What are the responsibilities and job description for the Corporate Pricing Analyst position at VW Credit?
United States-Virginia-Herndon
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Pricing Analyst*, salary grade 7, reports to Heather Bernstein and is located in Herndon, VA.
Role Summary:
The Pricing Analyst is an active participant in the revenue and profit generation activities of a multi-billion dollar portfolio. The role is responsible for providing financial/analytical support for all revenue and pricing related activities at VCI. Support the maintenance of retail loan, lease, and wholesale pricing models. Conduct analysis of sales incentive programs, marketing initiatives, and ancillary profitability. Perform scheduled updates of pricing model assumptions. Ensure applicable pricing data bases are accurate and updated on a timely basis.
Role Responsibilities:
Revenue Controlling Team Responsibilities:
- Controlling oversight for revenue-generating products (Retail Loan, Lease, Wholesale, Service Loaner, Company Car)
- Planning and Pricing New Business ROA
- Steering New Business ROA to achieve planned profit targets
- Development and maintenance of Retail Loan, Lease, and Wholesale Pricing Models
- In depth financial and strategic analysis and support related to Pricing and New Business planning activities
Pricing Analyst Responsibilities:
- Conduct ROA Planning and Pricing
- Perform financial analysis related revenue generating initiatives
- Work with and support the Sales Operations and Treasury teams to assist in the delivering of on-time data for the monthly pricing committee meetings with VCI internal personnel and sales brands
- Perform updates to Pricing Model data and assumptions.
- Ensure applicable Pricing databases are accurate and updated on a timely basis
- Offer recommendations to maximize Pricing Model profitability
- Review actual Pricing results and reconcile to plan and pricing committee forecast
- Prepare and assemble business presentations for senior management
- Develop business segment profitability and related analyses
- Provide Controlling support and oversight for Sales Operation team on pricing activities.
- Prepare for and participate in the monthly Pricing Committee meetings
- Analyze projected profitability of Market Program Requests (MPR) including interest margin, penetration and impact on budgeted profitability. Recommend or decline MPR submissions based on revenue/profit outcomes.
- Review actual MPR results and determine key learnings for future program improvements
- Provide support to Marketing Development team for Insurance product Pricing and forecasting.
- Coordinate financial data and timing requirements with multiple internal departments
- Communicate with departmental managers to ensure data requirements are being provided on a timely basis
- Troubleshoot problem areas and provide recommendations for resolutions
- Effectively manage multiple tasks under tight timelines
- Design and assemble spreadsheets, charts and graphs used to illustrate financial results for senior management
- Provide analytical support to explain company profitability including key performance indicators, ratio analysis, yield analysis, and profitability indicators
- Undertake special assignments based on analytical ability including the resolution of problems and assistance in the development of new processes and support systems
- Review Policies and Procedures and update as needed
Experience:
- 3-5 years of professional experience
- Financial services pricing knowledge (retail loan, leasing)
Education:
Required –
- Bachelor’s degree - Business Management major or strong course background in business and finance
General Skills:
- Communication skills – interpersonal, presentation and written
- Advanced Microsoft Office - Excel skills
- Ability to learn and adapt quickly
- Able to accept ownership of tasks and results
- Entrepreneur mindset
Specialized Skills:
Required* –*
- Expert level ability in excel financial modeling and data analytics
- Background in Accounting and/or Finance
- Detail Oriented with Strong Numbers Aptitude
- Plans and Organizes
- Prioritizes and Takes Initiative
- Analyzes Critical Data
Desired* –*
- Supports Continuous Improvements
- Communicates Effectively
- Demonstrates Commitment
- Displays Professional Integrity
Work Flexibility:
- Minimal work travel, less than 5%
We are proud to be an EEO employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
#LI-TB2
Job Type: Full-time