Accounting & Reporting Specialist, IKEA

IKEA

Location:
India, Bangalore

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Highly skilled and detail-oriented Finance Specialist to join our team, focusing on payroll accounting and treasury operations. The successful candidate will be responsible for managing comprehensive payroll accounting activities during month-end closures, ensuring accurate and timely processing of salaries and related financial obligations. This role includes critical treasury activities, such as the repayment of interest and borrowings by their due dates, maintaining an up-to-date bank guarantee tracker, initiating new BG requests, and liaising with banks to manage user access in the banking portal. Additional responsibilities include preparing balance sheet schedules, reviewing Travel and Expense Claims (TEC), and supporting financial data analysis alongside the Budgeting, Reporting & Control (BR&C) Team.

Job Responsibility:

Ensuring timely processing of salaries and payroll-related compliances
Managing comprehensive payroll accounting activities during month-end closures and compliance with regulatory standards
Supporting CFO team with necessary information around budgeting and forecasting
Monitoring cash flows and investing surplus funds in term deposits
Liaising and negotiation with banks for best interest rates
Reviewing short-term credit facilities with banking partners
Maintaining an up-to-date bank guarantee tracker, initiating new BG requests, and liaising with banks
Preparing necessary paperwork around repayment loan/interest on borrowings
Managing user access in the banking portal and other daily activities
Updating monthly/weekly information on the Global Treasury portal
Preparing and reviewing balance sheet schedules
Conducting thorough reviews of Travel and Expense Claims (TEC)
Sharing financial data with the Budgeting, Reporting & Control (BR&C) Team to support financial analysis and decision-making processes

Requirements:

Bachelor's degree in finance, Accounting, or a related field
Proven experience in payroll accounting and treasury operations
Strong understanding of financial regulations and reporting requirements
Proficiency in financial software and advanced Excel skills
Excellent organizational and time-management abilities
Strong analytical skills and attention to detail
Effective communication and interpersonal skills

What we offer:

Equal opportunity employer
Diverse and inclusive work environment
Freedom from discrimination and harassment

Additional Information:

Job Posted:
May 27, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Accounting & Reporting Specialist