Pricing analyst questions

leedsfan_3

Can you help me with the following? all help greatly appreciated

I have googled but still don't know, what is upstream and downstream?

• To prepare, validate and correct tender data received from Sales teams and use this to generate accurate and cost-reflective prices in a timely manner.
• Not sure what the above means
  

The Pricing Analyst role is based within the I&C Pricing Team the I& C?

ManAtHome

From a quick Google, I&C may be Information & Communication or Industrial & Commercial? http://acronyms.thefreedictionary.com/I&C

My guess is that you'll be there to (try) stop the sales teams flogging stuff at a loss, so all about establishing the actual cost of whatever goods or service they're flogging and applying a reasonable profit margin.

You may get better information (although possibly not from me...) if you're in a position to give us the type of business - understandable if you'd prefer not to at this stage.

leedsfan_3

Ah thanks, well it's for an upcoming job interview for Centrica so in the energy sector. Those points I mentioned are in the job description basically, so I was just trying to absorb the requirements a little better.

jessicamb

I&C I think will be industrial and commercial (rather than domestic). I agree with the above poster, you will be taking the information given and making sure that it does not make a loss or is in line with other similar customer prices. I've done a similar job in manufacturing and I think the skills they will be looking for:
- good commercial awareness (depending on level of role)
- can follow procedures and maintain documentation/records
- good ability to communicate information
- strong attention to detail
- Brucie bonus points, happy to challenge the sales team if you think they are pulling a fast one (presuming you are being interviewed by accountants )

leedsfan_3

Thanks jessica, I have been furiously researching as much as I can. I am going to be interviewed by the pricing tendering manager and his cohort

follows2006

Hi There as i used to work for the company i thought id help.

I&C is Industrial and commercial, these are users which have an AQ(annual quantity) greater than 746,000 kwh.

Upstreaming and downstreaming:

Upstreaming is pulling the gas out of their own reserves and selling this on to the market.

Downstreaming is the activity of holding gas in reserves and then usin for their own usage or then onto the spot market.

Also make sure you are hot on excel as everthing is spreadsheet based and i know in a friends interview they had to do an excel assesment.