-first culture where teamwork drives performance, inclusion fuels innovation and growth is encouraged. This environment fosters collaboration and empowers team members from engineering and manufacturing to finance, supply chain, human resources, information technology and beyond.
By combining deep expertise with an entrepreneurial spirit, we help customers succeed in markets that demand performance, reliability, and sustainability.
As we look to the future, Parker is advancing initiatives in energy efficiency and sustainability while developing the next generation of talent and leaders to engineer a better tomorrow.
Competitive Compensation
Pay, Benefits, Work Schedule
Parker Offers Competitive Benefit Programs, Including
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission
Drug Tests
Drug-Free Workplace
In accordance with Parker’s policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.
Founded in 1917, Parker Hannifin Corporation is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company has operations in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 64 consecutive fiscal years, among the top five longest running dividend increase records in the S&P 500 index.
The Parker Industrial Process Filtration Division (IPF) brings together over a hundred years of expertise in filtration and separation products. With safety and innovative solutions at the forefront of our designs, we provide a complete breadth of code stamped filter vessels and filter cartridges under the PECO product line servicing the upstream, midstream and downstream markets. From chemicals, water, inks, paints, coatings, and any general fluid application in between, we provide a variety of Parker pleated and depth filters to fit industrial application needs.
The IPF Division is part of the Parker Filtration Group and consists of locations in Texas and North Carolina.
Position Summary
Assist the Division Strategic Pricing Manager in supporting marketing and sales for the Industrial Process Filtration Division in Mineral Wells, TX (near Fort Worth). Make proactively recommend and enact decisions that support sales growth, improve operation health, and support P&L owners’ goals by considering customer value-based marketing, competitive markets, manufacturing costs, and divisional return on sales targets. Support all business units and value streams of the division regarding pricing strategy and reviews of manufacturing costs.
Responsibilities
- Achieve corporate strategic pricing initiatives: including cost, tariff, and inflation coverage; reduce bad factor business; and improve electronic access to view and order products. Update and improve attribute-based-pricing and value-based-pricing tables . Partner closely with Division Leadership, Product Management, Engineering, MarCom, and Field Sales to achieve price effectivity.
- Proactively provide best-in-class customer support via accurate and timely quotes and answers. Review all RFQs and appropriately make decisions that will ultimately improve the profit levels of the division, taking into account the current market conditions and risk to the division. Support Customer Service, ensuring all ERPs stay up-to-date.
- Responsible for design and implementation of Kaizen techniques and methods to internal processes and systems to eliminate waste and improve processes. Responsible for completing monthly standard work, including Sales Price Index and Parker Operating Protocol (POP) Pricing Pareto calculations, and our Win Scorecard metrics.
- Assist in analyzing the division’s product markets; determine the ceiling and floor prices of products. Evaluate implications on adjustments on pricing, volume, cost, competition, distribution, and segmentation. Recommend appropriate levels and take decisive action within delegated bounds.
- Determine appropriate list prices; standard discounts and rebates; and publication of price adjustments.
- Maintain a disciplined and structured approach to approval of exception pricing on Special Pricing Agreements.
- Work with team on design and implementation of measures and methods for improving pricing effectiveness and efficiency
- Provide management with supporting documentation to allow management to effectively respond to changing economic conditions and market changes.
- BS in Accounting, Marketing, Finance, or equivalent practical experience and two or more years of full-time professional experience.
- Strong analytical and quantitative skills with the ability to be accountable for and provide actionable insights to all parties responsible for sales, operational, and P&L results.
- Excellent PC skills with proficiency with Microsoft Excel (pivot tables, xlookups, and other complex formulas) – Experience with Microsoft Power BI preferred.
- Strong written, verbal, and presentation skills; capable of collaborating effectively with stakeholders at all levels.
- Pricing/quoting/sales/marketing experience a plus.
- General understanding of manufacturing processes, practices, and cost accounting.
- Must be able to maintain customer confidence and keep financial and pricing information confidential.
- Detail-oriented with a focus on accuracy and precision in all submitted work and communications.
job classification. The company reserves the right to modify the work assignments and/or to make reasonable
accommodations so that qualified employees can perform the essential functions. The job description is not intended to
be an inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.
Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, we’ve enabled engineering breakthroughs that make energy cleaner, transportation safer, medical treatments more effective, and manufacturing more efficient.
With empowered team members in more than 40 countries, Parker serves customers across aerospace & defense, energy, HVAC & refrigeration, in-plant & industrial equipment, off-highway and transportation.
Our scale is global, but our purpose is personal. We enable breakthroughs that improve lives, strengthen communities and create a brighter future.
Our Purpose — Enabling Engineering Breakthroughs that Lead to a Better Tomorrow — comes to life through our people-first culture where teamwork drives performance, inclusion fuels innovation and growth is encouraged. This environment fosters collaboration and empowers team members from engineering and manufacturing to finance, supply chain, human resources, information technology and beyond.
By combining deep expertise with an entrepreneurial spirit, we help customers succeed in markets that demand performance, reliability, and sustainability.
As we look to the future, Parker is advancing initiatives in energy efficiency and sustainability while developing the next generation of talent and leaders to engineer a better tomorrow.
Competitive Compensation
Pay, Benefits, Work Schedule
- Participation in Annual and Long-Term Incentive Programs
Parker Offers Competitive Benefit Programs, Including
- Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.
- 401(k) Plan with company matching contributions at 100% of the first 5% of pay.
- Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay.
- Career development and tuition reimbursement.
- Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.
- Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.
- Paid Time Off and Company-Paid Holidays.
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission
Drug Tests
Drug-Free Workplace
In accordance with Parker’s policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.