Product and Pricing Manager FTR (9m FTC)
Product and Pricing Manager FTR (9m FTC)

Product and Pricing Manager FTR (9m FTC)

London Full-Time 42796 - 57042 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the development of a customer-focused pricing strategy for UK rail fares.
  • Company: Join a dynamic team shaping the future of Britain's railway system.
  • Benefits: Enjoy 30 days annual leave, 75% off UK rail travel, and flexible working options.
  • Why this job: Make a real impact on rail fare reform while working in a collaborative environment.
  • Qualifications: Degree or equivalent experience in Pricing & Revenue Management required.
  • Other info: This is a 9-month fixed-term contract with opportunities for personal development.

The predicted salary is between 42796 - 57042 £ per year.

Closing Date for Applications 16th July 2025

Salary Scale:£42,796 – £57,042 per annum

What is the purpose of this job?

The Fares, Ticketing ad Retail (FTR) programme aims to create a simpler, better railway for everyone in Britain whether through fares simplification or interaction customers have with the industry as they purchase tickets for travel. This role will be directly responsible for the delivery and optimisation of our product and pricing strategy

A key member of our Fares team, you will utilise customer insight, industry best practice, and data-driven thinking to support the development and delivery of the FTR Integrated fares model at a rapid pace. This will enable you to assist train operators with delivery implementation and best practice.

Achieve revenue growth via patronage improvement and revenue improvement. This is a high-impact role within a complex stakeholder landscape. You will be part of a talented team that is shaping the future of UK rail fare reform.

What can I expect to do in this job?

This isn’t an exhaustive list, but things you can expect to be involved with include:

· Drive the development and delivery of a data led, customer focused pricing strategy aligned with the integrated fares model.

· Embed customer insights and market data into all pricing decisions, ensuring compliance and mitigation of commercial risks.

· Accountable for the delivery of specific fares projects as part of the integrated fares reform plans.

· Define and deliver optimal prices by product and service per the integrated fares model with adherence to fares policy.

· Own and manage pricing deliveries with operators, LTAs and third parties to maximise the whole network return.

· Champion multi modal product development, whilst considering rail revenue, making travel smoother and more integrated across transport modes where relevant.

· Support the fares test strategy of products and mobilisation plans, as part of the project team, to launch date so that fares products are delivered to time and have been robustly tested before launch.

· Represent the fares work package team, and support new initiatives from other areas of GBR, FTR, and the wider industry. Communicate transparently, and concisely with stakeholders and create a story for the fares products that are being delivered.

· Build and implement systematic fares delivery processes and KPIs to support the fares strategy execution

Who will my key contacts be?

FTR, DfT, RDG PMS Team, Train Operating Companies, Senior RDG Governance bodies.

Degree or equivalent professional qualification or extensive business experience, in Pricing & Revenue Management or similar

· You bring strategic thinking, commercial acumen, and a proven ability to deliver business critical plans that drive results.

· Analytical, curious and customer centric, you use data and insight to shape decisions and spot emerging opportunities.

· Rail Pricing systems experience

· Extensive experience of fares setting, products vision, strategy.

· Strong communication skills, with the ability to communicate complex concepts in a simple and understandable way to time-poor senior stakeholders

· Experience of rail retail systems, and eCommerce is also desirable

  • 30 days annual leave
  • 75% reduction on UK rail travel (for work and leisure) – more below
  • Reduced international rail travel
  • Interest free season ticket loan
  • Contributory defined benefit pension scheme
  • Give As You Earn scheme
  • Subsidised private medical care
  • Healthcare cash plan scheme
  • Employee Assistance Programme scheme
  • Flexible working
  • 30 weeks full pay for maternity, adoption and shared parental leave (subject to eligibility)
  • Personal Development Days
  • Employees may sell up to a maximum of five days’ leave. Employees can buy up to a maximum of five days’ leave. These figures will be pro rata for part-time employees

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Product and Pricing Manager FTR (9m FTC) employer: Rail Delivery Group

As a Product and Pricing Manager within the Fares, Ticketing and Retail (FTR) programme, you will join a dynamic team dedicated to transforming the UK railway experience. Our company fosters a collaborative work culture that values innovation and customer insight, offering extensive benefits such as 30 days of annual leave, significant reductions on UK rail travel, and opportunities for personal development. With a commitment to employee growth and a supportive environment, we empower our staff to make a meaningful impact in shaping the future of rail fare reform.
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Contact Detail:

Rail Delivery Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Product and Pricing Manager FTR (9m FTC)

✨Tip Number 1

Familiarise yourself with the latest trends in pricing strategies within the rail industry. Understanding how data-driven decisions are made can give you an edge in discussions during interviews.

✨Tip Number 2

Network with professionals in the rail sector, especially those involved in fares and pricing. Engaging with them on platforms like LinkedIn can provide insights and potentially lead to referrals.

✨Tip Number 3

Prepare to discuss specific examples of how you've used customer insights and data to drive pricing decisions in your previous roles. This will demonstrate your analytical skills and customer-centric approach.

✨Tip Number 4

Stay updated on the latest developments in UK rail fare reform. Being knowledgeable about current initiatives will show your genuine interest in the role and the organisation's mission.

We think you need these skills to ace Product and Pricing Manager FTR (9m FTC)

Strategic Thinking
Commercial Acumen
Data Analysis
Customer Insight Utilisation
Pricing Strategy Development
Fares Setting Experience
Stakeholder Communication
Project Management
Analytical Skills
Rail Pricing Systems Knowledge
Experience with Rail Retail Systems
eCommerce Familiarity
Risk Mitigation
Multi-Modal Product Development

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to grasp the responsibilities and expectations of the Product and Pricing Manager role. Highlight key skills and experiences that align with the requirements.

Tailor Your CV: Customise your CV to reflect relevant experience in pricing strategy, data analysis, and stakeholder management. Use specific examples that demonstrate your ability to drive results in similar roles.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the railway industry and your understanding of customer-centric pricing strategies. Mention how your background aligns with the goals of the FTR programme.

Highlight Relevant Skills: Emphasise your analytical skills, strategic thinking, and communication abilities. Provide examples of how you've successfully managed projects or initiatives that required collaboration with multiple stakeholders.

How to prepare for a job interview at Rail Delivery Group

✨Understand the FTR Programme

Make sure you have a solid grasp of the Fares, Ticketing and Retail (FTR) programme. Familiarise yourself with its goals, such as simplifying the railway experience for customers. This knowledge will help you demonstrate your alignment with the company's mission during the interview.

✨Showcase Your Analytical Skills

As a Product and Pricing Manager, you'll need to leverage data-driven insights. Be prepared to discuss how you've used data in past roles to inform pricing strategies or product development. Highlight specific examples where your analytical skills led to successful outcomes.

✨Communicate Clearly

Strong communication skills are essential for this role. Practice explaining complex concepts in simple terms, especially those related to pricing and fares. You might be asked to present ideas to senior stakeholders, so clarity and conciseness are key.

✨Prepare for Stakeholder Engagement

This position involves working with various stakeholders, including train operating companies and governance bodies. Think about your past experiences in stakeholder management and be ready to share how you navigated complex relationships to achieve results.

Product and Pricing Manager FTR (9m FTC)
Rail Delivery Group
R
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