Finance Business Partner - Store Expenses and Shrink Strategy

Tesco; Welwyn Garden City; Hybrid; GBP 45,000 - 85,000; Full time

Job summary

An established industry player is seeking a Finance Business Partner to drive financial strategy for significant store expenses and shrink costs. This role offers the opportunity to lead financial evaluations, develop long-term strategies, and collaborate with various teams to ensure robust financial planning. With a focus on diversity and inclusion, this innovative firm promotes a flexible working environment, allowing you to balance office and remote work effectively. Join a team that values your contributions and supports your professional growth while making a meaningful impact in the retail sector.

Benefits

Annual bonus scheme up to 20%

25 days holiday plus personal day

Private medical insurance

26 weeks maternity leave at full pay

Free 24/7 virtual GP service

Employee Assistance Programme

Qualifications

• Strong financial analysis skills with attention to detail.
• Ability to present complex information clearly to senior audiences.

Responsibilities

• Lead financial strategy for £400m shrink and £800m store expenses.
• Develop business cases with robust financial evaluations and KPIs.

Skills

Investment appraisal

Statistical analysis

Financial analysis

Strategy development

Interpersonal skills

Communication skills

Organisational skills

Multitasking abilities

Job description

The following content displays a map of the job's location - Shire Park, Kestral Way, Welwyn Garden City.

Finance Business Partner - Store Expenses and Shrink Strategy

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

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 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.