Finance Manager - Control

This role sits within the UK control team, responsible for the periodic reporting for Tesco’s UK trading and non-trading entities. The successful candidate will be a self-starter with a technical mind-set and problem solving attitude, a confident communicator; able to explain complex concepts clearly and the ability to swap between getting in to the detail and standing back and reviewing. This is a high profile role, with significant interactions with senior stakeholders and is an excellent opportunity to build strong working relationships and develop technical skills.

You will be responsible for:

This role is pivotal in ensuring the timely and accurate closure of the UK period end, maintaining strict compliance with accounting standards. A key aspect of your responsibilities will be to ensure all processes adhere to ICFR requirements while continuously improving and refining end-to-end processes.
Your responsibilities will include sending out period-end communications, analysing various costs, and managing our flash profit process. You will also be responsible for posting journals in both our general ledger and consolidation systems and ensuring all period-end tasks are completed on time. A thorough understanding of our entire UK P&L each period is essential, as is ensuring the period-end close is executed promptly and in a controlled manner.
The UK control team frequently handles interesting business transactions such as acquisitions, disposals, and new initiatives. You will be expected to manage transactions end-to-end, from determining the original accounting to ensuring execution aligns with your guidance. These activities provide opportunities to develop your technical accounting knowledge and present accounting papers to our auditors and senior business leaders.
Additionally, you will serve as the subject matter expert for UK cashflow, ensuring its accuracy and explaining key movements in management account meetings. You will assist with cashflow queries on forecasting and be the go-to person for the business when advice on presenting cashflow items is needed.
In this role, you will also be the subject matter expert for insurance. You will liaise with the insurable risk team to determine budgets for insurance and monitor performance against targets, re-forecasting as necessary throughout the year. You will be responsible for analysing and explaining variances and trends to senior stakeholders, including the Group Finance Director and UK Finance Directors. The role also involves business partnering activities, working closely with insurable risk teams and the business to enhance business planning and modelling

You will need:

A or equivalent qualified with 2+ years PQE.
Experience of working with cross-functional teams.
Experience of period end closing would be beneficial.
A track record in delivering continuous improvement.
Capacity for big picture thinking whilst still being able to analyse the detail.
Ability to review, summarise and critique data and undertake own research to facilitate understanding.
Great technical knowledge

What's in it for you:

We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!

Annual bonus scheme of up to 20% of base salary
Holiday starting at 25 days plus a personal day (plus Bank holidays)
Private medical insurance
26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing

About us:

Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is 'Serving our customers, communities and planet a little better every day'. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco.

We have recently announced that we will be moving towards a more blended working week – combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us to about how this can work for you.

NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.

We're proud to have been accredited Disability Confident Leader and we're committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please visit https://www.tesco-careers.com/accessibility