IKEA - Al Homaizi Limited

Senior Accountant - Service Office

IKEA - Al Homaizi Limited

Senior Accountant Opportunity at IKEA We are seeking a highly motivated Senior Accountant to oversee and perform accounting operations, including ledger management, reporting, and compliance. You will mentor and guide a team of accountants, ensuring financial accuracy and adherence to company policies. This role focuses heavily on accounting operations and requires a deep understanding of financial principles. Responsibilities: Oversee day-to-day accounting operations, ensuring timely and accurate journal entries and reconciliations. Review and analyze financial data, ensuring compliance with accounting principles/IFRS and company policies. Prepare and review monthly, half-yearly, and annual financial statements (Income Statement, Balance Sheet, and Cash Flow Statement). Participate in the annual budgeting and forecasting process, providing financial insights and analysis to support business planning. Prepare management reports and financial analysis for decision-making. Ensure compliance with statutory reporting, tax, and audit requirements. Closing, Controls & Compliance Lead month-end, half-year, and year-end closing activities and ensure accurate reporting within deadlines. Review and approve account reconciliations, accruals, and provisions. Ensure internal control procedures are implemented and adhered to. Prepare audit schedules and liaise with external auditors for timely completion of audits. Coordinate with tax advisors, banks, insurers, and regulatory bodies on compliance matters. Treasury & Payables Management within Accounting Operations Monitor cash flow, bank balances, and ensure sufficient liquidity for operational needs. Review supplier payments, payroll transfers, and statutory payments in line with internal approval policies. Manage accounts payable and receivable cycles to optimize working capital. Coordinate with banks on transfers, facilities, and reconciliations. Systems, Process Improvement & Projects Support automation, digitalization, and ERP enhancements for improved financial processes related to accounting operations. Lead or participate in finance-related projects and cross-functional initiatives. Identify process inefficiencies and recommend improvements to strengthen internal controls. Maintain accurate accounting master data and documentation for audit readiness. People Leadership & Collaboration Supervise and mentor accountants to ensure continuous performance improvement and knowledge sharing. Foster collaboration within the Finance team and with cross-functional departments. Promote a positive work environment and drive alignment with IKEA’s values and culture. Qualifications: Bachelor’s Degree in Accounting, Finance, or Economics. Professional qualification (or part qualification) such as CPA, ACCA, or CMA is preferred. Proven experience as an Accountant or Senior Accountant, preferably in a retail or multinational environment. Strong knowledge of accounting principles/IFRS, internal controls, and financial reporting. Proficiency in ERP systems and Microsoft Office. Excellent analytical, problem-solving, and communication skills. Ability to work independently and as part of a team.