Finance Manager - Procurement

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

We are looking for a skilled Finance Manager to support the Group Procurement Director, working at the core of our Goods & Services Not for Resale (GSNFR) cost base.

You will collaborate closely with the Procurement leadership team and Finance colleagues to advance our Save to Invest (S2I) plan, a pivotal element of our group strategy.

In this role, you will:

• Oversee financial reporting, planning, and forecasting related to GSNFR.
• Analyze financial data and offer strategic insights to guide business decisions.
• Foster collaboration with cross-functional teams.

You will be responsible for

• Supporting the Procurement Director and Heads of Global Sourcing in understanding the financial impacts of project delivery.
• Developing positive relationships and trust across diverse range of colleagues
• Ensuring the integrity of financial reporting in partnership with Finance colleagues.
• Overseeing GSNFR and Waste & Recycling reporting, forecasts, budgets, and long-term plans, as well as governance reporting.
• Assessing performance against budget and providing actionable insights to senior management.
• Effectively communicating accurate information, highlighting key performance indicators and trends.
• Managing financial planning cycles, including long-range planning and scenario analysis.
• Leading the annual budgeting process for GSNFR, aligning with business plans and financial targets.
• Collaborating with business partners to find opportunities for cost optimization and efficiency improvements.
• Participating in cross-functional projects to improve financial processes and systems.

You will need

• An accountancy qualification (CIMA, ACCA, ACA or equivalent)
• Strong experience in financial planning, reporting, and analysis
• Strong proficiency in financial modelling
• Commercial awareness of the wider retail industry
• Ability to present complex financial information effectively to non-finance colleagues
• Excellence in building relationships, prioritizing competing demands, and applying strong communication skills to challenge senior colleagues respectfully

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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.