Accountant - IKEA Retail Finance

AlFuttaim; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

Al-Futtaim is seeking an Accountant to support financial accounting, reconciliation, and internal controls for IKEA operations across the United Arab Emirates, Qatar, and Oman. The role focuses on maintaining accurate financial records, managing sales and collection entries, processing purchase transactions, supporting accounts payable reconciliations, and coordinating inter-company movements.

The Accountant will work with SAP and Microsoft Dynamics NAV (Navision) to ensure that accounting

Qualifications

• Bachelor's degree in Finance and minimum 3 years in accounts roles.
• Strong Excel skills and proficiency in SAP or ERP systems.
• Experience with VAT compliance is advantageous.

Responsibilities

• Timely recording and reconciliation of sales and cash collections.
• Post and reconcile Navision and SAP purchase entries.
• Coordinate inter-company movements and vendor reconciliations.
• Prepare monthly General Ledger schedules and support financial reporting.

Skills

Attention to detail

Analytical thinking

Interdepartmental coordination

Excel proficiency

ERP experience

Education

Bachelor's degree in Finance

Tools

SAP

Navision

Excel

Job description

Accountant - IKEA Retail Finance Job Snapshot

Role: Accountant - IKEA Retail Finance
Location: Dubai, United Arab Emirates
Industry: Retail
Function: Accounting-Finance
Experience: Minimum 3 years as an Accounts Executive or Accounts Assistant
Job Type: Full Time
Work Arrangement: On-site

Position Overview Al-Futtaim is seeking an Accountant to support financial accounting, reconciliation, and internal control activities for IKEA operations across the United Arab Emirates, Qatar, and Oman. The role focuses on maintaining accurate financial records, managing sales and collection entries, processing purchase transactions, supporting accounts payable reconciliations, and coordinating inter-company movements. The Accountant will work with SAP and Microsoft Dynamics NAV (Navision) to ensure that accounting transactions are accurately recorded and reconciled. Working closely with store teams, cash offices, IKEA IT, In-store Logistics, Shared Services, Finance, and external stakeholders, the successful candidate will help maintain reliable financial reporting and compliance with Group accounting policies. The position requires a bachelor 's degree in Finance, at least three years of relevant accounting experience, strong Microsoft Excel skills, and proficiency in SAP or similar enterprise resource planning software. Experience in tax accounting is considered an advantage.

Job Details

Country: United Arab Emirates
City: Dubai
Industry: Retail
Function: Accounting-Finance
Salary: Not disclosed
Gender: No Preference
Candidate Nationality: Not specified
Job Type: Full Time
Work Arrangement: On-site
Job Requisition ID: 182255

Key Responsibilities

• Sales and Collection Accounting
  • Coordinate daily cash collection summary statements with Cash Office teams across stores, central units, and restaurants.
  • Monitor outstanding cash collection summaries and follow up on pending entries.
  • Review cash collection reconciliation reports to identify discrepancies.
  • Coordinate with store and IKEA Food and Beverage Cash Office teams to ensure timely posting of daily collection statements.
  • Perform month-end reconciliation of collection summaries in Navision.
  • Verify the accuracy and completeness of sales and collection records.
  • Share reconciled entries with Record-to-Report (R2R) and Order-to-Cash (O2C) teams for posting.
  • Investigate sales reconciliation differences and coordinate their resolution.
  • Work with IKEA IT teams to address system-related reconciliation and posting issues.
  • Prepare monthly General Ledger schedules to support financial reporting.
• Purchase Posting and Reconciliation
  • Facilitate purchase transaction postings in Navision.
  • Upload relevant purchase transactions into SAP.
  • Verify consistency between purchase entries recorded in Navision and SAP.
  • Identify differences between the two accounting systems.
  • Coordinate with Store In-store Logistics teams to clarify purchase posting discrepancies.
  • Monitor relevant General Ledger accounts monthly to ensure accurate purchase accounting.
  • Support timely resolution of purchase reconciliation variances.
  • Maintain accurate supporting information for purchase-related accounting activities.
• Accounts Payable and Vendor Reconciliation
  • Coordinate with the Shared Services Accounts Payable team on vendor-related accounting activities.
  • Reconcile vendor control General Ledger accounts.
  • Review monthly vendor reconciliation reports.
  • Identify and follow up on outstanding reconciliation differences.
  • Coordinate utility payments with relevant departments.
  • Support the processing and coordination of other ad hoc payments.
  • Maintain accurate accounting information to support vendor reconciliation and payment activities.
• Inter-Company Accounting
  • Generate regular inter-company movement reports.
  • Monitor pending inter-company transactions and invoices.Follow up with relevant entities on outstanding inter-company invoices.
  • Coordinate the acceptance and clearance of inter-company movements.
  • Work with inter-company stakeholders to resolve pending transactions.
  • Maintain updated reports showing outstanding inter-company movements.
  • Support accurate and timely reconciliation of inter-company balances.
• Financial Controls and Compliance
  • Ensure accounting activities comply with Al-Futtaim Group financial and accounting policies.
  • Maintain appropriate internal controls across assigned accounting processes.
  • Coordinate with relevant teams to support Value Added Tax (VAT) compliance.
  • Review accounting entries for accuracy and consistency.
  • Identify reconciliation differences requiring investigation or correction.
  • Support compliance with established financial procedures.
  • Maintain reliable accounting records for assigned financial activities.
• Month-End Accounting and Reporting
  • Complete assigned month-end reconciliation activities.
  • Prepare monthly General Ledger schedules.
  • Review cash collection and purchase accounting records for completeness.
  • Coordinate with R2R, O2C, and Accounts Payable teams on relevant financial entries.
  • Monitor outstanding reconciliation items and follow up on their resolution.
  • Provide accurate accounting information to support financial reporting.
  • Help ensure consistency between financial records maintained in SAP and Navision.
• Systems and Stakeholder Coordination
  • Use SAP and Navision to support accounting transactions and reconciliation activities.
  • Coordinate with IKEA IT teams to resolve relevant system issues.
  • Work with store teams and Cash Offices on sales and collection accounting.
  • Collaborate with In-store Logistics teams on purchase-related discrepancies.
  • Maintain effective communication with Shared Services and Finance teams.
  • Coordinate with suppliers and other relevant stakeholders when required.
  • Support consistent accounting processes across IKEA operations in the UAE, Qatar, and Oman.

Qualifications and Experience

• Educational Requirements
  • Minimum bachelor 's degree in Finance.
• Professional Experience
  • At least 3 years of experience working as an Accounts Executive or Accounts Assistant.
  • Practical experience in accounting transactions and financial reconciliations.
  • Familiarity with financial accounting processes and General Ledger activities.
  • Experience working with accounting software or enterprise resource planning systems.
• Preferred Experience
  • Previous experience in tax accounting is advantageous.
• Technical Skills
  • Proficiency in SAP or similar ERP software.
  • Knowledge of accounting software packages.
  • Good working knowledge of Microsoft Excel.
  • Proficiency in Microsoft Office applications.
  • Ability to reconcile accounting information across financial systems.
  • Understanding of General Ledger accounting and financial reporting.
  • Knowledge of sales, purchase, and accounts payable accounting processes.
  • Ability to investigate transaction discrepancies and reconciliation variances.
• Required Professional Competencies
  • Strong attention to detail and numerical accuracy.
  • Good analytical and problem-solving abilities.
  • Effective communication and interpersonal skills.
  • Ability to coordinate with multiple departments and stakeholders.
  • Strong organizational skills.
  • Ability to manage accounting activities within reporting deadlines.
  • Commitment to following financial policies and internal controls.
  • Ability to identify and resolve accounting discrepancies.
  • Collaborative approach to working with operational and finance teams.

Key Areas of Responsibility

• Timely recording and reconciliation of sales and cash collections.
• Consistent purchase accounting between Navision and SAP.
• Accurate vendor and accounts payable reconciliations.
• Monitoring and clearance of inter-company transactions.
• Preparation of monthly General Ledger schedules.
• Coordination of utility and other assigned payments.
• Compliance with financial policies, internal controls, and applicable VAT requirements.
• Effective collaboration with store operations, Shared Services, and Finance teams.

About Al-Futtaim

Established in the 1930s and headquartered in Dubai, Al-Futtaim is a diversified privately held regional business operating across more than 20 countries. The Group has business interests in automotive, financial services, real estate, retail, and healthcare. With more than 40,000 employees, Al-Futtaim represents over 200 internationally recognized brands, including Toyota, Lexus, IKEA, ACE, and Marks and Spencer. Al-Futtaim focuses on digital innovation, artificial intelligence, sustainable growth, and strategic partnerships while creating long-term value for customers, communities, and business partners.