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- Tasks: Manage financial data and provide insights to improve dealer performance.
- Company: Join McLaren, a leader in automotive innovation and performance.
- Benefits: Enjoy 25 days holiday, private medical insurance, and a structured career development framework.
- Why this job: Make a real impact on dealer success and network health with your analytical skills.
- Qualifications: Strong financial analysis skills and knowledge of dealership operations required.
- Other info: Be part of a diverse team driving innovation and excellence in the automotive industry.
The predicted salary is between 36000 - 60000 £ per year.
The Retailer Composite Manager is responsible for the financial and operational benchmarking of McLaren's retailer network. This behind-the-scenes role manages the dealer composite - a consolidated set of reports where all McLaren retailers submit their financial and key operating data. By analyzing this information, the Retailer Composite Manager provides insights into dealer profitability, cost structures, and performance benchmarks, identifying where the network can improve its business fundamentals. In essence, this role helps both McLaren and its dealers understand how each business is doing "under the hood" and what best-in-class looks like, thereby indirectly driving a healthier, more successful network.
What You’ll Do
- Composite Data Management: Oversee the collection of monthly financial and operational data from all dealers. Ensure dealers submit their data (P&L, balance sheet sections, and key operating metrics like sales, gross margin, expenses, departmental performance, etc.) accurately and on time. Work with an analytical platform or software for composites to compile this data into a coherent dataset for analysis.
- Data Validation: Review incoming data for accuracy and consistency. Flag anomalies or obvious errors in dealer submissions and follow up with those dealers to correct them. Maintain confidentiality protocols so that each dealer's data is handled appropriately and only seen in aggregate or anonymized comparisons, not shared improperly.
- Benchmarking & Analysis: Analyze the composite data to generate performance benchmarks and insights. Determine metrics like average dealer profitability (% net profit on sales), average revenue per salesperson, absorption rate, etc. Identify top quartile, median, and bottom quartile values for key indicators. Pinpoint areas where McLaren's network overall might underperform industry benchmarks and investigate why.
- Reporting: Produce a monthly composite report for internal stakeholders and dealers that highlights the network's financial health and key performance indicators. Use charts and tables to compare dealers and summarise network-wide trends.
- Dealer Feedback & Reviews: Support the Network Performance and Development teams by providing data for dealer performance reviews. Supply tailored composite extracts that show how their business compares to similar-sized or regional peers on key metrics.
- Improvement Initiatives: Identify network-wide opportunities to improve efficiency or profitability. Use the data to drive continuous improvement programs, whether it’s training on financial management for dealers or sharing cost-saving practices from high-profit dealers.
- Liaison with Dealers on Financial Performance: Serve as a point of contact for dealer financial controllers or principals who have questions about the composite or want to understand how to improve. Maintain an open line of communication to explain the composite metrics.
- Internal Advisory: Inform McLaren's internal teams about how network economics are evolving. Alert if dealer profitability is trending down or if certain cost ratios are climbing.
- Fit for Purpose Systems: Maintain and develop an up-to-date and fit-for-purpose composite system. Hold responsibility for contractual and performance management of the composite supplier.
- AI/Innovation Focus: Leverage AI and automated analytics to supercharge the benchmarking process. Implement an online dashboard with AI capabilities to allow dealers to securely log in and interact with their own data vs. benchmarks.
What We’ll Do for You
- Financial Analysis Expertise: Strong background in financial analysis or accounting, ideally with experience in automotive retail or franchise operations.
- Data Management & Excel Skills: Proficient in Excel and data management tools; able to handle large sets of numerical data with ease.
- Analytical & Critical Thinking: Able to identify patterns and outliers in data and hypothesise reasons behind them.
- Understanding of Dealer Ops: Knowledge of dealership operations and economics.
- Communication: Able to translate financial jargon into plain language insights.
- Discretion and Ethics: Handles highly confidential dealer financial data - must be absolutely trustworthy and respect confidentiality agreements.
McLaren Automotive exists to create breath-taking performance road cars. It takes a community to do what we do. A diverse group of people with many areas of expertise, united by their passion to deliver visionary products and set new benchmarks. McLaren Automotive commits to equal opportunity for all. Diversity, Equality and Inclusion is at the heart of our impact, it drives our innovation and enables us to truly create something special. Join us on our journey.
Benefits
- Structured career development framework
- 25 days' holiday, plus bank holiday.
- Annual buy & sell up to five days
- Enhanced company pension scheme
- Discretionary annual bonus award
- Private medical insurance and health cash plan
- Life assurance benefit
- Ability to apply for a sabbatical of up to one year after only two years' service
- Benefits you can adapt to your lifestyle, such as discounted shopping
- Generous parental leave policies
- A range of wellbeing initiatives, such as employee assistance programme and free financial & mortgage advice
Retailer Composite Manager employer: McLaren Racing
Contact Detail:
McLaren Racing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retailer Composite Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the automotive industry. Attend events, join online forums, and don’t be shy about reaching out to current McLaren employees on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by diving deep into McLaren's values and recent news. Show us you’re not just another candidate; demonstrate your passion for the brand and how you can contribute to our goals. Tailor your responses to reflect our commitment to innovation and excellence.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family, focusing on common questions related to financial analysis and data management. This will help you articulate your thoughts clearly and confidently when it’s your turn to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in being part of the McLaren family. Keep an eye on our careers page for the latest opportunities!
We think you need these skills to ace Retailer Composite Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your relevant experience in financial analysis and data management. We want to see how your skills align with the Retailer Composite Manager role, so don’t hold back on showcasing your expertise!
Showcase Your Analytical Skills: In your application, emphasise your ability to analyse data and identify trends. We’re looking for someone who can not only crunch numbers but also interpret them meaningfully. Share examples of how you've used data to drive improvements in previous roles.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to explain your experiences and achievements. We appreciate a well-structured application that’s easy to read and understand!
Apply Through Our Website: Don’t forget to submit your application through our official website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen to join the McLaren family!
How to prepare for a job interview at McLaren Racing
✨Know Your Numbers
Before the interview, brush up on key financial metrics relevant to the automotive retail sector. Understand terms like absorption rate and gross margin, as you'll likely be asked how these impact dealer performance. Being able to discuss these concepts confidently will show that you’re not just familiar with the data but can also interpret it.
✨Showcase Your Analytical Skills
Prepare examples of how you've used data analysis in previous roles. Think about times when you identified trends or anomalies in financial data and what actions you took as a result. This will demonstrate your critical thinking abilities and your knack for turning numbers into actionable insights.
✨Communicate Clearly
Practice explaining complex financial concepts in simple terms. You might need to present findings to stakeholders who aren't financially savvy, so being able to translate jargon into plain language is crucial. Consider role-playing with a friend to refine your communication skills.
✨Be Ready for Ethical Scenarios
Since confidentiality is key in this role, think about how you would handle sensitive information. Prepare to discuss scenarios where you had to maintain discretion or navigate ethical dilemmas in data management. This will show that you understand the importance of trust in handling dealer financial data.
