Costing / Pricing Analyst - II

The Pricing Analyst plays a critical role in managing global pricing activities for global/domestic accounts and providing insights to drive profitability and growth for the organisation. This position requires a strong analytical mindset, excellent problem-solving skills, and the ability to work collaboratively with cross-functional teams.

It’s an exciting time to be part of ITT India. ITT is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for ITT but for those who count on us every day: our employees, customers and communities.

Responsibilites:

• Lead discussions to consult with business leaders to generate insights on customer price sensitivities, market intelligence, and profitability impacts, with the objective of Profit optimization.
• Review of BID/Tender/RFQ/Customer specs/TQ received from Sales/Application.
• Float RFQ to Advance Procurement Team /vendor for Buyout offers.
• Review & finalize Techno commercial Vendor offers/TQ.
• Close coordination with sales/Application team for Technical/commercial change/requirement
• Organize and participating in review meetings with customer/project consultants/vendor to freeze the requirement/deviation.
• Technical Bid Evaluation for various bought out items.
• Preparation of detail techno‐commercial offer.
• Inco term/duty benefit 
• Develop and maintain pricing models to optimise pricing strategies and drive profitability.

Skills/Knowledge sought

• Pump/Motor/Seal Plan knowledge
• Knowledge on API 610/682
• Knowledge on Motors, Lub systems or seal systems.
• Chemical and Oil & Gas industry knowledge
• Knowledge on Inco terms, Local Taxes, Duties etc.,
• Knowledge on Application/Techno commercial Proposal preparation.
• Knowledge on costing for large size project considering the long term project risk.
• Interpersonal and communication skills.
• Proactive and results-oriented mindset with the ability to prioritise and manage multiple projects simultaneously.
• BE/Btech (Mech) with min 5 years of experience in relevant industry. MBA or advanced degree is a plus.

What are we looking into an ideal candidate for the position?

• Decision-Making Under Pressure: Ability to make timely and sound decisions in high-stakes or time-sensitive scenarios.
• Communication and Interpersonal Skills: Clear communication with internal stakeholders, vendors, and cross-functional teams.
• Analytical Mindset: Proficiency in analyzing data to drive purchasing decisions and supplier performance improvements.
• Adaptability and Problem-Solving: Flexibility to manage changing market conditions, supply chain disruptions, and unexpected vendor issues
• Customer-Centric Approach: Focus on internal client satisfaction by ensuring timely and cost-effective procurement.
• Attention to Detail: Precision in reviewing contracts, specifications, and procurement documents