Costing / Pricing Analyst - III

At ITT, we have a clear purpose as an organization – to provide our customers with cutting-edge solutions to help solve their most critical needs across key global end markets. Our continuous improvement mindset drives our commitment to evolving our capabilities as a multi-industrial technology, manufacturing and engineering leader. With a strong global footprint of more than 100 facilities, we are well positioned to solve critical challenges for our customers around the world. Our locations include manufacturing facilities and global service capabilities in 35 countries. Through these worldwide operations and building on our heritage of innovation, our approximately ~11,000 team members partner with our customers to deliver enduring solutions that make a lasting difference and help the world move forward. ITT is headquartered in Stamford, CT, with sales in approximately 125 countries. The company generated 2024 revenues of $3.6 billion. 

• Motion Technologies: (Revenue of $1.4B; headcount of ~ 4,000; operates in 13 countries) manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets. 
• Industrial Process: (Revenue of $1.4B; headcount of ~3,400; operates in 30 countries) manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. 
• Connect and Control Technologies: (Revenue of $0.8B; headcount of ~ 3,800; operates in 10 countries) manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.

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