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Stock Accountant (Hardware)

Date: 18-Feb-2021

Location: SLOUGH, GB

Company: Telefónica S.A.


Tesco Mobile (TM) is a big success story within the UK mobile industry. Since our inception 15 years ago we have built a reputation for customer service, value for money and innovation


We are the largest and most successful MVNO in the UK and one of the world leaders in this space.  As the brain child of two of the UK’s most successful brands, the Joint Venture continues to benefit and develop from the collective expertise of our two shareholders – Telefonica and Tesco.


TM has more than 5 million customers and annual revenues in excess of £800 million.  Our passion for customer service has helped deliver the lowest customer churn in the industry, the lowest customer complaints (five years running) and Which? Recommended provider for ten years running.  We also won four uSwitch awards in 2018 including: Best Network for customer service, Best Pay Monthly network, Best Value Pay Monthly and High Street Retailer of the Year and named by Ofcom as the UK mobile network to receive the least complaints in its latest report, with the lowest number of complaints for five consecutive years.


Our ambition is to continue to grow by being the UK’s favourite mobile provider and the preferred mobile network for Tesco shoppers.


We are looking for exceptional talent to join us and help drive our continued success.




  • Accounting responsibility for handset and other hardware revenues and costs of sale, logistics costs, stock and provisions.
  • Contributing the budgeting and forecasting process for stock and cost accounting areas
  • Collaborating with the Commercial Finance team, Commercial P&L owners, Data and Insight, Operations and Devices teams, as well as warehouse and logistics partners, the role holder will ensure that all revenues, costs and related stock and cash flows are recorded and reported accurately.
  • The role holder is accountable for shaping appropriate accounting policies and ensuring they are maintained, holding the team to account to comply with relevant accounting standards in a way that stands-up to scrutiny by auditors and shareholders
  • The role holder will seek to optimise process efficiency whilst upholding the highest levels of reporting integrity, championing automation, outsourcing and/or process re-design
  • This role will be a contact for the statutory auditors and will facilitate the planning and execution of audit activity across the hardware related activities of TM
  • Stock governance and optimisation will require engagement across Commercial, Vendor Management, Operational and Finance stakeholders.  The role holder will support and enable lean stock management.


Key Skills (Essential)


  • Qualified Financial Accountant with experience in accounting and planning focused roles
  • Self-motivated with a growth mindset, curiosity and a desire to make continuous improvements
  • A proactive interest in understanding systems, processes and judgements that drive the numbers
  • Strong stakeholder management skill and experience
  • Finance ERP skills: Ideally Oracle Financials
  • Strong awareness of relevant accounting standards and their practical application
  • Previous experience of stock accounting including forward and reverse logistics within a retail/FMCG or telecoms environment
  • Excellent communication skills, able to swiftly and succinctly pinpoint what is important from a dynamic, broad and deep pool of continuously evolving data 
  • Excellent analytical skill – converting data into clear and engaging messages
  • Comfortable analysing large volumes of data and exploring exceptions, inconsistencies, mismatches and a keen eye for detail with the ability to spot trends, drivers, levers and use these to optimise performance


Key Skills (Desired)


  • A solid understanding of the mobile telecommunications industry, including stock process, cost accounting and products and risks
  • Experience of implementing process improvements/automation
  • Experience of maintaining internal controls and process documentation
  • Data analysis skills – including basic SQL queries and/or VBA macros




  • The role is based in the Slough Head Office though currently subject to Covid-19 restrictions the ability to work from home is important.
  • You’ll be expected to travel to Telefonica / Tesco / supplier sites within the UK too
  • Application Closing Date: Thursday 4th March 2021



Salary and benefits:


We’re looking to pay a competitive salary (depending on experience) for this position. We also offer plenty of extras to sweeten the deal, which could include things like bonuses, life assurance cover, health care, holiday entitlement and lots of flexible benefits. We also believe a great work-life balance is important, so we’re open to considering flexible approaches to working. Like to know more? Feel free to raise it.

If you have any questions about the role then please email who will be happy to help.