We have an exciting opportunity for a Head of Commercial Development to join us on a 9 month fixed term basis to cover maternity leave. The role will start remotely with the opportunity to work between our offices in London Bridge, Streatham and remotely as we move to a hybrid model of working.
PRS for Music has been at the heart of the music business since 1914, representing our membership of 150,000 songwriters, composers, and publishers. We pay royalties to our members when their musical works are performed, broadcast, streamed, or used in film and TV. We also work on impacting the music industry through collaborations, digital developments, influencing legislation and supporting new musical talent for the future.
About the Role
The Head of Commercial Development will lead the development of new and refreshed simplified and standardised products and services, from idea to launch, which deliver sustainable revenue growth for PRS for Music members.
You will be responsible for the delivery of strategies to sustainably increase PRS for Music member income through:
- development of new products and services
- renegotiation of existing price structures with key markets (e.g. broadcast, digital and live events), trade bodies and customers and
- addressing competitive threats from new market entrants and disrupting events
- Work collaboratively with Commercial peers to ensure consistency between bespoke, negotiated agreements and standard product offerings.
- The subject matter expert for all tariffs, licensing approaches and discretionary charging policies utilised by PRS for Music to deliver royalty revenue for members.
- Lead commercial negotiations with new counterparties and onboard them as partners: creating strategy, sourcing opportunities, commissioning analysis and negotiating ‘win-win’ deals.
- Responsible for the formulation of Board and Committee update and approval papers for new initiatives or changes to existing schemes or tariffs.
- Leading an engaged team to deliver development initiatives and strategies to diversify and grow income to help strengthen PRS for Music’s business model.
- Ownership of the development and maintenance of relationships with external bodies representing user groups of PRS for Music repertoire.
- Continually cultivate knowledge of global collective rights management commercial best practice and developments in technology and related industries; utilising the knowledge and understanding of successful practices to direct, guide and support PRS for Music’s strategic partnerships to build and deliver winning growth strategies to remain at the forefront of global music licensing advances.
The successful candidate will have/be:
- Current and detailed knowledge of relevant external markets and the way in which these are developing, along with an understanding of what opportunities they might provide to PRS.
- Understanding of the various rights PRS for Music is able to license or obtain, and how these can be leveraged effectively to drive value in the business.
- Deep knowledge of licensing tariffs, schemes and bespoke arrangements along with background understanding to their historic development, specifically, the key issues considered by the relevant stakeholders during the development and approval process.
- Sales and business development experience, having held a leading role in growing the revenue of a business which included the creation and launch of new products and services.
- Have planned, lead and prioritised projects effectively to ensure that business-critical initiatives were delivered on time and to an acceptable return on investment.
- Proven experience in dealing with customers/users and establishing long term client relationships demonstrating the use of excellent inter-personal skills.
- Strong working experience of building product or service solutions, taking those to market and working with frontline teams to build enthusiasm before launch.
- Highly output orientated with excellent leadership skills.
- Strong data analysis skills and expertise in data driven decision making.
We have worked hard at PRS for Music to create a culture where each colleague can bring their true selves to work and thrive.
We want you to have the work/life balance you need, so our flexible working approach covers both location and hours. You can work with your manager to find the hours that work best for you, as long as you are available for meetings when needed. We even provide the opportunity twice a year to work remotely, for up to a month at a time, in the UK or abroad.
We love music and host events so we can socialise as a team and share our passion. From our legendary Christmas Gig and PRS Presents to quizzes, drag queen bingo, comedy nights and team socials. Wellbeing is high on our agenda with a full programme of events, webinars, and initiatives, plus a team of Mental Health First Aiders to ensure we are happy, healthy and engaged.
Does this sound like you? If so, we would love to hear from you – apply now and send your CV & Covering Letter to [email protected]
Covid-19 Recruitment Statement
PRS For Music is continuing to follow the Government recommendation in light of COVID -19 to ensure the safety and wellbeing of our staff, members and candidates.
Our focus is to provide our members with the best service and support, and therefore we remain focused on our resourcing strategy and continue to encourage applications for advertised roles.
We are transitioning back to a hybrid model of working across the organisation including in our recruitment process.
Whilst our first stage interviews will take place remotely, we want you to experience the culture and working environment at PRS for Music. Therefore, once opened, our new Central London Hub, based in London Bridge will be used for second stage interviews.
We are committed to only recruit for vacancies that are essential to the livelihood and continued service to our members.
Please note: That due to the high volume of applications we receive, we are unable to give feedback to all candidates at shortlisting stage. If you have not heard from us within 6 weeks of your application, please assume you have been unsuccessful.