AddressWho Are We?
The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and an average employee tenure of 15 years, come find out what makes The Toro Company the best place in the Twin Cities to build a career.
Job Functions
As a Parts Pricing Analyst, you will be responsible for analyzing pricing strategies and data related to parts and components within our organization. This role requires a strong analytical mindset, attention to detail, and the ability to collaborate effectively with various teams to optimize pricing structures and maximize profitability.
Be a part of a current pricing software implementation project that will add value to Parts Operations in gross profit margin at The Toro Company with the Parts Pricing Team! Implementing a pricing software solution to enhance gross profit margins is an exciting and impactful project. The project will focus on competitive pricing model for top priority parts.
What Will You Do?
In order to grow and build a successful career with The Toro Company, you will be responsible for:
Price Analysis: Conduct thorough analysis of pricing data for parts and components, including historical pricing trends, market conditions, and competitive landscape. Performs segmentation mathematical analysis of parts catalog to identify high opportunity part numbers. Creates calculations, formulas for pricing rules and strategies.
Strategy Development: Collaborate with cross-functional teams to develop pricing strategies that align with company goals and objectives. Performs segmentation analysis of parts catalog to identify high opportunity part numbers. Support the annual price review (led by the manager). Pilot new price methods, mathematical models to increase parts profit.
Competitive Intelligence: Monitor competitor pricing strategies and market trends to identify opportunities for competitive pricing adjustments. Leads & supports competitive research & data gathering for high opportunity parts.
Cost Analysis: Analyze cost data associated with parts and components to ensure pricing decisions are financially sound and aligned with profit margins.
Performance Tracking: Track and evaluate the performance of pricing strategies, making recommendations for adjustments and improvements as needed.
Reporting: Prepare and present comprehensive reports and presentations on pricing analysis findings and recommendations to marketing managers and other key stakeholders. Create and present pricing proposals.
Systems Management: Utilize SAP pricing management systems and pricing software to maintain accurate pricing data and support pricing decisions.
Process Improvement: Identify opportunities to streamline and improve pricing processes to enhance efficiency and effectiveness.
Databases: Creation of databases, to include sequential data manipulation and define technical specification for SAP price enhancements, or SQL table enhancements
Note: The responsibilities and tasks outlined in this document are not exhaustive and may change as determined by the needs of the company.
What Do You Need?
To be considered for this role, an individual should meet the following minimal requirements:
Analyst II
Bachelor's degree in Business Administration, Finance, Economics, or Statistics.
2 years of experience in pricing analysis or related field, preferably in the manufacturing industry.
Advanced knowledge of SAP (Sales and Distribution).
Advanced knowledge of Excel formulas and Access Queries.
Excellent data skills, ability to do extracts, with assistance from IS as needed.
Experience working in a global pricing function with multi-divisional responsibilities
Advanced knowledge of mathematical financial/statistical models
Power BI developer and dashboard skills.
Analyst III
Bachelor's degree in Business Administration, Finance, Economics, or Statistics.
3+ years of experience in pricing analysis or related field, preferably in the manufacturing industry.
Proficiency in data analysis and statistical techniques, with experience using tools such as Excel, SQL, write sequential queries, or other data analysis software.
Expert knowledge in SAP Price Configuration.
Strong understanding of pricing principles, statistics and methodologies, with the ability to apply them in a business context.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
Detail-oriented with strong problem-solving skills and the ability to think critically.
Advanced knowledge of mathematical financial/statistical models.
Power BI developer and dashboard skills.
Trouble shooting, pro-active to challenges and create solutions.
Team player, curious, innovative, willingness to learn/quick learner.
Good attitude and willingness to help out.
Adaptable and flexible with day to day duties, projects and last minute requests.
What Can We Give You?
At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits - The Toro company offers employees at ourBloomington, MN HQlocation a variety of perks, including:
Dress for your day - We know you're more productive when you're comfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.
Location – Conveniently located near both St. Paul and Minneapolis, we are centrally located for most commuters!
Food - Take advantage of our onsite café, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.
Wellness - The Toro Company’s HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees.
Volunteerism - The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community.
Summer Hours – Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday.
Flexible Work Arrangements – This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time, has promoted team-building and flexibility.
Competitive Salary – The pay range takes into account skills, experience, education, and location. It is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. Cash compensation is one piece of our competitive total rewards package.If you need to, you can access your pay early withthe One@Workapp, formerly the Even app.
We are proud to be an Equal Opportunity Employer and consider qualified applicants without regard to race, color, religion, sex (including pregnancy and related needs and conditions, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, or other non-merit based factors. We celebrate diversity and are committed to creating an inclusive environment for all employees.
#LI-Hybrid
