Finance Manager - Stock, Shrink & Projects Control

An interesting role focused on further improving controls in respect of Stock and Shrink accounting as well as Pharmacy and larger Projects. Working cross functionally to ensure information reported is complete, accurate and prepared on a timely basis as well as championing global consistency.

The role works closely with the Product finance and Commercial teams at the heart of the business to help understand variances to forecasts and there is currently a big focus on continuous improvement as large Projects launch and we try to simplify stock processes.

• Assessing, developing and maintaining financial controls regarding the accounting and financial reporting
• Ownership of the Stock, Shrink and Pharmacy finance processes as well as ad-hoc Projects across the UK core business – acting as the key liaison between colleagues based in Tesco Bengaluru, Product Finance Business Partners, Shrink Finance Business Partners, Pharmacy and Supply chain teams to ensure ways of working are clear and processes well-defined.
• Deliver timely and accurate financial reporting and ensure financial processes operate effectively within a strong control environment
• Drive improvements in accuracy of Stock and Shrink recognition and valuation, bringing consistency across Food, General Merchandise and Clothing.
• Share principles and best practice with the Tesco Group business functions.
• Ensure that the Stock provisions and Shrink accruals are appropriate, both in adherence to our accounting policies and in line with the reality of our store and depot operations.
• Oversee month end process for Stock and Shrink including any adjustments, understand variances and proactively identify potential problems. Streamlining and improving efficiency and accuracy of the month end processes.
• Accountability for stock-loss, including Waste and Shrink, ensuring that stores and depots are seeing the accurate values and assisting with associated business decisions.
• Identification, investigation, and implementation of continuous improvement initiatives to improve the control and accuracy of Stock, Shrink and Pharmacy balances.
• Support the auditors with both half year and year end reviews, as well as controls testing in the interim periods
• Regular reporting to multiple Finance Directors across Control and Product functions
• Ensure compliance to Tesco Group Accounting Policy

• Accounting qualification with good working knowledge of accounting principles for Inventories
• Track record of delivering finance process improvements, with focus on implementing enhancements to the control environment (continuous improvement)
• Great communication and people skills, enabling you to build relationships across a range of stakeholders.
• Strong desire to ‘get things right’, with the confidence to challenge existing, or proposed ways of working

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

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.