Strategic Financial PMO Manager

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

About Technology, Enabling Functions Portfolio Management Office

The Portfolio Project Management Office (PPMO) sits within Technology and is the function that defines and governs the framework that enables the delivery of our Portfolio Programmes and Projects across our Finance Change and Enabling Functions teams.  We provide the tools and processes to support our stakeholders in their decision-making and business goals, ensuring visibility and trust with a strong focus on our Tesco values and behaviours.

We are a fast-growing team where the work is high-profile and fast-paced, working to tight deadlines with exposure to senior Directors within Technology and the wider Tesco population, where we relish the opportunity to deliver significant benefits to the business.

The Role

We are looking to recruit a skilled Finance Manager to support the Strategic Financial Management Lead working at the heart of the PPMO team supporting Finance Change and Enabling Functions with all financial, strategic, and forecasting needs. Developing procurement strategies, managing contract renewals and vendor management, and supporting in the preparation of the audit paper

You will collaborate closely with multiple stakeholders within Finance Change and Enabling Functions in addition to procurement teams and external Finance and Technology Colleagues

You will be responsible for

In this role, you will:

• Help oversee financial reporting and forecasting for projects and operational activities within Finance Change and Enabling Functions.
• Analyse financial data within the projects, offering strategic insights to guide business decisions.
• Enhance collaboration with cross-functional teams and external financial stakeholders.
• Assist in Long-Term Planning, Annual Planning, Funding requests, budgeting and Auditing of the projects.
• Managing procurement strategies, contract renewals and vendor management.
• Managing the creation of an end-to-end cost optimisation stream.

This role requires strong organizational skills, attention to detail, and the ability to effectively communicate and collaborate with various stakeholders.

Key Responsibilities
 Providing support to the Strategic Financial Management Lead in:
 
 

1. Financial Management

• Periodic reporting for Finance Change and Enabling functions, incorporating all month end procedures.
• Support Long-term, annual planning and budgeting for all areas, liaising with stakeholders, following, and improving the agreed process.
• Providing insight and analysis to Strategic Financial Management Lead to identify and flag risks and opportunities.
• Periodic submissions to group and Timex
• Support in completion of Post Investment Reviews and Benefits realisation
• Help deliver projects in-line with forecasts and budgets being the go-to person for all project and programme managers.

1. Procurement Liaison:
   • Collaborate with procurement teams to identify project-related procurement needs.
   • Assist in the development of procurement strategies and requirements.
   • Facilitate the procurement process, ensuring compliance with organizational policies and procedures.
   • Evaluate vendor proposals and negotiate contracts to secure favourable terms.
2. Contract Renewals and Vendor Management:
   • Manage contract renewals for existing vendors, ensuring timely review and negotiation by Enabling Functions, Finance Change and Tesco Labs Leadership team.
   • Report on vendor performance against contractual obligations and service level agreements, in liaison with Procurement team.
   • Report on professional services and software related costs.
   • Identify opportunities for cost savings and efficiency improvements in vendor relationships.
   • Serve as the primary point of contact within Enabling Functions, Finance Change and Tesco Labs for vendor-related inquiries and escalations.
   •  
   • Audit Preparation:
     • Assist with preparation of audit papers and documentation for review and submission by the Strategic Financial Management Lead.
     • Ensure compliance with regulatory requirements and internal controls.
     • Coordinate with internal stakeholders to gather necessary information and evidence for audits.
     • Address audit findings and implement corrective actions as needed.

You will need

We are seeking candidates with logical and numerical skills paired with the structured thinking required to understand root causes of issues and translate into solutions together with the ability and vision to seek out and drive opportunities for continuous improvements.

Specifically, the role calls for:

• 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
• Proven experience in project management office roles, with a focus on financial management roles, procurement, contract management, and vendor management.
• Understanding of procurement processes, contract negotiation principles, and vendor performance management.
• Excellent communication skills, with the ability to interact effectively with stakeholders at all levels.
• Proficiency in project management tools and software.
• Attention to detail and ability to manage multiple tasks simultaneously.
• Knowledge of audit standards and regulatory requirements.

Additional Requirements:

• Ability to adapt to a fast-paced and dynamic work environment.
• Strong leadership skills and ability to work independently as well as part of a team.

The role will be based at our office at Welwyn Garden City, with an element of homeworking; some flexibility regarding travel is required.

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.