Finance
Our finance team is at the heart of our success, integrating with the business, partnering with all of our stores, sites and central teams to continually improve our performance and help our diverse business to grow.
Development that adds up
More than a number
Join our finance team and you’ll work closely with the business, influence decisions and support exciting projects. As part of the finance team of a FTSE 100 business, there are a variety of finance roles available, to build a broad and interesting career. Here, you’ll have the opportunity and support to continually develop your skills and experiences at all stages of your career. .
In finance, we play an important role in helping the business deliver our 6 priorities and build a broader, stronger business - supporting our stores, sites and across our online and wholesale channels.. If you’re passionate about finance and relish new challenges, you can look forward to plenty of variety. There’s never a dull moment!
A team to count on
You won’t be surprised to hear that we take the lead with budgets, forecasts, variance analysis, financial reporting, controls and company-wide transactions and processes. But there’s so much more to us than that. Working with stakeholders across retail, manufacturing, logistics and head office, we provide vital financial information, controls and reporting. Understanding our business is key to the success of the financial team. We present timely and accurate financial information to support business decision, improve performance and provide insight - whilst ensuring financial control is maintained.
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Group finance
Our Group finance team is where the numbers ‘ come together’. As well as producing the Group’s management accounts and external financial reports, the team works closely with business support functions, maintaining financial control and analysing performance. Being exposed to a range of functions across the business, it’s a great place to get involved in all kinds of finance and wider business projects, that will help your career to develop.
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Commercial finance
Commercial finance teams provide support to the trading function of the business, covering everything that is bought and sold through Morrisons stores. The roles are incredibly diverse in their nature and involve working with a wide range of stakeholders to deliver accurate performance reporting and insights, analysis of trading performance trends, costs and supplier income recognition, annual and quarterly budgeting and cash collection. The pace of the business is intense, but the work is challenging and rewarding. It is somewhere you can make a real difference to the overall performance of the company and where you will have lots of opportunities to learn and grow.
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Retail finance
The retail finance team manages the annual cost base for stores including payroll, waste and markdown and other store expenses. Communication and stakeholder management are key skills in this team as we have stakeholders across the country. Our main stakeholders are the operations directors and their regional field teams who we partner to control costs and improve store performance. Day to day we analyse and report on key performance metrics for stores as well as managing the retail P&L. Working with the rest of the business we are able to budget and forecast these costs lines and support with the implementation of new retail initiatives. The most rewarding aspect of working in this team is the ability to quickly see the impact you are having on the business just by walking in to one of our stores.
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Logistics finance
We work closely with our colleagues in distribution and supply chain to deliver exceptional service to our shops and wholesale customers. We maintain financial control and analyse performance to allow us to work together with our operational partners to ensure this service is delivered in a cost effective manner.
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Property finance
We partner the property operational teams as they focus on one of Morrisons' key priorities - making our core supermarkets strong again. Whether reporting on and prioritising maintenance spend, planning projects with the energy team to drive energy efficiency, or appraising business plans for our Fresh Look programme or new store concepts, there's plenty of opportunity to make a difference, and to grow and develop as a finance professional.
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Finance operations
We oversee accounts payable and receivable, store cash, travel, cash office & expenses, profit recovery, online, wholesale, balance sheet reconciliation and the processing of these activities by our partners.
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Cash reporting & forecasting
We are involved in all aspects of working capital, from stock to supplier income, debtors to creditors and everywhere in between. In addition we help the business understand performance from a supplier and range perspective. We regularly deal with the most senior stakeholders within the business and play a key role in understanding our net debt position for external reporting.
Touching so many areas of the business and dealing with a diverse range of stakeholders, a role within Cash reporting & forecasting gives the ideal opportunity to expand technical and interpersonal skills.
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Marketing finance
Partnering with our marketing team, our financial know-how helps them deliver innovative plans and put Morrisons in the spotlight. As well as analysing the past, present and future sales performance of our stores, we control all kinds of costs from advertising, digital and PR to coupons, our 'More' card and colleague discounts. Based at Hilmore House, we get a great overview of activities across our stores and different channels, as we support all kinds of teams from own brand, trade and event planning to pricing, local and customer service.
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Tax & treasury
As well as managing financial risks, insurance, debt funding and our relationships with our banks, we advise on tax and make sure we meet our tax obligations.
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Finance process improvement and projects
Using lean methodologies and our good understanding of the business, we deliver all kinds of projects that implement new technology and simplify and speed up our processes.
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Manufacturing finance
Our finance team supporting manufacturing have a vast range of responsibilities, as you might expect given the many different products that we make and provide. We work closely with our colleagues operating the sites, analysing financial performance and helping to identify improvement opportunities. Our finance team work across the full geography of the sites, as well as with our head office in Bradford, providing a great range of opportunities depending on your location. Being at the heart of the business and a key part of the supply chain makes manufacturing a fascinating environment to learn and develop as a finance professional, providing some truly unique and distinctive experiences.
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Systems development
We get involved with a wide range of projects, including new initiatives such as wholesale and ensure that those projects can be incorporated into Finance by assessing the impacts on: accounting, controls, finance operations and commercial analysis.
The rest of finance is our customer, but we need to work with many other parts of the business to ensure that the solutions delivered are fit for finance.
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Risk & internal audit
We provide independent assurance to the board that major risks are being managed appropriately and that the control environment is operating effectively. The audit plan covers all areas of the business, including stores, logistics, manufacturing sites and all head office functions. It is a role that provides a great overview of the business where you can make a difference.
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Wholesale finance
Wholesale finance is responsible for all financial planning and reporting (FP&R) for P&L, capital requirements and working capital for wholesale and supporting the wholesale leadership team to drive this growth area of the business. In addition to FP&R, wholesale finance will manage the debt position with customers, provide analysis and business cases for potential new wholesale customers and any owned kiosks extensions or rebuilds. It is a fantastic team with great opportunities, in an area of the business that is constantly changing.
TYPICAL ROLES
Senior finance manager - Leading the finance team and playing a leadership role across the business,, our Senior Finance Managers help the business to optimise performance and results whilst setting a culture which provides a robust control environment to protect the company. They support the decision making in the business by providing the relevant information and having a seat at the table. Strong written and verbal communication skills is essential as well as experience of leading large teams and working closely with non-finance stakeholders. As well as a CIMA, ACA, ACCA or equivalent accounting qualification, you’ll need a good understanding of financial accounting, and management systems.
Finance manager - Managing our teams of accountants and assistant accountants, our finance managers ensure a strong financial control environment alongside supporting the delivery of our ambitious plans. Our finance managers ensure that accurate and timely financial information is produced and work with senior business stakeholders to understand and drive performance. Good communication skills and experience of managing teams is needed. As well as a CIMA, ACA, ACCA or equivalent accounting qualification, you’ll need a good understanding of financial accounting and management systems and strong IT skills.
Accountant - Our accountants love solving problems in our fast-paced environment and building strong working relationships with colleagues across all areas of our business.
We look for qualified accountants with either CIMA, ACA, ACCA or equivalent accounting qualification. Good time management and an ability to work to tight deadlines, you must be passionate about finance with the drive to influence change and improvements. Always aware of the bigger picture, you should also have a great attention to detail. Experience of monthly reporting, accounting software, and spreadsheet skills is also needed for most roles.
Assistant accountant - Our assistant accountants deliver an excellent service to our colleagues, answering their queries, supporting reporting and operating controls.
With or working towards a CIMA, AAT, ACA, ACCA or equivalent, you must be resilient and self-motivated, with an eye for detail and excellent analytical and numerical skills. You should also have a good understanding of accounting software and the ability to hit deadlines in a fast-paced environment.
“You don’t always think about it as a customer. But it’s amazing what goes on behind the scenes at a major supermarket. It’s really interesting.”
Gemma - accountant - property finance
