Deputy Group Treasurer

Internal use only – Grade B

About us.

We are The Very Group and we’re here to help families get more out of life. We know that our customers work hard for their families and have a lot to balance in their busy lives. That’s why we combine amazing brands and products with flexible payment options on Very.co.uk to help them say yes to the things they love.

We’re just as passionate about helping our people get more out of life too; building careers with real growth, a sense of purpose, belonging and wellbeing.

About the role

Reporting directly to the Group Treasurer, we are seeking a seasoned professional to lead a dedicated team of treasury senior managers. As Deputy Group Treasurer, you will play a crucial role in managing our bank funding lines, overseeing a substantial securitisation facility, and ensuring efficient operational cash management across the business.

In this hands-on position, your expertise in cash planning within a levered environment will be essential to navigate the significant cash seasonality we experience. Your ability to form strong relationships with both internal and external stakeholders will be key to driving success in this role.

As a vital member of our Senior Leadership Team, you will have the opportunity to interact regularly with the Executive Board, contributing to strategic decision-making and shaping the future of our organisation.

Key Responsibilities

• The Treasury team plays a vital role within the company, overseeing cash management, the securitisation facility, critical reporting, and financing activities for the Group.
• This role will lead a team of approximately 3-4 colleagues across various activities and functions, setting the culture, standards, and performance management routines for the team.
• Review the Group's cash strategy to ensure it aligns with current requirements and adheres to best practices.
• Identify and quantify interest rate risks, review market expectations, and assist in developing appropriate Group strategies.
• Manage the £1.6 billion securitisation facility, including monthly reporting and all aspects of forecasting and reporting management.
• Oversee the management of FX currency exposure, covering the Group's annual $250 million exposure. Assess the performance of these transactions against market benchmarks and advise the Group on hedging strategies.
• Interface with senior internal and external stakeholders, including the Board (including non-executives), with a focus on the Group audit and risk committee, the Treasury Committee, the banks financing the Group, and our audit partners.
• Provide agile and engaging leadership, interfacing with multiple finance and non-finance functions regarding seasonal cash management, and galvanizing them to navigate various cash changes with a solution-focused approach.

About you

• Experienced Treasurer with proven experience at a senior level across all key aspects of treasury management. Ideally, the candidate will have securitisation experience within a private equity background. Financial services experience is desirable but not essential.
• Qualified Accountant – ACA, ACCA or CIMA
• Demonstrates strong understanding of accounting standards, financial services products, securitisation, treasury products, and business modelling.
• Exhibits leadership at a senior level, commercial awareness, negotiation skills, relationship management, decision-making and problem-solving abilities, stakeholder management, and the ability to work under pressure and meet deadlines.

Benefits

• Inclusive culture and environment, check out our Glassdoor reviews
• £10,000 flexible benefits allowance to suit your needs
• 30days 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 foundon 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-hourMS 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 .

Equal opportunities

We’re an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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Salary: GBP 72000 - 100000 per year

Experience: 5 years required