IKEA Tampines - Business Analyst

Ikano-Retail; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A major retail company in Singapore seeks a Financial Planning & Analysis professional to drive financial performance. This role involves collaboration across functions, supporting budgeting and forecasting, and providing insights into profitability. The ideal candidate will have a professional accounting qualification and a minimum of 2 years of FP&A experience, with strong communication and analytical skills.

Qualifications

• Minimum 2 years of strong FP&A experience and business acumen.
• Ability to present financial information to non-financial stakeholders.
• Strong ability to influence and galvanize others.

Responsibilities

• Support business planning, budgeting, and forecasting.
• Monitor financial KPIs, providing insights for cost-efficiency.
• Ensure adherence to compliance and audit requirements.

Skills

Financial Planning & Analysis

Strong communication skills

Analytical capability

Interpersonal skills

Education

Professional accounting qualification (CPA, ACCA, CIMA)

Tools

ERP or financial reporting systems (TM1, MVBC, Qilkview)

Job description

Company Description

The IKEA vision is to create a better everyday life for the many people. We do this by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. We operate in Singapore, Malaysia and Thailand - and have an ambitious expansion plan to bring a little bit of Sweden to new markets in the region. We are part of the Ikano Group of companies and the only IKEA franchisee owned by the Kamprad family that founded IKEA.

We also develop, own and operate Shopping Centres that are anchored by IKEA and create walkable communities by including residential, office and other types of real estate in our development plans.

We work towards making sustainability a natural part of our everyday work. We are active in our communities, driving and supporting social initiatives that benefit children, women and the environment.

Job Description

About the job

As part of the Business Navigation team, you will play a critical role in driving financial performance to meet the store's operational needs. You will support budgeting and forecasting by translating store strategies into measurable performance indicators through analysis and benchmarking. This highly visible role involves close collaboration across functions and offers an excellent opportunity to gain deep insight into IKEA's commercial operations.

Your assignment

Financial Planning & Analysis

• Support the business plan, budget, and forecast process by translating strategies into financial scenarios and P&L outcomes.
• Lead monthly annual closing procedures with full understanding of the store's P&L, ensuring compliance with IKEA accounting standards and legal requirements.
• Monitor and analyse key financial KPIs, providing insights and recommendations to store management to steer cost-efficiency and profitability.

Business Navigation & Performance Monitoring

• Provide dynamic and user-friendly business reports and dashboards to support commercial decision-making.
• Collaborate with sales and commercial teams to convert performance insights into actions, including daily sales estimates and gross profit optimisation.
• Conduct benchmarking and share best practices to drive continuous improvement and operational efficiency.

Administrative & Procurement Support

• Oversee accurate invoice management, account reconciliation, and compliance with procurement policies and IWAY standards.
• Coordinate administrative tasks such as travel expense processing, incident management, and general store purchases.
• Support contract reviews and supplier quotation comparisons to ensure cost-effective and compliant procurement.

Compliance & Audit

• Ensure adherence to internal and external audit requirements.
• Monitor and implement financial controls that contribute to a safe, secure, and compliant environment for co-workers, customers, and suppliers.

Collaboration & Capability Building

• Train and support co-workers in interpreting business reports and financial tools.
• Promote a culture of cost-consciousness and commercial thinking across the store.

Your profile

• A professional with minimum 2 years of strong FP&A experience and business acumen and feels invigorated by a fast-paced and dynamic environment.
• A globally recognised professional accounting qualification, e.g. CPA, ACCA, CIMA, etc is preferred.
• Strong communication skills with the ability to present financial information to non-financial stakeholders.
• Ability to influence and galvanizing others to follow you toward a solution.
• Process driven, results-oriented with excellent analytical capability and critical thinking skills.
• Meticulous with strong attention to details and good follow-up skills.
• Strong interpersonal skills with ability to work collaboratively and effectively with multi-cultural business partners and stakeholders, within cross-functional teams in a matrix organization.
• Experience in ERP or financial reporting systems like TM1, MVBC, Qilkview.
• A retailer who contributes towards the business through actions and presence including weekends, public holidays, and on rotating shifts.