Job Description
Job Description
Job Description
Date
8/2024
Location
1300 Airport Road, North Brunswick NJ
Title
Junior Pricing Analyst
Department
Executive Management
Reports to
Senior Pricing Analyst
FLSA (Exempt or Non-Exempt
Exempt
Role Overview
A Junior Pricing Analyst at US Pharma Lab LLC plays a crucial role in supporting the Senior Pricing Analyst in optimizing cost-based exercises and strategies.
The primary job responsibilities include developing, analyzing, and presenting costing models reporting pricing discrepancies, reviewing margin changes for existing businesses, and maintaining costing databases. This highly cross-functional role involves collaborating with various teams—such as sales, purchasing, R&D, supply chain, and customer service—to ensure that product pricing is accurate and aligns with profitability goals and market demands.
This role offers an exciting opportunity for a detail-oriented and motivated individual to contribute to the pricing analysis & strategies of a leading global nutraceutical manufacturer.
Areas of Responsibility
Management
- Costing Models: Create and analyze costing models to inform pricing decisions.
- Pricing Discrepancies: Identify and resolve any discrepancies in pricing.
- Margin Review: Monitor, analyze, and report on internal price/margin changes.
- Database Maintenance: Maintain and update pricing databases.
- Cross-functional Collaboration: Work with sales, purchasing, R&D, supply chain, finance, and customer service teams to optimize pricing and profitability.
- Ensure Schedule Adherence: Distribute workload based on changing priorities to meet schedules. Updates the cross-functional project teams on key goals and timeline dates. Follow up with internal teams for their deliverables for a given project. Attend meetings to take and send notes when required. meet customer and internal deadlines.
- Regulatory Compliance: Ensure full compliance with company policies, procedures, GMPs, Ethical Business Practices, and SOPs at all times.
- Problem Solving: Evaluate and resolve issues by reviewing areas of concern and potential solutions and preparing recommendations for management. Be proactive and anticipate the next task.
- Foster Teamwork: Maintain a work environment that supports teamwork and continuous process improvement.
- Interdepartmental Interaction: Work with sales, purchasing, R&D, supply chain, and customer service teams to optimize pricing and profitability.
People
- Foster Collaboration: Create an environment that respects and values diverse backgrounds.
- Effective Communication: Establish and maintain effective relationships with peers, team members, and senior managers to ensure clear communication.
- Goal Setting: Align goals and objectives with the organization for self and direct reports, create action plans, set milestones, and deliver progress reports and development plans. for team members.
- Communication: Maintain open lines of communication with employees, peers, and management.
- Production Efficiency: Ensure efficient, timely, and accurate completion of production functions.
- Cross-functional Support: Learn and understand specific manufacturing operations to provide support in other areas as needed.
Other Responsibilities Including Safety
- Safety and Responsibility: Work safely and responsibly to create an injury-free and incident-free workplace.
- Training Compliance: Comply with all job-related safety and other training requirements.
- Communication with Management: Keep management informed of area activities and significant problems. Following chain of command.
- Extended Hours: Work extended hours and occasional weekend overtime as required.
- Other Duties: Perform other duties as assigned.
- Requirements
Education & Qualification:
- Degree Requirement: Associate or bachelor’s degree in finance, statistics, business administration, or a relevant field.
- Industry Experience: Previous experience or familiarity with the pharmaceutical/nutraceutical industry is advantageous.
Certifications, Licenses, Credentials:
- N/A
Required Skills & Ability
- Attention to Detail: Strong ability to interpret and analyze complex data with high precision.
- Multitasking: Ability to handle multiple projects in a fast-paced environment while meeting deadlines.
- Communication: Excellent written and oral communication skills, with the capability to work independently or as part of a team.
- Critical Thinking: Basic understanding of finance principles related to pricing, margin, revenue, etc.
- Technical Skills: Advanced proficiency in Excel; experience with MRP systems is preferred.
- Education: Associate or bachelor’s degree in finance, statistics, business administration, or a relevant field.
- Industry Knowledge: Previous experience or familiarity with the pharmaceutical/nutraceutical industry is advantageous.
Physical Requirements
- Mobility: Must stand and walk on the production floor for a minimum of 6 hours per shift.
- Manual Dexterity: Uses hands to finger, handle, feel, or operate objects or controls, lifting to waist height and/or above shoulder height, frequent bending from the waist, squatting, and walking short distances.
- Personal Protective Equipment (PPE): Occasionally be able to wear all PPE including a lab coat, face mask, booties, gloves, safety glasses/goggles, and respirators.
Work Environment
- Work Setting: Primarily located in an office environment where temperatures are controlled for heat and air conditioning. Occasionally walks through warehouse or manufacturing workplace and will be required to wear appropriate PPE for each work area.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all the job responsibilities, duties, skill, or working conditions. In addition, this document does not create an employment contract, implied or otherwise, other than an "at will" relationship.
USPL is proud to be an Equal Opportunity Employer.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, national origin, age, genetic information, disability, protected veteran status, or any other characteristic protected by applicable local, state, or federal law.
Benefits And Compensation: Our benefits are designed to help you move forward in your career, and in areas of your life outside of USPL. From health and wellness benefit options including: medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance. We also offer a matched 401(k) savings plan. Employees have the opportunity to receive compensation in the form of premium pay such as overtime, shift differential, holiday pay, sick time, etc. Newly hired employees receive up to 10 days of vacation the first year, which grows to 12 days starting the second year of employment.