We are looking for a Commercial Development Executive to join our Race Promotion team. Reporting into our Senior Commercial Development Manager, this role will support the evaluation, development and execution of race opportunities across Formula 1.
Role Overview
The Commercial Development Executive will analyse and develop race opportunities, support contract renewals, and contribute to strategic projects within the Race Promotion team.
Main Duties and Responsibilities
New Races
- Perform strategic analysis of potential new markets (commercial viability, political landscape, etc).
- Monitor current affairs and relevant news in key markets to guide engagement with local contacts.
- Draft briefing packs to inform senior leadership ahead of meetings with prospective race hosts.
- Track the pipeline of prospective race opportunities, ensuring visibility of status and next steps.
- Develop opportunity assessment processes (evaluation frameworks, selection criteria, etc).
Contract Renewals
- Inform renewal strategy and deal priorities by analysing commercial metrics and event feedback.
- Support preparation of materials, including financial modelling, for negotiations with promoters.
Strategy and Projects
- Develop materials for senior leadership forums focused on long-term strategy and calendar evolution.
- Contribute to the delivery of high-priority projects across the wider Race Promotion team.
Qualifications
Personal Qualities:
- International outlook including strong grasp of geopolitics and preferably the ability to speak languages relevant to key F1 markets.
- Appetite to learn and commitment to personal development opportunities.
Qualifications:
- A strong academic record including a bachelor’s or master’s degree from a top university.
- 2-3 years experience in high-performance cross-functional roles (sports, strategy, consulting, etc.).
Desirable Experience:
- Understanding of the commercial sports landscape (Formula 1 and other major properties).
- Basic knowledge of RFP and/or contracting processes.
Knowledge & Skills
- Deliver clear and succinct written materials with consistent attention to detail.
- Manage relationships with colleagues across F1 in both commercial and operational roles.
- Prioritise effectively when working simultaneously on multiple workstreams.
- Identify opportunities to optimise processes and commercial outcomes via proactive problem solving.
Benefits
- Private Healthcare scheme
- Dental Care
- 4 x Grand Prix Paddock passes per season
- Enhanced maternity/paternity leave and other family planning policies
- Free staff shuttle service running to and from surrounding trains stations near Biggin Hill
- Free healthy snacks in our offices
- Subsidised canteen in Biggin Hill, serving breakfast and lunch
- 25 days annual leave and 8 Bank Holiday days, plus a Christmas period closure
- Opportunities to develop and request training for your role via our in-house Learning and Development team
- Discount on F1 merchandise
- Discount at F1’s experiences including F1 Arcade and F1 Drive
- Perkbox benefit portal and more
Recruitment Fraud Warning
We only communicate with candidates through official @f1.com email addresses. We will never contact you via personal email accounts, messaging apps, or request payment as part of our recruitment process. If you receive suspicious communication claiming to be from our talent team, please report it to recruitment@f1.com.
Commercial Development Executive, Race Promotion employer: Formula One Management Limited
Join our dynamic team as a Senior Network Engineer in Biggin Hill, where we prioritise innovation and employee well-being. Enjoy a supportive work culture that fosters professional growth through training opportunities, while benefiting from perks like private healthcare, enhanced family leave, and free healthy snacks. With a focus on collaboration and continuous improvement, you'll play a key role in shaping our IT network infrastructure in an exciting environment.
Contact Details:
Formula One Management Limited Recruitment Team
