Pricing Analyst I

Company Description
Jobs for Humanity is collaborating with FIS Global to build an inclusive and just employment ecosystem. We support individuals coming from all walks of life.
Company Name: FIS Global

Job Description

Position Type :

Full time

Type Of Hire :

Experienced (relevant combo of work and education)

Education Desired :

Chartered Accountant

Travel Percentage :

10 - 15%

Pricing Analyst I (Pricing, P&L) :: Mumbai / Pune :: 3+ Years

As the world works and lives faster, FIS is leading the way.  Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we’d like to ask you: Are you FIS?

About the role:

Work closely with sales representatives, product solutions consultants, legal, contract administration, business unit owners, billing and finance to generate and prepare pricing proposals for delivery to clients.

About the team: 

• We bring together market-leading growth solutions and premiere operational services which primarily serve the investment bank and broker-dealer community with front-to-back best-of-breed solutions.
• Our solutions include – Cleared Derivatives, Tax Information Reporting
• Data processing volumes require more than a billion transactions to be processed on any given product and that requires employing the latest technology stack and best of monitoring tools.
• About 2,500 FIS employees around the globe working with our solutions.
• Total $1.1 Billion Annual Revenue
• 68 of our clients are FIS Top 125 clients.

What you will be doing:

• As a pricing analyst you must have strong understanding of P&L statement and can prepare and review complex financial models
• Review the various cost models and work with other lines of business to ensure effective and accurate costing methods are applied
• Prepare robust pricing models for various services based on the agreed assumptions with the business/sales
• Prepare and present the financials to the pricing committee for the pricing approval
• Proforma preparation:
• Working with functional teams within FIS (Sales, Finance, Delivery, Product, CIO) to gather inputs for new sales opportunities
• Challenge / validate inputs
• Contribute to Deal Review presentations
• Coordinate Pricing Approvals
• Tracking / status communication to all shareholders
• Revenue Recognition review
• Collaborate with sales executives and relationship managers, product managers and senior management to provide pricing information in support of pricing strategies, policies and recommendations.
• Obtain feedback on pricing recommendation from FIS internal clients to create updates to proposals and/or process.
• Ensure corporate and divisional guidelines are in compliance with company standards.
• Prepare and provides pricing proposals for sales executives and relationship managers.
• Recommend pricing adjustments that will support business objectives and plans and will not hinder ability to capture future value.
• Routinely review pricing proposals for quality assurance based on department standards as related to discounts and credits.
• Create and recommend new product pricing enhancements affecting entire client base.
• Act as a liaison with sales and product consultants regarding pricing adjustments.
• Create and maintain price lists.
• Test functionality of pricing generator new releases.
• Assist sales with training development as it relates to sales proposal requests and/or process orientation.
• Other related duties assigned as needed

What you will need:

• Professional degree in accounting, finance or business administration or the equivalent combination of education, training, or work experience.
• 3-5 years of demonstrated experience
• Must have a sound understanding of financial KPI’s like Cash flow, NPV
• Should have a good understanding of contract reviews especially financials
• Need to have a sound understanding of the revenue recognition in general
• Strong Excel and power point skills
• Financial modelling
• Strong understanding of FIS business strategy and how products or initiatives contributes to FIS goals
• A sound knowledge of pricing strategy with an emphasis on value based concepts including economic value analysis, role of costs in pricing decisions, segmented pricing approaches, life cycle pricing concepts, best practice negotiation strategies, pricing psychology, price sensitivity factors and measurement techniques, financial analysis including breakeven sales calculations and margin analysis and the role of competition
• General business skills, industry knowledge, financial management and planning skills

Added bonus if you have:

• Presentation skills
• Strong communication and people’s skills
• Ability to analyze and solve problems using learned techniques and tools
• Strong analytical, statistical and problem solving skills
• Ability to understand and apply learned concepts
• Ability to utilize judgment in decision making process and decisions related to job tasks
• Strong organizational skills and ability to handle multiple tasks and meet deadlines
• Exceptional interpersonal skills: establishing personal and professional relationships among diverse internal and external publics
• Attention to detail, accuracy and confidentiality
• Flexibility, versatility, dependability
• Requires the ability to establish and maintain effective working relationships with all levels of management (internally/externally), employees, clients and public

What we offer you:

At FIS, you can learn, grow and make an impact in your career.

• Extensive Health Benefits Program along with the Family Protection Plan
• Best-in-class career mobility options across the globe
• Award-winning learning offerings for career development
• Adaptable home - office work model
• Opportunity to work with global teams and clients

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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