Finance Manager - Controls

Job Title: Finance Manager - Controls
Contract Type: Permanent
Location: Welwyn Garden City
Salary: Competitive
Reference: tesco/TP/6770374/536911
Contact Name: Daniel Foster
Contact Email:
Job Published: December 17, 2019 10:19

Job Description

About the role:

The main responsibility of this Finance Manager role is to establish and maintain control best practice within the property function and to assure and improve the consistency of application across the Group - the key focus being judgmental areas, notably impairments/provisions.


You will be responsible for:

  • Managing, maintaining and evolving impairment models (now including Right of Use leased assets) and associated dilapidation and onerous contract provisions.
  • Support the business units during the annual impairment process in regards interpreting their outputs, troubleshooting and guiding on assumptions
  • Collaboratively working with Global Process Owners, Group Control and Group technical to establish best practice in regards the operational application of impairment/provisions which are compliant with TGAP, SOPs and RACMs
  • Working with the business units across the group to ensure operational best practice is consistently applied throughout the business
  • Working with Group Control to prepare accounting papers for senior finance stakeholders including papers for the Audit Committee.
  • Working with Group Control at the Half Year and Year End to support in the production of the external reporting including impairment disclosure notes. 
  • Working with both UK and Group external auditor teams to support the audit of impairment.
  • Working with Group Control and Group Technical to calculate group level inputs to the impairment model, such as WACC rates. 


You will need:

  • Experience of working with cross-functional teams.
  • Track record in driving continuous improvement.
  • Financial Accounting & control experience.
  • Process implementation
  • Stakeholder messaging


We offer excellent benefits that help make Tesco a great place to work.  These include but aren’t limited to:
  • An annual bonus scheme which you can achieve up to 3.5% of base salary
  • Colleague Clubcard (including a 2nd card for a family member) after 6 months service with 10% off most purchases at Tesco
  • Holiday starting at 25 days plus a personal day
  • A retirement savings plan - 4%-7.5% contribution rate
  • Life Assurance - 5 x contractual pay 
  • Buy As You Earn Scheme
  • Save As You Earn Scheme
  • Deals & Discounts through Tesco including Tesco Mobile & Tesco Bank
  • Deals and Discounts through many other external businesses