Note! This job has been aggregated through external sources, the Apply link will take you to the company's website.

Finance Executive - IKEA - Service Office - Dubai Job in United Arab Emirates
Al Futtaim Private Company LLC , United Arab Emirates

Never pay for job application, test/interview.
Safe Job Search | EEO Laws in UAE
2 Years
0 - 0 USD
Job Type
Job Shift
Job Category
Requires Traveling
Career Level
As Described in Job Ad
Total Vacancies
1 Job
Posted on
Apr 9, 2021
Last Date
Jul 30, 2021

Job Description

About Al-Futtaim Private Company LLC

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

About Al-Futtaim IKEA


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.

Al-Futtaim IKEA holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.

About You

You are driven to exceed your goals. You are inspired by working together in fast paced and complex environments. You are interested in people’s everyday life at home and in home furnishings.

What's more, we believe that you have the following knowledge, capabilities and motivation:

Live and share the IKEA values every day

Bachelors Degree in Finance with experience in tax accounting and accounting software

3 to 5 years in a similar role

Proficient in MS Office applications (Excel) and ERP systems like SAP

Good financial, tax and audit acumen

Strategic Planning and Analytical Skills

Effective Communication

Job Specification

About the Role

You are responsible for working closely with the accounting team, Stores, SSF and tax department to provide support in managing business requirement on daily basis relating to smooth running of the business. You ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports.

Key Specific Accountabilities:

General Ledger (G/L) Scrutiny & Accounts Payable

Constantly monitor and maintain the book of accounts (G/L, sub ledger) accurately so as to reflect true and fair view of the company in the performance reports

G/L schedules - scrutinize and prepare G/L schedules for review by line manager

Reconciling various GL accounts and prepare 'action-triggering schedules

MIS and Reporting

Monitor variances versus budgets and provide detailed MIS reports to other departments

Ensure compliance with group accounting and financial policy

Petty Cash Handling

Ensure that the RSO petty cash is tracked, maintained & accounted so that it always remains balanced (JH has to issue & maintain petty cash as per company procedures. Petty Cash must be reconciled on a daily basis to balance the same. Expense statement must be submitted to APSSC for replenishment)

Reviewing Store petty cash statements submitted for reimbursement & advises Store cash admin team on the changes to be done, when necessary. Checks for the Group & VAT compliance.

Accounts Payable

Coordinate, review and ensure with Shared Service AP team, Inventory and AP related control GL accounts are reconciled and necessary action taken on a continuous basis.


Analyzing the travel expenses account and maintaining a monthly schedule for the same.

Internal Controls and Policies

Ensure compliance with group accounting and financial policy

Work with store teams to handle VAT related compliance all the time in store

LPO Creation

Create LPOs for Regional Service Office departments as & when required, circulation of ZOPO – Open LPO listing on monthly basis to RSO department heads, follow up on invoice submissions, perform Invoice verification & forward the documents to APSSC for payment process.

Handling of Clearing Accounts

Work on clearing accounts – Cash, Credit Card, Forex & Other clearing accounts on monthly basis


Generating Inter company reports on regular basis, follow up pending invoices & accepting ICMs

Coordinating with Retail Finance on the pending ICMs

Customer Service

Ensure that the finance department delivers timely and qualitative information to all departments on all aspects of the business

Coordinate with vendors on submission of proper invoices towards the VAT recoveries

A few more things for you

Interest? Then please join us for a rewarding career journey!

We are here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click, “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Al Futtaim Private Company LLC

Consumer Goods - Dubai, United Arab Emirates