Pricing Intern

Work with the Marketing department to determine relative product value and then work with the Commercial Sales department to capture that value.Understanding of brand positioning and PLMKnowledge of product portfolio: recognition of differentiation by productRespond to transactional price requests. Responses need to be consistent with established profitability goals and market levels.Work closely with stakeholders of the pricing process to determine:Spec to quoteCompetitive landscapeMargin RequirementsVarious Commercial elements (value pricing, internal conflict, lead times, costsetc.)Participate in periodic audit reviews for margin, SAP accuracy, customer facing materialsPartner with Sales and Customer Service to receive requests for price/rebateExecute decisions based on the strategies and tactics outlined for the Business Area and/or product lineInteract with Sales, Regional Manager to address potential conflicts or challengesCollect and disseminate competitive data (ex. Price pages, price increase notices, price review, product offeringAssemble commercial market data for customer segmentation, product profitability,Drive win/loss data collectionDevelop and utilize analytical pricing tools that will enable the pricing department to more effectively manage price. Identify and Share best practices.▪ Perform per establish KPIParticipate in periodic business reviews to communicate measurement to KPIsChallenge KPIs to ensure SMART and meaningful