Established in 1919 and traded on the NYSE, Standard Motor Products, Inc. (SMP) is a leading independent manufacturer and distributor of premium automotive replacement parts utilized in the maintenance, repair, and service of vehicles in the automotive aftermarket. Additionally, SMP provides customized solutions for vehicle control and thermal management products in diversified end markets represented by its Engineered Solutions segment.
Globally, SMP employs over 6,000 employees across nearly 40 manufacturing, distribution, and engineering facilities and offices located in North America, Europe and Asia. SMP sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries.
Junior Pricing Analyst - SMP
Position Overview
The Pricing Analyst will support the development, implementation, and monitoring of pricing strategies for our automotive aftermarket parts portfolio. This role works closely with Sales, Finance, and Product Management to analyze data, track market and competitor trends, and provide insights that drive revenue growth and margin improvement.
Key Responsibilities
- Maintain and update pricing models, databases, and tools.
- Collect, organize, and analyze data related to costs, competition, tariffs, and market dynamics.
- Prepare customer price files, quotes, and adjustments with accuracy and compliance to company policies.
- Track and report pricing performance (revenue, margin, volume) to identify trends, risks, and opportunities.
- Conduct market and competitor analysis to inform pricing decisions.
- Collaborate with Product Management and Sales to evaluate price positioning and customer requests.
- Support price changes driven by cost fluctuations or strategic initiatives.
- Develop reports and presentations for senior management and key customers.
- Participate in continuous improvement initiatives to enhance pricing processes and tools.
Qualifications
- Bachelor’s degree in Business, Finance, Economics, Data Analytics, Supply Chain, or related field (or equivalent experience).
- Strong analytical and quantitative skills, with the ability to interpret and clearly communicate data.
- Knowledge of discounting strategies, margin management, and cost-plus/market-based pricing.
- Advanced proficiency in Microsoft Excel (formulas, pivot tables, macros); experience with Access preferred.
- Familiarity with data visualization and reporting tools (e.g., Power BI) is a plus.
- Understanding of statistics, forecasting, regression, and pricing elasticity.
- Experience analyzing large datasets and building pricing or profitability models.
- SQL knowledge is a plus.
- Strong attention to detail, organizational skills, and ability to manage multiple priorities in a fast-paced environment.
- Excellent communication and interpersonal skills with a proactive, results-oriented mindset.
- Interest in the automotive industry and willingness to learn aftermarket pricing strategies.
The estimated salary range for this position is $65,000-75,000.
Please note that the salary range provided on the job posting does not include potential bonuses and other forms of compensation and, in some cases, may fall outside the range. The actual salary offered will be based on a wide range of factors, including relevant skills, training, experience, education, and where applicable, licensure or certification obtained.
Standard Motor Products is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
