Financial Modelling Analyst

3 weeks ago


Welwyn Garden City, Hertfordshire, United Kingdom Tesco Full time
About the Position
At Tesco, we understand that each individual's journey is unique. That's why we encourage discussions about flexible working arrangements. Whether you are just starting your career, seeking to balance personal passions, or navigating significant life changes, we are here to support you.
The Tesco Sourcing team is at the forefront of Sourcing strategy, Cost Analysis, Operational efficiencies, and Price Risk Management within the Retail industry.
This position provides an opportunity to develop exceptional cost model management skills and gain exposure to industry-leading comprehensive analysis.
This is an excellent chance to thrive in a dynamic environment, contributing to the transformation of our operations through structured governance and fostering relationships with our supplier partners.

Your Responsibilities
Delivering comprehensive benefits through our cost management program by reviewing the supply chain from Raw Materials to Distribution. Collaborating with Tesco product partners to drive significant financial improvements and support return on investment initiatives. Providing independent oversight on supplier cost models, identifying impacts and profit and loss drivers. Actively participating across the Tesco group, sharing and implementing best practices to enhance group-wide performance. Supporting our sourcing team and brand supply strategy decisions, offering industry expertise on raw materials and cost structures. Preparing regular updates for categories and senior management. Engaging in cross-functional projects aimed at driving large-scale efficiencies across the organization. Working with suppliers to evaluate cost drivers, business models, and capacity assessments. Managing projects and ensuring accountability among stakeholders regarding critical timelines. Continuously improving our collaborative approach across functions. Adhering to all Tesco policies, GSCoP, and our Business Code of Conduct, always acting with integrity and diligence.Qualifications
Proven experience in stakeholder engagement. Strong financial acumen, with the ability to interpret financial statements and reports. Experience in a manufacturing setting recognized for excellence or lean practices. Track record of achieving results through Business Improvement methodologies. Experience in leading teams through process changes and improvement initiatives. Proficient in analytical software and a competent user of the Microsoft Office suite. Demonstrated ability to deliver training, coach others, and facilitate problem-solving sessions. Experience in program and project management, ideally with 5 years in the Food sector.
Benefits
At Tesco, we value our colleagues and offer a comprehensive benefits package, including:
Annual bonus scheme of up to 20% of base salary. Starting holiday entitlement of 25 days plus a personal day (in addition to Bank holidays). Private medical insurance. Retirement savings plan with employer matching contributions. Life Assurance coverage. Maternity and adoption leave with full pay after one year of service. Flexible working arrangements from day one. Access to mental wellbeing support services. Colleague discounts and deals. Opportunities for professional development and training.
About Tesco
Our vision at Tesco is to be the preferred shopping choice for every customer, whether at home or on the go. Our core purpose is 'Serving our customers, communities, and planet a little better every day'. We are committed to acting as a responsible and sustainable business for all stakeholders, and we take pride in our inclusive culture where diversity is celebrated and valued. We strive to create a workplace where everyone feels empowered to be themselves.

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