SCUK Pricing and Commissions Analyst (12 Month FTC)

Santander Bank; Redhill; Hybrid; GBP 26,000 - 29,000; Full time

Job summary

A prominent financial institution based in Redhill is seeking a Pricing & Commission Analyst to support the Finance team. The role involves managing commissions and ensuring quality control, with responsibilities including debt recovery, payments processing, and audit support. Candidates should have excellent Excel skills and a proactive attitude. The position offers a competitive salary of £26,000 - £29,000, along with various benefits including annual bonuses and flexible allowances.

Benefits

25 days holiday plus bank holidays

Annual bonus based on performance

£500 flexible benefit allowance

Generous pension contributions

Employee assistance programme

Sharesave scheme

Gym passes at a reduced rate

Qualifications

• Experience in the Motor Finance sector is desirable.
• Ability to work independently with minimal guidance.
• Experience in reconciliations is desirable but not essential.

Responsibilities

• Conduct audits and provide technical guidance.
• Process commission and dealer performance bonus payments.
• Identify process improvements and implement solutions.
• Prepare technical calculation documents for customers.

Skills

Excellent MS Office skills

Strong organisational skills

Attention to detail

Ability to work under pressure

Self-motivated

Job description

Overview

Santander Consumer Finance UK (SCUK) is based in Redhill, Surrey and provides motor finance to a network of car dealerships across the United Kingdom. We are seeking a Pricing & Commission Analyst to join the Finance team on a 12 Month Fixed Term Contract in a hybrid role requiring you to work at least 3 days a week in the office. Remote workers will not be considered. The role is focused on commissions quality and governance, with responsibilities spanning commissions, pricing, MI and commercial debt recovery.

Responsibilities

• Commercial Debt Recovery
• Extract and reconcile dealer statements to evidence amounts requested in letters
• Assist with sending letters to dealers
• Depise for Commercial Recoveries Manager as required, particularly monitoring and managing the shared inbox
• Liaise with the Commercial Team to provide information about dealer debit backs
• Perform debit back adjustments using monthly reports and BI reporting as appropriate
• Escalate issues to the Commercial Recoveries Manager and Pricing Manager as required
• Chase dealers for outstanding volume bonus balances and maintain a tracker
• Undertake ad hoc tasks as directed by the Commercial Recoveries Manager

• Commissions Accounts
• Process commission and dealer performance bonus payments in accordance with dealer Operating Agreements
• Ensure monthly DPB reports are correct and distributed for approval in a timely manner
• Obtain the correct approvals for DPB payments and ensure evidence is captured
• Escalate DPB approvals if metrics are not met
• Perform subsidy refunds and commission adjustments in line with governance and controls

• Quality Control
• Conduct Line 1 Quality Assurance checks to ensure commissions are correct on the system and escalate where applicable
• Act as a point of contact for internal and external audits, providing technical guidance as required

• Finance Control
• Produce technical calculation documents for customers, including Early Settlement breakdowns and amortisation statements, and validate partial settlement calculations

• Continuous Improvement
• Identify process improvements and implement solutions

• Training
• Maintain and enhance knowledge to ensure tasks are completed to the highest level
• Support delivery of training for new starters or upskilling the team
• Involve the team in developing ideas to improve business performance and best practices

Requirements/Skills: Excellent MS Office skills, especially Excel; ability to work independently with minimal guidance; strong organisational skills and the ability to meet deadlines and prioritise work; ability to work to tight deadlines and under pressure; attention to detail; proactive, self-motivated, task-focused with initiative; experience in the Motor Finance sector and in reconciliations is desirable but not essential.

Benefits and Hours

• Competitive salary of £26,000 - £29,000 (dependent on experience)
• 25 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• £500 flexible benefit allowance
• Generous pension contributions
• Employee assistance programme
• Sharesave scheme
• Gym passes at a reduced rate for 3,000 gyms and leisure centres
• Working hours: 35 hours per week, Monday – Friday, 9:00am – 5:00pm, with occasional unsociable hours

Other information

Inclusion: At Santander we are creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We celebrate diversity and are committed to equal opportunity, aiming to attract, retain and develop talented people through living our values of Simple, Personal and Fair. We have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind. If you want part-time hours, please let us know and we can assess your requirements.