Cost Modelling Manager

Hours: 36

Salary: Competitive

Location: Shire Park, Welwyn Garden City, Hertfordshire AL7 1GA

United Kingdom

Apply by: 09/04/2021


Cost Modelling Manager

Shire Park, Welwyn Garden City, Hertfordshire AL7 1GA

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About the role

Are you passionate about retail, consumer goods and the economics that underpin global supply chains?

The Tesco Sourcing team is at the leading edge of Sourcing strategy, Cost Modelling, Commodity Sourcing and Price Risk Management in the Retail sector.

You will be responsible for

  • Leading cost modelling programme across category, setting the framework for cost model governance
  • Understand suppliers commodity and FX exposure across category  
  • Provide independent oversight on own brand supplier base cost models, identifying impacts and P&L drivers.
  • Prepare periodic briefings to categories and senior management.
  • Support strategic sourcing and own brand supply strategy decisions as well as buying teams with industry expertise and intelligence on raw materials and industry/supplier cost structures, profit pools, etc.
  • Participating in cross-functional sourcing projects to drive efficiency across the business
  • Identify commodity & FX exposures, engage stakeholders and build open-cost models together with suppliers. 
  • Working with our supplier/partner to assess cost drivers, business models and supplier economics  
  • Building and managing critical paths
  • Line Management of Cost Modelling Analyst
  • Adhere to all Tesco policies, GSCoP and our Business Code of Conduct, always acting with integrity and due diligence.

You will need

Strong and proven analytical skills

• Experience using Excel and other Microsoft Office applications.  

• Exposure to retail or FMCG environment preferable

• Ability to operate in a fast paced culture of change

• Exposure to commodity markets and/or procurement would be an advantage

What’s in it for you

We offer excellent benefits that help make Tesco a great place to work. These include but aren’t limited to:


• Annual bonus scheme where you can earn up to 3.5% of base salary
• Holiday starting at 25 days plus a personal day (plus 8 Bank holidays)
• On-site state of the art gym at our Welwyn Campus with discounted “Gympass” membership & free health checks via Nuffield Health
• Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
• Life Assurance - 5 x contractual pay
• Share Schemes – Join our ‘Buy As You Earn’ & ‘Save As You Earn’ share schemes after 3 months service
• Colleague Clubcard (including a 2nd card for a household member) after 3 months service
• Colleague Discounts:
• 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
• 10% off One Stop
• 10% off pay monthly & SIM only deals with Tesco Mobile
• 20% off all F&F purchases
• 20% off car, pet and home insurance at Tesco bank. T&C’s apply
• 25% off Tesco Café
• 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
• 50% off health checks at Tesco Pharmacy
• An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
• Cycle to work scheme
• Shuttle Bus Service to/from Hatfield & Welwyn Garden City Station to Welwyn Campus & Hatfield Offices
• 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
• Our Employee Assistance Programme helps you deal with life’s challenges
• Financial wellness - Tesco has partnered with experts to help you make the most of your money
• Get involved in a range of fundraising activities with our long-term charity partners

About us

Our vision here 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 Britain's shoppers a little better every day’. Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them. In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.
At Tesco, inclusion means that Everyone’s Welcome. Everyone is treated fairly and with respect; by valuing individuality and uniqueness we create a sense of belonging.
Diversity and inclusion have always been at the heart of Tesco. It is embedded in our values: we treat people how they want to be treated. We always want our colleagues to feel they can be themselves at work and we are committed to helping them be at their best.


Across the Tesco group we are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues – who in turn help to build the success of our business and reflect the diversity of the communities we serve.

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.

Application process

Our office application process varies depending on the role and the level of experience needed.

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