Treasury Systems Accountant

  • Job Reference: 688766
  • Date Posted: 29 December 2021
  • Employer: Tesco
  • Website: https://www.tescoplc.com/
  • Location: Shire Park, Kestral Way, Welwyn Garden City/UK
  • Salary: On Application
  • Sector: Retail & Consumer Products
  • Job Type: Full Time

Job Description

About the role

This role sits in the specialist Treasury Accounting team, within the Group Finance function reporting to the Head of Treasury Finance. You will be part of a team that undertakes FP&A, control and business partnering activities in relation to Financial Instruments. As part of a small team, collaboration skills are important e.g. flexibility - willingness to take on/rotate work to/from other members of the team. 

The team have a broad exposure to Tesco through active business partnering with all departments globally.  Managing external stakeholder relationships with banks, card/cash providers, rating agencies, debt investors and Treasury system providers is just a glimpse of the business partnering involved

Internal development is championed within Treasury enabling multiple sidewise or diagonal moves within and outside the Finance function.

You will be responsible for

  • Budgeting and forecasting for debt and derivatives
  • Internal and external reporting including IFRS 7 disclosures
  • Ensuring high level of Financial Control including key balance sheet reconciliations
  • Partner with and support the shared service centre in India in relation to Treasury transactions
  • Implementing enhancements to the TMS to account for new developments e.g. LIBOR transition, commodity hedging, embedded FX.
  • Supporting the team and working to tight deadlines, especially at period end and year end
  • Maintain a mind set of continuous improvement to drive simplicity in key processes

You will need

  • Professional accounting qualification 
  • Good working knowledge of IFRS 9 and IFRS 7, especially hedge accounting
  • Good working knowledge of Financial Instruments, especially accounting and valuation of complex derivatives
  • Knowledge of HFM, Bloomberg and Oracle Fusion GL (or similar)
  • Practical knowledge of Treasury Management Systems

What's in it for you

We offer excellent benefits that help make Tesco a great place to work.  These include but aren't limited to:

  • Annual bonus scheme
  • Holiday starting at 25 days plus a personal day (plus 8 Bank holidays)
  • On-site state of the art gym at our Welwyn Campus with discounted Gympass membership & free health checks via Nuffield Health
  • Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
  • Life Assurance - 5 x contractual pay
  • Share Schemes - Join our Buy As You Earn' & Save As You Earn' share schemes after 3 months service
  • Colleague Clubcard (including a 2nd card for a family member) after 3 months service
  • Colleague Discounts:
    • 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
    • 10% off One Stop
    • 10% off pay monthly & SIM only deals with Tesco Mobile
    • 20% off all F&F purchases
    • 20% off car, pet and home insurance at Tesco bank. T&C's apply
    • 25% off Tesco Café
    • 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
    • 50% off health checks at Tesco Pharmacy
  • An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
  • Cycle to work scheme
  • Shuttle Bus Service to/from Welwyn Garden City Station to Welwyn Campus
  • Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
  • Our Employee Assistance Programme helps you deal with life's challenges
  • Financial wellness - Tesco has partnered with experts to help you make the most of your money
  • Get involved in a range of fundraising activities with our long-term charity partners

About us

Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move.  Our core purpose is Serving Britain's shoppers a little better every day'.  Our business was built with a simple mission - to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them.  In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.
 
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings to enable us to serve our shoppers a little better every day. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities.  We're a big business with diverse working patterns and many business areas which means that we can find something that works for you.  Everyone is welcome at Tesco.
 
It remains that Shire Park is our central location for Head Office teams. We have recently announced that we will be moving towards a more blended working week - combining office and remote working.  Our base will be the office, where we connect, collaborate and innovate - and there will be the expectation for everyone to be in the office more often than not. For Head Office roles we therefore expect colleagues to spend a proportion of their time at our offices in Shire Park.

We are supportive of colleagues having conversations with hiring managers about what office presence will look like in the context of the role.

NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.