Head of Finance - Welwyn Garden City, United Kingdom - Tesco

Tesco

Verified Company

Welwyn Garden City, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About the role
Tesco Technology is a global function with over 5,000 colleagues located across Bangalore, Europe and the UK.

Technology plays a fundamental role in delivering industry leading technology and data capabilities that help make Tesco a global leader.

Investments in core technology deliver traditional asset replacement programmes as well as improvements to the group's technology and data capabilities, which are leveraged to transform how the business operates and enable differentiated experiences and propositions.

Technology investments directly deliver strategic projects across the business plan. Alongside this investment, technology is also responsible for ongoing operational stability of the business through its day-to-day activities.

This is a fantastic opportunity to lead a team responsible for delivering a significant part of the future long-term growth of the Tesco business both in the UK, and across the retail group.

You will play a key role in partnering with the Technology business, in defining and delivering both the long-term strategy and short-term tactical plans.

This role is unique, given the breadth of exposure across all parts of our business and the criticality of technology to both the ongoing operations and also the new propositions underpinning the business plan.

You will mentor and lead a successful team of three finance business partners, providing the appropriate balance between investments in new technologies as well as ensuring existing assets are maintained within their operational life, whilst providing objective, balanced critique and challenge, to ensure all decisions are well thought through.

You will ensure that there is challenge between running the operations efficiently and ensuring operational stability and continuity.

The role works closely with, and has oversight of, our technology FP&A and investment governance (TAG) teams and covers all aspects of financial business partnering; developing future strategy, converting that strategy into robust investment cases, understanding current drivers of performance, and partnering to find opportunities for improvement, as well as mitigating any emerging risks.

You will also take the lead on managing the end-to-end financial processes and controls over a vast portfolio of individual investment projects.

More specifically, this role is responsible for the following elements of Group Technology:

Continuing to review & assess how we financially manage technology to ensure this remains best in class considering the pace of change within technology, including evaluating, challenging, and reporting on overall value creation of the total technology portfolio
Leading the financial management of the overall portfolio of investments across a portfolio comprising a significant number of individual investment projects spanning multiple delivery programmes and priorities. This includes understanding & leading the business in the management of metrics including contractor to perm ratios and capitalisation rates
Understanding the investments in technology supporting change delivery programmes across all four strategic drivers;
Save to Invest (S2I): People Transformation, store efficiency and automated fulfilment
Magnetic Value (MV): Price and Promotion optimisation and end to end supply chain
Easily the Most Convenient (ETMC): Online investments including Marketplace
I Love My Tesco Clubcard (ILMTCC): Personalisation and Media
Investments in core strategic foundational technologies, including data capabilities and the Retail Platform powering all channels across all markets, and hardware assets used to run the business across stores, distribution centres, offices and data centres
Understanding, evaluating, and communicating the value unlocked across the retail group as a result of core capabilities being delivered across the markets outside of the UK

You will be responsible for

Partnering with the CTO to develop and deliver financial and strategic plans across the business
Leading and coaching a team providing an environment that allows the team to achieve their career ambitions, deliver their objectives and have a positive impact on the business
Playing a finance leadership role within our broader finance team helping to build a culture of innovation, with Tesco Finance viewed as a great place to work
Helping to drive the longerterm strategic direction, whilst also influencing and shaping day to day decisions
Creating a 3year strategic plan aligned to Tesco's strategic objectives
Work with the business to build a plan for delivering in year financial targets (budget) including management of key ratios underpinning the cost base including contractor to perm mix as well as the capital to opex ratio through the delivery of a balanced portfolio
Support delivering budget targets through standing over a rolling forecast and identifying solutions to managing risks/opportunities. Drive the rea