Finance Business Partner - Store Expenses and Shrink Strategy

At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.

The Finance Business Partner Shrink & Store Expenses leads the overall financial strategy across c.E400m shrink and E800m 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 identifying opportunities across these cost areas.

• Financial evaluation and insight on transformation and change programmes across stores relating to c.E400m shrink and c.E800m 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 / KPls 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 these cost areas including Save to invest plans, market / economic changes, and impacts from upcoming regulations

• Qualified Accountant (ACA/ACCA/CIMA)
• Investment appraisal & statistical analysis
• Effective financial analysis skills and a keen eye for detail
• Strategy development including presentational skills to senior audiences - 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 and challenging deadlines
• Strong interpersonal and communication skills, with the ability to build relationships quickly with stakeholders at all levels
• Excellent organisation skills and multitasking abilities

#LI-Hybrid

#LI-MW1

We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!

• Annual bonus scheme of up to 20% of base salary
• Holiday starting at 25 days plus a personal day (plus Bank holidays)
• Private medical insurance
• 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 6 weeks fully paid paternity leave
• 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

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.

Diversity, equity and inclusion (DE&I) at Tesco means that whoever you are and whatever your background, we always want you to feel represented and that you can be yourself at work. In short, we’re a place where Everyone’s Welcome. 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.