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- Tasks: Drive growth initiatives and develop commercial strategies for Formula 1's partnerships.
- Company: Join the iconic world of Formula 1, where innovation meets entertainment.
- Benefits: Enjoy a dynamic work environment in London with opportunities for professional growth.
- Why this job: Be part of a thrilling industry that combines sports, media, and cutting-edge technology.
- Qualifications: 5+ years in commercial strategy; degree in Business or Economics required.
- Other info: Ideal for those passionate about sports and eager to make an impact.
The predicted salary is between 48000 - 72000 £ per year.
Formula 1 covers a huge range of disciplines across a wide array of industry sectors, drawing the very best from our teams of technicians, engineers and media rights specialists and encouraging the creativity of experts in the fields of digital and traditional media, marketing and communications. We are recruiting for a Commercial Operations Manager for our Sponsorship & Commercial Partnerships team who would be based at our St James Market Office in London. You will be responsible for developing, implementing, and optimizing growth initiatives that align with Formula 1’s commercial objectives. Do you have what it takes to be part of the world’s greatest sport and entertainment spectacle? Main Duties and Responsibilities: * Develop commercial strategies and execution plans to drive growth across commercial partnerships, licensing, experiential, hospitality, and marketing. * Identify and evaluate new business opportunities, market trends, and competitive dynamics to inform strategic decision-making and maximize commercial potential. * Collaborate with internal teams to create integrated commercial propositions that enhance fan engagement and partner value. * Develop compelling, creative, and bespoke commercial propositions for partners with consideration on cross-departmental impacts. * Conduct financial modelling, revenue forecasting, and performance analysis to support commercial planning and optimize monetization strategies. * Develop and present business cases, strategic recommendations, and performance reports to senior management and other key stakeholders. * Identify and manage operational efficiency projects to enhance cross-departmental collaboration and data sharing. * Monitor the effectiveness of commercial initiatives, identifying opportunities for improvement and adapting strategies to changing market conditions and consumer behaviour. * Manage reporting processes for senior stakeholder updates. * Stay abreast of industry trends, emerging technologies, and best practices to ensure Formula 1 remains at the forefront of innovation and commercial success. Specification Essentials: * Minimum 5 years’ experience in commercial strategy, business development or related roles, within sports, entertainment, media or tech industries * Degree in Business or Economics * Experience developing and executing successful commercial strategies * Expert proficiency in Excel and Powerpoint * Experience building complex financial models Division: Commercial
Commercial Operations Manager employer: F1
Contact Detail:
F1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Operations Manager
✨Tip Number 1
Network with professionals in the sports and entertainment industries, especially those who have experience in commercial operations. Attend industry events, webinars, or conferences to make connections that could lead to referrals or insider information about the role.
✨Tip Number 2
Familiarise yourself with the latest trends in commercial partnerships and sponsorships within the sports sector. Being knowledgeable about current market dynamics will help you stand out during interviews and discussions with our team.
✨Tip Number 3
Prepare to discuss specific examples of successful commercial strategies you've developed or executed in your previous roles. Highlighting measurable outcomes will demonstrate your capability and fit for the position.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to inform strategic decisions in past roles. This is crucial for the Commercial Operations Manager position, as it involves financial modelling and performance analysis.
We think you need these skills to ace Commercial Operations Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial strategy and business development, particularly within the sports or entertainment sectors. Use specific examples that demonstrate your success in developing and executing commercial strategies.
Craft a Compelling Cover Letter: Your cover letter should reflect your passion for Formula 1 and the role of Commercial Operations Manager. Discuss how your skills align with the job requirements and provide examples of how you've driven growth in previous roles.
Showcase Analytical Skills: Since the role involves financial modelling and performance analysis, include specific instances where you've successfully used Excel to create complex financial models or conducted revenue forecasting. This will demonstrate your analytical capabilities.
Research Industry Trends: Familiarise yourself with current trends in the sports and entertainment industries. Mention any relevant insights in your application to show that you are proactive and knowledgeable about the market dynamics that affect Formula 1.
How to prepare for a job interview at F1
✨Showcase Your Commercial Acumen
Be prepared to discuss your previous experience in developing and executing commercial strategies. Highlight specific examples where you successfully identified growth opportunities and how you implemented them.
✨Demonstrate Analytical Skills
Since the role involves financial modelling and performance analysis, be ready to explain your approach to data analysis. Bring examples of complex financial models you've built and how they informed strategic decisions.
✨Understand the Industry Landscape
Familiarise yourself with current trends in sports, entertainment, and media. Be prepared to discuss how these trends could impact Formula 1 and suggest innovative ideas that align with their commercial objectives.
✨Prepare for Collaborative Scenarios
The role requires collaboration across various teams. Think of examples where you successfully worked with different departments to create integrated propositions. Be ready to discuss how you manage cross-departmental projects and enhance collaboration.
