Tesco in Partnership with Cedar

Commercial Finance and FP&A roles

Tesco, a leading multinational retailer spanning food, fashion, telecoms, banking, and more, is the world’s third-largest retailer by gross revenue. With over 330,000 colleagues globally, Tesco is committed to serving its customers, communities, and the planet a little better every day—both in-store and online.

Tesco’s financial performance continues to thrive, showing robust increases in share price, group sales, and profit across the UK, Republic of Ireland, and Central Europe. This sustained growth reflects Tesco’s sharp focus on operational efficiency and customer-centric innovation, making it a powerhouse in the retail sector.

To further enhance its talent acquisition strategy, Tesco has retained Cedar, a leading specialist recruitment consultancy. This collaboration aims to optimise Tesco’s highly talented Commercial Finance and FP&A teams by securing top-tier finance candidates for a range of business-critical roles. Cedar’s expertise will support Tesco in attracting the best talent in Finance to maintain its upward trajectory.

Tesco’s commitment to work-life balance, a collaborative culture, and flexible working options also positions it as an employer of choice in the competitive sector. With a clear focus on both people and performance, Tesco continues to deliver value, not just to its customers but to its shareholders as well.

Business Performance

Share Price Sept 2023 – Sept 2024

£61.5bn Group Sales¹
£2,829m Group adjusted operating profit

Q1 Trading Statement (June 2024)

UK: Strong market share performance and strengthening volumes

Market share growing ahead of all key competitors, up +52bps to 27.6%², supported by 15 consecutive periods of positive switching gains
Food sales up +5.0%, including strong volume growth across the quarter, particularly in fresh food; non-food sales up +0.7%, driven by strong growth in clothing
Cheapest of the full-line grocers for 19 consecutive periods⁴ through powerful combination of Aldi Price Match on c.700 lines, Low Everyday Prices, with >1,000 prices locked, and Clubcard Prices
Growth in all channels; online sales up +8.9%, driven by volume growth and strong contribution from Whoosh
Finest sales continue to grow strongly, up +12.5%; net switching gains from premium retailers for 22 periods³
Ongoing investment in colleague hours supporting further improvement in brand perception, customer satisfaction⁵ and availability, which is up +1.5ppts year-on-year to 95.9%

Finance

Tesco is committed to expanding its team of highly talented finance professionals who thrive in a dynamic environment designed to foster hard work and ambition. Through its partnership with Cedar, a leading recruitment consultancy, Tesco is enhancing its talent acquisition program by leveraging Cedar’s expertise to secure exceptional candidates for key finance roles.

The Finance team is at the core of Tesco, influencing every aspect of the business and impacting millions of shoppers as well as over 330,000 colleagues worldwide. The finance function goes beyond just numbers—it plays a vital role in driving Tesco’s mission of serving shoppers a little better every day. Tesco’s global scale and unwavering focus on delivering value to customers ensure that finance professionals contribute meaningfully to the company’s overall success.

Career opportunities within Tesco’s Finance team cover a wide spectrum, from Business Partnering, Planning & Analysis and Financial Control to Corporate Finance, Tax & Treasury and Investor Relations. No matter your specialism, you will have the opportunity to make a tangible impact on the business and effect positive change.

Tesco is also deeply committed to professional development, offering employees the chance to deepen their expertise, broaden their skill sets across various disciplines, or progress into leadership roles. At Tesco, your career growth is a priority, and you will be supported at every step.

Diversity, Equity & Inclusion

Everyone is welcome at Tesco, regardless of their sexual orientation or gender identity, through education, support and celebration. Tesco want to connect members together in a safe environment and provide a place where they can seek advice and support confidentially on matters that are important to them.

Tesco will:

• Promote an inclusive environment for colleagues and customers, regardless of sexual orientation or gender identity
• Challenge stereotypes across the business
• Provide support, advice and networking opportunities for LGBTQ+ colleagues and allies
• Help shape and support the business with policies, products and services for Tesco LGBT+ colleagues and customers

Example job descriptions

Below are two example job descriptions – you will be considered for various roles of this nature as part of the Tesco & Cedar Finance Talent Project.

Senior Finance Business Partner

Tesco HQ – Welwyn Garden City (3 days per week)
£Highly Competitive Market Salary + Blue Chip Bonus & Benefits

Key responsibilities:

Partnering commercial stakeholders, delivering insight, analysis and recommendations in relation to growth assessment and improvement, financial sustainability and investment cases
Business case and decision support for key initiatives and capex opportunities, ensuring alignment with overall strategic objectives

Playing a key role in the development and delivery of strategy translation into short, medium and long term financial and non-financial plans, targets and KPIs
Developing and reviewing business cases for channel innovations
Identifying opportunities to increase sales productivity/profitability
Driving commercial productivity for the division, providing insight and identifying growth opportunities

Profile Requirements:

Qualified accountant (ACA / CIMA / ACCA)
Demonstrable commercial finance experience, ideally from a large & complex organisation
A tangible track record of success within roles, reflecting identifiable value-add outcomes
Strong influencing skills, with proven experience of managing multiple senior stakeholders

Commercial awareness, with a resilience and appetite to challenge the status quo

Drive and ambition!

N.B. this is a generic job description – you will be considered for various roles of this nature as part of the Tesco & Cedar Finance Talent Project.

FP&A Manager

Tesco HQ – Welwyn Garden City (3 days per week)
£Highly Competitive Market Salary + Blue Chip Bonus & Benefits

Key Responsibilities:

Provide Executive Committee with KPIs and analysis for performance appraisal against strategic plans
Lead on annual budget & quarterly reforecast processes, providing accurate information to Group FD & CFO
Partner effectively with business units to identify both financial and non-financial inputs for production of reporting for Exec team
Understand and analyse performance trends, including issues, to present to finance and non-finance stakeholders
Deliver efficiency and improvement on reporting processes
Create value through the delivery of insightful financial analysis – demonstrating your strong presentational and influencing skills
Ad-hoc work as required by Finance Leadership Team
Own the working relationships between FP&A, wider commercial finance and the business
Provide guidance and leadership to junior members of the team