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For Companies At a Glance
- Tasks: Support F1's experiential programmes and manage partnerships with exciting brands.
- Company: Join Formula One Management Ltd, a leader in the thrilling world of motorsport.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of a fast-paced team shaping unforgettable experiences in live events.
- Qualifications: 2+ years in partnership management; strong project management and relationship-building skills required.
- Other info: Ideal for those passionate about sports and eager to learn in a vibrant industry.
The predicted salary is between 36000 - 60000 £ per year.
Formula One Management Ltd is currently seeking an Executive of Experiential Licensing to support F1's current portfolio of experiential licensees. This will involve supporting the day-to-day management and development of F1's experiential programmes; F1 Drive, F1 Arcade, and the Formula 1 Exhibition. The candidate will preferably have licensing/commercial partnerships account experience with knowledge of the live event/experiences landscape. They may have established relationships in the sector and/or an understanding of how to manage partnerships and deliver projects. They will be organised with a high level of attention to detail. A natural self-starter with the organisational skills to deliver against contractual requirements is critical.
Main Duties and Responsibilities
- Account management support of F1 Drive, F1 Arcade and the Formula 1 Exhibition
- With support of manager, work closely with F1's internal teams on brand IP approvals, marketing and promotion strategy, content development and other related areas
- Liaise and coordinate in limited timeframes with internal and external stakeholders on marketing opportunities and materials
- Partner with wider F1 commercial teams to support experiential partners where required e.g. across sponsorship, media rights, retail and consumer products
- Manage general financial reporting for experiential projects within remit
- Regular and consistent reporting and tracking to internal stakeholders
- Ensure housekeeping is kept highly functional across all management, operational and development areas within the experiential business
- Communicate and help support the licensee business plans
- Under the direction of the Head of Experiential Licensing, build and develop growth strategies, including understanding the live entertainment landscape, vision and direction of wider F1 business
About You
- Bachelor's Degree or equivalent qualification
- 2+ years of partnership account management in licensing/sports rights holder and/or live event space
- Proven track record of delivering against licensing/partnership delivery targets
- Project management and demonstrated organisational experience
- Strong account management skills and understanding of licensing business models
- An excellent project manager and relationship builder that creates win-win partnerships
- Commercial mindset, strategic and detail-orientated in project execution
- Ability to express and present ideas or facts concisely and precisely through PPT and in writing
- At ease working cross functionally and with internal stakeholders
- Comfort with analytics, excel modelling, royalty tracking and forecasting
- Ability to prioritise and handle numerous tasks simultaneously
- An understanding of Formula 1 will be an advantage though not essential
- Team player with the ability to build strong relationships internally and externally
- Resourceful with a focus on detail
- Ability to handle high pressure situations with poise, confidence and humour
- Collaborative and personable
- Open to learning from others
Division: Commercial
Contact Detail:
F1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Experiential Licensing Executive
✨Tip Number 1
Network within the live events and licensing sectors. Attend industry events, webinars, or conferences related to experiential marketing and sports partnerships. This will help you build connections that could lead to opportunities at Formula One Management.
✨Tip Number 2
Familiarise yourself with Formula One's current experiential programmes like F1 Drive and F1 Arcade. Understanding their unique selling points and how they engage audiences will give you an edge in discussions during interviews.
✨Tip Number 3
Showcase your project management skills by preparing examples of past experiences where you've successfully managed partnerships or events. Be ready to discuss how you handled challenges and delivered results under pressure.
✨Tip Number 4
Brush up on your analytical skills, especially in Excel. Being comfortable with financial reporting and analytics will demonstrate your capability to manage budgets and track performance metrics effectively.
We think you need these skills to ace Experiential Licensing Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in licensing and account management. Emphasise any previous roles that involved live events or partnerships, showcasing your achievements and skills that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities and qualifications mentioned in the job description. Use examples from your past experiences to demonstrate how you meet the requirements, particularly in project management and relationship building.
Showcase Your Understanding of the Industry: In your application, mention any knowledge or experience you have related to the live event landscape or Formula 1. This could include insights into current trends or specific projects you've worked on that relate to experiential licensing.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your writing is clear and concise, reflecting your attention to detail, which is crucial for this role.
How to prepare for a job interview at F1
✨Showcase Your Experience
Make sure to highlight your previous experience in partnership account management, especially within the licensing or live event sectors. Be prepared to discuss specific projects you've managed and how you successfully delivered against targets.
✨Demonstrate Organisational Skills
Given the emphasis on organisation and attention to detail in the job description, come prepared with examples of how you've effectively managed multiple tasks or projects simultaneously. This will show that you can handle the demands of the role.
✨Understand the F1 Landscape
While not essential, having a basic understanding of Formula 1 and its experiential offerings will set you apart. Research F1 Drive, F1 Arcade, and the Formula 1 Exhibition to discuss how your skills can contribute to their success.
✨Prepare for Cross-Functional Collaboration
The role requires working closely with various internal teams. Think of examples where you've successfully collaborated across departments, and be ready to discuss how you can foster strong relationships with stakeholders at F1.
