UAEN Finance Executive | Retail | IKEA RSO

UAE

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


Post date: Today
Publisher: Bayt
Post date: Today
Publisher: Bayt