Payment Optimisation Manager London - Commercial

Economist Group; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Payment Optimisation Manager to enhance online payment processes for their global subscription business. This role involves managing relationships with payment service providers, optimizing payment acceptance rates, and analyzing transaction data to drive improvements. The ideal candidate will have a strong background in card payment processing and product management, along with excellent analytical skills. Join a forward-thinking organization that values innovation and integrity, and contribute to shaping the future of payment solutions while enjoying generous benefits and a supportive work environment.

Benefits

Incentive Programme

Generous Annual Leave

Parental Leave Policies

Volunteering Days

Well-being Support

Free Access to Economist Content

Qualifications

• Expertise in card payment processing with a focus on online payments.
• Experience in managing payment gateway-related products.

Responsibilities

• Support the Head of Customer Retention in executing the renewal strategy.
• Manage relationships with payment service providers and negotiate contracts.
• Analyze transaction data to reduce decline rates and improve processes.

Skills

Card Payment Processing

Product Management

Data Analysis

Stakeholder Management

Analytical Skills

Problem-Solving Skills

Communication Skills

Education

Bachelor's Degree

Master's Degree

Tools

Payment Gateways

Data Analytics Tools

Job description

We are an organisation that exists to drive progress. That's the “red thread” that connects everyone at The Economist Group (TEG). Our businesses share a devotion to innovation, independence and rigour in their fields of expertise. We empower people to understand and tackle the critical challenges and changes facing the world. Our analytical rigour, global expertise and evidence-based insights enable individuals and organisations to make sense of these shifts and chart a course through them.

We deliver analysis and insights in many formats to subscribers and clients in 170 countries through our four businesses, The Economist, Economist Impact, Economist Intelligence and Economist Education, which uphold our global reputation for excellence and integrity.

We are seeking a Payment Optimisation Manager to join the Customer Retention team. The successful candidate will be responsible for ensuring optimised processes and contractual arrangements are in place to secure the acceptance of online payments for our global subscription business.

You will be an expert in card payment processing. You'll hit the ground running with a proven track record of product management, specialising in managing payment gateway-related products and authentication products such as 3D Secure. Experience with products driven by data and predictive modelling would be an advantage.

Responsibilities

• Support the Head of Customer Retention in executing the customer-led renewal strategy to increase retention rates and lifetime value.
• Manage relationships with payment service providers, gateways, acquiring partners and payment aggregators including negotiation of commercial terms and contracts and outreach to card schemes where necessary.
• Analyse monthly transaction data from acquiring platforms to develop strategy, in conjunction with the retention team to reduce decline rates and friction.
• Continuously develop and produce global reports detailing key payment KPIs for actionable insight.
• Develop payment processes to maximise efficiency whilst maintaining regulatory and legislative compliance.
• Liaise with technology and retention team to help manage payment projects from design through to rollout.
• Regularly monitor transaction data to ensure any significant increases in payment failures and rejections are flagged early.
• Maintain database of merchant identification numbers.
• Conduct ongoing market analysis to keep abreast of the latest trends in payment optimisation.

Who you are

• Experience with the card payment industry; optimising recurring payment acceptance rates, improving new transaction approval rates and knowledge of card scheme rules.
• Deep understanding of the nuances between different card schemes, issuers, countries etc.
• Knowledge of regulations affecting card and electronic payments (e.g. latest iteration of PCI/DSS, PSD2, Network Tokenisation, etc.).
• Proven ability to identify and recommend improvements that demonstrate ROI.
• Dealt with international payment methods (local credit cards, bank transfers, etc.) and has an awareness of emerging alternative payment mechanisms (APM’s such as digital wallets & open banking transfers).
• Good attention to detail and confidence in monitoring and analysing large volumes of data.
• Good written and oral communication skills.
• High level of professionalism and personal integrity.
• Prior success in developing and optimising payment processes.
• Ability to manage stakeholder needs.
• Strong analytical and problem-solving skills.
• Pro-activeness and responsiveness.

What we offer

Benefits
We offer excellent benefits including an incentive programme, generous annual and parental leave policies, volunteering days and well-being support throughout the year, as well as free access to all Economist content. Country specific benefits are also offered.

Our Values

Our values are a collective set of beliefs and behaviours that strengthen The Economist Group's purpose and demonstrate where we want to be as an organisation. They reflect on our mission to pursue progress for individuals, organisations and the world.

Independence
We are not bound to any party or interest and encourage exploration and free-thinking. We champion freedom, both within our organisation and around the world.

Integrity
We are bold in our efforts to uncover the truth and stand up for what we believe in. We inspire trust through our rigour, fact-checking and transparency.

Excellence
We aspire to the highest standards in all we do. We are ambitious and inquisitive in our pursuit of continuous progress and innovation.

Inclusivity
We value diversity in thought and background and encourage healthy debate with a breadth of perspectives. We treat our colleagues and customers fairly and respectfully.

Openness
We foster a collaborative and empathetic culture conducive to the interests, wit and initiative of our colleagues. New ideas are our lifeblood.

The Economist Group values diversity. We are committed to equal opportunities and creating an inclusive environment for all our colleagues and potential colleagues regardless of ethnic origin, national origin, gender, gender identity, race, colour, religious beliefs, disability, sexual orientation, age, marital status or any other status.

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