Senior Accountant

About IKEA Kuwait

IKEA is the leading Life at Home brand in Kuwait. We offer well-designed, functional, and affordable, good quality home furnishing beautiful solutions, produced with care for people and the environment. There are several companies with different owners, working under the IKEA Brand, all sharing the same vision: to create a better everyday life for the many people.

IKEA has been in Kuwait for more than 40 years, operated by Al Homaizi Limited and is very well established in Kuwait. IKEA has 6 stores in Kuwait, IKEA The Avenues, The Warehouse, 360, Assima Mall, Khiran Mall and IKEA For Business in Shuwaikh.

Who we are and how we work

We believe in people. We have an optimistic attitude in the way we are and in the way we do things. We believe in diversity, equality and inclusion because they increase our understanding of our customers and each other. We empower and develop our teams through on-job intensive trainings, working together and providing an international and diverse workplace.

In IKEA, every job is different, and every day is different. Are you up to the challenge to join our dynamic and creative work environment?

To oversee and perform accounting operations, including ledger management, reporting, and compliance, while mentoring and guiding a team of accountants.

A. Financial Accounting & Reporting

• Oversee day-to-day accounting operations, ensuring timely and accurate journal entries and reconciliations.
• Review and analyze financial data, ensuring compliance with accounting principles/ IFRS and company policies.
• Prepare and review monthly, half yearly, and annual financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
• Participate in the annual budgeting and forecasting process, providing financial insights and analysis to support business planning.
• Preparing management reports and financial analysis for decision-making.
• Ensure compliance with statutory reporting, tax, and audit requirements.

B. Closing, Controls & Compliance

• Lead month-end, half-year, and year-end closing activities and ensure accurate reporting within deadlines.
• Review and approve account reconciliations, accruals, and provisions.
• Ensure internal control procedures are implemented and adhered to.
• Prepare audit schedules and liaise with external auditors for timely completion of audits.
• Coordinate with tax advisors, banks, insurers, and regulatory bodies on compliance matters.

C. Treasury & Payables Management

• Monitor cash flow, bank balances, and ensure sufficient liquidity for operational needs.
• Review supplier payments, payroll transfers, and statutory payments in line with internal approval policies.
• Manage accounts payable and receivable cycles to optimize working capital.
• Coordinate with banks on transfetrs, facilities, and reconciliations.

D. Systems, Process Improvement & Projects

• Support automation, digitalization, and ERP enhancements for improved financial processes.
• Lead or participate in finance-related projects and cross-functional initiatives.
• Identify process inefficiencies and recommend improvements to strengthen internal controls.
• Maintain accurate accounting master data and documentation for audit readiness.

E. People Leadership & Collaboration

• Supervise and mentor accountants to ensure continuous performance improvement and knowledge sharing.
• Foster collaboration within the Finance team and with cross-functional departments.
• Promote a positive work environment and drive alignment with IKEA's values and culture.

• Bachelor's Degree in Accounting, Finance, or Economics.
• Professional qualification (or part qualification) such as CA/ ACCA/ CPA/ CIMA or equivalent is a plus.
• Minimum 5–7 years of accounting experience, with at least 2 years in a supervisory or senior role.
• Experience in ERP systems and financial reporting platforms.
• Strong command of Microsoft Office, especially Excel and Power BI (preferred).
• Experience in retail, FMCG, or multinational environments is an advantage.