Job Description

Accounting & Reporting Specialist"You care about making a positive impact in the world. You understand greatness requires thinking differently. An inclusive and accepting work environment is important to you.A job at IKEA is so much more than home furnishings. Together, we work to make a better everyday life for the many. It's the perfect fit if you want to contribute, grow, and share. Join the team and start a better life for yourself."LocationBengaluru Service OfficeEmployment typeFull Time PermanentDepartmentFinance, Accounting & TaxDeadline2024-07-05Mobility supportDomesticYou already applied for this job.Candidate profile (title) Who you areCandidate profile (text) - Default language As a person you are passionate about people, business, IKEA's purpose and continuously driving better performance. You are energized by increasing customer value, driving business growth and contributing to overall success and results through people as well as motivated by leading and developing people.For this role we believe that you have:Formal education in accounting, preferably a Master/bachelor's degree economics/Finance/Accounting.
3 years of increasingly responsible accounting and/or auditing experience in similar or larger organization. Advanced knowledge of accounting principles (e.g. INGKA and local GAAP). Business knowledge and cross functional understanding of Ingka's operations. Understanding the impact of company legal (GAAP, Tax, statistical) obligations, governance and compliance. Ability to communicate in English. Formal education in accounting, preferably a Master/ bachelor's degree in economics/ finance/ accounting.Comprehensive understanding of the IKEA concept, its Brand identity, Culture & Values and strategic directions.Advanced knowledge of the measurement, processing and communication of financial information regarding economic entities, which aims to document the organizations\' resource management.Advanced knowledge of Ingka's accounting and financial reporting rules, standards and manuals, along with International Financial Reporting Standards (IFRS) and General Accepted Accounting Principles (GAAP).Advanced knowledge of how to assess, analyze and mitigate risks in a business environment.Advanced knowledge of how to plan, measure financial records in compliance with internal and external regulations and ensuring value for money in reaching business objectives and long-term profitable growth.Good understanding of data science, new technologies, analytics and their wide-ranging application in business context.Advanced knowledge of how to create and implement change initiatives and manage stakeholders in Ingka.Good knowledge of project management processes including methods and tools; and how to integrate them.Good knowledge of the customer needs demands and expectations on the markets.Passionate about creating an Ingka fit for the future.Energized by increasing customer value, driving business growth and contributing to overall success and results through people.Motivated by leading and developing people.Inspired by working together in an ever-changing multi-dimensional environment.Motivated by sharing and living the IKEA culture and valuesAttention to detail: thoroughness and quality in accomplishing a taskAnalytical: to examine data, determine cause & effects, draw conclusionsResults orientation: to focus on meeting and exceeding the desired resultCommunication: ability to communicate in clear, straight forward mannerEntrepreneurial Management: - Inspire & Clarify - Unleash EntrepreneursPerformance with meaning: - Create customer value - Lead with IKEA ValuesWorking together: - Collaborate & Co-create - Building strong relationshipsKey responsibilities (title) Your responsibilitiesKey responsibilities (text) The Group Financial Controlling team leads the Financial Controlling Function providing support to the three core-businesses IKEA Retail, Ingka Centres and Ingka Investments. To lead, steer and support overall Ingka financial reporting that is beneficial to people & planet and protects and adds value to our assets, securing profitable growth and financial independence. By providing Accounting & Reporting services, supporting a strong compliance framework, and effective governance to enable entrepreneurship and safeguard our people, customers and businesses.Contribute to the accurate and timely execution, preparation and submission of all financial reporting in compliance with INGKA Group frameworks and local GAAP and other (local) applicable regulations / requirements.Maintain and secure the right level of quality of accounting and reporting as a base for business steering and compliance.Review quality issues and communicate to the team and/or country group to organize remediation.Responsible for various types of reconciliations, analytical review, analysis and maintaining effective internal controls.Review, prepare, post and reconcile journal entries like SAREC+, costs and revenues, accruals, intercompany charges, administrative tasks linked to treasury (cash flow) and functional adjustments.Secure all relevant data is processed accurately, timely and according to the accounting framework.Contribute to working with Group and Country organization to minimise deviations from standard global frameworks for local business needs and compliance reasons and secures effective ways of working. Participate in global projects and support local execution (as part of these projects) to simplify, harmonise and automate financial operations and reportingCarry out internal and external audit related work, yearly filings and other compliance activitiesSupport and maintain a connection with and between core areas, business owners, group functions, process teams within the Ingka Group.Maintain cross-organizational readiness and continued business growth in terms of competence, performance and succession through enabling an end-to-end approach.Contribute to a safe environment for co-workers and external consultants and contractors in accordance with Ingka policiesTeam vision ( title) Together as a teamTeam vision (text) We see ourselves as influencers - we steer the IKEA business by finding the truth behind the figures. Together we secure compliance with local and international laws and reporting standards; we assure that accounting processes are efficient and that tax compliance meets business needs. We're a diverse group of people driven by providing reliable financial data to a wide variety of stakeholders. At the end of the day, that's one of the foundations to make IKEA even better!As engaged, open-minded and curious experts in all parts of the real estate business we take responsibility for the real estate business at Ingka Group as a trustworthy, appreciated and wanted business partner. We secure new and maintain existing physical locations to meet the needs of many people. We provide strategic insight based on our knowledge and understanding of the real estate portfolio in Ingka. We take the lead in delivering safe, compliant, sustainable and innovative property solutions - with Democratic design and life cycle cost on top of our mind. We actively maintain and secure that our properties are kept in relevant shape for the business.WE ARE AN EQUAL OPPORTUNITY EMPLOYER:At IKEA we value diverse backgrounds, perspectives, and skills. We are committed to providing coworkers with a work environment free of discrimination and harassment. We encourage individualism and invite you to come join our team and be yourself with us! We are an Equal Employment Opportunity employer and do not discriminate based on race, religion, color, national origin, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristic protected by law. All employment decisions are based on qualifications, merit and business needs.Why you will love usFrom the deep forests in Sweden, we have spread our culture and values around the world. At the heart of our offer are our beautiful home-furnishing products and solutions, made with care for our planet, reaching millions of customers.At the heart of our business, are our wonderful co-workers representing diversity in all dimensions and passionate for life at home. We all contribute with our uniqueness and we want to grow and develop together.Our vision, to create a better everyday life for the many people inspires and guides us in everything we do. This is IKEA.What we all have in common

• Living our values
• Being your unique self, while respecting and including others
• A passion for home furnishing
• Performing & delivering while learning & developing
• Having fun!

IKEA