Procurement Analyst at The Very Group

Internal use only - Grade G

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.

Role Purpose

Responsible for procurement and contracting across all areas of the business in order to create best in class partnerships and best in cost commercials, which drive growth and provide value for the whole of the business and our customers.

Strengthening the effectiveness of the EP&P Team by creating and maintaining robust knowledge management and reporting to help the EP&P leadership and the team make data driven decisions.

About the Role

• In-directly servicing customers through sourcing and management of partners who provide services that are integral and critical to the customer journey and to customer service.
• Group wide strategic sourcing of non-merchandise suppliers to deliver the business requirements whilst achieving the lowest cost-to-serve and ensuring an acceptable level of risk. Directly responsible for ensuring the services delivered meet business requirements and the commercial agreements are within budget and cash forecasts.
• Individual performance results in providing the essential third party tools, services and capability required for customers, colleagues and other teams across the whole business
• Negotiation of individual contracts which range in value from £1K to £1M.

Key Responsibilities

Execute effective low value procurement by :

• Working with budget holders and other colleagues to agree specifications for goods and services. developing innovative but sustainable ways in which to procure these at total lowest costs, protecting cash and offering best value to the organisation on an ongoing basis.
• Negotiating costs, payments, terms and conditions, rate cards, service catalogues, service level agreements and service credits in line with targets.
• Defining technical contract requirements and working with Legal to draft simple agreements.
• Ensuring the services and contracts are in line with any regulatory, data governance and technology security requirements.
• Engaging and updating key Stakeholders throughout the process so we ensure negotiations meet their requirements, advise them of the best deal structure ,and expedite the final approval process.
• Ensuring any third party agreements enable and encourage suppliers to deliver services to the highest standards and allow them to grow services where mutually beneficial, whilst giving The Very Group the appropriate amount of protection and risk mitigation.

Support finance and other business functions through :

• Working with the extended EP&P team and budget holders to identify non-valued added contracts and take action to withdraw from such contracts in line with business requirements. negotiating termination of contracts minimising cost and litigation risk for the company.
• Ensuring negotiations aim to meet the commercial targets, designed to benefit cost and cash, as set out by the Head of External Partnerships & Procurement.
• Ensuring the proper escalations occur if these targets are not met.

Provide support to the External Partnering & Procurement team and the rest of the business by

• Completing contract approval forms and executive summaries
• Maintaining any commercial catalogues
• Maintaining the Contracting Databases.
• Completing new supplier set up.
• Assisting with any Legal team queries.

Contribute to the seamless operation of the EP&P team by.

• Collating and reporting on performance to targets and service levels
• Producing regular reports on cost and cash savings
• Producing regular reports on supplier payment terms
• Producing regular reports on the status of initiatives

About you

• Strong data interpretation and analytical skills
• Excellent technical and PC skills (Excel & Powerpoint) Jira
• Excellent communication, presentation, explanation and influencing skills
• Ability to work under pressure to tight deadlines
• Ability to manage a fluid workload and multiple projects simultaneously
• Self-motivated and pro-active approach
• Relationship and Stakeholder Management
• Commercially astute
• Ability to work in an agile, cross-functional environment
• Interest in embarking on a career in Procurement and a desire to
• Come cost and cash control competencies
• Commercially astute.
• Comfortable operating in an agile fast-paced environment, comfortable adapting to a rapidly changing environment both internally and externally

Some of our benefits

• Flexible, hybrid working model
• Inclusive culture and environment, check out our Glassdoor reviews

• £250 flexible benefits allowance to suit your needs
• 27 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 one-stage interview process for this position:

1st Stage - A one-hour formal interview where you can expect both competency and technical questions.

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.