Job Title: Commercial Analyst
Job Reference: RB/HQ00054308
Job Type: Contract
£35000 per annum, Benefits: Excellent Blue Chip Benefits
Posted 9 days ago
| Purpose of role:
|As part of the Commercial & Data Quality Management team this role is required to support critical activities related to managing our distributor propositions. Working with the Senior Commercial Manager the role will require the successful candidate to manage the implementation of commission / pricing terms for distributors as well as supporting key processes to manage counterparty credit risk and investigate potential distributor fraud.
The role offers great insight into the Individual Protection element of the business and provides an opportunity to work with many different departments and the senior management team.
| Principal accountabilities:
||To ensure all agency commission, pricing and 2 year requests are correctly approved and implemented onto the core business systems in line with requirements and to ensure key audit trails are maintained at all times.
||To ensure key risk reporting is completed including relevant board reporting.
||To maintain and report on the commission review database in order to ensure that key accounts are reviewed on a timely basis. As part of this responsibility it will be a requirement to carry out full commission reviews on not less than a quarterly basis.
||To provide complaint investigation services for commission / pricing issues delivered to the team on behalf of distribution partners. This responsibility will include ensuring root causes are identified, dealt with and relevant action is taken to resolve the complaints.
||Support our distribution colleagues with pricing and commission related queries
||To provide key agency, commission related MI regarding activities in order to evidence delivery of service and that the business is operating within desired operating tolerances.
||To manage, develop and use various systems (including Business Objects, Microsoft Access and Microsoft Excel) to provide critical support information to the DQM program regarding key distributer behavioural traits. This responsibility will require MI analysis to be performed on a monthly basis and representation of this information at relevant DQM Committees.
||Perform firm profitability analysis for inclusion in Committee packs and ad hoc requests
|Qualifications, knowledge and skills: Qualifications:
||Business Degree or similar (not essential)
„X Knowledge of regulatory framework
„X Understanding of financial analysis
„X Experience in a commercial function within a financial services environment
„X Commercial Management in sales environment
„X Creative thinking
„X Strong communication skills
„X Relationship management
„X Microsoft Excel (preferable)
||Some experience of people management (not essential)
Having been in recruitment for 15 years, in 2006 I decided to form Jenrick Commercial (a new division of The Jenrick Group) and I have to say, it’s been one hell of a ride. Recruitment has changed drastically over the last 15 years, however, I’ve learnt that if you keep things simple, work hard, be honest and really understand your clients and candidates then you will do well.
My loves in life are my wife (Miriam) and my son (Toron). I’ve been married for nearly 20 years, so I was snapped up early (my wife clearly has good taste – or at least I like to think so!).
2018 wasn’t a particularly straightforward year for many businesses around the UK, however despite this 2018 was another steady year for us as a business. We saw our business thrive and peak in 2017, with it being our best year ever, and 2018 saw us level on par with that. So for us as a business having this continuity in strength was reassuring and gave us confidence despite the media advertising otherwise due to Brexit.
In Quarter 4 we did see the usual reduction of volume of candidate’s applications. We do find this to be the norm prior to Christmas, many candidates often put aside looking for a new role in November until the New Year so this wasn’t a surprise. Although we did see a lull in candidate movement at the back end of the year, a point to note is that not one candidate we spoke to advised that they were staying put until after Brexit.
What has been a surprise is that normally we do see higher response of volume on applications and candidates looking for work at this point of the year, following the theme ‘New year, new career’, however applications have been far lighter compared to the start of 2018. This highlights that the war on good, quality talent is becoming even more difficult.
On the flip side the volume of new jobs has been very steady, even rising slightly, since Jan 1st. This is based on our client growth as well as the strong relationships we have formed with our current clients – around 91% of our business is referred of repeat. January and February have been a great start to the year with both placement of permanent and contract positions increasing so we are seeing no slow down with new business.
Where’s the future at?
It goes without saying that Brexit will no doubt shape and define where the market goes. The likelihood is increasing that we will extend the negotiations and not leave as planned on the 29th March. While we are unsure as to how long the delay will be, it could dominate through to the end of 2019 meaning a steady and cautious, if not unpredictable, year.
Whatever the outcome is; a deal as planned, a delayed deal or even a no deal then we do foresee the market to the cautious throughout 2019. Obviously the sooner the decision is made then the more likely it will be that we will see stability in our industry and the overall market conditions of the UK bringing confidence back in and normality taking hold.
As most of our clients tend to sit within either; Technology, Professional Services, Financial Services we definitely haven’t seen any change with new opportunities, however the market is all around confident and if confidence is high then opportunity will flow.
If you are looking for exceptional staff or your next career move then contact us on 01932 230868 or firstname.lastname@example.org
2017 was our busiest year since we started trading over 11 years ago. However, as the business has grown our levels of service to our clients and candidates has been maintained at the highest levels. Jumping back to 2016 when we closed on a record year when, we thought the market had peaked – 2017 only went and continued in the same fashion and superseded our expectations. We saw our business increase by 153% from 2016. The experience we have gained through these busy times has set us apart from a lot of other companies which is why we retain the vast majority of our clients and see candidates making us the first choice to help them find exceptional jobs.