Finance Business Partner - Store Expenses & Shrink Strategy

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

The Finance Business Partner Shrink & Store Expenses leads the overall financial strategy across c.€400m shrink and £800m store expenses costs.

This includes leading the financial investment and strategy for these costs areas including supporting evaluation of new initiatives to drive future decision making and find opportunities across these cost areas.

You will be responsible for

• Financial evaluation and insight on transformation and change programmes across stores relating to c.£400m shrink and c.£800m store expenses costs
• Development of future opportunities and Save to Invest programmes in the longer term understanding the different dynamics across these cost areas
• Ensure robust tracking and measurement of Save to Invest opportunities in line with group principles, including approval of submissions
• Development of business cases ensuring robust financial evaluations and performance measures are clearly defined and laid out
• Work with wider teams such as insight teams to evaluate macro-economic impacts to these costs areas and build driver based models to understand the financial impacts
• Co-ordinate with both procurement and treasury teams to ensure future market and regulatory changes are overlaid into financial plans
• Ensure initiatives driven by other business areas are validated and overlaid into financial plans where appropriate
• Lead the long-term plan and strategy for your areas including Save to invest plans, market / economic changes, and impacts from upcoming regulations
• Direct line management of two colleagues

You will need

• Accountancy qualification (ACA, ACCA, CIMA or equivalent)
• Effective financial analysis skills and a keen eye for detail
• The ability to present complex 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
• Strong interpersonal and communication skills, with the ability to build positive relationships quickly with colleagues at all levels

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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.