Pricing & Item Master Specialist
Snapon

Overview

The Pricing & Item Master Specialist is responsible for managing and maintaining our company's pricing modules and item master database. This critical role ensures that accurate and up-to-date information about our products and services is available to support various business functions, including inventory management, procurement and sales. The Specialist will work closely with cross-functional teams to ensure data accuracy, consistency, and compliance with company standards.

Responsibilities

• Coordinate pricing initiatives, including communication, updating pricing statements of understanding and other project documentation.
• Work with cross-functional teams, (Product Management, Sales, etc.) to develop, establish and execute all pricing processes and strategies.
• Create and manage on-line reporting tools to communicate the results of pricing analyses to all project stakeholders.
• Coordinate annual price changes, validating all updates to ensure accuracy and integrity of the process and results.
• Review financial reporting as necessary to ensure that price updates are implemented timely and effectively and that forcasted financial targets related to pricing are achieved.
• Monitor compliance to established pricing strategies and guidelines in order to minimize financial risk to the business.
• Own the accuracy and completeness of process documentation for assigned pricing processes.
• Recommend and implement process improvements to ensure accurate and consistent price reporting.
• Develop demand estimation models and conduct price elasticity analyses for key items, product families and groups to determine price sensitivity and assist product managers in making appropriate pricing decisions.
• Collect, analyze and interpret item data to provide actionable insights to various business functions.
• Enter item data with accuracy and completeness of item data, including product descriptions, item attributes, planning parameters, government regulations, pricing, and supplier information.
• Identify patterns, trends and anomalies while entering in item data to support further decision making.
• Collaborate with cross-functional teams to understand their data needs and provide data-driven solutions.
• Review and validate data for consistency and compliance with company standards and industry regulations.
• Identify and rectify data discrepancies/errors promptly using discretion and solid judgement on matters of significance.
• Monitor changes in product specifications, pricing, or suppliers and update records accordingly.
• Support new product introduction and promotions by entering relevant data and ensuring it aligns with company standards.
• Assist in the implementation of data analytics tools and technologies to enhance data capabilities.
• Coordinate annual price changes, validating all updates to ensure accuracy and integrity of the process and results.
• Maintain a high level of data security and confidentiality.
• Perform all other tasks as assigned by management.

Qualifications

• Bachelor's degree in data analytics, business, supply chain management or a related field (preferred).
• Minimum of 3 years' experience in business/pricing environment; knowledge of business principles and issues
• Proven experience in data management, item master, pricing or related roles.
• Strong knowledge of Microsoft Office with emphasis in Excel and Access.
• Strong attention to detail and data accuracy.
• Proficiency in data entry and data analysis with a proactive approach to data quality.
• Excellent communication and collaboration skills.
• Familiarity with ERP systems and data management tools (e.g., Infor LN, SAP, Oracle).
• Knowledge of SQL query desired.
• Ability to work well in a team environment as well as independently and manage multiple tasks simultaneously.
• Strong problem-solving skills.
• Previous work with Harmonized Tariff Schedules preferred.

Pay Range: $65,000 - $70,000 depending on experience

This is an on-site position in Carol Stream, Illinois.

We offer medical, dental, life insurance, vision, disability insurance and a 401k plan.

Snap-on is an Equal Opportunity Employer, Minority/Female/Disabled Veteran

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