Lead - Financial Accounting

About the role

• Reconcile General ledger to Subledger and being accountable for the financial close process in accordance with agreed period close schedules and in compliance with financial standards (TGAP) and controls framework. 
• Understanding the relevant systems to ensure correct processing of financial transactions including Application of 
• basic accounting concepts of Debits / Credits, Control accounts while recording transactions. 
• Responsible for completeness and accuracy of various trackers. 
• Review of the reconciliations inline with best way requirements as per Risk assessment methodology, adheres to timelines and understands the importance of accuracy to avoid surprise scenarios in balances sheets. 
• Ensure highlighting of all accounting issues in the Balance sheet reconciliations with suggested probable solutions 
• Be considered as go to person for the team & Liaising with different IT teams / Business teams. 
• SME who can be approached for Accounting/ reconciliation issue. 
• Supports Internal and External Audit. 
• Following our Business Code of Conduct and always acting with integrity and due diligence 
• Understands "MY" Objectives and work priorities (including Key Performance Indicators) and works towards achieving and exceeding them 
• Is a good Teammate, and takes on First Line Supervisory responsibilities of coaching, training and communication.

You will be responsible for
Refer to "About the role"

You will need
Required: * Balance sheet Reconciliation & P&L concepts * Conceptual Knowledge of IFRS / IAS

Preferred: * Qualification - Chartered Accountant * Knowledge of Retail industry, Business, Operational

aspects of retail (stores), Commercial (Buy & sell)

Whats in it for you?
At Tesco, we are committed to providing the best for you. 

As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day. 

Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits.  

Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable. 

Salary
- Your fixed pay is the guaranteed pay as per your contract of employment. 

Performance Bonus
- Opportunity to earn additional compensation bonus based on performance, paid annually 

Leave & Time-off
- Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company's policy. 

Making Retirement Tension-FreeSalary
- In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF. 

Health is Wealth
- Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws. 

Mental Wellbeing
- We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.  

Financial Wellbeing
- Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.  

Save As You Earn (SAYE)
- Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.  

Physical Wellbeing
- Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle. 

About Us

Tesco in Bengaluru is a multi-disciplinary team serving our customers, communities, and planet a little better every day across markets. Our goal is to create a sustainable competitive advantage for Tesco by standardising processes, delivering cost savings, enabling agility through technological solutions, and empowering our colleagues to do even more for our customers. With cross-functional expertise, a wide network of teams, and strong governance, we reduce complexity, thereby offering high-quality services for our customers. 

Tesco in 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 3,30,000 colleagues. 

Tesco Business Solutions:

Established in 2017, Tesco Business Solutions (TBS) has evolved from a single entity traditional shared services in Bengaluru, India (from 2004) to a global, purpose-driven solutions-focused organisation. TBS is committed to driving scale at speed and delivering value to the Tesco Group through the power of decision science. With over 4,400 highly skilled colleagues globally, TBS supports markets and business units across four locations in the UK, India, Hungary, and the Republic of Ireland. The organisation underpins everything that the Tesco Group does, bringing innovation, a solutions mindset, and agility to its operations and support functions, building winning partnerships across the business. TBS's focus is on adding value and creating impactful outcomes that shape the future of the business. TBS creates a sustainable competitive advantage for the Tesco Group by becoming the partner of choice for talent, transformation, and value creation