Finance Manager - Capex & Save to Invest

What’s in it for you

We’re all about the little helps. That’s why we give our wonderful colleagues bags of benefits. Including wellbeing services, an award-winning pension scheme and much, much more, our colleague reward package keeps on giving. And helps make every day a little better for you and your family. These include but are not limited to:

• Annual bonus scheme of up to 20% of base salary
• Holiday starting at 25 days plus a personal day (plus Bank holidays)
• Buy holiday salary sacrifice scheme (for salaried roles)
• Private medical insurance
• Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
• Life Assurance - 5 x contractual pay
• 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 4 weeks fully paid paternity leave
• The right to request flexible working from your first day with us
• 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
• A Colleague Clubcard for you & a family member (after 3 months of service), giving you access to lots of discounts in-store & online
• Great colleague deals and discounts, saving you money on everyday purchases, eating out and utility bills for the home
• Access to our colleague networks providing a space for colleagues to come together from a range of backgrounds. For more information about our colleague networks please click here
• Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want

Click Here to read more about the full range of benefits we have available for our colleagues

About the role

In this role you will lead the reporting, planning & analysis of Save to Invest and Capex across Channels, working closely with Central Finance and Group Finance. This position will play a key role in challenging and supporting the Channels Finance teams on optimising our Save to Invest programme to ensure we maximise our returns in line with our UK growth strategies.

You will be responsible for

• Lead the S2I and Capex reporting across Channels including periodic reporting of drivers of variances and actionable insights. S2I initiatives for Channels is circa £300m per annum and Capex Investments circa £350m per annum
• Challenge investment cases and help shape UK prioritisations through analysis of our programmes and alignment with rest of UK
• Ensure capex reporting is accurate working alongside control teams to ensure projects are accurately reported and accrued
• Work with the respective finance and business areas to understand risks & opportunities on capex plans
• Consolidate and drive respective channels finance teams to create robust capex plans across forecast, budget and LTP including end to end financials captured
• Consolidation and interrogation of all S2I initiatives across Channels, while helping to identify further in-year and future opportunities
• Ensure all S2I financial reporting is fully supported across the UK business, which will require working across the Product, Property and Online Finance teams.
• Other ad-hoc FP&A analysis and projects to support wider FP&A goals

You will need

• Accountancy qualification (ACA, ACCA, CIMA or equivalent)
• Effective financial analysis skills and a keen eye for detail
• Experience in business partnering with operations
• The ability to present information in a clear and concise manner suitable for a senior audience
• The drive, motivation and organisational skills to ensure self and team succeed in an environment of changing priorities
• Good interpersonal and communication skills, with the ability to build positive relationships quickly with colleagues at all levels

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 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 click here.

We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you.  We work in a more blended pattern - combining office and remote working.  Our offices will continue to be where we connect, collaborate and innovate.  If you are applying internally, please speak to the Hiring Manager about how this can work for you - Everyone is welcome at Tesco.