Sasa - Ind - Business Finance Partner

1 week ago

Bengaluru Karnataka, India IKEA Full time

**Job ID**: REF17509A

**Date posted**: 27/02/2024

**Company description**
The IKEA brand is one of the most successful home furnishing brands in the world with over 450 retail stores worldwide. We are a values-driven company with a passion for life at home. Our vision is to create a better everyday life for the many people, this vision is achieved by offering a wide range of home furnishings solutions with good design and function, at prices so low that as many people as possible, will be able to afford them.

IKEA Services India is one of the Supply Areas for IKEA, which represent South Asia Region comprising of India, Sri Lanka, and Bangladesh (Supply Area South Asia-SASA). SASA has a rich history of sourcing from the South Asia region for more than four decades. Over these years, we have brought in many processes and best practices that have improved the way we work with our business partners. Transformation of têxtile, carpet industry and recycle plastic industry are a few such examples. This partnership with suppliers has helped to continuously grow our sourcing operations.
**Job description** Purpose of the function**:
Business Navigation Finance and Administration function is a strategic partner who navigates the business towards success, by using our expertise to enable efficient and effective processes, connecting strategies with execution, secure the IKEA business and protect its assets.
- ** Business partnering** - Navigate our business towards success through people and performance by spotting business opportunities, generate actionable insights and connect strategies with planning and execution.
- ** Lead with expertise**:

- Provide strategic support, advice, and execution in areas like business navigation, finance, legal and risk. Lead portfolio management, project management and enable better Supply business.
- ** Excellence in operations** - Develop and operate efficient, effective, and controlled workflows, supported by new technologies and competent co-workers organized for success.
- ** Governance & Safeguarding** - Establish and operate efficient governance, frameworks, structures and connected assurance activities for the purpose of looking after the IKEA business and protect its assets

**Assignment**
- Enable business development for New Business teams with actionable insights generated from data and analysis around cost drivers, return on investment (ROI), scenarios, etc.
- Lead tasks related with market intelligence and contribute to industry analysis for related IKEA Supply business teams and New Business & Innovation Deployment teams
- Support business teams with IKEA supplier financing requests towards ISAG (IKEA Supply AG) by verifying it from financial and country-specific aspects and contributing to supplier financing follow-ups
- Contribute to due diligence process of all related Business Units including but not limited to Seller Assessment and Sanctioned Party Screening for existing partners and new/potential ones
- Perform annual Financial Screening of existing and New Business partners, support all relevant Business units with financial benchmarking of IKEA partners
- Lead ad hoc requested financial and/or investment analysis & extended financial screening of suppliers for all Business units in SASA
- Support all relevant business units in region with internal business finance consulting
- Contribute to and implement digital solutions which should secure business need and improve efficiency
- Lead and facilitate financial trainings for all Business Units in SASA
- At any time, act as an ambassador of Inter IKEA values and Role Model and contribute to the global Business Navigation projects and agenda

**When applicable**
- Responsible for operational resource planning, reporting and be a speaking partner for all business units when it comes to navigate in the most efficient way and provide first level of insights for all business units and managers related to their Cost Centre responsibility.
- Support and challenge efficiency and performance for the business units.

**Qualification**
You are passionate about Finance and have the ability to contribute to business results. You enjoy working in a vibrant and changing multi-dimensional environment and appreciate the mix of tactical and operational tasks. You demonstrate general leadership ability and effectiveness with the capacity to handle multiple priorities, initiatives, interfaces and tasks. You express ideas and opinions effectively - with ability to influence and inspire. You have a good knowledge of Finance and you are fluent in English.

**To be successful in this role you need to have/be**:

- Chartered Accountant / MBA degree holder in Finance/ Economics/Investments with a proven track record of a minimum 10 years in Finance domain.
- Minimum 5 years of experience within the area of finance (financial analysis, corporate finance, financial risk assessment, etc.).
- Good analytical skills and ability to provide

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