IKEA is the leading Life at Home brand in Kuwait, known for its well-designed, functional, and affordable home furnishing solutions produced with care for people and the environment. IKEA has been in Kuwait for over 40 years, operated by Al Homaizi Limited, and is well-established with six stores.

We believe in people, diversity, equality, and inclusion. We empower and develop our teams through on-job intensive trainings, providing an international and diverse workplace. Every job at IKEA is different, and every day brings new challenges. Join our dynamic and creative work environment!

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 CA/ ACCA/ CPA/ CIMA or equivalent is a plus.
• Minimum 5–7 years of accounting experience, with at least 2 years in a supervisory or senior role.
• Experience in ERP systems and financial reporting platforms.
• Strong command of Microsoft Office, especially Excel and Power BI (preferred).
• Experience in retail, FMCG, or multinational environments is an advantage.

To learn more about IFRS click here.

Explore further resources on Accounting Principles on AccountingTools.com.