The IKEA vision is to create a better everyday life for the many people. We do this by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. We operate in Singapore, Malaysia and Thailand – and have an ambitious expansion plan to bring a little bit of Sweden to new markets in the region. We are part of the Ikano Group of companies and the only IKEA franchisee owned by the Kamprad family that founded IKEA.
We also develop, own and operate Shopping Centres that are anchored by IKEA and create walkable communities by including residential, office and other types of real estate in our development plans.
We work towards making sustainability a natural part of our everyday work. We are active in our communities, driving and supporting social initiatives that benefit children, women and the environment.
About the job
This role is pivotal in providing financial analysis to ensure strong financial rigour is applied to key decision-making in IKEA Tampines. Reporting to the Store Business Navigation Manager, you will be involved in the budgeting and forecasting process, working together to translate the store’s strategy and goals in Profit and Loss (P&L) scenarios using financial analysis and benchmarking. Working with multiple functions across the business, this is a highly visible role that represents a great opportunity to develop a thorough understanding of IKEA commercial operations.
Having the full understanding of the store’s P&L and support the Store Business Navigation Manager in steering actions to provide store in shape as new, reducing costs while considering all impacts on the store’s P&L
Support the budgeting and forecasting process through close follow-up of the P&L and provide regular updates to store management on the store’s financial position and provide recommendations
Identify, assess, and translate key industry trends into emerging risks and strategic business opportunities that shape the trajectory of our commercial opportunities
As a subject-matter expert, you will provide relevant and user-friendly business information on the store’s performance KPIs through dynamic reports. You influence with data, and articulate key insights to the store management team to drive sound business decision making
Responsible for timely and accurate closing of the monthly account, and all necessary procedures for monthly closing and annual closing while ensuring compliance with IKEA accounting standard, legal, tax, and statutory compliance in Singapore
Support the correct procurement of indirect material by requesting and comparing supplier quotations, performing periodic reviews on contract management and supervision to ensure purchases are compliant to procurement principles and IWAY standards
Support the staff planning process through analysis on productivity drivers to maximizing resource availability and skill-base across all departments
Minimum 6 years of finance experience and a professional who feels invigorated by a fast-paced and dynamic environment
A globally recognised professional accounting qualification, e.g. CPA, ACCA, CIMA, etc is preferred
Good communication skills with the ability to present financial information to non-financial stakeholders
Ability to influence and galvanizing others to follow you toward a solution
Excellent analytical capability and critical thinking skills with a strong eye for details
Ability to work collaboratively with multi-cultural business partners and stakeholders, and work effectively within cross-functional teams in a matrix organization
Experience in ERP or financial reporting systems like TM1, MVBC, Qilkview
A retailer who contributes towards the business through actions and presence including weekends, public holidays, and on rotating shifts