Why Renovo?
Renovo Solutions is a nationwide healthcare technology management company. Our mission is to enable our employees to create customer-centric solutions that empower our healthcare and life science partners to deliver better outcomes and quality of life for the communities they serve. With a presence in 40+ states, we provide comprehensive solutions for managing & maintaining healthcare technologies. Our company’s values of being People First, Customer Centric, Quality Focused, Innovative and Transparent demonstrate our beliefs in a strong culture and a commitment to excellence. We prioritize investing in our employees’ development through ongoing training programs and a supportive work environment. Join our team to make a difference in healthcare while advancing your career with Renovo.
Summary:
This Pricing Specialist role is highly analytical and will work with complex data from multiple sources to determine and set competitive prices. Key focus areas include: price complex RFP inventories, increase market share, and perform analysis to support business revenue goals. Additionally, this role will deliver data clean-up and analysis to drive strategic business insights.
Responsibilities:
- Leverage PowerBI to develop data visualizations and dashboards
- Write power query scripts for data processing needs
- Develop pricing models that incorporate margins based on competitor, market, and customer data
- Utilize statistical analysis to track pricing trends in the marketplace using data from industry databases, catalogues, competitive quotes, and Renovo’s cost to self-support
- Perform research on customers’ attitude towards changes in price to determine the limit of price change that is tolerable or can result in a shift to competitors’ product
- Track contracted price increases, usually tied to the US Consumer Price Index (CPI)
- Own pricing data governance and direct the creation and maintenance of customer/market price lists, as well as provide analytics and reporting tools to support internal functional areas
- Ensure that prices and specific programs conform to the organization’s pricing strategy
- Review and administer price deviations and exceptions
- Guarantee the accuracy of pricing data, targeting to eliminate pricing errors
- Prepare/price RFP submissions and engage additional resources as needed
- Respond to pricing queries from other employees as needed
- Work with relevant stakeholders to resolve cost management errors
- Analyze/report on margin and market pricing to identify opportunities
- Ad-hoc pricing analysis as required by superiors
- Report on KPIs and SLAs for Business Reviews
Skills, Knowledge, and Abilities/Competencies
- Strong quantitative and analytical skills: Must have an analytical mind, great attention to details. Requires providing insight working with large data and numbers.
- Knowledge: Required to have strong business acumen and demonstrated experience working with and supporting operations and sales teams.
- Computer skills: Advanced computer skills with Microsoft Office applications, including advanced Excel, Word, and Power BI.
- Communication skills: Must have confident communication skills with supervisors, support teams, customers, and vendors.
- Research skills: Utilize data from multiple sources to contribute to pricing process improvement projects and aid pricing decisions. Undertake research to pull information from internal and external sources, and also perform ad hoc analysis using the appropriate statistical technique.
Education/Special Training
- Bachelor’s Degree in Business, Economics, or mathematics, or equivalent education
- A minimum of 2 years’ experience in sales, marketing, or finance
- Data-driven pricing experience leveraging PowerBI is highly preferred
Classification
Working Conditions
Reporting and Supervisory Responsibilities
- This role will report to the Director of Risk Rating
- No supervisory responsibilities
**Note: This position description does not list every activity, duty, and responsibility of the position and may be altered by RENOVO at any time.
EEO Statement
RENOVO Solutions provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, RENOVO Solutions complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.