Lead-Project Accounting

Tesco Bengaluru
We are a multi-disciplinary team creating a sustainable competitive advantage for Tesco by standardising processes, delivering cost savings, enabling agility, providing cutting-edge technological solutions and empowering our colleagues to do ever more for our customers. With cross-functional expertise in Global Business Services and Retail Technology & Engineering, a wide network of teams and strong governance we reduce complexity thereby offering high quality services for our customers. Tesco Bengaluru, established in 2004 to enable standardisation and build centralised capabilities and competencies, makes the experience better for our millions of customers worldwide and simpler for over 4,40,000 colleagues.
At Tesco Business Solutions, we have a mission to simplify, scale & partner to serve our customers, colleagues and suppliers through a best-in-class intelligent Business Services model . We do this by building a world class business services model by executing servicea model framework right at the heart of everything we do for our worldwide customers. The key objective is to implement and execute service model across all our functions and markets consistently. The ethos of business services is to free-up our colleagues from a regular manual operational work. We use cognitive technology to augment our key decision making. We also built a Continuous Improvement (CI) culture across functions to drive bottom-up business efficiencies by optimising processes. Business services colleagues need to act as a business partner with our group stakeholders to build a collaborative partnership driving continuous improvement across markets and functions to lead the best customer experience by serving our shoppers a little better every day.
At Tesco, inclusion means that Everyone's Welcome. Everyone is treated fairly and with respect; by valuing individuality and uniqueness we create a sense of belonging.
Diversity and inclusion have always been at the heart of Tesco. It is embedded in our values: we treat people how they want to be treated. We always want our colleagues to feel they can be themselves at work and we are committed to helping them be at their best.
Across the Tesco group we are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues, who in turn help to build the success of our business and reflect the diversity of the communities we serve.

Job Description

- Creating new project records in line with projects policy and approval notes from Capital Governing Body
- Performing accurate recording; documentation and reporting of all transactions within agreed SLAs and KPIs
- Analysing project costs; providing insight and consistent guidance to project managers and relevant stakeholders
- Monitoring project costs against agreed budget and ensure the budgetary compliance
- Ensuring all transactions have been accurately accounted for as part of period end cycle and before project closure in line with the project handbook (guidance document)
- Ensuring transfer from construction-in-progress to fixed assets is in line with Tesco Group Accounting Policy
- Support Project Manager and Finance Business Partner in project appraisal; governance and delivery of project with analysis; insights and adjustments as require
- Source asset tags from asset controllers/project managers/asset admin and perform asset registration
- Ensuring compliance with Risk & Control Matrix Framework relating to Projects off system and on system processes
- Following our Business Code of Conduct and always acting with integrity and due diligence
- Identifying operational improvements and finding solutions by applying CI tools and techniques
- Actively participate in functional finance strategy and organisational strategy
- Support internal and external audit requirements
-Challenge status quo and drive process improvement ideas
- Support new joiners in the team to learn the process
- Drive continuous improvement in the process and act as a spoc for the team
- Be the SME and SPOC for the vertical and ensure knowledge is up to date on new processes and ways of working
- Updates SOPs as instructed

Qualifications

Advance Ms Office - Excel; word; Powerpoint; Eye to Detail; Planning and Organizing; Process Mapping Tools & Techniques; Process Coaching; Problem Solving; Stakeholder Management; Numerical Ability Knowledge of basic accounting; fixed assets accounting and projects flow

Additional Information

Last Date of Application: 13th June 2024

Important Notice: 

On behalf of Tesco Bengaluru, we must caution all job seekers and educational institutions that Tesco Bengaluru does not authorise any third parties to release employment offers or conduct recruitment drives via a third party. Hence, beware of inauthentic and fraudulent job offers or recruitment drives from any individuals or websites purporting to represent Tesco. Further, Tesco Bengaluru does not charge any fee or other emoluments for any reason (including without limitation, visa fees) or seek compensation from educational institutions to participate in recruitment events. 

Accordingly, please check the authenticity of any such offers before acting on them and where acted upon, you do so at your own risk. Tesco Bengaluru shall neither be responsible for honouring or making good the promises made by fraudulent third parties, nor for any monetary or any other loss incurred by the aggrieved individual or educational institution. 

In the event that you come across any fraudulent activities in the name of Tesco Bengaluru, please feel free report the incident at