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Job Description
Key Specific Accountabilities:
Financial and Operations
- Responsible to coordinate preparation with store team
- Store sales tree: daily, weekly, monthly & yearly
- Budgeting and forecasting : mid-month flash, monthly,quarterly , yearly, and 5/10 year
- Store Business yearly business plan
- CAPEX plan and execution
- Manpower budgeting
- Analyse & discuss store P&L performance with store team and follow up on discussed action plan.
- Understand and help the Store Manager to control expenses in the P&L for the Store and identify areas of opportunities and highlight out of line situations.
- Ensure that all administration routines are followed throughout the Store and show a proactive approach in suggesting checks and corrections in the store operational processes.
- Work with department head to in vendor/supplier selection process to ensure best possible service at lower cost.
- Accountable for preparation ROI for all activities and investment in coordination with store team.
Process and Compliance
- Follow up on previous audit reports, checking implementation of audit recommendations (including documentations).
- Support the Regional Office in creating, amending SOPs based on improving the operational efficiencies, but without compromising on the operational standards.
- Maintain store SOP library (digital and physical) for store team access as necessary
- Ensure total compliance of IKEA and Al Futtaim policies
- Continue to investigate areas of the Store that could lead to possible stock losses and fraud if routines are not updated and communicated.
- Show a proactive approach by using information from co-workers/ meetings etc. to assess areas where possible stock losses and fraud could be found.
- Lead investigations related to fraud /stock loss&l
Job Requirements
- Live and share the IKEA values every day
- Commerce/Business Administration Graduate with experience in Audit, ERP system and Financial reporting
- 3 - 5 years Retail Management experience, financial & accounting experience preferred
- Prior work experience preferably in Retail industry, IKEA experience preferred
- Highly developed understanding of retail operations
- Strong knowledge in Profit & Loss management
- Experience of managing teams/departments
- Advanced computerskills
- Excellent communication skills