Job Description

Job ID: R0008460


Date posted: 01/08/2024


Company description

The IKEA brand is one of the most successful home furnishing brands in the world with over 450 retail stores worldwide. We are a values-driven company with a passion for life at home. Our vision is to create a better everyday life for the many people, this vision is achieved by offering a wide range of home furnishings solutions with good design and function, at prices so low that as many people as possible, will be able to afford them.


IKEA Services India is one of the Supply Areas for IKEA, which represent South Asia Region comprising of India, Sri Lanka, and Bangladesh (Supply Area South Asia-SASA). SASA has a rich history of sourcing from the South Asia region for more than four decades. Over these years, we have brought in many processes and best practices that have improved the way we work with our business partners. Transformation of textile, carpet industry and recycle plastic industry are a few such examples. This partnership with suppliers has helped to continuously grow our sourcing operations.

Job description Purpose of the function:


Business Navigation Finance and Administration function is a strategic partner who navigates the business towards success, by using our expertise to enable efficient and effective processes, connecting strategies with execution, secure the IKEA business and protect its assets.

• Business partnering - Navigate our business towards success through people and performance by spotting business opportunities, generate actionable insights and connect strategies with planning and execution.
• Lead with expertise - Provide strategic support, advice, and execution in areas like business navigation, finance, legal and risk. Lead portfolio management, project management and enable better Supply business.
• Excellence in operations - Develop and operate efficient, effective, and controlled workflows, supported by new technologies and competent co-workers organized for success.
• Governance & Safeguarding - Establish and operate efficient governance, frameworks, structures and connected assurance activities for the purpose of looking after the IKEA business and protect its assets.

Assignment

• Lead tasks related with market intelligence and contributes to industry analysis for related IKEA Supply business teams and New Business & Innovation Deployment teams
• Support business teams with IKEA supplier financing requests towards ISAG (IKEA Supply AG) by verifying it from financial and country-specific aspects and contributing to supplier financing follow-ups
• Contribute to due diligence process of all related Business Units including but not limited to Seller Assessment and Sanctioned Party Screening for existing partners and new/potential ones
• Perform annual Financial Screening of existing and New Business partners, support all relevant Business units with financial benchmarking of IKEA partners
• Perform Monthly closing of books and preparation of Budgets and Forecast.
• Lead ad hoc requested financial and/or investment analysis & extended financial screening of suppliers for all Business units in SASA
• Support all relevant business units in region with internal business finance consulting
• Work closely, on a constant basis, with SA Management Teams on performance management; preparing relevant reports on KPIs, follow up and portfolio insights, identifying gaps for business development.
• Facilitate SA Planning & Execution Process (SA PEP) and monitors SA Roadmap fulfilment.
• Capability to perform key business analysis, risk assessment, scenario planning
• Lead and facilitate financial trainings for all Business Units in SASA
• At any time, act as an ambassador of Inter IKEA values and Role Model and contribute to the global Business Navigation projects and agenda

When applicable

• Responsible for operational resource planning, reporting and be a speaking partner for all business units when it comes to navigate in the most efficient way and provide first level of insights for all business units and managers related to their Cost Centre responsibility.
• Support and challengeefficiency and performance for the business units.



Qualification

You are passionate about Finance and have the ability to contribute to business results. You enjoy working in a vibrant and changing multi-dimensional environment and appreciate the mix of tactical and operational tasks. You demonstrate general leadership ability and effectiveness with the capacity to handle multiple priorities, initiatives, interfaces and tasks. You express ideas and opinions effectively - with ability to influence and inspire.

To be successful in this role, you need to have/be:

• Degree holder in Finance and/or management with a proven track record of a minimum 5 years in Finance domain
• Minimum 3 years of experience within the area of finance (financial analysis, corporate finance, financial risk assessment, etc.)
• Good analytical skills and ability to provide fact-based insights and storytelling
• Good understanding of business and corporate finance, business processes, basics of local country's corporate law and macroeconomy indicators
• Good knowledge of MS Office tools, Power BI (preferably)
• High motivation in performance and efficiency with desire to find and implement new opportunities and ways of working
• High energy and drive to deliver results
• A passion for structure and detail, combined with ability to see the big picture and ability to share and live IKEA values
• Cross functional and cross organizational border contribution and development.



More Information This position will be based in Bangalore, India. The selection process will take place continuously, which means that we may close the application process earlier than stated if we find the right candidate. So, don't delay, please send us your application today. Please note that we don't accept application through email . If you have questions about the position, please write to Recruitment India.

•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 need.•