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For Companies At a Glance
- Tasks: Lead growth initiatives and develop commercial strategies for Formula 1's partnerships.
- Company: Join the iconic world of Formula 1, where sport meets cutting-edge innovation.
- Benefits: Enjoy a dynamic work environment in London with opportunities for creativity and collaboration.
- Why this job: Be part of a thrilling industry that shapes global entertainment and fan engagement.
- Qualifications: 5+ years in commercial strategy; degree in Business or Economics required.
- Other info: Work at our St James Market Office and stay ahead of industry trends.
The predicted salary is between 43200 - 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
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Commercial Operations Manager employer: Formula 1
Contact Detail:
Formula 1 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 sectors, especially those who have experience in commercial operations. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in commercial strategy.
✨Tip Number 2
Familiarise yourself with Formula 1's current commercial partnerships and sponsorships. Understanding their existing strategies will help you tailor your approach and demonstrate how you can contribute to their growth initiatives.
✨Tip Number 3
Stay updated on market trends and competitive dynamics within the sports and entertainment industries. This knowledge will enable you to identify new business opportunities and present innovative ideas during interviews.
✨Tip Number 4
Prepare to discuss your experience with financial modelling and revenue forecasting. Be ready to share specific examples of how you've used these skills to drive commercial success in previous roles, as this is crucial for the position.
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: Write a cover letter that showcases your passion for Formula 1 and outlines how your skills align with the role of Commercial Operations Manager. Mention your experience with financial modelling and your ability to collaborate across departments.
Highlight Relevant Skills: Emphasise your proficiency in Excel and PowerPoint, as well as your experience in market analysis and revenue forecasting. These skills are crucial for the role and should be clearly presented in your application.
Showcase Industry Knowledge: Demonstrate your understanding of current trends in the sports and entertainment industries. Mention any relevant technologies or best practices you are familiar with that could benefit Formula 1's commercial objectives.
How to prepare for a job interview at Formula 1
✨Know Your Commercial Strategies
Make sure you understand the key commercial strategies relevant to the role. Be prepared to discuss your previous experiences in developing and executing successful commercial strategies, especially within the sports or entertainment sectors.
✨Showcase Your Analytical Skills
Since the role involves financial modelling and performance analysis, be ready to demonstrate your proficiency in Excel. Bring examples of complex financial models you've built and how they contributed to strategic decision-making.
✨Understand the Industry Landscape
Stay updated on the latest trends in the sports and entertainment industries. 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
Collaboration is key in this role. Think of examples where you've successfully worked with cross-departmental teams to create integrated commercial propositions. Highlight your ability to enhance partner value and fan engagement through teamwork.
