Pricing Analyst

Caterpillar · Industrial · Peoria, IL

This role is for a Pricing Analyst at Caterpillar, focusing on developing and executing value-based pricing strategies to drive profitable growth and optimize price realization. The analyst will leverage data, market intelligence, and customer insights to identify pricing opportunities and maximize value capture. Responsibilities include analyzing various data sets, developing strategic pricing recommendations, providing thought leadership, and executing price actions within a governance framework.

What you'd actually do

  1. Analyze, interpret and communicate a wide variety of data (economic and competitive environment, revenue and profitability, and historical forecasted sales, prices, discounts and price realization) to draw business insights and recommend actions to maximize sales and profitability
  2. Develop advanced strategic pricing recommendations for new and existing products and services to drive value-based pricing
  3. Provide thought leadership to key stakeholders in the development of pricing strategies for new and existing products and services
  4. Execute strategic and tactical price action within a robust pricing governance framework to implement future price changes

Skills

Required

  • Bachelor's Degree in business administration, finance, economics, statistics, accounting, marketing, or related fields and 2+ years of job-related experience
  • Customer Focus
  • Data Gathering & Analysis
  • Decision Making and Critical Thinking
  • Effective Communications
  • Negotiating
  • Relationship Management
  • Value Selling

Nice to have

  • Prior experience as a Pricing Analyst or equivalent level job in a management role Accounting, Analytics, Finance or related field
  • Knowledge of various Caterpillar products, product applications or merchandising programs, specifically aftermarket engines and engine components
  • Experience in leveraging visualization tools to effectively communicate (both written and verbal) to key stakeholders throughout the enterprise
  • Excel and PowerBi proficiency
  • Strong analytical ability with SQL
  • Working knowledge of PPIDS
  • Demonstrated initiative and results oriented
  • Ability to remain agile and flexible with a positive attitude