Pricing AnalystAt ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions.Write the next chapter of your ABB story.
This position reports to

Director of Pricing Strategy and Analytics

Your role and responsibilities

The Pricing Analyst is responsible for developing and implementing pricing strategies that optimize profitability and enhance market competitiveness for ABB. This role involves conducting thorough market research and data analysis to forecast pricing trends and customer demand. The Pricing Analyst will analyze competitors' pricing models and market positioning to identify opportunities and threats, ensuring that the ABB’s pricing remains attractive while maximizing profit margins.The ideal candidate would be able to work a hybrid schedule out of the Memphis, TN office.This role is contributing to the Electrification Installation Products division.You will be mainly accountable for:•\tCollect and Analyze Pricing Data from Various Sources: Collect pricing data from internal databases, competitor websites, market research reports, and industry publications. Employ data analytics tools to analyze and interpret this pricing information, identifying trends and irregularities. Evaluate the reliability and relevance of data sources to ensure the accuracy of pricing insights.•\tMonitor and Update Commercial Pricing Structures: Consistently assess current pricing models to ensure they align with market conditions and business goals. Make adjustments to pricing structures based on data analysis, market trends, and input from sales teams. Ensure effective communication of pricing updates across all departments.•\tPredict and Track Market Trends: Leverage market research and data analysis to anticipate future pricing trends and customer demand. Keep abreast of economic indicators, regulatory updates, and technological developments that could influence pricing. Proactively modify pricing strategies in response to anticipated market changes to ensure competitiveness.•\tConduct Competitive Analysis: Examine competitors' pricing structures, product ranges, and market positioning to uncover their strengths and weaknesses. Compare pricing with competitors to maintain competitiveness while optimizing profit margins. Employ tools and methodologies to assess competitor strategies and market share•\tProvide Pricing Recommendations to Maximize Profit Margins: Create pricing strategies that enhance profit margins while still appealing to customers. Utilize financial modeling to evaluate the effects of various pricing scenarios on revenue and profitability. Provide data-driven recommendations to senior management for their review and implementation.•\tGenerate Pricing Reports and Present Findings to Management: Generate detailed pricing reports that encapsulate findings, trends, and recommendations. Employ visual tools, such as charts and graphs, to clearly convey complex data to stakeholders. Arrange regular presentations for management to review pricing performance and discuss strategic adjustments.•\tMaintain Up-to-Date Knowledge of Industry Trends and Competitor Pricing: Participate in ongoing learning through industry conferences, webinars, and professional networks. Review industry publications and reports to remain updated on emerging trends and best practices. Consistently refresh internal databases with the most recent competitor pricing and market insights.

Qualifications for the role

Bachelor’s degree and 5+ years of applicable experience. Candidates must already have a work authorization that would permit them to work for ABB in the US.

More about us

ABB Installation Products Division (formerly Thomas & Betts) helps manage the connection, protection and distribution of electrical power from source to socket. The Division’s products are engineered to provide ease of installation and perform in demanding and harsh conditions, helping to ensure safety and continuous operation for utilities, businesses and people around the world. The Commercial Essentials product segment includes electrical junction boxes, commercial fittings, strut and cable tray metal framing systems for commercial and residential construction. The Premier Industrial product segment includes multiple product lines, such as Ty-Rap® cable ties, T&B Liquidtight Systems® protection products, PVC coated and nylon conduit systems, power connection and grounding systems, and cable protection systems of conduits and fittings for harsh and industrial applications. The Division also manufactures solutions for medium-voltage applications used in the utility market under its marquee brands including Elastimold™ reclosers and switchgear, capacitor switches, current limiting fuses, Homac™ distribution connectors, Hi-Tech Valiant™ full-range current limiting fuse for fire mitigation, faulted current indicators and distribution connectors, cable accessories and apparatus with products for overhead and underground distribution. Manufacturing includes made-to-stock and custom-made solutions.We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStoryWe look forward to receiving your application. If you want to discover more about ABB, take another look at our website www.abb.com.Equal Employment Opportunity and Affirmative Action at ABBABB is an Equal Employment Opportunity and Affirmative Action employer for protected Veterans and Individuals with Disabilities at ABB.All qualified applicants will receive consideration for employment without regard to their- sex (gender identity, gender expression, sexual orientation), marital status, citizenship, age, race and ethnicity, inclusive of traits historically associated with race or ethnicity, including but not limited to hair texture and protective hairstyles, color, religious creed, national origin, pregnancy, physical or mental disability, genetic information, protected Veteran status, or any other characteristic protected by federal and state law.For more information regarding your (EEO) rights as an applicant, please visit the following websites: https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdfAs an Equal Employment Opportunity and Affirmative Action Employer for Protected Veterans and Individuals with Disabilities, applicants may request to review the plan of a particular ABB facility between the hours of 9:00 A.M. - 5:00 P.M. EST Monday through Friday by contacting an ABB HR Representative at 1-888-694-7762. Protected Veterans and Individuals with Disabilities may request a reasonable accommodation if you are unable or limited in your ability to use or access ABB's career site as a result of your disability. You may request reasonable accommodations by calling an ABB HR Representative at 1-888-694-7762 or by sending an email to US-AskHR@abb.com. Resumes and applications will not be accepted in this manner. #LI-HybridMyBenefitsABB.com