Commercial Manager

Tesco Bank; City of Edinburgh; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Tesco Bank is seeking a Commercial Manager for its Protect Team in Insurance and Money Services. This role involves setting business targets, coordinating cross-functional teams, and analyzing commercial data to enhance decision-making. Candidates should possess strong commercial acumen, Excel skills, and experience in budget management.

Benefits

Pension scheme

Private Medical Insurance

Performance-related bonuses

Generous holiday allowance

Colleague discounts

Enhanced maternity and paternity leave

Ongoing learning opportunities

Share schemes

Qualifications

• Ability to interpret commercial results and develop solutions with minimal supervision.
• Proven Excel skills for data analysis and reporting.
• Competence in project cost management.
• Knowledge of market conditions to advance business goals.

Responsibilities

• Interpreting commercial results and providing insights.
• Building models to forecast performance and reporting variances.
• Contributing to pricing decisions based on market insights.
• Monitoring product life cycles and compliance.

Skills

Commercial acumen

MS Excel

Budget management

Market research and analysis

Job description

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Serving our customers, communities, and planet a little better every day.

Location – Edinburgh, Permanent

Office Attendance - Our roles are hybrid, however you should be able to travel to our Edinburgh office 2-3 days per week for this position.

Closing Date - Applications close on 7th July at 5pm

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel insurance for that trip you’ve worked hard for. And that means we always work with heart. Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do.

We’re looking for a Commercial Manager to join our Protect Team in Insurance and Money Services. You’ll be involved in setting business targets and ensuring they are delivered in line with the plan. To do this, you will coordinate a cross-functional team from across a range of business disciplines (Marketing, Pricing) to develop and deliver a plan of activities and initiatives. You’ll be responsible for forecasting as well as analyzing sales & trading data and reporting on trends and a range of performance metrics.

Using your effective communication skills, you’ll ensure your partners are professionally managed, actions and issues are promptly resolved, governance is adhered to, and relevant opportunities are being discussed and driven forward.

What you’ll be doing

• Interpreting commercial results and providing insights and recommendations on commercial trends. Helping managers make effective decisions based on data, and ensuring they are clear on the implications.
• Building commercial models to forecast performance against budgets, reporting variances to more senior colleagues, and making recommendations based on the data.
• Input to the development of pricing decisions based on customer and market insight as well as current sales and performance data.
• Contributing information to business cases to quantify costs, justify project investment, and identify the return on investment.
• Monitoring all elements and aspects of a product life cycle, including long- and short-term development and marketing.
• Identifying, within the team, instances of non-compliance with the organisation's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate.
• Maintaining day-to-day contact with business-critical suppliers and responding to complex incidents with suppliers/services to analyze performance and provide feedback on key supplier management indicators.
• Taking ownership of specific workstreams or project/product plans, ensuring that all activities are identified and appropriately organized to deliver product objectives.

We need you to have

• Commercial acumen. The ability to interpret commercial results and apply understanding of the business environment and objectives (trading) to develop solutions with minimal supervision.
• Proven MS Excel skills to create relevant and effective reports using various data sources, analyzing data trends to help guide decision making. Confidence with making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Project cost and budget management. Competence in estimating and managing the effort and finances required to complete work within budget.
• Market research and analysis. Applying knowledge of business and the marketplace to advance Tesco Travel Insurance goals. Using research and analysis to develop a comprehensive understanding of market conditions in order to facilitate the success of our brand, products, and services.

And if you have any of these, even better

• Demonstrating advanced Excel skills.
• Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement.
• Building strong customer relationships and delivering customer-centric solutions.
• Holding self and others accountable to meet commitments.

We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.

What’s in it for you?

• Prepare for your retirement with our colleague pension scheme.
• Private Medical Insurance (WL2+) and virtual GP Service for you and your family, days a year.
• Performance-related annual bonus.
• Indulge in a generous holiday allowance with a minimum of weeks, with the opportunity to buy more.
• Enjoy the benefits of our Colleague Clubcard, with a % discount that increases every payday (worth up to 2K). As an added perk, we’ll give you a second card to share with someone else.
• Benefit from our family-oriented initiatives, including enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
• A place to grow – take advantage of ongoing learning opportunities and award-winning training to help you achieve your career goals.
• Participate in our Buy as you Earn and Save as you Earn share schemes.

Everyone’s welcome

We want all our colleagues to feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

Role Alignment

Following the announcement regarding Tesco's strategic partnership with Barclays, this role will support our Insurance and Money Services team and will remain with Tesco.

Interviews

Interviews are expected to be held from the week commencing 12th June.