Financial Control Costs, Senior Manager

1 week ago


Edinburgh, United Kingdom Tesco Bank Full time

Serving our customers, communities, and planet a little better every day.

Salary - Salary is from £, + annual bonus & benefits

Work Level – WL2

Location – Edinburgh, Permanent

Office Attendance - Our roles are hybrid; however, you should be able to travel to our Edinburgh office, 2 days per week for this position.

Closing Date - 9th June at 5pm

We deal in the personal – from pet insurance for your best friend, andhome insurance for peace of mind, to motor insurance for your dream caror travel money for that trip you’ve worked hard for. And that means wealways work with heart.​ Whether we’re helping our customers or looking after our people, you’llfind there’s a warmth and friendliness to everything we do.​

We’re looking for a Financial Control Costs, Senior Manager (known internally as a Financial Control Costs & Risk Senior Manager) to join our Insurance and Money Services team with a primary focus on leading the Financial Control Cost team with the remit to deliver a robust cost control environment across the IMS business.

Insurance and Money Services is a newly formed business within Tesco Group, with a remit toprovide Tesco customers with great products across everyday Finance needs such as Insurance and Travel money. Given this is a newly formed business, this role will provide the opportunity to stand up a Cost Control focussed team with the remit of cost ledger and related Balance Sheet.

You’ll have exposure across the Finance function in this role providing confidence in the integrity of the financials and communicating outcomes. The role will focus on ensuring the Cost control team are aligned to support the business facing finance teams whilst providing a level of challenge and independence over ensuring appropriate accounting treatment and cost recognition.

A key outcome of this role is helping to shape the Finance Control framework and team needed for a fit for purpose cost base of the go forward business, ensuring the team structure and outputs best fit the needs of the business and regulatory requirements.

There aren’t many times in someone’s career where the opportunity exists to be part of something new as well as being able to put your own stamp on the team recruitment and responsibilities. The IMS business also has a growth strategy that is fully supported by Tesco Group meaning that any individual should come with a keen growth mindset and focus on delivering business goals in a forward-looking business.

This role will lead the Cost Financial Control team and will be a key member of the Financial Control leadership team as well as supporting the broader Finance Function. Key stakeholders will include the Head of Financial Control, Head of Commercial Finance, Chief Financial Officer along with the Product and Cost Decision Support Finance teams.

This role will best suit someone who can demonstrate a track record of implementing financial control processes across the cost P&L and Balance Sheet. In doing this, the opportunity to put your own stamp on the Cost Financial Control team is available.

What you’ll be doing

Actively participate as a member of the Financial Control Leadership team. Lead and develop the Cost Financial Control Team through setting the direction for the team, their outputs, and ways of working ensuring consistency across the broader Financial Control Function. Oversight of the IMS Accounts receivable and payable processes including intercompany payments and oversight of the Tesco India Finance relationship. Provide technical guidance when required on analysing data from multiple sources to draw appropriate conclusions and make suitable recommendations. Work within established systems to deliver prescribed outcomes for the Cost area of financial control. Works independently and provides guidance and training to others while interpreting and applying comprehensive knowledge of laws, regulations and policies in area of expertise. Confirmation of the Asset Register and advice on appropriate revenue and capital expenditure treatment. Supplier payment control and oversight. Provide a level of segregation for working capital management and payments undertaken by Treasury.

We need you to have

Can demonstrate examples of leading financial reporting and applying appropriate accounting treatments. Substantial general work experience together with comprehensive job-related experience in own area of expertise to fully competent level Understanding of the cost considerations of a business and having shown how to optimise the end-to-end reconciliation of the ledger and Balance Sheet. Understanding of relevant external regulation Proficient user of MS Excel and PowerPoint. Ability to build relationships across a leadership team and broader Finance function.

And if you have any of these, even better

Experience in Insurance or Financial Services. Experience of setting up new teams Expert Excel & PowerPoint skills. Demonstrable experience of being able to quickly hit the ground running.

We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.

What’s in it for you

Private Medical Insurance (WL2+) and virtual GP Service you and your family days a year. Performance related annual bonus. Indulge in a generous holiday allowance with a minimum of weeks, with the opportunity to buy more. Embrace the benefits of our Colleague Clubcard, enjoy a % discount that increase to % every payday (worth up to 2K). As an added perk, we’ll give you a second card to share with someone else. Take part in our Buy as you Earn and Save as your Earn share schemes.

Everyone’s welcome

We want all our colleagues to always feel welcome and be themselves.We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

Role Alignment

Following the announcement regarding Tesco's with Barclays, this role will support our Insurance and Money Services team and will remain with Tesco.

Interviews

Interviews are expected to be held from w/c th June.




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