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For Companies At a Glance
- Tasks: Support pricing analysis and improve product data using modern analytics techniques.
- Company: First Rate is the UK's largest foreign currency supplier with over 20 years of trusted experience.
- Benefits: Enjoy a dynamic work environment with opportunities for learning and growth.
- Why this job: Join a supportive team and make an impact in the finance and travel sectors.
- Qualifications: Experience with SQL and Python, plus a knack for simplifying complex concepts.
- Other info: This is a 9-month contract role; no visa sponsorship available.
The predicted salary is between 36000 - 60000 £ per year.
About the job
Please note we cannot provide visa support or sponsorship for this role. Applicants must have the legal right to work in the UK without requiring sponsorship now or in the future.
First Rate is the UK’s largest supplier of foreign currency and a top 5 currency wholesaler globally. We are one of the foremost foreign exchange (FX) experts in the industry, with a multi-billion pound wholesale business and over 20 years’ trusted experience providing tailor-made travel money solutions for companies in the finance, travel and retail sectors.
We have a vacancy for a Product Analyst to join us on a nine month temporary contract.
The Role
You will Support the Senior Product and Pricing Manager to deliver strategic and operational pricing and MI analysis across all FRES products. Also Support the uplift in product data across internal/external departments through the use of modern analytics techniques.
- Assist with the commercial analysis of daily FX margin management and aligning to pricing strategy.
- Actively seeking out opportunities to improve MI and the availability of self-serve information utilisation.
- Assist the Product team in developing advanced modelling techniques to monitor and manage portfolio performance and understand cohort and churn analysis.
- Leverage advanced analytics to tell a compelling customer story, understandable across all levels of data numeracy.
- Collaborate across the wider product, marketing and risk teams as a cross functional team in an agile framework.
- Provide effective and efficient reporting of Retail activities and post Implementation reviews to agreed frequency and timescales.
- Transform and automate existing MI reporting, taking ownership of building self-serve dashboards and creating meaningful insight.
- Collate, analyse and report on daily point of sales MI, highlighting and communicating commercial opportunities.
- Own the development of effective competitor analysis across prepaid foreign exchange cards and foreign cash market.
- Support the Senior Product and Pricing Manager when working with POL and other third parties to support key product offerings, marketing campaigns and other commercial projects.
- Provide ad-hoc analysis in response to business requests from Senior stakeholders in the Trading Committee, compliance or sales.
- Support and provide direction to cross-functional, cross-company teams, focussing on the FRES travel sales team, customer services and IT.
The Candidate
The ideal candidate will have:
- Proven experience in creating meaningful data insights with SQL and or Python.
- Experience in finance, banking and or payments desirable.
- A track record of breaking down complicated concepts to stakeholders in plain English.
- Ability to think proactively about business challenges and provide solutions.
- Ability to quickly create relationships and establish trust with key stakeholders.
- Advanced knowledge of SQL and Excel. Experience with Python is desirable.
We offer a successful, dynamic and supportive environment where people with talent and dedication can learn, grow and thrive at every level.
Diversity Statement
First Rate is committed to eliminating discrimination and encouraging diversity in its workforce. We aim to create a culture that respects and values each other’s differences, that promotes dignity, equity and diversity and that encourages individuals to develop and maximise their true potential.
Product Analyst - 9 month Contract employer: First Rate Exchange Services
Contact Detail:
First Rate Exchange Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Analyst - 9 month Contract
✨Tip Number 1
Familiarise yourself with the foreign exchange market and the specific products offered by First Rate. Understanding their services will help you speak confidently about how your skills can contribute to their goals during any discussions.
✨Tip Number 2
Brush up on your SQL and Python skills, as these are crucial for the role. Consider working on small projects or case studies that demonstrate your ability to create meaningful data insights, which you can discuss in interviews.
✨Tip Number 3
Network with professionals in the finance and FX sectors. Engaging with industry experts can provide valuable insights and potentially lead to referrals, making your application stand out.
✨Tip Number 4
Prepare to discuss how you've previously broken down complex data concepts for stakeholders. Being able to articulate this clearly will showcase your communication skills and your ability to work collaboratively across teams.
We think you need these skills to ace Product Analyst - 9 month Contract
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience, especially in data analysis and the use of SQL or Python. Emphasise any previous roles where you've created meaningful insights or worked in finance, banking, or payments.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Product Analyst role specifically at First Rate. Mention how your skills align with their needs, particularly your ability to break down complex concepts for stakeholders.
Showcase Your Analytical Skills: Provide examples in your application that demonstrate your analytical skills. Discuss any projects where you transformed data into actionable insights or automated reporting processes, as these are key aspects of the role.
Highlight Collaboration Experience: Since the role involves working with cross-functional teams, mention any past experiences where you've successfully collaborated with different departments. This will show your ability to work in an agile framework and build relationships with stakeholders.
How to prepare for a job interview at First Rate Exchange Services
✨Showcase Your Analytical Skills
As a Product Analyst, you'll need to demonstrate your ability to create meaningful data insights. Be prepared to discuss your experience with SQL and Python, and provide examples of how you've used these tools to solve business challenges.
✨Communicate Clearly
The role requires breaking down complex concepts for stakeholders. Practice explaining your past projects in plain English, focusing on the impact of your work and how it benefited the business.
✨Build Rapport with Stakeholders
Establishing trust is crucial. Think about ways to quickly connect with your interviewers, perhaps by researching their backgrounds or the company's recent projects, and be ready to discuss how you can support their goals.
✨Prepare for Technical Questions
Expect questions that test your knowledge of SQL, Excel, and possibly Python. Brush up on key concepts and be ready to tackle practical problems or case studies that may come up during the interview.