Pricing Support Specialist

Company Overview: Innovative Labs (IL) is a leading developer, formulator, and provider of single serve and multi-dose ingestible health and wellness products for leading brands and direct sales companies.
Founded in 2006 by Travis Parry, IL provides highly differentiated formulating, blending, filling, distribution, and other critical services for small-format nutritional supplements, food items, household products and other consumer packaged goods.
The company is SQF Food Safety Code Level III Certified and operates highly efficient, state-of-the-art manufacturing facilities with a workforce of over 400 people, headquartered in Springville, UT with facilities in St.
George, Vineyard, and Springville.
History: IL was founded in 2006 and is now the largest independent supplier of custom single serve flexible packaging west of the Mississippi.
With significant investments in packaging and pasteurization equipment, IL has the capacity to fill hundreds of thousands of pouches a day and the flexibility to meet the demands of large and small production runs.
IL provides its health, wellness, and nutritional customers with a differentiated advantage of world-class turnkey solutions and full-service, front-end product development.
Having achieved the highest and most prestigious regulatory certifications, IL also offers speed-to-market service unmatched in the industry.
IL’s customers range from Fortune 100 food and beverage companies to high growth emerging brands, all of whom have access to the Company’s best-in-class service and capabilities.
Key Responsibilities: Conduct analysis of pricing trends, customer demand, and competitive landscape to identify opportunities for pricing optimization.
Develop and maintain pricing models to support strategic pricing decisions across product lines.
Monitor and evaluate the effectiveness of pricing strategies, including pricing promotions and discounts.
Collaborate with sales, marketing, and finance teams to develop pricing proposals and present pricing recommendations to senior management.
Provide ongoing analysis of pricing data to identify trends and opportunities for improvement.
Maintain pricing data integrity and accuracy within the company's pricing system Participate in cross-functional projects related to pricing optimization and process improvement.
Performs all pricing functions, quarterly price adjustments, and other commercial analytics Serves as a Subject Matter Expert in Pricing to include competitive market pricing levels Daily price maintenance/updates, including ensuring that product profit margins meet desired thresholds.
Low margin review and Special Price Agreement analysis.
Identifies and implements best practices, SOPs and process documentation.
Tracks and reports business case performance post-implementation of pricing changes Delivers presentations that describe model results and recommendations to senior executives and other key stakeholders.
Works on automating processes and reporting dashboards Develops pricing and financial content for executive level presentations and assists the manager in communicating and discussing information as needed.
Participates in quarterly forecasting, annual planning and long-term strategic planning that is part of the FP&A process.
Conducts ad-hoc reporting and other miscellaneous projects as assigned.
Performs other duties as needed Required Skills and Experience: 5 years of relevant work experience in finance and analysis or pricing.
Strong understanding of Pricing Strategy to include Price Elasticity, Value-based, and Penetration strategies.
Financial modeling, including price/margin analysis Strong knowledge of the Microsoft Office Products (mainly Excel, Outlook, etc) Good listening skills and desire to learn Ability to communicate with team members at all levels Experience with ERP systems, BI reports, Excel proficiency, CPQ systems or pricing software preferred Benefits: Competitive salary.
Comprehensive benefits package.
Opportunities for professional development and continued learning.
A dynamic and collaborative work environment.