Financial Control Costs Manager

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

Salary - Salary is from £48,048 + 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 - Applications close 1 9 th June at 5pm

We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you've worked hard for. And that means we always work with heart. Whether we're helping our customers or looking after our people, you'll find there's a warmth and friendliness to everything we do.

We're looking for a Financial Control Costs Manager to join our Insurance and Money Services team with a primary focus within the Financial Control Cost team with the remit to support the team 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 to provide 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 be a part of a new Cost Control team with the remit of providing assurance and analysis across the entirety of the IMS 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 providing a level of challenge and independence over ensuring appropriate accounting treatment and cost recognition.

A key outcome of this role is to support the team deliver a fit for purpose cost base of the go forward business, ensuring the 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 ways of working. 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 report into the Senior Manager, Financial Control Costs and will be a key member of that team as well as supporting the broader Finance Function deliver its outcomes. Key stakeholders will include the Head of Financial Control along with the Product and Cost Decision Support Finance teams.

role will best suit someone who can demonstrate a track record of working in a cost control environment across the cost P&L and Balance Sheet. In doing this, the opportunity to put your own stamp on the role is available.

What you'll be doing

• Support and deliver a control environment that substantiates and gives integrity to the cost related balances held within the Oracle General Ledger.
• Actively participate as a member of the Financial Control team
• Support the IMS Accounts receivable and payable processes including intercompany payments and 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.
• Processing of costs and provide support in forecasting of the Asset Register, advising on appropriate revenue and capital expenditure treatment.
• Work with the offshore team to ensure integrity of the cost recognition.
• Provide a level of segregation of duties for working capital management and payments undertaken by Treasury.

We need you to have

• Professional accountancy qualification.
• Can demonstrate strong experience of 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 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 Finance function.

And if you have any of these, even better

• Experience in Insurance or Financial Services.
• 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

• Prepare for your retirement with our colleague pension scheme.
• Private Medical Insurance (WL2+) and virtual GP Service you and your family 365 days a year.
• Performance related annual bonus.
• Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
• Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% 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 strategic partnership 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 17th June.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you're interested in finding out more about what a career at Tesco Bank looks like, click apply to find out more!

Why Tesco Bank?

We're also a little obsessed with the future. Your future. Our future. That's why we take development seriously; we want to help you thrive and evolve in your career. Tesco Bank is a place to get on, all colleagues have access to LinkedIn Learning and Abstract, from day one.

It's important to us that we make sure you're supported by your team and colleague networks every day, celebrating when it matters and helping you to be the best version of yourself. The people make Tesco Bank, and we take pride in what we achieve together.

All that hard work? Come and see it turned into something real, usable, and important to customers' and colleagues' everyday lives. At Tesco Bank, our products make things a little better for everyone.