Job Description
Overview of the role
Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports.
What you will do
General Ledger (G/L) Scrutiny
- Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports
- G/L schedules - scrutinize and prepare G/L schedules for review by line manager
- Reconciling various GL accounts and prepare schedules.
MIS
- Reporting: prepare various reports for all stores (sales, performance, FLASH, management meeting pack, etc) and submit to management for review & action
- Month end BPC upload
- Prepare IKEA Specific weekly & monthly reports.
Monthly closure of books
- Reviewing expenses accounts for the month and passing necessary accrual entries and maintaining accrual schedules.
Inventory
- Reconciliation of inventory entries between Navision & SAP
- Monitoring of Costing Load Factor of both Store & IFB
- Stock provision analysis on monthly basis in line with the financial policy
Capex
- A Point of contact for stores for Maintenance requisition/contracts and capital expenditure requisitions approvals and forward the same to stores after obtaining necessary approvals at service office.
- Updating capital expenditure cost by project and keeping track of payments
- Pre-opening cost track sheet to be maintained & monthly updated reports to be forwarded to the concerned Project Head.
Budgeting
- Support the finance manager in building up the budget and secure that the annual goal-setting process is working
- Supporting the business goal-setting process that leads up to the defined budgets for each department
- Support departments understanding of budgeting process and how it influences the motivation in the organisation
- Responsible for monitoring department’s budget and expenses and flagging to the Finance manager any discrepancies
- Budget uploads in BPC & SAP
Regional Support
- Support with the Regional Expansion Plans whenever necessary including planning and pre-opening phases
- Support with improving current ways of working and business practices
Skills
Required Skills to be successful
- Exceptional creativity and innovative design skills
- Excellent communication and presentation skills
- Organizational and time-management skills for meeting deadlines in a fast-paced environment
What equips you for the role
- A Bachelor’s Degree minimum required
- Must have at least 1 years’ experience in a Finance function
- A university degree in Business Administration or Finance or relevant job experience from several years in finance department in a large-scale retail operation
- Desirable to have detailed know how of the IKEA Concept in order to implement the IKEA Concept
- Excellent mathematical and numerical & analytical skills
- Excellent Excel and Microsoft skills
- Proactive approach to issues
