Costing / Pricing Analyst

As a Pricing Analyst at ITT India, you play a critical role in managing global pricing activities for global/domestic accounts and providing insights to drive profitability and growth. You must possess a strong analytical mindset, excellent problem-solving skills, and the ability to collaborate with cross-functional teams effectively. **Key Responsibilities:** - Lead discussions with business leaders to generate insights on customer price sensitivities, market intelligence, and profitability impacts for profit optimization. - Review BID/Tender/RFQ/Customer specs/TQ received from Sales/Application and float RFQ to Advance Procurement Team/vendor for Buyout offers. - Review and finalize Techno commercial Vendor offers/TQ and coordinate closely with sales/Application team for any technical/commercial change or requirement. - Organize and participate in review meetings with customers/project consultants/vendors to freeze requirements/deviations. - Conduct Technical Bid Evaluation for various bought-out items and prepare detailed technocommercial offers. - Develop and maintain pricing models to optimize pricing strategies and drive profitability. **Qualifications Required:** - Pump/Motor/Seal Plan knowledge. - Knowledge of API 610/682, Motors, Lub systems, or seal systems. - Familiarity with the Chemical and Oil & Gas industry. - Understanding of Inco terms, Local Taxes, Duties, Application/Techno commercial Proposal preparation, and costing for large size projects. - Interpersonal and communication skills. - Proactive and results-oriented mindset with the ability to prioritize and manage multiple projects simultaneously. - BE/Btech (Mech) with a minimum of 5 years of experience in the relevant industry. MBA or advanced degree is a plus. In addition to the technical qualifications, as an ideal candidate for this position, you should have the following qualities: - 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.,