About us.

We’re the team behind digital retailer Very.

Our purpose, helping families get more out of life, powers everything we do.

And we want our people to get more out of life too! If you’re high-performing, ambitious and make the most of every opportunity, we want to hear from you. In return, you’ll enjoy heaps of flexibility, great perks and benefits, and the freedom to be yourself, keep learning and take your career wherever you want it to go.

If you love making a difference, you’ll love making it sparkle for millions of Very customers. ✨

About the role

Responsible for assisting the Treasurer in providing a full treasury service to Shop Direct Finance Company (SDFC) and the wider Group, ensuring effective management of funding, cash flows, customer payments, and associated relationships to support the financial health and operational efficiency of the business.

Key Responsibilities

Securitisation:

• Support the Treasurer in managing the £1.7 billion securitisation structure, including liaison with six funding banks.
• Assist with Rating Agency reviews, annual due diligence, external audits, legal documentation, and internal audits.
• Produce General Ledger postings and management accounts reports for the securitisation structure.
• Support Finance in preparing statutory accounts for the securitisation entity and SDFC. Cash Management and Reporting:
• Maintain control over all company bank accounts and ensure secure, accurate processing of payments.
• Produce daily cash flow reports for the Executive Committee and Shareholder Executives.
• Calculate daily cash positions and analyse cash movements for SDFC.
• Manage SDFC cash deposits using appropriate investment products.
• Administer and execute ad-hoc payments, including inter-company, external, and confidential payments.
• Prepare daily cash forecasts, interest charge forecasts, and securitisation structure forecasts.

Customer Payments:

• Manage customer payment processes, including contractual relationships and cost analysis.
• Act as the primary contact for internal and external stakeholders regarding customer payments.
• Lead tendering processes for payment-related costs and ensure PCI compliance.

Interest Costs:

• Minimise interest costs through effective yield and maturity selection and interest rate hedging strategies.
• Analyse and report on interest charges in management accounts.

Third-Party Relationships:

• Act as SME and operational lead for banking operations, including BACS facilities, Direct Debit setups, and online banking systems.
• Manage relationships with banks and third-party providers, including fraud prevention and operational queries.
• Oversee the opening/closing of bank accounts and amendments to bank mandates.
• Strategic Support:
• Provide financial analysis and SME input for strategic initiatives, including “World Class” projects and Skunkworks. ·
• Represent The Very Group externally for PCI compliance and customer payment processing.

About you

• MCT or CCAB qualification with post-qualification experience in Treasury.
• Detailed working knowledge of securitisation structures.
• Advanced computer literacy, including proficiency in Word and Excel.
• Strong commercial awareness and understanding of financial services products.
• In-depth knowledge of banking operations and individual Group business strategies.
• Relationship management and negotiation skills.
• Strong decision-making and problem-solving abilities.
• Analytical mindset with attention to detail.
• Ability to work under pressure and meet deadlines.
• Excellent communication skills (written and oral).
• Initiative and influencing skills to drive strategic outcomes.
• Project management expertise.

Benefits

• Inclusive culture and environment, check out our Glassdoor reviews
• £1000 flexible benefits allowance to suit your needs
• 30 days holiday + bank holidays
• Udemy learning access
• Bonus potential (performance and business-related)
• Up to 25% discount on Very.co.uk

• Matched pension up to 6%
• More benefits can be found on our career site

How to apply

Please note that the talent acquisition team are managing this vacancy directly, and if successful in securing this role, you will be required to undertake a credit, CIFAS, Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken, including any unspent criminal convictions.

What happens next?

Our talent acquisition team will be in touch if you’re successful so keep an eye on your emails! We’ll arrange a short call to learn more about you, as well as answer any questions you have. If it feels like we’re a good match, we’ll share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely.

You can expect a two stage interview process after meeting the TA team,

First stage – A one-hour MS Teams call with the Hiring Team

Second Stage - Final Interview face to face interview with a Senior Stakeholder within the Team.

As an inclusive employer please do let us know if you require any reasonable adjustments.

If you'd like to know more about our interviews, you can find out here.

Diversity, inclusion and equal opportunities

We’re building a culture of everyday inclusion, and welcome applications from anyone who believes they can do the job. We don’t discriminate based on age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation.

We want our recruitment process to be accessible to everyone. If you need reasonable adjustments to apply, interview, or perform a role, let us know via talentacquisition@theverygroup.com. We’ll be happy to support you.

We’re proud to be a Disability Confident Committed Employer and have nine brilliant colleague networks - including DAWN (Disability Awareness at Very) and Think (Neurodiversity at Very) - that are helping us make Very an even more inclusive place to work.

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