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- Tasks: Lead financial strategy for £400m shrink and £800m store expenses, driving decision-making.
- Company: Join Tesco, a leading retailer committed to serving customers and communities sustainably.
- Benefits: Enjoy up to 20% annual bonus, 25+ days holiday, private medical insurance, and flexible working options.
- Why this job: Be part of a dynamic team shaping financial strategies while enjoying a supportive and inclusive culture.
- Qualifications: Strong financial analysis skills, effective communication, and the ability to present to senior audiences required.
- Other info: Flexible working arrangements available; we value diversity and inclusion in our workplace.
The predicted salary is between 36000 - 60000 £ per year.
Job Reference: tesco/TP/16782674/925999
Number of Positions: 1
Contract Type: Permanent
Location: Welwyn Garden City
Closing Date: 04/02/2025
Job Category: Finance
Business Unit: GB Head Office
What’s in it for you
- 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 year’s 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
About the role
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 approximately £400m shrink and £800m store expenses costs. This includes leading the financial investment and strategy for these cost areas, including supporting the evaluation of new initiatives to drive future decision-making and identifying opportunities across these cost areas.
You will be responsible for:
- Financial evaluation and insight on transformation and change programmes across stores relating to approximately £400m shrink and £800m 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/KPIs are clearly defined and laid out
- Work with wider teams such as insight teams to evaluate macro-economic impacts to these cost 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
You will need:
- 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
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. 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.
Finance Business Partner - Store Expenses and Shrink Strategy employer: Tesco
Contact Detail:
Tesco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Business Partner - Store Expenses and Shrink Strategy
✨Tip Number 1
Familiarise yourself with Tesco's financial strategies and recent initiatives. Understanding their approach to shrink and store expenses will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with current or former employees in similar roles. They can provide insights into the company culture and expectations, which can be invaluable when preparing for your interview.
✨Tip Number 3
Prepare to discuss your experience with investment appraisal and statistical analysis. Be ready to share specific examples of how you've successfully applied these skills in previous roles.
✨Tip Number 4
Showcase your ability to present complex information clearly. Practice explaining financial concepts in a straightforward manner, as this will be crucial when communicating with senior stakeholders.
We think you need these skills to ace Finance Business Partner - Store Expenses and Shrink Strategy
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial analysis, investment appraisal, and strategy development. Use specific examples that demonstrate your skills in managing large budgets and working with stakeholders.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your background aligns with Tesco's vision. Mention your ability to present complex information clearly and your experience in developing financial strategies.
Highlight Relevant Skills: Emphasise your effective financial analysis skills, attention to detail, and strong interpersonal abilities. Make sure to mention any experience you have with macro-economic impacts and how you've successfully managed changing priorities.
Showcase Your Understanding of Tesco: Demonstrate your knowledge of Tesco's values and commitment to diversity, equity, and inclusion. Mention how you can contribute to their mission of serving customers and communities better every day.
How to prepare for a job interview at Tesco
✨Understand the Financial Landscape
Familiarise yourself with the financial metrics relevant to the role, such as shrink and store expenses. Be prepared to discuss how you would approach financial evaluations and the strategies you would implement to manage these costs effectively.
✨Showcase Your Analytical Skills
Highlight your experience with investment appraisal and statistical analysis. Be ready to provide examples of how you've used data to drive decision-making and improve financial outcomes in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world challenges related to financial strategy. Think about past experiences where you successfully navigated complex financial situations and be ready to share those stories.
✨Demonstrate Strong Communication Skills
Since the role involves presenting to senior audiences, practice articulating complex financial information clearly and concisely. Prepare to explain how you would communicate financial insights to stakeholders at various levels.
