Active Jobs at Mr Price Group

Job Description

• Are you passionate about driving innovation and creating impactful solutions within the insurance industry? Join our Financial Services team at Mr Price Money as a Commercial Business Partner, where you’ll play a critical role in product development, optimizing distribution channels, and improving product profitability.

Responsibilities

Business Partnering

• Act as a key partner across business units to drive performance and profitability for insurance products.
• Collaborate with the Commercial Manager to execute strategic initiatives, ensuring alignment with business objectives.
• Work with the Marketing, Operations, and BI teams to enhance omni-channel sales performance and optimize customer acquisition across distribution channels.
• Build and maintain relationships with external partners and suppliers, ensuring mutually beneficial agreements.
• Partner with Finance to develop cost of acquisition models, reconcile sales, and support budgeting and forecasting processes.
• Collaborate with IT and BI teams to streamline reporting, enhance automation, and provide actionable insights.
• Engage with HR and Training teams to ensure product-related training materials are effective and up to date.

Product Development & Performance Management

• Monitor product profitability and customer segment performance, implementing improvements as needed.
• Support the design and execution of commercial models and forecasts for new product development.
• Formulate and present business cases for product enhancements and innovations that align with customer needs and market opportunities.
• Identify and act on revenue growth opportunities through market research and trend analysis.

Distribution Channel Optimization

• Assess and recommend enhancements to distribution channels to drive profitability and customer engagement.
• Collaborate with internal teams to optimize omni-channel strategies, focusing on cost-effective and scalable solutions.
• Track the effectiveness of channel deployment strategies to improve product reach and impact.

Compliance and Risk Management

• Work closely with Legal and Compliance teams to ensure adherence to FAIS, and other regulatory requirements.
• Support quarterly compliance reporting for insurance submissions.
• Monitor and manage the implementation of financial and operational controls.

Project Leadership

• Lead and support projects aimed at improving product and process performance across the business.
• Assist in the migration to scalable technology platforms, ensuring alignment with strategic goals and compliance standards.

Cross-Functional Collaboration

• Act as a liaison between various teams, including Marketing, Finance, Operations, and IT, to ensure cohesive execution of business initiatives.
• Provide support and insights to the Commercial Manager to facilitate data-driven decision-making.

Qualifications

• Educational Background: Bachelor’s degree in finance, Accounting, Business Management, or related fields. Newly qualified CA(SA) preferred.
• Industry Experience: Minimum 3 years in financial services, with a focus on insurance and retail finance. Experience in product development and distribution optimization is advantageous.
• Technical Proficiency: Advanced skills in Microsoft Office Suite (Excel, Word, PowerPoint). Familiarity with financial modeling and forecasting tools.

Core Competencies:

• Strong analytical and commercial acumen.
• Exceptional communication and interpersonal skills.
• Proven project management capabilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Regulatory Knowledge: Familiarity with FAIS.
• Entrepreneurial Flair: Demonstrated ability to identify and capitalize on growth opportunities.

go to method of application »

Job Description

• Do you thrive in dynamic environments where data-driven strategies meet customer-centric solutions? Join our Financial Services team at Mr Price Money as a Commercial Business Partner, specializing in retail credit. This is your opportunity to drive innovation and improve profitability in a fast-paced and collaborative environment.

Responsibilities

Business Partnering

• Collaborate with cross-functional teams, including Marketing, BI, and Operations, to develop and execute credit acquisition strategies that align with the business’ goals.
• Partner with the Commercial Manager to monitor and optimize new account acquisition efforts across multiple channels.
• Build relationships with external partners to enhance credit product offerings and distribution efficiency.
• Work closely with Finance to create customer profitability models, monitor financial performance, and support budgeting and forecasting processes.
• Engage with IT and BI teams to automate and enhance reporting mechanisms, ensuring timely and actionable insights.
• Collaborate with HR and Training teams to align training materials with credit product goals and operational needs.

New Account Acquisition Strategies

• Develop and refine omni-channel strategies for acquiring high-value credit customers while maintaining cost efficiency.
• Analyze customer acquisition trends and work with Marketing and Operations to ensure that efforts align with profitability goals.
• Evaluate partnerships and campaigns to ensure they drive measurable and sustainable growth in the credit portfolio.

Customer Profitability & Spend Stimulation

• Monitor and analyze customer behavior to identify opportunities for profitability improvement and customer lifetime value enhancement.
• Work closely with Marketing to design and implement spend stimulation initiatives tailored to customer segments.
• Leverage insights from BI and analytics teams to understand customer usage patterns and recommend targeted campaigns.
• Support the development of loyalty programs or incentives that encourage higher spend and retention.

Compliance and Risk Management

• Collaborate with Legal and Compliance teams to ensure credit offerings adhere to relevant regulations, including NCR requirements.
• Contribute to the creation and monitoring of operational and financial controls for credit products.
• Maintain up-to-date knowledge of regulatory changes within the credit landscape.

Project Leadership

• Drive projects focused on improving credit product performance and process efficiencies.
• Support the integration of new technologies and platforms, ensuring alignment with strategic objectives and compliance standards.
• Lead initiatives to enhance customer onboarding experiences and streamline credit approval processes.

Market Analysis and Insights

• Conduct market research to identify trends, opportunities, and risks in the retail credit space.
• Provide insights to the Commercial Manager and other stakeholders to guide decision-making and strategic planning.

Qualifications

Skills & Requirements

• Educational Background: Bachelor’s degree in finance or a related field. CA(SA), CIMA, CFA or equivalent qualification is advantageous.
• Industry Experience: Minimum 3 years’ experience in financial services, with a focus on retail credit or banking. 
• Technical Proficiency: Advanced Microsoft Office skills (Excel, Word, PowerPoint). Experience with BI tools and financial modeling.

Core Competencies:

• Strong commercial acumen and analytical capabilities.
• Excellent communication and interpersonal skills.
• Proven ability to manage projects and deliver results in a fast-paced environment.
• Strong problem-solving skills and a proactive mindset.
• Regulatory Knowledge: Familiarity with NCR regulations and other relevant compliance standards.
• Customer-Centric Focus: Ability to understand customer behavior and develop strategies that improve profitability and engagement.