About the job It takes a dream to create a successful business idea....It takes people to make dreams a reality. Working at the IKEA Group means that you are part of an inspiring, fun and fast-paced environment. We’re the world’s largest home furnishing retailer, with 155,000 co-workers and operations in 43 countries, but we value working in a non-bureaucratic way. Here you can always be yourself. In fact, we actively encourage it! At IKEA, we respect each other, our differences and are open to everyone making a contribution. So no matter where you work in the world, you’ll most likely rub shoulders with a diverse group of people – with different backgrounds, special skills and a quirky sense of humour. We offer exceptional career and learning possibilities at IKEA. Our co-workers are encouraged to try different roles, and many change between functions and countries several times in their careers. You can design your own career path according to your development plan and future goals. We believe in every co-worker’s ability to develop. Because as you grow, IKEA grows too. To start growing with IKEA, take a look at our different roles and available jobs. We are currently looking for an Accounting Specialist to join our IKEA India team in Bangalore PURPOSE OF FUNCTION: Finance is an integrated business partner in securing long term profitable growth. Finance takes overall responsibility to develop Finance in line with IKEA Group’s need and strategies, and support IKEA in achieving the objectives of Growing IKEA together 2020. PURPOSE OF JOB: Within Finance, the purpose of Accounting & Reporting is to provide timely, accurate, relevant, comparable and understandable financial information. Financial information is derived through the Close, Consolidate and Report process and support judgments and decisions by the users of the financial information and securing compliance and better financial control Accounting & Reporting is made up of: Local / country Accounting & Reporting, responsible for local accounting, local / country consolidation, local / legal reporting and business partner to local IKEA companies. Group Shared Service, executing transactional activities in the field of Finance, currently these are: Travel Expense Claims (TEC), Account Payable (AP) Group Accounting & Reporting, responsible for following: Accounting and Reporting framework, processes and solutions Development of the Accounting & Reporting including competence development and compliance Group consolidation, financial control and reporting. OVERVIEW OF THE ROLE: Your role will involve but not be restricted to: Payroll accounting and payment to local employees as well as Expats in coordination with HR. Foreign currency remittance with respect to Salary payouts. Timely payment of PF, Labour welfare and other employee related expenses. Employee reimbursements on weekly basis. Month end closing including Analysis of actual cost vs budgets • Preparation of Balance Sheet Schedules and Bank reconciliation. Responsible for Group Reporting (INGKA reporting) Preparation of Bank account and Balance sheet account reconciliations Participation in the Retail Expansion Projects related to Accounting and reporting. JOB SPECIFIC EXPERIENCE & SKILLED REQUIRED: AP specialist [B.Com Graduate/ but good manual AP experience required] Responsible for day to day processing of invoices and coordinating with users for clarification etc. Recording entries in CODA for invoices and payments. Recording applicable TDS and GST at the time of invoice entry Compliance to internal process related to Purchase orders and invoices Ensure timely payment to all vendors on a weekly basis Ensure recording of invoices is as per the organisation structure and chart of accounts PREFERRED: Working experience on ERP systems ( SAP/Oracle) Good knowledge of modern office practices, procedures and equipments ESSENTIALS FOR THE ROLE: Experience of working in a retail and/or logistics role, including previous experience of leading others. Ability to communicate confidently and clearly in English. Ability to work through others, set priorities, delegate responsibility and give open and honest feedback. Business-minded with a clear customer focus. Ability to set and implement action plans and provide clear direction and follow up goals over a number of years. Show the potential to apply tactical and operational thinking. Experience of leading in a changing environment. Ability to think commercially by balancing efficiency, inspiration and profitability. Ability to inspire and engage others. Ability to reflect and find value and ideas in collaborating with others. Experienced in creating and implementing short-term plans and following up goals. Show the potential to influence in a matrix organisation. Understand the IKEA organisational structure and how Logistics works in IKEA retailing. Knowledge of the IKEA Concept description manual, including the IKEA vision and business idea, the IKEA culture and values, the IKEA diamond and how it creates our business advantage.