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Pricing Specialist

ABB

Pricing Specialist

ABB

Cary, North Carolina, United States of America

·

On-site

·

Full-time

·

6mo ago

Benefits & Perks

Healthcare

Dental

Vision

Life Insurance

Disability

401(k)

Parental Leave

Mental Health

Pet Insurance

Healthcare

401k

Parental Leave

Mental Health

Pet Insurance

Required Skills

Pricing analysis

Market research

Financial analysis

Data analysis

Pricing Specialist

About ABB

At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we'll give you what you need to make it happen. It won't always be easy, growing takes grit. But at ABB, you'll never run alone. Run what runs the world.

ABB's Service Division partners with our customers to improve the availability, reliability, predictability and sustainability of electrical products and installations. The Division's extensive service portfolio offers product care, modernization, and advisory services to improve performance, extend equipment lifetime and deliver new levels of operational and sustainable efficiency. We help customers keep resources in use for as long as possible, extracting the maximum value from them, and then recovering and regenerating products and materials at the end of their useful life.

About the Role

Reports to: Product Marketing Manager

In this role, you will have the opportunity to contribute to the development and implementation of pricing strategies for the relevant division/business unit/product group, to maximize profit and market share, while ensuring customer satisfaction with ABB. Each day, you will follow a robust pricing infrastructure and pricing policies to deliver measurable results. You will also showcase your expertise by providing support for developing effective and efficient standards and special pricing strategy in line with the global division strategy, value, competition, and cost/profit.

Work Model: Hybrid

Responsibilities

  • Ensure ELSE's pricing structure is competitive and aligned with market trends, customer demands, and value proposition
  • Ensure key accounts/industrial segment requirements are met to ensure consistency
  • Develop and implement a sustainable process to gather market pricing data
  • Conduct regular research on market trends, customer preferences, and competitor pricing strategies
  • Develop and implement pricing models (e.g., market-based pricing, value-based pricing) that align with both market and organizational goals
  • Work closely with the marketing & sales teams to ensure pricing strategies are well-communicated and understood and that promotional campaigns align with pricing objectives

Qualifications

  • Bachelor's Degree in Marketing, Finance, Business or similar field
  • 6+ years of pricing specialist experience
  • Strong ability to analyze market data, pricing trends, and customer behavior
  • Knowledge of pricing processes
  • Understanding of cost structures, profit margins, financial statements and performance targets
  • Clear and effective communication skills, both written and verbal, to convey pricing strategies to various stakeholders
  • Understanding of general sales practices, sales enablement, channel sales, contract & risk management

Why ABB?

We want you to bring your full self to work—your ideas, your energy, your ambition. You'll have the tools and freedom to grow your skills, shape your path, and take on challenges that matter. Here, your work creates impact you can see and feel, every day.

At ABB, we care about our people and their stories. We create safe, fair, equitable and inclusive working environments in which our people can succeed and develop, regardless of gender, ethnicity, sexual orientation or cultural, religious or social background. Diverse teams make us stronger. ABB is also committed to a high standard of integrity in everything we do.

We help our people succeed and develop, and we empower them to create their own careers at ABB. Our benefits, reward and development programs encompass a wide array of offerings.

Benefits

Health, Life & Disability

  • Choice between two medical plan options: A PPO plan called the Copay Plan OR a High Deductible Health Plan (with a Health Savings Account) called the High Deductible Plan
  • Choice between two dental plan options: Core and Core Plus
  • Vision benefit
  • Company paid life insurance (2X base pay)
  • Company paid AD&D (1X base pay)
  • Voluntary life and AD&D – 100% employee paid up to maximums
  • Short Term Disability – up to 26 weeks – Company paid
  • Long Term Disability – 60% of pay – Company paid. Ability to "buy-up" to 66 2/3% of pay
  • Supplemental benefits – 100% employee paid (Accident insurance, hospital indemnity, critical illness, pet insurance)
  • Parental Leave – up to 6 weeks
  • Employee Assistance Program
  • Health Advocate support resources for mental/behavioral health, general health navigation and virtual health, and infertility/adoption
  • Employee discount program

Retirement

  • 401k Savings Plan with Company Contributions
  • Employee Stock Acquisition Plan (ESAP)

Time Off

  • ABB provides 11 paid holidays
  • Vacation is provided based on years of service for hourly and non-exempt positions
  • Salaried exempt positions are provided vacation under a permissive time away policy

Equal Employment Opportunity

ABB is an Equal Employment Opportunity and Affirmative Action employer for protected Veterans and Individuals with Disabilities at ABB. All qualified applicants will receive consideration for employment without regard to their sex (gender identity, gender expression, sexual orientation), marital status, citizenship, age, race and ethnicity, inclusive of traits historically associated with race or ethnicity, including but not limited to hair texture and protective hairstyles, color, religious creed, national origin, pregnancy, physical or mental disability, genetic information, protected Veteran status, or any other characteristic protected by federal and state law.

For more information regarding your (EEO) rights as an applicant, please visit: https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf

  • As an Equal Employment Opportunity and Affirmative Action Employer for Protected Veterans and Individuals with Disabilities, applicants may request to review the plan of a particular ABB facility between the hours of 9:00 A.M.
  • 5:00 P.M. EST Monday through Friday by contacting an ABB HR Representative at 1-888-694-7762.

Protected Veterans and Individuals with Disabilities may request a reasonable accommodation if you are unable or limited in your ability to use or access ABB's career site as a result of your disability. You may request reasonable accommodations by calling an ABB HR Representative at 1-888-694-7762 or by sending an email to US-AskHR@abb.com. Resumes and applications will not be accepted in this manner.

For more information on benefits, eligible US employees excludes ABB E-mobility, Athens union, Puerto Rico can go to my BenefitsABB.com and click on "Candidate/Guest."

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About ABB

ABB

ABB

Public

ABB is a multinational technology corporation that provides electrification, robotics, automation, and motion solutions for industrial and infrastructure applications.

10,001+

Employees

Zurich

Headquarters

Reviews

3.5

3 reviews

Work Life Balance

3.0

Compensation

2.0

Culture

2.5

Career

3.5

Management

2.0

35%

Recommend to a Friend

Pros

Award ceremonies and achievement recognition

Professional experience opportunities

Relevant marketing and writing experience

Cons

Awards only recognize sales and leadership teams

Auxiliary departments excluded and understaffed

No cost of living raises provided

Salary Ranges

405 data points

Mid/L4

Senior/L5

Mid/L4 · Project Manager

102 reports

$117,433

total / year

Base

$109,179

Stock

-

Bonus

$8,254

$79,130

$175,443

Interview Experience

5 interviews

Difficulty

3.8

/ 5

Duration

14-28 weeks

Offer Rate

20%

Experience

Positive 0%

Neutral 60%

Negative 40%

Interview Process

1

Application Review

2

Phone Screen

3

Technical Interview

4

System Design/Panel Interview

5

Onsite/Final Round

6

Offer Decision

Common Questions

Technical Knowledge

System Design

Behavioral/STAR

Past Experience

Problem Solving