What are the responsibilities and job description for the Pricing Analyst position at Westlake?
Westlake Pipe & Fittings, a Westlake division (NYSE:WLK), is one of the largest polyvinyl chloride pipe and fittings manufacturer in North America. With 23 manufacturing and distribution locations, the company supplies gasketed, solvent weld and restrained joint pipes and a wide range of fittings for a diverse list of markets including municipal water and sewer, plumbing, water well, pool and spa, and agricultural and turf irrigation. Westlake Pipe & Fittings is an industry leader in product development with Certa-Lok® spline-lock technology and product systems that are focused on building A Better Foundation. To learn more, visit the website at WestlakePipe.com and follow us on LinkedIn and Facebook.
Summary
We are seeking a detail-oriented and analytical Pricing Analyst to join our team. In this role, you will be responsible for developing and implementing pricing strategies that maximize profitability while maintaining competitiveness in the market. You’ll collaborate with cross-functional teams to analyze data, forecast trends, and provide actionable insights to key decision makers.
Duties And Responsibilities
May include, but are not limited to, the following:
Summary
We are seeking a detail-oriented and analytical Pricing Analyst to join our team. In this role, you will be responsible for developing and implementing pricing strategies that maximize profitability while maintaining competitiveness in the market. You’ll collaborate with cross-functional teams to analyze data, forecast trends, and provide actionable insights to key decision makers.
Duties And Responsibilities
May include, but are not limited to, the following:
- Develop and implement pricing strategies for products that align with business objectives and market conditions.
- Collaborate with sales and customer service teams to understand industry trends, competitive landscape, and customer preferences.
- Analyze sales data, financial metrics, and market research to identify pricing opportunities and risks.
- Develop pricing models to forecast the impact of pricing changes on sales volume, revenue, and profitability.
- Prepare detailed reports and presentations on pricing analysis and recommendations for senior management.
- Work closely with customer service, sales, marketing, finance, and product development teams to align pricing strategies with overall business goals. Continuously monitor and adjust pricing strategies based on market feedback and performance metrics.
- Ensure pricing practices comply with legal and regulatory requirements.
- Utilize and manage pricing software and tools to support pricing decisions.
- Bachelor’s Degree in Finance, Economics, Business Administration, Statistics or a related field
- 3 years of experience in pricing analysis, financial analysis or a related field
- Proficiency in data analysis tools and software and familiarity with pricing software is preferred
- Experience with SAP S/4HANA is highly desired
- Strong analytical and problem-solving skills with the ability to interpret complex data sets
- Excellent verbal and written communication skills with the ability to present findings clearly
- High level of accuracy and attention to detail in data analysis and reporting
- Ability to manage multiple projects and meet deadlines in a fast-paced environment
- Ability to work collaboratively with cross-functional teams and build effective working relationships