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PH
Parker Hannifin Corporation
Pricing Analyst
Entry-Level JobVerifiedNo experience needed
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Based on Illinois data
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What they do
A Pricing Analyst researches and recommends prices for company products or services. Analyzes company costs, industry pricing trends and prices at competitor companies. Develops strategies for pricing to improve sales.
$80,647 / year median in Illinois
-2% projected decline
Job Description
Responsibilities Do you have what it takes to shape a better tomorrow? In Motion Systems Group and Hydraulic Actuator Division, we play a pivotal role in applications that change our world. We are in almost everything that moves. With our wide range of technologies, we help our customers solve their most complex engineering challenges by living our purpose: enabling engineering breakthroughs that lead to a better tomorrow. We believe that our team members are our key assets and that a diverse workforce is a driving force to bring our purpose to life. We foster a culture where every team member feels safe, included and empowered. We all belong, we all matter, and we all make a difference. We have an exciting opening for a Pricing Analyst in Des Plaines, IL . This position is responsible for supporting pricing analysis, reporting, and recommendations that help improve profitability, pricing effectiveness, and business decision-making. Under general guidance, this role evaluates customer value, market conditions, product costs, discounting, and pricing performance while developing knowledge of pricing processes, tools, products, and markets. Your responsibilities Support improvements to pricing processes, tools, systems, and reports to increase accuracy, efficiency, and consistency. Assist in analyzing product markets and recommending product floor and ceiling prices. Evaluate pricing factors such as volume, cost, competition, channel, customer segmentation, and profitability under guidance. Assist in developing product cost estimates to support the quote review process and profit evaluation. Support alignment with corporate pricing initiatives, policies, and standard processes. Maintain feedback mechanisms used to measure pricing effectiveness and identify improvement opportunities. Support pricing tools used by product managers, sales teams, and business leaders. Assist with list price reviews, discount and rebate analysis, price increase preparation, communication, and publication. Review exception pricing activity, monitor trends, and support adherence to pricing guidelines and authority levels. Prepare recurring and ad hoc pricing reports to help management respond to economic, competitive, and market changes. Maintain accurate pricing data, documentation, and confidentiality of sensitive pricing information. Who we are looking for Bachelor's degree required; preferred fields of study include Business, Finance, Economics, Engineering, Engineering Technology, Data Analytics, Marketing, or a related discipline. Relevant experience may include internships, co-ops, or entry-level roles in pricing, finance, analytics, marketing, or other related business functions Strong analytical and quantitative skills with the ability to interpret data and identify trends. Proficiency with Microsoft Office, particularly Excel; familiarity with Access, Power BI, Tableau, Salesforce, ERP systems, or other data tools preferred. Strong written, verbal, and presentation skills. Ideally, you will also have General understanding of manufacturing processes, business operations, cost drivers, or cost accounting concepts preferred. Strong attention to detail, sound judgment, and ability to protect sensitive pricing, customer, and business information. Ability to manage multiple priorities, meet deadlines, and work effectively in a team environment. What we offer Solid employer present on the market for over 100 years.