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Senior Data Analyst - FS Product Analytics

Internal use only - Grade F

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.

As a Retail Financial Services provider, we are revolutionising the way we offer Credit to our consumers. We want to enhance the breadth and scale of our FS offer to grow our customer base through offering new, flexible ways to pay that are right for them and enables them to shop for the products they love. 

This is a hugely exciting time to be joining the FS Product team as we implement the FS Configuration Centre that is front and centre in delivering the business’ strategic objectives. We’re looking for a Product Manager to manage end-to-end delivery of our credit offer from strategy development, through to implementation, evaluation, and continual optimisation. You will be at the forefront of our approach to deliver on our goals of growing our customer base, driving retail sales and group value.

Key Responsibilities:

  • Production of appropriate periodic reporting on the performance of FS offers in support of retail trading. Including key retail metrics, FS measures and new customers. The production of these reports will inform the team on the performance of credit offers and influence decisions about the future application. 
  • Using this data, you will engage with the wider credit product and marketing team in the development of new credit offer strategies to support retail trading, the FS P&L and to inform decision making. This will include presenting recommendations on the direction for future testing to Senior Product Manager and Head of FS Product 
  • Develop and undertake testing of new strategies and customer offers and making recommendations for the implementation of any new offers, ensuring the commercial viability of customer offers. 
  • Identifying areas for continuous business improvement within the FS offer process. Making recommendations for implementation following modelling of impacts to support strategic decisions 

About you

We love what we do, and we know when we have great working relationships, we’re unbeatable. Passion and pride in your work and a natural desire to connect, collaborate and be a team player are a must. Innovation is also key, we can always improve and you will be expected to generate ideas and identify commercial opportunities and work cross-functionally with internal teams and our 3rd party partners to bring them to life. 

We are seeking passionate, ambitious individuals who also have the below skillset: 

  • Good communication and presentation skills with the ability to articulate often complex analysis to colleagues with little or no FS experience. 
  • Good knowledge of Teradata / SAS / SQL 
  • Ability to take a logical and analytical approach 
  • Highly numerate with the ability to present findings and influence actions taken 
  • Business or Finance degree or equivalent 
  • Retail / Financial Services experience 
  • Self-starting individual, naturally inquisitive with a keen eye for detail. 

Some of our benefits

  • £1,000 flexible benefits allowance to suit your needs
  • 30 days holiday + bank holidays
  • Udemy learning access
  • Up to 25% discount on Very.co.uk

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 for this position:

1st stage - An informal 30-45 minute video call with the hiring team to discuss your skills and relevant experience. This is a great opportunity to find out more about the role and to ask any questions you may have.

2nd Stage – A one-hour formal interview where you can expect both competency and technical questions.

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.


Average salary estimate

$57500 / YEARLY (est.)
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$50000K
$65000K

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What You Should Know About Senior Data Analyst - FS Product Analytics, The Very Group

Are you passionate about data and its power to shape strategic decisions? We're the Very Group, and we're on the lookout for a Senior Data Analyst - FS Product Analytics to join our Retail Financial Services team. In this role, you’ll dive into fascinating data, generating insights that will drive our credit offers and ensure we’re meeting the needs of our customers. Imagine the thrill of analyzing performance metrics, collaborating with brilliant minds, and helping to shape the future of our flexible payment solutions. You'll be at the forefront, using advanced analytical tools like Teradata and SQL to assess how our financial services offerings perform, and you’ll have the opportunity to present your findings to key stakeholders, influencing future strategies. We believe in the power of teamwork and innovation, so you will work closely with various teams, contributing ideas that not only enhance our customer experience but also support our overall business objectives. Here at the Very Group, we have a welcoming vibe that promotes collaboration and creativity. Not only will you contribute to exciting projects that redefine retail finance in the UK, but you'll also enjoy a fantastic range of benefits, including flexible working options, learning opportunities, and a strong focus on your well-being. If you're a self-starter with a logical mindset and a knack for turning data into action, we'd love to hear from you. Come and grow your career with us, where the opportunities to excel are truly limitless!

Frequently Asked Questions (FAQs) for Senior Data Analyst - FS Product Analytics Role at The Very Group
What does a Senior Data Analyst - FS Product Analytics do at The Very Group?

As a Senior Data Analyst - FS Product Analytics at The Very Group, you will engage in deep data analysis to help inform and shape our financial service products. Your role will involve creating performance reports, presenting insights on credit performance, and making strategic recommendations to enhance customer offerings. You’ll basically be the compass guiding our credit offers!

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What skills are needed for the Senior Data Analyst - FS Product Analytics role at The Very Group?

To thrive as a Senior Data Analyst - FS Product Analytics at The Very Group, you should have strong analytical skills, proficiency in data analysis tools like Teradata and SQL, and an ability to present complex data clearly. Experience in retail or financial services and a degree in business or finance can also give you an edge. Being a great communicator and a team player is crucial, too!

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What benefits does The Very Group offer for the Senior Data Analyst - FS Product Analytics position?

The Very Group values its employees and offers a flexible, hybrid working model, generous holiday entitlement, learning access through Udemy, and a £1,000 flexible benefits allowance. You can also enjoy up to a 25% discount on Very.co.uk purchases and a matched pension plan, making it a great place to grow your career while enjoying excellent perks.

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How does the Senior Data Analyst - FS Product Analytics contribute to business decisions at The Very Group?

Your insights as a Senior Data Analyst - FS Product Analytics directly impact decision-making at The Very Group. Your periodic reports on the performance of financial service offers will inform strategic directions and help identify areas for improvement, ultimately making a tangible difference to retail performance and customer satisfaction.

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What is the work culture like for the Senior Data Analyst - FS Product Analytics at The Very Group?

At The Very Group, the work culture is inclusive, collaborative, and innovative. Employees are encouraged to share their ideas and work together across departments. The team values personal connections, and the leadership actively promotes an environment where everyone feels their contributions matter.

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What types of projects will the Senior Data Analyst - FS Product Analytics work on at The Very Group?

In the Senior Data Analyst - FS Product Analytics position at The Very Group, you will work on projects that involve developing new credit strategies, optimizing offers, and conducting detailed evaluations of existing products. You will engage in testing initiatives aimed at improving our understanding of customer needs and preferences.

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What is the application process for the Senior Data Analyst - FS Product Analytics role at The Very Group?

The application process for the Senior Data Analyst - FS Product Analytics role at The Very Group typically includes a tailored two-stage interview format. Initially, candidates will have an informal video call to discuss their skills and experience, followed by a more formal interview that includes competency and technical questions.

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Common Interview Questions for Senior Data Analyst - FS Product Analytics
How do you approach data analysis for financial service products?

When I approach data analysis for financial service products, I first ensure I clearly understand the objectives and metrics of success. I use tools like SQL to extract relevant data, and then employ analytical frameworks to identify trends and insights that can inform strategic decisions. Presenting my findings in a logical and engaging manner is key to influencer stakeholder actions.

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Can you provide an example of a successful project as a Senior Data Analyst?

Certainly! In my previous role, I led a project to evaluate the performance of a new credit offer. By analyzing customer engagement data and sales metrics, I identified crucial adjustments that needed to be made. After presenting these findings, we implemented changes that resulted in a 20% increase in customer uptake.

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How do you ensure your reports are understandable to non-analytical team members?

To ensure my reports are understandable to non-analytical team members, I focus on clarity and simplicity in my language, using visuals wherever possible. Additionally, I provide context by breaking down complex information into digestible segments and highlighting key takeaways that are relevant to their work.

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What experience do you have with Teradata and SQL?

I have extensive experience with both Teradata and SQL, as they are integral to my day-to-day tasks. I use SQL to query databases for specific data sets required for analysis. My familiarity with Teradata allows me to efficiently manage large data volumes and perform complex data manipulations.

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How do you stay updated on industry trends related to financial services?

I stay updated on industry trends by engaging with professional communities, reading industry publications, and participating in webinars and workshops. Being proactive about learning helps me identify emerging trends that could benefit our strategies at The Very Group.

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Describe a time when you had to collaborate with a cross-functional team. What was the outcome?

In a previous role, I worked with a marketing team to develop a targeted campaign based on data insights I provided. By collaborating closely, we created a successful strategy that boosted customer engagement and significantly improved our credit offer’s uptake.

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What is your process for identifying areas of improvement in financial products?

My process for identifying areas of improvement begins with thorough performance analysis using key metrics. I analyze customer feedback and competitive offerings and then present my findings to key stakeholders, recommending targeted actions that align with broader business goals.

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How would you handle conflicting priorities in a fast-paced environment?

In a fast-paced environment, prioritization is key. I assess the urgency and impact of tasks, communicating with stakeholders to understand their needs. Utilizing project management tools helps me keep track of deadlines and allows me to remain focused while ensuring alignment with team goals.

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What role does customer feedback play in your analytical approach?

Customer feedback plays a crucial role in my analytical approach, as it provides qualitative insight that complements quantitative data. I consider feedback when analyzing product performance, aiming to align our offerings with customer expectations and preferences.

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Explain how you view the importance of analytics in driving business decisions at The Very Group.

I see analytics as the backbone of informed decision-making at The Very Group. Through comprehensive analysis, we can uncover insights that lead to effective strategies, optimize our financial services offerings, and ultimately enhance the customer experience, which is fundamental in retaining and expanding our customer base.

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Shop Very for women's, men's and kids fashion plus furniture, homewares and electricals. Free next day delivery on 1000's of products and affordable ways to pay

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Full-time, hybrid
DATE POSTED
November 24, 2024

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