What does a Pricing Specialist do?

A pricing specialist is responsible for determining the appropriate pricing and value of the company's goods and services by analyzing the market trends and performing data and statistical analysis. Pricing specialists manage the pricing policies of an organization adhering to the business requirements and state regulations. They adjust pricing strategies according to public and market demands and coordinate with the marketing and sales team to inform and disseminate pricing adjustments to the customers and clients.
Pricing specialist responsibilities
Here are examples of responsibilities from real pricing specialist resumes:
- Utilize VBA to automate tasks and increase productivity by significantly decreasing report completion time.
- Perform research of all bad debt accounts, outstanding checks, statements, bank information and all wire transfers including ACH.
- Process all derivative trades to valuation systems.
- Review and report stopped items base on OFAC regulations.
- Review all OFAC hits and process all false hits.
- Research and clear quality issues for FHA and conventional loans.
- Scan bar codes of all merchandise for POS and inventory purposes.
- Train new associates on all company standards, sales goals and POS.
- Balance HUD-1 before sending the wire or authorizing funding and resolve post-closing issues.
- Support the sales teams in delivering pricing for RFP responses and non-RFP sales opportunities.
- Utilize VBA programs to extract data from vendor database for the client's use.
- Create formal request for proposals (RFP) for cost reduction and improvement in serviceability.
- Facilitate and complete all RFQ's to maintain current customers as well as gain new business.
- Used the FHA connection to retrieve FHA numbers as well as disbursing funds to FHA for FHA insurance.
- Maintain and enter costing in AS400 to be calculate depending on where the product are picked up from vendors.
Pricing specialist skills and personality traits
We calculated that 11% of Pricing Specialists are proficient in PowerPoint, Work Ethic, and Pricing Strategy. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.
We break down the percentage of Pricing Specialists that have these skills listed on their resume here:
- PowerPoint, 11%
Analyzed business results data and communicated the results using Word documents and PowerPoint presentations for many programs within the organization.
- Work Ethic, 10%
Exhibit well-rounded and strong work ethic with ability to work quickly and productively with different personalities.
- Pricing Strategy, 8%
Participated in pilot programs that evaluated the effectiveness of the corporate pricing strategy.
- Data Entry, 7%
Followed established data entry procedures and policies to provide good system control and backup files to safeguard company information.
- Customer Service, 6%
Operated cash management system in a timely, friendly, professional manner placing high priority on delivering excellent customer service.
- Strong Analytical, 6%
Team player and individual contributor with strong analytical skills.
Common skills that a pricing specialist uses to do their job include "powerpoint," "work ethic," and "pricing strategy." You can find details on the most important pricing specialist responsibilities below.
Analytical skills. To carry out their duties, the most important skill for a pricing specialist to have is analytical skills. Their role and responsibilities require that "market research analysts must evaluate large amounts of data and information related to market conditions." Pricing specialists often use analytical skills in their day-to-day job, as shown by this real resume: "complete comprehensive product line analysis for viability. "
Communication skills. Another soft skill that's essential for fulfilling pricing specialist duties is communication skills. The role rewards competence in this skill because "market research analysts must be able to clearly convey information when gathering material, interpreting data, and presenting results to clients." According to a pricing specialist resume, here's how pricing specialists can utilize communication skills in their job responsibilities: "check and change prices, clearance markdowns, provided quality customer service, effective communication, and team skills"
Detail oriented. pricing specialists are also known for detail oriented, which are critical to their duties. You can see how this skill relates to pricing specialist responsibilities, because "market research analysts must pay attention to minutiae to evaluate data." A pricing specialist resume example shows how detail oriented is used in the workplace: "used historical data and engineering tasks and hardware descriptions to develop detailed estimates. "
The three companies that hire the most pricing specialists are:
- Deloitte86 pricing specialists jobs
- CCA Global Partners24 pricing specialists jobs
- Intel18 pricing specialists jobs
Choose from 10+ customizable pricing specialist resume templates
Build a professional pricing specialist resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your pricing specialist resume.Compare different pricing specialists
Pricing specialist vs. Operations internship
Operations interns learn the management techniques on how to lead and supervise others. Interns usually gain experience by being an unpaid employee in the operational department. They should possess skills like attention to detail, excellent verbal and written communication skills, and strong phone presence. The operations internship objectives include career path exploration, work experience, skills development and refinement, and confidence buildup. The majority of the activities interns are absorbed by the company where they serve an internship.
These skill sets are where the common ground ends though. The responsibilities of a pricing specialist are more likely to require skills like "powerpoint," "pricing strategy," "strong work ethic," and "excellent interpersonal." On the other hand, a job as an operations internship requires skills like "operations intern," "patients," "project management," and "administrative tasks." As you can see, what employees do in each career varies considerably.
Operations interns earn the highest salaries when working in the government industry, with an average yearly salary of $40,232. On the other hand, pricing specialists are paid more in the finance industry with an average salary of $73,421.The education levels that operations interns earn slightly differ from pricing specialists. In particular, operations interns are 1.5% more likely to graduate with a Master's Degree than a pricing specialist. Additionally, they're 0.3% more likely to earn a Doctoral Degree.Pricing specialist vs. Business developer
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that pricing specialist responsibilities requires skills like "powerpoint," "pricing strategy," "data entry," and "strong analytical." But a business developer might use other skills in their typical duties, such as, "healthcare," "crm," "excellent presentation," and "linkedin."
On average, business developers earn a higher salary than pricing specialists. Some industries support higher salaries in each profession. Interestingly enough, business developers earn the most pay in the manufacturing industry with an average salary of $118,082. Whereas pricing specialists have higher pay in the finance industry, with an average salary of $73,421.Average education levels between the two professions vary. Business developers tend to reach higher levels of education than pricing specialists. In fact, they're 5.9% more likely to graduate with a Master's Degree and 0.3% more likely to earn a Doctoral Degree.Pricing specialist vs. Operations coordinator
An operations coordinator's role is to oversee the progress of various departments in a company or organization, ensuring that all operations meet the set goals and adhere to the company's policies and regulations. An operations coordinator may also be responsible for supervising the procurement of supplies, contract negotiations, sales monitoring, and even maintenance operations within the company. Furthermore, they can also perform administrative duties such as communicating with clients through telephone and email, arranging schedules and appointments, producing reports and evaluations, training new employees, and serving as the bridge of information between different departments.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from pricing specialist resumes include skills like "pricing strategy," "strong analytical," "strong work ethic," and "market research," whereas an operations coordinator is more likely to list skills in "logistics," "excellent organizational," "patients," and "payroll. "
Operations coordinators earn the highest salary when working in the government industry, where they receive an average salary of $43,723. Comparatively, pricing specialists have the highest earning potential in the finance industry, with an average salary of $73,421.When it comes to education, operations coordinators tend to earn similar degree levels compared to pricing specialists. In fact, they're 0.9% more likely to earn a Master's Degree, and 0.2% more likely to graduate with a Doctoral Degree.Pricing specialist vs. Operations associate
An operations associate is responsible for performing administrative and clerical tasks to support the organization's daily operations. An operations associate must have excellent organizational skills to perform various duties for different business functions under the supervision of an operations manager. Operations associates respond to clients' inquiries and concerns, prepare meeting reports, schedule appointments, assisting on payroll release, update employees' information on the database, process contract agreements, and help the senior management to identify business opportunities that would generate revenues.
Types of pricing specialist
Updated January 8, 2025