IDEX Manager of Pricing & 8020 Process in West Henrietta, New York
If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses (https://www.idexcorp.com/our-businesses/business-segments/) around the globe, chances are, we have something special for you.
JOB TITLE: Manager of Pricing & 8020 Process
REPORTING TO: Director of Finance
LOCATION: West Henrietta, NY
These positions may require lawful access to ITAR/EAR controlled information and employees in this role will need to meet those requirements. Requirements include US Citizenship or US Permanent Resident.
Who is IDEX Health & Science (IH&S)?
As a business unit of IDEX Corporation, IH&S has a long history of driving growth in life sciences and healthcare by embracing innovation and redefining the supplier-customer relationship. The work we do every day allows us to discover key insights and break new ground to create some of the most meaningful technologies that have a lasting impact on companies, industries, and society. One of business segments is called Life Science Optics and we are looking to add more talent to the team.
Life Science Optics (LSO):
Our newly opened Optics Center of Excellence (COE) in West Henrietta, NY , is a manufacturing and R&D focused team that sits at the leading edge of high-end optics for life sciences. Focused on assisting partners at every stage of the development processes, we invest in people and infrastructure to drive bold ideas and pragmatic solutions. With its optics-rich foundation of talent, universities, and supporting businesses, Rochester is the ideal location to elevate your career with fascinating work and endless opportunities.
Our formula for success is simple. We work hard to maintain a culture where you can own your work; you are encouraged to try new ideas in a collaborative environment; and you can apply your skillset to enable our clients to gain a competitive advantage in their own market. At IDEX Health & Science, you have the opportunity to work with a great group of people, mentor others, and build a great future.
SCOPE OF ROLE:
This is a highly dynamic role that will support the business to assist in developing and managing global pricing processes to ensure profitability goals are achieved. This is a role that requires interaction with various global teams to drive effective quotation review processes and standard product pricing strategies. This position is also responsible for guiding BU’s 80/20 principles, strategy, and complexity reduction to stimulate and drive profitable growth.
The role requires strong process orientation, ability to organize data and create effective reporting, and the ability to work independently and to manage multiple priorities on a regular basis.
Deployment and operation of Value-Based Pricing solutions across the Business, consistent with IDEX Pricing Initiatives.
Execute and standardize effective pricing quotation review processes are in place across a matrix business.
Analyze gross margin data and develop actions to improve profitability.
Work with Business Line Leaders and Commercial Team to develop a Global Pricing Strategy.
Works closely with the product management and supply chain teams on price adjustments for direct material inflation (DMI) increases or market price capture.
Reviewing by customer "cost to serve" trends and adjusting commercial relationships.
Development and standardization of effective pricing processes (pricing log, renewal notifications, non-standard pricing review).
Develop and maintain standardized reporting on quote trends (volume, won/lost, by region, by market, competitive pricing effectiveness, etc.).
Creates effective tracking tools around price capture activities, including review cycles that monitor the effectiveness of implemented pricing actions.
Participates in meetings with Business Line and Commercial Teams to ensure effective communication is achieved across organization on pricing strategies and processes.
Identify quick win opportunities to review, set and enforce fees/policies.
Support GM/Group President to drive 80/20 methodology and process to help BU focus and set priorities to improve efficiency, enhance profits, and stimulate growth. Ensures 80/20 strategy is consistent and sustainable within the company. Support GM/Group President to guide and lead business optimization and analysis efforts to facilitate strategic and resource allocation decisions required for accelerated profitable growth. It includes for example:
Annual Quad/Quartiles analysis
Zero up P&L
Complexity Reduction RIE’s
80s definition and plans to overserve them
Filters not to increase complexity
Segment definition & organizational changes
Operating Model Processes are by 8020 (Daily, AOP, MBR, GDP, OTC, Lean, etc.)
8020 Profitable growth
Understands strategic initiatives (commercial, engineering, operational, organizational) and helps to prioritize the related projects.
Conducts internal 8020 training.
Manages 8020 Goal Deployment or other action plans.
Monthly update working files in sharepointonline IDEX 8020.
Coordinates her/his activities with 8020 IDEX Leaders and/or with others 8020 BU Leaders.
Ability to travel 10%
EDUCATION AND EXPERIENCE:
Bachelor’s degree in a relevant field required. (Business, Finance, Selling, etc.) or equivalent work experience.
A minimum of 3 years’ experience in progressively more responsible roles in a matrix environment.
Prior experience demonstrating excellent analytical and communication skills, and the ability to translate complex situations into information that will support the profitability and growth of the business.
The ideal candidate will have prior experience in Marketing, Commercial Pricing and Product Management as well as Sales.
OTHER SKILLS AND ABILITIES:
A high energy, results-oriented manager who is not afraid to take charge and has a high bias for action.
A strategic thinker/problem solver who can effectively interface with all levels of employees.
An ability to analyze the details, but also to be able to step back and “look at the big picture.”
Ability to work collaboratively with virtual teams and processes.
Able to function in high energy, high paced environment.
Excellent at managing priorities, multi-tasking and deliver against deadlines.
Able to work in a cross function/matrix global environment.
Strong computer skills (Microsoft Office Excel proficiency is a must).
Creative thinker and demonstrated ability to develop and sustain basic process rhythms.
This position is a site-based role.
Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?
IDEX is an Equal Opportunity Employer and Affirmative Action Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws (Minorities/Females/Protected Veterans/Disabled).
Business Unit: IH&S (Life Science Optics)
Job Segment: HST Health & Science Technologies