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Cash & FX Forecasting Specialist

Ballymena, Northern Ireland Finance, Accounting & Tax Full Time

Job description


You have a strong interest in Treasury and are passionate about creating an IKEA fit for the future. You are energised by creating a positive financial result, as well as by increasing customer value, driving business growth and contributing to overall success and results through people. You find motivation in leading and developing people and are inspired by working together in an ever-changing, complex environment. You care about sharing the IKEA culture and values and by finding industry leading treasury solutions to meet IKEA & customer needs. To be successful in this role you need 2+ years’ experience in a data science background developing and industrialising statistical predictive analytics capabilities in a global multinational (preferably in the context of liquidity). You should have 2+ years’ experience is working with stakeholders dispersed globally to gather, analyse and clean data and an educational background in a relevant field such as applied mathematics, applied statistics etc. together with 2+ years’ experience on developing forecasting models on R, SAS or equivalent including maintaining these solutions. You have knowledge in the following areas: • thorough knowledge of statistical forecasting techniques • payment types & global payment infrastructure • financial instruments, and related financial reporting standards • external financial markets You are capable of driving strategy by directing effort to achieve long-term business objectives. A key skill is managing resources by coordinating people and financial capital, material and (digital) information to maximise efficiency and performance. In dealing with ambiguity you comfortably handle unclear or unpredictable situations. Negotiating & representing IKEA interests with external counterparts holding divergent interest comes easy to you. You are comfortable in leading large scale transformational projects and managing the related change.


You will perform global cash & FX forecasting across all three core businesses of the IKEA Group and develop and maintain a data driven statistical/predictive analytics enabled forecasting capability for the IKEA Group. This role entails monitoring & remediating forecasts accuracy and ensure continuous improvement, including consolidate & net these forecast currency & FX positions over short term (1-90day) and medium term (90-365day) time horizons. You will: • implement standards and methodologies to assess the data quality of liquidity & FX relevant data • be responsible for developing, implementing industry leading liquidity forecasting methodologies to accurately forecast Group wide liquidity & FX positions; • gathering of liquidity sensitive data from the IKEA IT eco system, performing data cleansing to ensure usability and reliability of such data • identifying forecasting variables, developing forecasting algorithms for each liquidity component using regression techniques (Model building) • testing the above algorithms to continuously develop and improve their forecasting accuracies • consolidate & net forecast liquidity & FX positions over short & medium term horizons • maintain a strong relationship with both Group FP&A as well as the financial leadership of all markets to ensure best access to liquidity sensitive information, including but not limited to business plans, commercial plans and capital expenditure programs • visualise forecasts, forecast determinants, plan-actual variances to generate business insight ad explain to non-specialists with a view of influencing relevant behavior • monitor the developments in external forecasting innovations with a view of continuously improving and leading a high performance Group Cash FX forecasting operations team


The purpose of Group Corporate Finance and Tax is to provide expertise and optimise exposure in Corporate Finance, Tax, Treasury and Insurance matters, balancing risks and opportunities in the market, support the business in its growth, while ensuring a strong position as good corporate citizen


You will be based in Dublin, Ireland and will report to Guzman Chavert, Group Cash & FX Forecast Team Leader. If you have any questions about the position, please contact Guzman Chavert, ( or Mon Enckels, (, People & Culture Business Partner Group Treasury. Your application, written in English and consisting of a covering letter and CV, should be registered on-line. Please note that personal tests will be part of the recruitment process. We regret that we are unable to handle applications made by e-mail.