SASA_IND_Chief Accountant

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.

Purpose of function

The Supply Area Finance Performance & Operations function secures compliance to internal and external regulations in the operations of all Purchasing & Logistics companies. We do this in several assignments such as Controllership, Transactional Finance, Specialist Finance, Business Finance (Supply Area performance) and Risk & Compliance.

Purpose of job

As Chief Accountant you are responsible for legal (tax & statutory), Inter IKEA and statutory reporting required under local law. You manage the Accounting function including leading the related agenda, setting priorities and oversee the execution of related activities.

Assignment:

• Responsible for legal (tax & statutory) and Inter IKEA reporting, including transfer pricing and other periodic tax & statutory filing required under local law. When required, represent the company externally.
• Secure compliance with tax regulations and reporting requirements by overseeing the statutory accounting, also ensure accurate and timely processing of financial transactions.
• Manage the Accounting function including leading the related agenda, setting priorities and oversee the execution of related activities.
• Lead processes of journal entries, allocations, provisions, accruals, deferrals, and GL documentation to maintain accurate financial records.
• Secure fixed asset depreciation, depletion, and amortization, and oversee asset reports to reflect and report on the asset portfolio.
• Lead the closing process, close sub-ledgers (AP, AR, FA, Inv.), analyze variances, reconcile accounts, perform FX revaluations, reconcile intercompany transactions, and close the general ledger for accurate and timely financial reporting.
• Ensure that the Chart of Accounts and related data management is consistent with financial reporting.

Supply Area FP&O specific:

• Responsible that local applications and processes are adequate, in place, documented and implemented.
• Responsible for governance and corporate compliance and key controls in legal entity.
• Continuously work with improvements and actively participate in applicable Finance Performance & Operations Networks and global projects.

Knowledge:

• Qualified Chartered Accountant.
• Minimum 7 years work experience in similar position.
• Good knowledge of financial processes, general accounting procedures, tax and other legal finance regulations.
• Knowledge of Inter IKEA Financial Manual and other Inter IKEA regulations.
• Good knowledge in MS office and knowledge of accounting and reporting systems.
• Good communication skills.
• Fluent in local language and English.

Motivation:

• Enjoy and get energy in creating structure, priorities and accuracy.
• Enjoy working methodically and structured with attention to details.
• Committed in looking for ways to simplify and improve ways of working.
• Inspired and guided by IKEA culture and values.
• Eager to work and contribute in a global environment/matrix.

Capabilities:

• Analytical, structured with the ability to see the total holistic picture and at the same time pay attention to details.
• Ability to communicate with both internal and external stakeholders.
• Service minded.
• Ability to work with problem solving, flexible, adaptable and take the initiative for improvements.
• High commitment, work ethic and integrity.

Please send us your application – CV and letter of motivation. Make sure you tell us why you would be a good fit for this role. Please send at the latest April 28th 2025. Please note that we will be interviewing 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.

This is a permanent position located in Bengaluru, India. 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.