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For Companies At a Glance
- Tasks: Support F1's experiential programmes and manage partnerships with a focus on events.
- 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 an exciting industry, working on innovative projects that engage fans worldwide.
- Qualifications: 2+ years in partnership management; strong organisational and project management skills required.
- Other info: Ideal for those passionate about sports and live events, with a knack for building relationships.
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
Experiential Licensing Executive employer: F1
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. Building relationships with professionals in these areas can give you insights and potentially lead to referrals.
✨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 help you speak confidently about them during interviews.
✨Tip Number 3
Showcase your project management skills by discussing specific examples of past projects where you successfully managed partnerships or events. Highlight your ability to meet deadlines and deliver results under pressure.
✨Tip Number 4
Prepare to discuss how you would approach building growth strategies for F1's experiential offerings. Think about innovative ideas that could enhance audience engagement and revenue generation, as this will demonstrate your strategic thinking.
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 partnership account management. Emphasise any roles where you've managed projects or worked with live events, as this will resonate with the requirements of the position.
Craft a Compelling Cover Letter: In your cover letter, express your passion for Formula 1 and how your background aligns with the role. Mention specific experiences that demonstrate your organisational skills and ability to manage partnerships effectively.
Showcase Your Project Management Skills: Provide examples in your application that illustrate your project management capabilities. Highlight instances where you successfully delivered against targets and managed multiple tasks simultaneously, as these are key aspects of the job.
Highlight Your Communication Skills: Since the role involves liaising with various stakeholders, emphasise your strong communication skills. Include examples of how you've effectively presented ideas or collaborated with teams in previous roles.
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 they relate to the role.
✨Demonstrate Organisational Skills
Since the role requires strong organisational skills, come prepared with examples of how you've successfully managed multiple tasks or projects simultaneously. This will show that you can handle the demands of the position.
✨Understand the F1 Landscape
While not essential, having a basic understanding of Formula 1 and its experiential offerings can 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 involves working closely with various internal teams. Be ready to discuss your experience in collaborating across departments and how you’ve effectively communicated with different stakeholders in past roles.
