Company Description
IKEA Supply (Malaysia) Sdn Bhd 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.
Job Description
Provide timely, accurate, relevant and comparable financial information to secure compliance to Inter IKEA Group ("IIG") Guidelines and local financial rules & standards. Key assignments including:
Stock
- Secure that stock taking process is being carried out by ESP timely and accurately in accordance with IIG Working Method and statutory audit requirements.
- Responsible for stock valuation accuracy and correctly accountable in P&L and Balance Sheet e.g., stock valuation of end-date-sales/stop-sales articles, concrete stocks and NRV of articles.
- Follow up with Supply Operation on the clearance of end-date-sales/stop sales articles and concrete stocks, to minimize losses to the legal unit. Ensure inventory ageing analysis is available by 15th of each month and deliver to the respective stakeholders.
- Working closely with Business Navigator to identify /find root course on significant or ‘uncommon’ inventory adjustments.
Accounting
- Preparation of journal entries for month end accruals on cost/expenses, monitoring the accruals balance and ensure there is no long outstanding.
- Being the super user of procurement system, manage P2P process from end to end.
- Manage missing price and support customs team on pricing information
Insurance
- Ensure updated master record is in-placed. Evaluate & review every insurance coverage before each renewal. Ensure full coverage of Company’s asset & mitigate operation risk via adequate and correct insurance.
- Initiate claim process promptly and follow up closely until case is closed.
Compliance
- Assist in statutory audit, custom audit (if relevant)
- Compliance and internal control: Ensure all working methods and internal controls are according to ISMY Financial manual & Internal Control Framework (ICF). Secure the existence of 4 eyes principle in all areas.
People & Culture:
- Contribute to the Accounting team in accordance with “Leading business & people together”, ensure team competence meet current and future business needs.
- Act as an ambassador of IKEA values.
Qualifications
- BSc degree in Accounting or Finance. A reputable Chartered Accountant qualification is a plus.
- At least 5 years’ experience in accounting and/or auditing, with knowledge in IFRS, or managing the accounting function.
- Understanding of Generally Accepted Accounting Principles (IFRS and Dutch GAAP) and Tax Rules & Regulations.
- Deep knowledge of local financial regulations and legislation (Statutory, legal)
- Well versed with MS Office, and knowledge in accounting system (SAP) and procurement system is a plus.
- Capability to perform analysis, drawing conclusions to support the right decisions.
- Ability to work independently with minimal supervision, have a keen eye for detail
- Ability to work in a structured and organized way.
- Capability to communicate in a clear way and build relationships with external bodies (vendors, local authorities etc.).
- Capability to understand and support needs of internal and related external stakeholders.
Additional Information
This assignment will be based at IKEA Supply (Malaysia) Sdn Bhd Distribution Centre in Pulau Indah, Port Klang, Malaysia.
Please note we are not able to offer international mobility support.
Top Skills
What We Do
The IKEA vision is to create a better everyday life for the many people. Our business idea is to offer well-designed, functional and affordable, high-quality home furnishing, produced with care for people and the environment.
The IKEA Brand unites more than 200.000 co-workers and hundreds of companies with different owners all over the world. It’s one brand, but it reaches millions of hearts and homes. Our value chain is unique. It includes everything from product development, design, supply, manufacture and sales – and of course it begins and ends with our customers.
The IKEA retail business is operated through a franchise system. Today, 12 different groups of companies market and sell the IKEA product range under franchise agreements with Inter IKEA Systems B.V.
Any jobs published on this page are offered by different companies operating under the IKEA Trademark.
IKEA was founded in Sweden in 1943.
