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Director of Commercial Operations (Hybrid)

Company Description

Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets.

Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 600 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Finland and beyond. 

Job Description

Fastmarkets seeks a dynamic and strategic Director of Commercial Operations to drive the execution of our ambitious growth strategy in partnership with the Chief Revenue Officer (CRO). This role is pivotal in transforming our commercial operations, optimizing performance, and enhancing revenue generation across all commercial activities. 

As a key leader in our organization, you will develop and implement a comprehensive commercial transformation strategy, focusing on improving processes, systems, and organizational design to achieve our revenue and profitability targets. You will align commercial operations with broader business growth objectives, acting as a change agent to foster innovation and operational excellence. 

The ideal candidate is a seasoned leader with expertise in commercial strategy, sales operations, and process optimization within B2B environments. Experience in Private Equity-backed organizations is highly desirable. 

This role reports directly to the Chief Revenue Officer and will operate as their second in command in transformation, M&A diligence and execution as well as commercial strategy and go-to-market.

Key Responsibilities:

Revenue Growth and Commercial Excellence

  • Drive adoption of strategic sales initiatives to maximize revenue growth. 
  • Collaborate with Sales Directors to expand client accounts and increase revenue through upselling and cross-selling. 
  • Oversee quarterly business reviews, target setting, territory planning, budget allocation, and performance forecasting. 

Commercial Transformation

  • Lead the execution of commercial transformation strategies, focusing on achieving revenue, customer retention, and market penetration goals. 
  • Implement and embed new sales rhythms, including territory planning, account planning, quarterly reviews, and forecast submissions. 
  • Foster cross-functional collaboration across client services, marketing, product, technology, and editorial teams to enhance commercial outcomes. 

Data-Driven Decision Making

  • Leverage the Revenue Operations team to provide actionable, data-led insights for sales strategy and target setting. 
  • Analyse sales data to inform strategic decisions, improve performance, and optimize resource allocation. 

Cross-Functional Collaboration

  • Align commercial transformation initiatives with sales leadership to ensure cohesive execution of the business strategy. 
  • Collaborate with finance and Sales Directors to develop financial forecasts, set commercial targets, and track progress. 

Change Management and Performance Optimization

  • Drive change management initiatives to ensure seamless transitions to new processes, systems, and ways of working. 
  • Establish performance metrics and dashboards to monitor the effectiveness of commercial strategies and transformation efforts. 

Customer Retention and Experience

  • Partner with customer success and support teams to enhance customer satisfaction, reduce churn, and improve retention metrics. 
  • Identify and address pain points in the customer journey to optimize overall client experience. 

Reporting and Stakeholder Engagement

  • Prepare and present performance updates to senior leadership and shareholders, highlighting commercial outcomes and growth opportunities. 
  • Lead commercial readiness efforts for business exit strategies, crafting a compelling sales narrative and outlining future growth potential. 

Qualifications

Proven Track Record: Demonstrated success in driving revenue growth, executing commercial transformations, and delivering measurable business impact. 

Strategic Leadership: Strong strategic thinking with the ability to develop and implement actionable plans. 

Change Management Expertise: Experience leading successful change initiatives across complex organizations. 

Data-Driven Decision Making: Strong analytical skills with a focus on data-led strategies and insights. 

Commercial Acumen: Deep understanding of B2B subscription models and professional risk analytics (PRA) markets. 

Private Equity Experience: Prior experience in Private Equity-backed organizations is highly desirable. 

Core Competencies:

  • Exceptional leadership, team-building, and interpersonal skills. 
  • Strong communication, negotiation, and presentation abilities, including experience with senior leadership and shareholder reporting. 
  • Adaptability and resilience in a high-growth, fast-paced environment. 

Additional Information

Our Values

Fastmarkets people come from all different walks of life. It’s this mix of brilliant personalities, experiences and insights that gives us that warm, open, and friendly culture you can feel as soon as you meet us. But however wonderfully different we all are, there are six things we all have in common – and they form our Fastmarkets values.

Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they're embedded in everything we do. Our values are:

  • METRICS DRIVEN. We use insights to improve our customers’ experience and our business performance
  •  
  • ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done
  •  
  • GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency
  •  
  • INCLUSIVE. We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.
     
  • CUSTOMER CENTRIC. We are customer-centric in all that we do
     
  • COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

You’ve read a little about us – now it’s over to you!

If you like what you’ve read so far and think you can see yourself as a Fastmarkets person, it’s time to fill in your application form. This form is an important part of the selection process: it’s used to determine whether or not you’ll be chosen to have an interview and acts as a basis for the questions we’ll ask you on the day.

It’s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you’re great.

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What You Should Know About Director of Commercial Operations (Hybrid), Fastmarkets

At Fastmarkets, we're on the lookout for an exceptional Director of Commercial Operations to join our dynamic team in London. This hybrid position is essential in steering our commercial strategies and maximizing revenue growth in alignment with our ambitious objectives. As the Director of Commercial Operations, you'll be collaborating closely with our Chief Revenue Officer, effectively acting as their right-hand person in instigating change across various operational fronts. You’ll lead the charge in developing a comprehensive strategy geared toward our commercial transformation, which means enhancing processes, systems, and overall organizational design to achieve our profitability targets. We’re all about data-driven decision-making, and you'll leverage the Revenue Operations team to help turn insights into actionable strategies that help us grow. Your responsibilities will include driving sales initiatives, optimizing performance through collaboration, and fostering an amazing customer experience. We value exceptional leadership, strategic thinking, and a knack for navigating change, especially in the fast-paced B2B environment. If you have experience in Private Equity-backed organizations and a proven record of executing commercial transformations, you might just be the person we're searching for! Join us at Fastmarkets, where our values of inclusivity, accountability, and a growth mindset form the very core of our vibrant environment. We can't wait to meet you and see what amazing contributions you'll bring to our journey toward success!

Frequently Asked Questions (FAQs) for Director of Commercial Operations (Hybrid) Role at Fastmarkets
What responsibilities does a Director of Commercial Operations at Fastmarkets have?

The Director of Commercial Operations at Fastmarkets plays a crucial role in driving revenue growth and optimizing performance. This position involves developing and implementing a comprehensive commercial transformation strategy, collaborating with sales teams, and leading initiatives that enhance client satisfaction and retention. This role is pivotal in aligning commercial operations with the company's overall growth objectives.

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What qualifications are needed for the Director of Commercial Operations role at Fastmarkets?

Candidates applying for the Director of Commercial Operations role at Fastmarkets should possess a proven track record of driving revenue growth in B2B environments. Strong strategic leadership skills, a deep understanding of commercial operations, and prior experience in Private Equity-backed organizations are desirable. Additionally, exceptional communication skills and a knack for data-driven decision-making are essential.

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What can I expect from the company culture at Fastmarkets as a Director of Commercial Operations?

Fastmarkets prides itself on having a warm and inclusive culture enriched by diverse personalities and experiences. As a Director of Commercial Operations, you'll benefit from a collaborative environment that values accountability, a growth mindset, and a customer-centric approach. These values are embedded in everything we do, making it a supportive space for innovation and success.

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How does the Director of Commercial Operations contribute to strategic initiatives at Fastmarkets?

The Director of Commercial Operations at Fastmarkets will lead the execution of commercial transformation strategies and drive strategic sales initiatives that maximize revenue growth. This position is crucial for aligning initiatives with broader business growth objectives and ensuring cohesive execution across departments. Your leadership will guide the business toward successful operational outcomes and market penetration.

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What does success look like for a Director of Commercial Operations at Fastmarkets?

Success for the Director of Commercial Operations at Fastmarkets is measured through the effective execution of commercial strategies that result in measurable revenue growth and improved customer retention. This role hinges on your ability to foster cross-functional collaboration and enhance operational efficiencies, ultimately driving the overall growth narrative of the company.

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Common Interview Questions for Director of Commercial Operations (Hybrid)
Can you describe your experience with commercial transformation initiatives?

When answering this question, highlight specific examples where you successfully led or contributed to commercial transformation strategies. Discuss the challenges faced, the methodologies used, and the measurable impact of your initiatives on revenue and customer satisfaction.

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How do you prioritize tasks and projects as a Director of Commercial Operations?

It’s important to emphasize your strategic approach to prioritization. Discuss how you align project goals with company objectives and use data-driven insights to make informed decisions. Sharing examples of juggling multiple priorities effectively will reflect your organizational skills.

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What strategies do you implement to drive revenue growth?

Focus your answer on specific sales strategies you have successfully executed in the past. Discuss your experience collaborating with sales teams for upselling and cross-selling, as well as how you measure the effectiveness of these strategies.

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How would you handle resistance to change within a team?

Here, share your approach to change management. Discuss your strategies for building trust and facilitating open communication, as well as any specific processes you implement to guide teams through transitions successfully.

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What role does data play in your decision-making as a Director of Commercial Operations?

Emphasize your analytical skills and experience leveraging data to inform strategic decisions. Provide examples of how you have utilized data to optimize commercial operations and enhance revenue generation.

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Can you provide an example of a successful cross-functional collaboration?

Share a specific instance where you worked with other departments to achieve a common goal. Highlight your communication skills and ability to bring diverse teams together to drive commercial outcomes.

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What metrics do you consider most important for assessing commercial success?

Discuss various key performance indicators you have used to evaluate success in commercial operations. These could include revenue growth, customer retention rates, and sales cycle times, and explain why they are pertinent.

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How do you ensure alignment between sales and marketing strategies?

Explain your strategies for fostering collaboration between sales and marketing teams. Discuss methods for regular communication, shared goals, and joint planning sessions to ensure both departments work together towards achieving commercial objectives.

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What experience do you have in Private Equity-backed organizations?

Detail your experiences working in Private Equity-backed settings, including specific knowledge about unique challenges and opportunities that come with that environment. Emphasize your ability to navigate these complexities successfully.

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Describe how you would enhance the customer experience in a commercial role.

Illustrate your customer-centric approach by discussing strategies for identifying pain points in the customer journey. Provide ideas on how to implement improvements and measure their success in enhancing overall satisfaction and retention.

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Full-time, hybrid
DATE POSTED
January 10, 2025

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