Management Accountant – IKEA

Job description / Role

Management Accountant - IKEA - Cairo Festival City - Egypt

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!

In this role you will be responsible for:

Responsible for providing financial and administrative support in order to ensure effective, efficient and accurate financial and administrative operations. Including processing and monitoring payments and expenditures, supporting expansion team, ensuring that AL Futtaim policies are adhered, highlighting variations to plan and liaising with finance shared services

Management Information Support

* Support in the routine finance issues, and
* Support and guide the team to ensure that the policies and the law of the land are adhered.
* Reporting: Manage the pre operative expenses, Capital expenditure and prepare various reports for all stores (sales, performance, FLASH, management meeting pack, etc) and submit to management for review & action.
* Margin Analysis : prepare periodic margin analysis report & submit to management for review & action
* Markdown Sales Analysis : prepare weekly markdown sales analysis report & submit to management for review

Pre Opening / Capital Expenses (Existing and new projects)

* Ensure that preopening expenses are tracked / accounted and informed to the management on a monthly basis.
* Provide insight and explanations for discrepancies working with relevant line managers to support amends/justification Submission of Tax Returns
* Provide expert knowledge to the business on taxation issues and how best to plan & prepare for costs
* Coordinate with Shared services and support to ensure that all submission to Govt authorities are done on time.
* Support the management to ensure the compliance of Govt and Al Futtaim policiesBUDGETING/Latest Estimate (LE)
* Prepare & compile previous years (LY) budgeted & actual business figures,
* Carry out logical analysis and submit to relevant line managers requesting for current budgets -
* Support the budgeting process by consolidating reports and analysis and prepare the budget/LE summary by division/store/location

Audit/Review

* Work with the internal & external auditors to provide the relevant documents ensuring that all queries are accurately advised.
* Carry out own internal audits to ensure safeguarding of relevant policies & processes, providing full written statement and appropriate business actions where necessary
* Carry out a quarterly query of inventory that are aged over 1 year - prepare and submit a report showing cost, original retail, existing retail to the buyers.

Business Continuity

* Support role to the Finance Manager with ad hoc project management and necessary reports to support the finance function and relevant business information including preliminary workings for the capital requirements for New store expansions.
* Ensure that Navision is operational at all times and monitoring of system, working with IT manager to ensure business continuity
* Ensure the SAP, ERP and Navision interlink and develop a good understanding of system usage and potential of the system
* Ensure the accuracy of the trial balance to reflect the real picture of the company financial position. And prepare monthly Balance Sheet analysis.

Requirements

To be successful in winning this role, you will be able to demonstrate

Minimum Qualifications and Knowledge:

* Commerce Graduate with experience MS Office and SAP& Navision (Preferred).

Minimum Experience: 

* 5 years experience in a similar role.
* Retail background

Specific Skills:

* Analytical skills,
* Financial modeling skills,
* Good communication skills and
* Problem solving skills.

Behavioural Competencies:

* Must have the ability to create an environment where the IKEA values are a strong and living reality that embraces the diversity of co-workers and visitors

* Customer Focus
* Individual Accountability
* Continuous Improvement
* Personal Leadership

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 Groups 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 Groups 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.