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60110, IL
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Sales
$65,000 – $85,000 / year
Pricing Strategy Analyst – Controls
Why should you join OTTO Engineering?
At OTTO, we don’t just manufacture products - we engineer mission-critical solutions with precision and pride. Our Controls Division designs and manufactures high quality, comprehensive solutions that reliably perform for some of the most demanding markets in the world, serving the medical, off-highway, and military / aerospace customers with switches, grips, and joysticks.
As a core value, we focus on delivering for our customers through innovative technology, superior quality, value, and responsiveness … as a result, our growth continues!
Employees are our greatest asset, which is why we share our company’s profits to celebrate our collective success.
As a privately-owned company, we are proud to invest significantly in our community and in our own growth, focusing on long-term business success.
We are proudly American!
Specifically, we are seeking experience with …
Microsoft Excel
Pricing and margin performance
Large data set analysis
Our Pricing Strategy Analyst analyzes pricing and margin performance across the Controls Division's portfolio of approximately 14,000-part numbers and develops data-driven pricing recommendations to support divisional profitability goals. This role recommends pricing for new custom products developed by engineering, establishes baseline list pricing for catalog and distribution parts, and develops the overall pricing strategy and margin targets with review and approval by divisional leadership.
The Pricing Strategy Analyst will
- Report on gross margin performance against divisional targets across the full part number portfolio
- Establish pricing for new custom parts in partnership with engineering during product development
- Establish and maintain baseline list prices for catalog and distribution parts
- Develop and recommend pricing strategies, competitive price positioning, and part-level pricing actions, including margin improvement initiatives, for approval by divisional leadership
- Analyze market conditions, competitor pricing, customer buying patterns, and price sensitivity to identify pricing opportunities and risks
- Conduct detailed part-level pricing, profitability, and cost analyses to support pricing decisions and improve margin performance
- Manage pricing throughout the product lifecycle, from new product introduction through mature catalog offerings
- Analyze product usage and sales trends to inform pricing decisions
- Prepare, maintain, and publish price sheets
- Manage customer-specific pricing agreements and contracts
- Monitor pricing performance and forecast the financial impact of proposed pricing actions
- Assist with other duties as required or assigned
About you - What you’ll bring to the table
Education: Bachelor's degree in Finance, Business, Economics, or a related field
Experience: 3-5 years of experience in pricing, margin, or financial analysis, ideally in a manufacturing or industrial distribution environment
Data Analysis and Modeling
Advanced Excel and data modeling: proficiency in building and maintaining complex pricing models, analyzing large datasets, and developing decision-support tools
Pricing and Market Analysis
Ability to evaluate price sensitivity, segment customers and products, analyze customer buying behavior, and assess competitive positioning and market trends
Financial and Profitability Analysis
Ability to analyze cost structures, product-level profitability, gross margins, and financial performance to identify opportunities to protect and improve margins
Forecasting and Quantitative Analysis
Ability to apply quantitative analysis and predictive modeling to evaluate pricing scenarios and forecast the financial impact of proposed pricing actions
Strategic Thinking and Decision Support
Ability to translate quantitative findings and qualitative insights into actionable pricing recommendations aligned with business objectives
Cross-functional collaboration: ability to communicate analytical findings and collaborate effectively with Engineering, Sales, Finance, and Divisional Leadership
What OTTO offers for this specific position
The hiring range listed in this posting is what we, in good faith, anticipate relying on when confirming a base salary for this position; exceptions may be considered for highly experienced candidates with multiple years of at-level experience.
Target base salary hiring range: $65,000 to $85,000, based on qualifications and experience.
Profit Sharing Bonus - OTTO believes that it’s fair to share the profits that the employees help to make; profit sharing is distributed to employees twice a year. OTTO’s profit sharing plan is paid at the discretion of the company and is not a guaranteed bonus or any part of a compensation plan.
Vacation: 80 hours - vacation time is earned on the anniversary date.
OTTO’s Benefits
Health
Medical Insurance-
HMO Plan
Standard PPO Plan
Enhanced PPO Plan
High Deducible PPO Plan
FSA, LFSA, and HSA
Dental Insurance-
Base Plan
Buy-Up Plan
Vision Insurance
401(k) with a company match
Life insurance
Life/AD&D
Voluntary Life/AD&D
Short-Term Disability
Long-Term Disability
10 paid holidays
Company picnic
- Holiday party
- AND numerous OTTO celebrations throughout the year!
- To review all of OTTO’s available opportunities, please visit our career page by clicking on the link below:
- https://otto-engineering-inc.breezy.hr/
- OTTO Engineering is an Equal Opportunity Employer: Disability/Veteran
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If you need an alternative method for applying, please contact OTTO Engineering via telephone at 847-428-7171
or email at HRDepartment @ ottoexcellence.com
These contact tools may be used only by individuals with a disability for accommodation requests; please do not inquire as to the status of an application.
OTTO Engineering does not accept unsolicited resumes from third party recruiters, agencies, or similar organizations; any submissions will not be honored.
Job description provided by OTTO Engineering.
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