Summary
Qiddiya Investment Company is hiring a Director, Loyalty Commercial in Riyadh to lead the loyalty program’s commercial strategy and performance. The role covers revenue growth, member acquisition and retention, partner development and negotiations, loyalty products, and program KPIs and P&L. It also works across functions to develop data-driven offers and improve member engagement, while leading the commercial team and ensuring governance compliance. Applicants should have a relevant bachelor’s degree, 10+ years of related experience, and at least 5 years in a leadership role; an MBA is preferred.
The posting
As published on qiddiya.com. Pulled from the employer's site and shown as they wrote it.
The Director, Loyalty Commercial is responsible for defining and executing the commercial strategy of the loyalty program to maximize customer lifetime value, member engagement, revenue generation, and partner participation. The role drives the commercial performance of the loyalty ecosystem by developing strategic partnerships, monetization opportunities, member acquisition initiatives, and data-driven loyalty propositions that support the organization's growth objectives.
Loyalty Commercial Strategy
- Develop and lead the commercial strategy for the loyalty program, ensuring alignment with business objectives and customer engagement goals.
- Identify and implement revenue-generating opportunities across the loyalty ecosystem.
- Establish long-term growth plans for loyalty membership, engagement, retention, and profitability.
- Drive innovation in loyalty products, rewards, benefits, and member experiences.
Partnership Management
- Build and manage strategic partnerships with external brands, retailers, financial institutions, travel operators, entertainment providers, and other relevant stakeholders.
- Negotiate commercial agreements and partnership contracts to maximize value for both members and the organization.
- Develop a robust coalition of partners that enhances member benefits and program attractiveness.
- Monitor partner performance and ensure delivery against agreed commercial targets.
Loyalty Economics & Commercial Performance
- Own loyalty program P&L and commercial performance metrics.
- Establish revenue, redemption, and customer engagement targets.
- Track and analyze program KPIs, including:
- Member acquisition and retention
- Active member rates
- Customer lifetime value
- Incremental revenue
- Redemption behavior
- Partner contribution
Customer & Market Insights
- Utilize customer data, market trends, and competitive intelligence to identify opportunities for growth and differentiation.
- Drive the development of personalized offers and targeted campaigns based on customer insights.
- Collaborate with analytics teams to measure program effectiveness and customer behavior.
Stakeholder Management
- Partner closely with Marketing, Digital, Customer Experience, Commercial, Finance, Data & Analytics, Retail, and Operations teams.
- Provide executive-level recommendations to senior leadership on loyalty performance and growth opportunities.
- Lead cross-functional initiatives that enhance customer engagement and loyalty program adoption.
Program Development & Innovation
- Oversee the design and launch of new loyalty products, earning and redemption mechanisms, tier structures, and member benefits.
- Evaluate emerging loyalty technologies and industry best practices.
- Champion digital transformation initiatives to improve loyalty program effectiveness and customer experience.
Leadership & Governance
- Lead and develop a high-performing loyalty commercial team.
- Ensure compliance with organizational governance, financial, and regulatory requirements.
- Establish performance objectives and provide coaching to team members.
Qualifications & Experience
- Bachelor's degree in Business Administration, Marketing, Finance, Economics, or a related field.
- Master's degree (MBA preferred).
- 10+ years of experience in loyalty, CRM, commercial strategy, customer engagement, partnerships, or related fields.
- Minimum 5 years in a leadership position managing commercial or loyalty functions.
- Experience within entertainment, tourism, hospitality, retail, aviation, financial services, or large consumer-focused organizations is highly desirable.