Job Description

Company Description

IKEA Supply (Malaysia) Sdn Bhd ("ISMY") is a wholesale unit under Inter IKEA Group and is strategically located in Port Klang, Selangor Malaysia. Inter IKEA Group is the group of companies that connects IKEA franchisees with range development and suppliers, and aligns the overall IKEA strategic direction. All to create a better everyday life for the many people.

As a Wholesaler, we buy, transport, store and sell IKEA products. We are responsible for cross-border flows, replenishment and provide franchisees in Southeast Asia, India and Australia with IKEA products. Incorporated in 2018, IKEA Supply (M) Sdn Bhd also operates a full-scale distribution centre which serves as a hub to facilitate the flow of IKEA products to retail stores in various markets in the region, including Malaysia. The distribution centre is operated alongside contracted service providers.



This role is responsible for an efficient operation of controlling, and accounting & reporting functions in ISMY, key objectives are:

• Provide timely, accurate, relevant, and consistent financial information to secure compliance to INTER IKEA Guidelines and local financial rules & standards.
• Ensure adequate financial related internal control are in-placed and enforced across the organization.
• Actively contributing to ISMY operational decision-making process toward meeting the financial and operational Goal.
• Responsible for the delivery of accurate budget & forecast. Working with ISAG to ensure timely adjustment in Pricing system. Targeting zero TP adjustment.
• Being one of the main contacts to relevant authorities (e.g., Tax, MIDA, local authorities) to clarify any queries from time to time.

Your main task assignments are:

Finance * Responsible for timely, accurate, and consistent financial reporting to secure compliance to the relevant global & local accounting standard and Inter IKEA rules and guidelines.

• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Actively looks for cost reduction opportunities. Ensure cost follow up actions are in-place based on periodic Budget/ Forecast report. Develop long term (3 to 5 years) projection taking into consideration the existing and foreseeable market development.
• Wholesaler Pricing - Responsible for the accuracy of ISMY pricing markup through the results of reconciliation of COGS & Operational cost, inventory accuracy and accurate periodic forecast; work closely with central Pricing Team. Targeting zero Transfer Pricing adjustment.
• Fund management: maintain the required ratio between equity & debt for a healthy cashflow.
• Finance related risk management: e.g., ensure adequate insurance coverage to protect the assets and operation of ISMY/Inter IKEA, evaluate the impact of the macro & micro economics changes to the business & operation of ISMY/ Inter IKEA, initiate discussion and action when necessary.
• Leading the Finance goal setting & action plan (APL) process and close monitoring of the actual results.
• Dividend payment: evaluate the eligibility of dividend payment taking into consideration relevant tax & legal aspects; profit after tax, liquidity, section 108 and withholding tax.
• Contract review - Responsible to ensure the correct ISAG\'s template is used for the relevant legal contract, safeguard IKEA\'s benefits and assets, highlight deviation(s) for discussion with Chief Financial Officer and stakeholder(s).
• Perform ad hoc financial analysis, project feasibility study and financial related project from time to time.

Taxation * Responsible for legal (tax & statutory) reporting. Including transfer pricing and other periodic tax & statutory filing required under local law.

• Work closely with consultant and ISAG Tax team on compliance to transfer pricing & documentation, ensure consistency of ISMY\'s business model.

People * Develop team members, regular Job Chat and clear development goal, delegation of tasks with responsibility.

• Act as an ambassador of IKEA values.

Qualifications

If you possess the qualifications and capabilities outlined below, you may be one of the potential candidates:

• Bachelor\'s degree in finance, accounting and at least 8-year experience in accounting and related field.
• Professional qualification such as ACCA/CIMA or similar will be considered an added advantage.
• Proven experience as a Financial Manager in MNCs (Wholesalers, trading companies)
• Proficient user of finance software
• Strong interpersonal, communication and presentation skills.
• Demonstrated creative and critical thinking skills.
• In-depth understanding of Global & local Generally Accounting Principal and Tax Rules & Regulations.
• Capability to communicate in a clear manner and building professional relationships with external bodies (banks, vendors, local authorities etc.).
• As an IKEA co-worker and leader, you also take responsibility for leadership by leading yourself with your way of turning values into behavior and with your competence you take your part in maintaining a strong IKEA culture.

Additional Information

This assignment will be based at IKEA Supply (Malaysia) Sdn Bhd Distribution Centre in Pulau Indah, Port Klang, Malaysia.

Please apply online with your CV and letter of motivation latest by January 31st, 2024.

IKEA