Price Analyst / Estimator

Job Purpose

The Price Analyst / Estimator ensures that information critical to pricing products – such as market trends, consumer habits, marketing strategies, competitor pricing, and manufacturing processes are aligned and accurate to increase profitability and market share.  The Price Analyst is a critical link between Sales, Customer Service, Engineering, Process Improvement, Purchasing, and Operations to determine accurate cost and price models.

A Typical Day / Job Responsibilities

The list of duties and responsibilities is not all-inclusive and may be expanded to include other duties and responsibilities, as management may deem necessary.

Pricing Analysis

• Complete marketing & competitor research on pricing and market trends. 

• Use analytical tools to interpret pricing data and historical estimates to forecast trends.

• Recommend pricing strategies based on data insights.

• Create reports to support stakeholder decisions using internal and external data.

• Work with Sales, Marketing, Accounting, Operations, etc. to support projects related to promotions, discounts, or campaigns that require data-driven analysis.

• Evaluate revenue and margin impacts of price adjustments based on budget and communicate with Sales & Leadership teams regularly.

• Revise pricing decisions if necessary, and proactively monitor products’ performance to determine whether reevaluation is needed

• Maintain detailed records for products to evaluate future pricing decisions.  

Estimating, ERP System Maintenance, & Continuous Improvement

• Create product estimates for custom quotes utilizing ERP software.

• Maintain part information in ERP system; data entry and part usage/cost accuracy.

• Create new manufacturing parts as requested by Engineering, Production, and Sales.  Participate in product development meetings to gather insights and report on action items.

• Coordinate with Production and Technical to ensure the accuracy of estimated products and processes. Analyze run history and participate in decision-making when making part updates to standards.

• Review part setup attributes (such as run speed, primary routes) semiannually to identify gaps and adjust.

• Spend time on the shop floor to learn equipment and operator capabilities related to productivity, efficiency, and capacity utilization.

• Determine how and where a product will be manufactured, creating a route and bill of materials (BOM), manufacturing specifications, and any other necessary documents.

• Maintain SOPs of critical processes and documentation of current standards.

• Support continuous improvement project work related to data analysis and reporting.

Company Values

• Interact with internal customers through oral and written communications, including face-to-face and phone conversations, written documents, such as email and other messaging systems.

• Participate in weekly team meetings, show accountability for completing to-dos, providing feedback on projects, and staying engaged in company & department related issues.

• Model Roastar’s core values: Be a Dreamer, Be Pioneering, Be a Typical Midwesterner.

• Follow all Company safety policies and safety procedures to maintain a safe work environment.

• Follow all Company policies, rules, and regulations.

• Act as a professional representative of Roastar always.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 Education, Experience, Skills

• Associate or Bachelor’s degree in Accounting, Business, Engineering, or a related field preferred.

• 1-3 years of experience in pricing, data analysis, or a similar role preferred.

• Experience with pricing software or ERP systems

• Manufacturing industry and process improvement knowledge preferred.   

• Strong organizational skills, including the ability to handle multiple projects at the same time.

• Attention to detail and problem-solving abilities

• Excellent communication and presentation skills

• Strong math skills, including problem solving.

• Willingness to learn new processes and systems.

• Be a team player and take action to promote a positive team climate.

• Confidence and professionalism in representing Roastar.

Physical Requirements

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to perform the essential functions of the position including, but not be limited to the following:

• Use of office equipment including computer, telephone, copier/printer.

• Ability to sit at a computer for an extended period.

• Frequently required to walk, stand, stoop, kneel, crouch, or crawl.

• Occasionally lift and/or move up to 10 pounds and occasionally lift and/or move up to 20 pounds. Hours of work are generally during regular business hours and average at least 45 hours a week.

There will be some variation in work hours due to employee shift schedules, special projects, deadlines, employee needs, and other concerns.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Standard in-office work environment. Some time spent on the production floor may be required.

General

This position description is not intended to be all inclusive. Employees may perform other related duties

to meet the ongoing needs of the organization. Responsibilities and requirements are subject to change at the discretion of management. The employee is expected to adhere to all Company policies and procedures.