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Pricing & Item Master Specialist Job
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| Employer Name: |
SpiderID: 13923307 |
| Location: Carol Stream, Illinois |
Date Posted: 1/10/2025 |
| Wage: Negotiable |
Category: Manufacturing |
| Job Code: 2025-18094 |
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Job Description:
 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.
- 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.
- 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
Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
Overnight Travel:
Vacation Time:
Contact Information:
| Contact Name: Snap On |
Company Type: |
| Company: Snap On |
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