Account Executive – IKEA
Al Futtaim Group
Cairo, Egypt
Ref: HP698-3995 		Al Futtaim Group

The Role


The Role

One of the companies bearing Al-Futtaim name is IKEA.
IKEA is the world's largest home furnishings store, founded in Sweden over 60 years ago. Our operations around the world are constantly increasing with new stores and markets added to the success story.
At IKEA not only our furniture is down to earth, straightforward and inspiring, but so is our work ethics. Despite being the leading home furnishing retail franchisee across the world, we at IKEA still give you the room to grow! At IKEA creating a better everyday life for the many isn't only our vision, it's our way of life!Responsible for securing that the financial processes are set up and work efficiently so that all sales and costs are registered in the accounting systems correctly and according to the local legislation regarding accounting rules and standards.
Responsible for supporting the finance function by working with the Store and Service Office teams - to adhere to annual financial cycle and budgetary requirements.

STORE OPERATIONS

* Secure that all stores have operating procedures in place to secure that work is organised well and division of responsibility is clear across and between departments.
* Ensure that proper systems, routines and store operating procedures within your area of responsibility are developed and implemented throughout the IKEA retail organisation.
* Consult the stores' Customer Relations Managers in matters dealing with cost-efficiency.
* Together with the stores' Customer Relations Managers, you determine, monitor and follow up on key figures and store reporting.
* Secure that the management processes are working and that all stores are able to produce follow up reports.
* Preparation of audit schedules and coordinates with the Contracts department for customer account reconciliations.
* Coordinate with Store Contract sales for the timely submission of invoices and collection of amount due.Secure consistency between all stores and that Key Performance Indicators are set for all departments.

SERVICE OFFICE LEDGER

* Processing for sales registering, cash and electronic funds transfers as well as all invoice payment procedures.
* Review vendor invoices and payment requests and sort and match invoices with LPO and check requests.
* Check for completeness of document, eg: Original Invoice, LPO & Delivery document.
* Forward the documents to the concerned customer's Accounts Department.
* To forward outstanding statement of account to customers on a regular basis.
* Forward the report to contracts for follow up on outstanding receivables
* Analysis of age of debtors, provision adequacy and reconciliation between Navision and SAP.
* Submission of Intercompany Invoices.
* Ensure Bank Reconciliations are received from Retail Office, Follow up and close outstanding items in the reconciliations.
* Support Specific GL Accounts and Sub-ledger account reconciliations on a monthly basis and pass necessary entries in SAP/Navision Module.
* Confirmation and Vendor Accounts reconciliations on a periodical reconciliation with their accounts.
* Support the specific business process, working together with all stores in your Territory.
* Scrutiny of Vendor invoices and sending to Retail Finance for Payment processing after necessary approvals.
* Support in preparing Specific MIS/Audit Reports as required.

PAYROLL, EXPENSES & LPO's

* Responsible for implementing rules regarding the authority levels for each role in the organisation.
* Ensure that appropriate insurance conditions and regulations are fulfilled throughout the organisation.
* Manage all matters related to Finance in accordance with local legislation.
* Maintain all hard copies of all contracts between IKEA and all business partners acting as the central archive of contracts.
* Support the administration and audit of Salary for IKEA.

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.

STORE/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.

Requirements


Requirements

QUALIFICATIONS, EXPERIENCE, & SKILLS:
Minimum Qualifications and Knowledge:

* Must have at least 5 years experience in a Finance function.
* Preferably 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 numeracy skills.
* Excellent Excel and Microsoft skills.

Job-Specific Skills:

* Must have proven leadership abilities and lead by example.
* Ability to find solution.
* Analytical and tactical ability.
* Dynamic, action-oriented leader, who meets deadlines and makes it happen.
* Self awareness and understand how your behavior effects others.

Behavioral Competencies:
Interpersonal Skills, Business Acumen, Problem Solving, Confident, Leadership Skills and Strategic Thinking.

About the Company


About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Group’s continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Group’s belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.

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