Price Analyst

About Smiths Interconnect:

Smiths Interconnect, is a global leader in the design and manufacture of high-performance interconnect solutions. Our products are used in mission-critical applications across industries such as aerospace, defense, telecommunications, and industrial markets. At Smiths Interconnect, we are committed to innovation, quality, and providing cutting-edge solutions that connect the world’s most demanding systems.

Smiths Interconnect is part of Smiths Group. For over 170 years, Smiths has been pioneering progress by engineering for a better future. We serve millions of people every year, to help create a safer, more efficient and productive, and better-connected world across four global markets: energy, security & defense, space & aerospace and general industrial. Listed on the London Stock Exchange, Smiths employs c.16,000 colleagues in over 50 countries. 

Job Purpose:
• Supply support to the Product Line Manager, Sales & Marketing across financial reporting & pricing, contributing to revenue and margin growth Drive improvements in forecasting accuracy
• Collaborate with business partners & analyst peers to ensure consistency & best practice in partnering with stakeholders
• Review and supply advice on opportunities to ensure continuous enhancement of our business partnering, to drive growth
• Work with other areas in Interconnect including Engineering, Operations and Finance teams, to ensure we are aligned and working collaboratively
• Ensure strong governance & control around the pricing & business partnering processes & reporting Working with the business systems team to identify & evaluate system needs to enhance the pricing process and management reporting to both monitor & drive improvements in business & individual performance

Responsibilities:
Support the PLM, Finance BP, S&M to:
• Provide monthly orders, sales, and margin reporting – working with the business team to explain movements to prior year, budget, and latest forecast
• Work with commercial teams to understand drivers for performance and supply support to monthly reporting
• Manage and combine bookings & sales forecasts, as part of the S&OP process
• Work with Finance BP & commercial teams to understand risks & opportunities to forecasts (with relevant action plans)
• Have input into the quarterly calculation and analysis of sales incentive plans and support the target setting
• Report on the CRM pipeline & sales funnel
• Supply monthly team expenses reporting, explaining variances & holding teams to targets and supplying regular forecasts; contribute to cost control
• Run the S&M budget process
• Analyze sales and orders for the product line managers to assess financial performance and adjust strategy
• Maintain price lists in Salesforce. Analyze & recommend transactional price adjustments
• Track adherence to specific product pricing policies, framework, and procedures
• Development and ongoing maintenance for all customer specific contract pricing agreements.
• Analyze the point of sale (POS) data from the distributor network
• Supply feedback & User Acceptance Testing (UAT) support to systems developments
• Create and socialize educational material about price to value rationale for delivery to internal stakeholders
• Develop material to facilitate informed price decision making (e.g., material for product pricing meetings and Pricing Council)
• Monitor key working capital metrics and challenge business for improvements

Technical Knowledge, Skills and Abilities:
• Preferred Min 5 years’ experience in a similar role with a history of success
• Occasional business travel needed
• Knowledge of Salesforce, Cognos and Glovia ERP preferable but not essential
• Travel %: 5%
 
Security: Please State if US Citizen or permanent Resident Required US Citizenship preferred

Why Smiths Interconnect?

• Global Impact: As part of Smiths Group, a global engineering leader, you’ll be working on ground-breaking technologies that make a difference in industries that are shaping the future.
• Career Growth: Opportunities for professional development and career progression across Smiths Interconnect and the wider Smiths Group.
• Innovative Culture: Join a collaborative and innovative team, where your ideas and contributions are valued and rewarded.
• Competitive Package: We offer a competitive salary, benefits package, and performance-related incentives.
• Location: Dundee is an exciting city with a growing tech sector and vibrant cultural scene, making it a great place to live and work.

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of race, colour, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

At no time during the hiring process will Smiths Group, nor any of our recruitment partners ever request payment to enable participation – including, but not limited to, interviews or testing. Avoid fraudulent requests by applying jobs directly through our career’s website (Careers - Smiths Group plc)