Commercial Retention Manager

Commercial Retention Manager

Brierfield Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead strategies to retain customers and analyse data for trends.
  • Company: Wavenet offers a supportive environment with a focus on employee wellbeing.
  • Benefits: Enjoy hybrid working, generous leave, private medical coverage, and wellness programmes.
  • Why this job: Join a dynamic team to make a real impact on customer loyalty and satisfaction.
  • Qualifications: 7-10 years in customer retention with strong analytical and communication skills required.
  • Other info: Work permit needed if not a passport holder of the country.

The predicted salary is between 36000 - 60000 Β£ per year.

Job Description

Job Summary: The Commercial Retention Manager is responsible for developing and executing strategies to retain and grow the customer base. This role involves analysing customer data, identifying trends, and implementing initiatives to enhance customer loyalty and reduce churn. The ideal candidate will have a strong background in customer retention, excellent analytical skills, and the ability to lead cross-functional teams. Working as an overlay across the Enterprise Account Management team the ideal candidate will have the ability to influence and motivate the individual Account Managers and effect close cooperation with team managers.

Key Responsibilities:

  • Develop Retention Strategies: Create and implement comprehensive retention strategies to improve customer loyalty and reduce churn.
  • Data creation: Create and maintain a record of all contract end dates by service enabling a proactive view of when to renew/re-shape customer contracts.
  • Data Analysis: Analyse customer data to identify trends, pain points, and opportunities for improvement.
  • Customer Engagement: Design and execute targeted campaigns to engage and retain customers as well as specific customer engagement to impact retention.
  • Cross-Functional Collaboration: Work closely with marketing, sales, and product teams to ensure a seamless customer experience.
  • Performance Metrics: Establish and monitor key performance indicators (KPIs) to measure the effectiveness of retention initiatives.
  • Customer Feedback: Gather and analyse customer feedback to inform retention strategies and improve customer satisfaction.
  • Qualifications

    Qualifications:

  • Experience: Minimum of 7-10 years of experience in customer retention
  • Skills: Strong analytical skills, excellent communication and interpersonal skills, and proficiency in CRM and data analysis tools.
  • Attributes: Strategic thinker, results-oriented, and a team player with a customer-centric mindset.
  • Preferred Qualifications:

  • Experience in the IT and Telecommunications sector.
  • Knowledge of the latest retention strategies and technologies.
  • Proven track record of successfully reducing churn and increasing customer loyalty.
  • Additional Information

    Additional Information

    At Wavenet, we offer more than just a job – we provide an exceptional environment and a wide range of benefits to support your success from day one. With us, you’ll enjoy a generous starting annual leave allowance, private medical coverage, discounted health plans, an eye care scheme, and comprehensive health and wellbeing programs, all backed by a dedicated in-house Wellbeing Team.

    We believe in a strong work-life balance, rewarding your commitment with an additional day of annual leave each year, reaching up to 28 days. Here’s a closer look at what we offer:

  • Hybrid Working: Flexibility matters. Our hybrid model lets you choose a blend of home and office-based working, so work fits seamlessly with your life.
  • Annual Leave: Begin your journey with 25 days of leave, increasing by one day per year up to 28 days – our way of saying thank you for your dedication.
  • Health & Wellbeing: Your wellbeing is a priority. Enjoy private medical coverage, discounted health plans, virtual GP access, an eye care scheme, and a comprehensive employee assistance programme, all supported by our internal Wellbeing Team.
  • Commercial Retention Manager employer: Daisy Corporate Services Trading Limited

    At Wavenet, we pride ourselves on being an exceptional employer that prioritises employee wellbeing and professional growth. Located in Brierfield, our hybrid working model offers flexibility, allowing you to balance your work and personal life effectively. With generous annual leave, comprehensive health benefits, and a supportive work culture, we empower our team members to thrive and make a meaningful impact in customer retention.
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    Contact Detail:

    Daisy Corporate Services Trading Limited Recruiting Team

    StudySmarter Expert Advice 🀫

    We think this is how you could land Commercial Retention Manager

    ✨Tip Number 1

    Familiarise yourself with the latest trends in customer retention strategies, especially within the IT and Telecommunications sector. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.

    ✨Tip Number 2

    Network with professionals in the customer retention space, particularly those who have experience in cross-functional collaboration. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your application.

    ✨Tip Number 3

    Prepare to discuss specific examples of how you've successfully reduced churn and increased customer loyalty in previous roles. Having quantifiable results ready to share will showcase your effectiveness and strategic thinking.

    ✨Tip Number 4

    Research Wavenet's current customer engagement initiatives and think about how you could contribute to or improve these efforts. Tailoring your approach to align with their existing strategies will show that you're proactive and genuinely interested in the role.

    We think you need these skills to ace Commercial Retention Manager

    Customer Retention Strategies
    Data Analysis
    Analytical Skills
    CRM Proficiency
    Communication Skills
    Interpersonal Skills
    Cross-Functional Collaboration
    Performance Metrics Development
    Customer Engagement Campaigns
    Trend Identification
    Problem-Solving Skills
    Strategic Thinking
    Results-Oriented Mindset
    Team Leadership
    Customer Feedback Analysis

    Some tips for your application 🫑

    Tailor Your CV: Make sure your CV highlights relevant experience in customer retention and data analysis. Use specific examples that demonstrate your ability to develop strategies and lead teams.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience in reducing churn and enhancing customer loyalty, and explain how you can contribute to their success.

    Highlight Analytical Skills: Since the role requires strong analytical skills, provide examples of how you've used data to inform decisions in previous roles. Mention any specific tools or methodologies you are proficient in.

    Showcase Cross-Functional Collaboration: Emphasise your experience working with different teams, such as marketing and sales. Provide examples of successful projects where collaboration led to improved customer engagement and retention.

    How to prepare for a job interview at Daisy Corporate Services Trading Limited

    ✨Understand Customer Retention Strategies

    Familiarise yourself with the latest trends and strategies in customer retention. Be prepared to discuss how you have successfully implemented these strategies in your previous roles, particularly in the IT and Telecommunications sector.

    ✨Showcase Analytical Skills

    Since the role requires strong analytical skills, come ready to discuss specific examples of how you've used data analysis to identify trends and improve customer loyalty. Highlight any tools or methodologies you are proficient in.

    ✨Demonstrate Cross-Functional Collaboration

    Prepare to talk about your experience working with different teams, such as marketing, sales, and product development. Share examples of how you’ve influenced and motivated team members to achieve common goals.

    ✨Prepare for Performance Metrics Discussion

    Be ready to discuss key performance indicators (KPIs) you have established or monitored in past roles. Explain how these metrics helped measure the effectiveness of your retention initiatives and led to improved customer satisfaction.

    Commercial Retention Manager
    Daisy Corporate Services Trading Limited
    Location: Brierfield
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