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For Companies At a Glance
- Tasks: Support F1's experiential programs like F1 Drive and F1 Arcade.
- Company: Join Formula One Management Ltd, a leader in live sports entertainment.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of the thrilling world of F1 and make impactful partnerships.
- Qualifications: Bachelor's degree and 2+ years in partnership account management required.
- Other info: Ideal for self-starters who thrive under pressure and love teamwork.
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: Formula One
Contact Detail:
Formula One Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Experiential Licensing Executive
✨Tip Number 1
Familiarize yourself with the current experiential programs like F1 Drive, F1 Arcade, and the Formula 1 Exhibition. Understanding these initiatives will help you speak knowledgeably about them during discussions and show your genuine interest in the role.
✨Tip Number 2
Network within the live events and licensing sectors. Attend industry events or webinars where you can meet professionals who might have insights into the role or even connections at Formula One Management Ltd.
✨Tip Number 3
Brush up on your project management skills. Since the role requires strong organizational abilities, consider using tools like Trello or Asana to demonstrate your capability in managing multiple tasks effectively.
✨Tip Number 4
Prepare to discuss your experience with partnership account management. Think of specific examples where you've successfully managed relationships or projects, as this will be crucial in showcasing your fit for the role.
We think you need these skills to ace Experiential Licensing Executive
Some tips for your application 🫡
Tailor Your CV: Make sure to customize your CV to highlight your experience in licensing and commercial partnerships. Emphasize any relevant projects you've managed, especially in the live event or experiential landscape.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for Formula 1 and your understanding of the experiential licensing space. Mention specific experiences that demonstrate your ability to manage partnerships and deliver projects successfully.
Highlight Relevant Skills: In your application, focus on your organizational skills, attention to detail, and project management experience. Provide examples of how you've successfully handled multiple tasks and worked under pressure.
Showcase Your Communication Abilities: Since the role requires strong communication skills, include examples of how you've effectively presented ideas or facts in writing and through presentations. This will demonstrate your ability to liaise with internal and external stakeholders.
How to prepare for a job interview at Formula One
✨Showcase Your Experience
Be prepared to discuss your previous experience in partnership account management, especially in licensing or live events. Highlight specific projects where you successfully managed relationships and delivered results.
✨Demonstrate Organizational Skills
Since the role requires strong organizational skills, come ready with examples of how you've effectively managed multiple tasks or projects simultaneously. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨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 show your enthusiasm and knowledge during the interview.
✨Prepare for Financial Discussions
Since the role involves financial reporting and analytics, be ready to discuss your experience with budgeting, forecasting, and tracking royalties. Familiarize yourself with relevant metrics and be prepared to explain how you've used data to drive decisions.
