SCUK Pricing and Commissions Analyst (12 Month FTC)

Country: United Kingdom

Santander Consumer Finance UK (SCUK) is based in Redhill, Surrey, and provides motor finance to a network of car dealerships throughout the United Kingdom. We are currently looking for a Pricing & Commission Analyst to join the Finance team on a 12 Month Fixed Term Contract in a hybrid role which requires you to work at least 3 days a week in the office. Remote workers will not be considered.

In this busy role you will be a Subject Matter Expert on commissions, performing financial reconciliations of dealer balances to FIBA and support the wider business with expert knowledge on commissions.  You will also provide support to key areas currently covered by the Pricing and Commissions Department such as Commissions, Pricing, MI and Commercial Debt Recovery.

Responsibilities will include:

Commercial Debt Recovery

• Extracting and reconciling correct dealer statements to evidence amounts being requested in the letter
• Assisting with sending letters to dealers
• Deputising for Commercial Recoveries Manager as required, particularly monitoring and working the shared inbox
• Liaising with Commercial Team to provide further information about dealer debit backs
• Performing debit back adjustments in the event of errors, using monthly reports and BI reporting as appropriate
• Escalating issues to Commercial Recoveries Manager and Pricing Manager as required
• Chasing dealers for outstanding volume bonus balances and maintaining a tracker
• Ad hoc tasks as determined by the Commercial Recoveries Manager

Commissions Accounts

• Processing commission and dealer performance bonus payments in accordance with dealer Operating Agreements
• Ensuring monthly DPB reports are correct and distributed for approval on a timely basis
• Obtaining the correct approvals for DPB payments and ensuring evidence is captured
• Ensuring approvals for DPB are escalated as required in the event of metrics not being met
• Performing subsidy refunds and commission adjustments as required in line with correct governance and controls

Quality Control

• Perform Line 1 Quality Assurance checks to ensure that commissions are correct on the system and escalate where applicable
• Act as a respondent for internal and external audit, providing technical guidance as required

Finance Control

• Producing technical calculation documents for customers including Early Settlement breakdowns and amortisation statements, as well as validating partial settlement calculation

Continuous Improvement

• Identify process improvements and implement solutions

Training

• Maintain and enhance existing knowledge to ensure completion of tasks to the highest level
• Support with delivery of training for new starters or furthering knowledge within the team
• Involve the team in the development of ideas to improve business performance/best practices

What we’re looking for someone who has:

• Excellent MS Office skills, especially Excel
• The ability to work Independently and effectively with minimal guidance
• Strong organisation skills and who can meet deadlines/prioritise work
• The ability to work to tight deadlines and well under pressure
• Attention to detail
• A proactive attitude, who is self-motivated, task-focused and has initiative
• Work experience in the Motor Finance sector (desirable – not essential)
• Work experience performing reconciliations (desirable – not essential)

We have a range of benefits available which include:

• A 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, leisure centres etc

Other things you need to know:

The working hours for this post are 35 hours per week across Monday – Friday, 9.00am – 5.00 pm with some occasional unsociable hours

Inclusion

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed.  We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

At Santander Consumer Finance we have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind.

Should you want to be considered for part time hours, please let us know and we can assess your requirements.

What are the next steps:

If you are interested in this role and believe you have the skills, experience, and knowledge then we’d love to hear from you. Please go ahead and click apply which will take you through some questions and allow you to submit your CV and covering letter.