Product and Pricing Lead

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Job Description - Product and Pricing Lead (MER0002XNL)

Product and Pricing Lead Group : Mercedes-Benz Group AG

Description

Product and Pricing Lead

About us

At Mercedes-Benz Financial Services, our employees are at the heart of our business. Our colleagues provide a range of financial solutions designed around the changing needs of our diverse customers. It doesn’t matter the colour of your skin, the beliefs you value, the people you love or the tattoos you wear, we support you for being you.

Through the doors of Mercedes-Benz Financial Services, you will find a passionate team working to support our customers and our colleagues. We ensure that everyone has an equal opportunity to learn and develop.

We want to celebrate your individuality, embrace your personality and welcome you into our culture. It’s the differences of our colleagues that enable us to thrive. We believe our backgrounds, skills and cultures contribute to our shared culture and help us deliver outstanding Customer Experience. Inclusion is the driving force behind our ethos.

How you’ll play your part

In this Product and Pricing Lead role, you will support the process of setting rate, terms, and commissions for both our PC and CV dealer networks and ensure MBFS maintain the required profit margin and Risk Adjusted Return on Capital targets.To identify product development opportunities and work with the various stakeholders to deliver new initiatives which will increase portfolio and/or support the objectives of our brand partner.

Main Accountabilities

· Support the Product and Pricing manager with the MBFS commission modelling tools, making suggestions and improvements where necessary. Identify modifications to products and pricing models to optimise competitive opportunity and customer benefit.

· Own the channel pricing planning across 10 MBFS sales channels on a monthly and ad-hoc basis. On a monthly basis work with key stakeholders such as the Finance and Controlling team to model our retailer base rates and commission scales. Ensure required margins and RORAC are forecast using the RORAC modelling tool and Cost of funds indicators. Present proposal to Heads of Business prior to senior stakeholder approval. Ensure governance around accuracy and sign off process. This will cover all rates and terms across PC and Van, Retailer and Fleet and Wholesale. Ensure we monthly compare our modelled pricing position vs the actual monthly position and report to senior management. Also provide regular reporting on trends to Pricing committee. Provide S&M input slides and insight for the main Pricing Committee meetings.

· Generate product development ideas to drive portfolio growth and/or support for our brand partner. Working with the Product and Pricing Manager, define, qualify, and quantify the opportunity and produce Product Development Business Case. Working with the strategic Programmes team drive a project to delivery.

· Support in the delivery of any MBUK Sales programmes or Schemes where MBFS is involved in the funding. Manage how these programmes or schemes are designed and delivered. Ensure that they financially work for all parties; are compliant and have documented processes and approvals.

· Working alongside our campaigns team, conduct timely benchmarking and Mystery shopping to ensure our product offerings are competitive. This will include how our joint MBFS/MBC proposition is performing in the marketplace taking into account Monthly Payments, APR, RVs, deposit contribution, tactical campaigns.

· Consult with compliance around product related change topics to identify risk and mitigation and recommend an MBFS solution.

· Working with Compliance to assist in the FCA Product Review process: defining the measures by which we should assess our product range ensuring they are compliant with Consumer Duty legislation. Perform required analysis and produce appropriate evidence in line with FCA guidelines.

· Maintain the Global Product Database for the UK – updating for any product change approvals locally and with HQ.

What’s in it for you?

We’ll offer you a competitive salary and discretionary bonus structure. We also hope you’ll love our products as much as we do, with access to our colleague car schemes. On top of that, you’ll be able to join our pension scheme and you’ll get a flexible benefit pot that can be used to find the benefits that are right for you.

We’re here to support you – we offer access to colleague wellbeing resources, including an Employee Assistance Programme, Mental Health First Aiders and the Inclusion Advocates as well as flexible opportunities to support work life balance. We’ll also encourage your development, with the training and knowledge you need to reach your potential.

Through the doors of Mercedes-Benz Financial Services, you’ll find a passionate team working to put our customers first. We know that to keep this team motivated, we need to ensure that everyone has equal opportunity to learn and develop. We celebrate a culture of appreciation and respect, where everyone is valued for who they are. We believe our backgrounds, experiences and cultures contribute to our shared experience and shape who we are and what we do. The diversity of our colleagues reflects the diversity of our customers. This diversity is the driving force behind our ideas.

What’s next?

When you apply, you’ll be asked to complete a short online application where we’ll ask that you include current CV. You’ll also be asked some application questions, including your current salary information. The Mercedes-Benz recruitment process reflects our obligations under relevant UK legislation. Whilst all applications are carefully considered, we are only able to progress applications from candidates who have the right to work in the United Kingdom.

Please be assured that we’re here to support you throughout the recruitment process and beyond, and reasonable adjustments are available to any candidates who need them. We’re also open to working flexibly and are happy to discuss flexible working options.

We care about your personal data. The General Data Protection Regulation provides you with more control and by submitting an application to us; we consider this an agreement to process your personal data in support of our recruitment and selection process.

Data categories that we process in relation to your application are the ones that you provided as part of the application process. We process your personal data in relation to the application, in accordance with the legal requirements. Recipients of your personal data within our company are the managers of the specialist unit in charge of filling the position and the responsible colleagues from HR.

Your application data is held within our secure application tracking system called Taleo – you will be given access to a candidate zone in the system where you can monitor and manage your application and see status updates. We will communicate with you, by email or phone throughout the recruitment process so that we can keep you updated and inform you of your progress through the recruitment process. You can also seek ‘job alerts’ once you are registered in Taleo and it’s possible your details may be returned in searches we conduct for new positions and we may contact you by email to let you know about them. We limit the storage of your data to the necessary period. Contact us as careers@mercedes-benz.com for further information.

If you have any questions about any matter relating to data protection or the personal data that we process about you for the purpose of personnel recruiting, please contact the Chief Officer of Corporate Data Protection for the Mercedes-Benz Group AG at the following address: Mercedes-Benz Group AG, HPC E600, 70546 Stuttgart, data.protection@mercedes-benz.com.