If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion
Purpose & Scope
1.) Working with product management and marketing, develop and maintain a highly structured electronic pricing tool that considers the value of our Aerospace bearing products based on the following: ?The value created through manufacturing and the production and supply chain complexities inherent in the design.
Price differentiation opportunities based on product utility or performance characteristics along with the degree of uniqueness in specific product attributes
Price differentiation opportunities based on market segment and customer specific understanding of “Porter’s 5-Forces.
Understand the cost impact of volume and determine how/if to scale pricing accordingly.
Work with marketing to organize competitive price information and load data into our pricing system
2.) Develop a data base tool to analyze all present pricing against the criteria developed for #1 above Determine price variation across common product families.
Determine what should be the “norm” or mean price point for each part sold.
Analyze relationship between present pricing logic and profitability and recommend corrections
3.) Execute customer request for quotes using the tools described above. ?Responsible for creating price proposals (preparing price, reviewing cost, and understanding margin implications)
Work within our global price execution infrastructure and drive improvements in price development lead time
Support pricing analyst responsible for execution of DLA (Defense Logistics Agency) quotation opportunities
Driving master price data consistency
Develop electronic pricing tool
Develop core pricing logic based on key manufacturing and supply chain inputs, value creation via the utility of the design, and competitive environment.
Develop a data base of all present prices and how these prices fit against our core pricing logic
Execute on-going price requests ?Coordinate large bid packages
Pricing / cost triage – rapid turn around
Track win/loss quotation data and use for feedback to improve pricing process and electronic pricing tool
Maintain price master data
Follow global price determination business processes
Support current pricing tool (GPT)
Work with BPO to develop PROS software capabilities for Aero
Coordinate TINA order quoting process
Provide pricing input to other Pricing regions when expertise is required
Bachelor's degree in Industrial Engineering or Mechanical Engineering preferred with a minimum of 7 years work experience in pricing, industrial engineering or estimating in the Aerospace industry. Master's degree in Accounting, Finance or Data Analytics preferred with 5 years work experience.
Ability to read product drawings
Strong analytical skills
Strong technical acumen and ability to understand bearing design characteristics, manufacturing processes and supply chain capabilities and interpret impact on value or price, organize and manage complex sets of data
Significant experience and skills in use of databases and mathematical modeling
Proficient in Microsoft Office (Excel, Word, PowerPoint), SharePoint
Effective communication both verbal and written
Cost accounting/finance experience preferred
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, or disability status.
Employer will assist with relocation costs.
Additional Salary Information: Bonus, company benefits and PTO
Internal Number: 146305
About The Timken Company
Keeping the World in Motion
The Timken Company engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, lubrication systems and related products, and offers a spectrum of powertrain rebuild and repair services. As the leading authority on tapered roller bearings, we apply our deep knowledge of metallurgy, tribology and mechanical systems to improve the reliability and efficiency of equipment, machinery and vehicles worldwide. With more than 15,000 employees operating from 33 countries, our associates and our products keep industry in motion and make the world more productive.
Mission, Vision and Values
Timken is a world-leading manufacturer of bearings and mechanical power transmission products, continuously improving its portfolio and related services to make global industries stronger.
The company's growing product and services portfolio features many strong industrial brands including Timken®, Fafnir®, Philadelphia Gear®, Drives®, Lovejoy® and Groeneveld®.