Capital Investment Manager

About the role

At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That's why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.

Partnering the members of the investment committee, this role gives significant exposure across the breadth of our UK business. The role is responsible for ensuring we get the best value for money across our £1.1bn capital investment, holistically balancing a number of priorities around asset replacement, managing the age of our existing estate, and the need for growth from our strategic plans. You will influence capital decision-making across a number of senior stakeholders, ensuring we have a balanced portfolio of investments across returning projects and longer-term strategic investments that are collectively ROCE accretive and fully align to UK strategy.

You will be responsible for:

• Ensuring that the UK business delivers against our capital commitments within our overall capital allocation framework.
• Being the UK expert in developing high-quality investment cases, having the confidence to challenge underlying assumptions and investment rationale.
• Partnering with investment committee members and their teams across Property, Technology, Channels and all other functions, to optimise capital investment decisions across the UK.
• Leading the UK's Investment Committee, delivering high-quality review packs with significant exposure to UK FD & FLT influencing the Technology Approval Governance process, ensuring a consistent approach to the UK Investment Committee.
• Leading the Capital Post Investment Review process for the UK with reviews at Investment Committee, UKLT and Exec delivering ad-hoc financial modelling and analysis to support business decision making.
• Leading a team of 2 in India, being an inspiring leader who is comfortable in the development of the team to drive a high performing culture.

You will need:

• Accountancy qualification (ACCA, ACA, CIMA or equivalent).
• Experience partnering senior stakeholders.
• Broad understanding of business and industry with FMCG experience.
• Ability to communicate complex information in a clear and concise manner to a wide range of stakeholders with varying levels of understanding.

What's in it for you:

• Annual bonus scheme of up to 20% of base salary.
• Holiday starting at 25 days plus a personal day (plus Bank holidays).
• Private medical insurance.
• 26 weeks maternity and adoption leave (after 1 years' service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay; we also offer 6 weeks fully paid paternity leave.
• Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing.

About us:

Our vision 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 our customers, communities and planet a little better every day'. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

Diversity, equity and inclusion (DE&I) at Tesco means that whoever you are and whatever your background, we always want you to feel represented and that you can be yourself at work. In short, we're a place where Everyone's Welcome. We're proud to have been accredited Disability Confident Leader and we're committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.

We're a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you. We work in a more blended pattern - combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate.