Finance Executive Full Time

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

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.