Product Portfolio Manager

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Date: May 11, 2022

Location: Budapest, HU, H-1103

Company: Wizz Air Hungary Ltd.

 

 

WELCOME TO THE WORLD OF OPPORTUNITY!

 

Wizz Air, the fastest growing European low-cost airline, operates a fleet of 145 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 10.2 million passengers in the financial year ending 31 March 2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, and a most sustainable company in the airline industry in 2021 by World Finance Magazine.

 

JOB TITLE: Product Portfolio Manager 

BASE: BUD - Office  

 

 

Purpose of the position:

 

The Product Portfolio Manager will play a key role in defining the strategy, optimization and management of the ancillary (non-ticket) portfolio consisting of multiple core, partner and value-added products. She/he will be responsible for generating incremental ancillary revenue, a very significant and growing source of income for Wizz Air. The Product Portfolio Manager will report to the Senior Manager Ancillary Revenue within the Commercial organization.

 

Responsibilities:

 

  • Managing the portfolio of ancillary streams, such as products and services, offered by Wizz Air and its partners.
  • Analyzing and rigorously understanding each product definition, complexity and touchpoint performance with the goal of defining and implementing actions for continuous performance improvement.
  • Implementation and impact measurement of digital optimizations on all channels, in cooperation with the Digital development team.
  • Definition, value estimation and prioritization of the digital development backlog, in cooperation with the Digital Revenue Product Manager.
  • Exploring business and consumer behavior trends, analyzing profitability and building recommendations for senior management.
  • Managing implementation of internal projects for existing ancillary revenue enhancements of WIZZ products and partners (improvements of sales coverage, better conversion, enhancement in collection rates and increase in unit revenue).
  • Daily performance monitoring of each product in the portfolio and ensuring performance is in line or exceeds the budget.
  • Monthly benchmarking of competitor ancillary service offers and fee levels.
  • Taking responsibility and managing key partnerships accounts:
  • managing tenders, partner selection and contracting,
  • maintaining relationship with partner account managers,
  • monitoring of financial performance,
  • supervising of invoicing/payables/receivables,
  • continuously identifying improvement opportunities for each partnership.
  • Working with the team to constantly improve sales conversion rates and drive ancillary unit revenue improvement.
  • Managing full product development process from concept definition, to business case preparation and project management of implementation.
  • Identifying new partner ancillary revenue opportunities, defining business cases, negotiating commercial terms and managing cross-functional implementation of the identified partners.
  • Working together with Marketing team on product marketing and Operations team on cost saving opportunities.
  • Defining and improving cross-functional processes with the aim of maximizing ancillary revenue and customer convenience.
  • Identifying new industry trends and technological innovations with the aim of potentially integrating them into the business.
  • Participating and representing Ancillary Revenue Team in cross-functional projects, as delegated.

 

 

Requirements:

 

  • Dedication, positivity, integrity and inclusivity
  • College or university degree, preferably in Digital, Economics or Marketing
  • 3-5 years’ experience in a multinational environment, preferably in creative business development role or aviation
  • E-commerce and digital development understanding
  • Strong interpersonal and persuasion skills, ability to negotiate
  • Solid project management skills
  • Business and product development mindset
  • Strong sense of business ownership and accountability for own portfolio
  • Drive to learn and improve professionally
  • Solid analytical, numerical and problem solving skills
  • Strong presentation skills
  • Advanced level of EXCEL and Power Point
  • Fluent English (both verbal and written)
  • Ability to live and work in Budapest, Hungary

 

Working Conditions: work is performed both in office environments, outdoors, and will occasionally be performed at dangerous work areas (including but not limited to airside territories of airports, hangars, maintenance warehouses, on board of aircrafts, IT server rooms …). Employee may occasionally for shorter periods be exposed to chemicals/hazardous substances (toner ink, aviation fuel and other fluids), working in front of a monitor, loud noise, heat, cold, vibration, slips, trips and falls, electricity, sharp objects, machines at work.

 

Work time: full time position

 

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