Franchise Accountant
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Our client in the Real Estate and Franchise is looking to hire a Franchise Accountant.
Duties and Responsibility
- Provide backup support to the debtor's function.
- Ensures integrity and accuracy of financial data.
- Ensures problems are discussed and dealt with promptly and a satisfactory outcome is reached for all concerned.
Financial Reporting
- Control and maintain the Licensee Database and franchisee legal documents.
- Review franchise Profit and Loss statements uploaded into ClickView and address errors or concerns with Owner Operators or their Accountant.
- Review franchise Balance Sheets uploaded into ClickView and address errors or concerns with Owner Operators or their Accountant.
- Update the monthly Management Reports, from the ClickView database.
- Assist with the automation of reports by working closely with IT/ClickView team.
- Develop and maintain franchisee benchmark reports quarterly.
- Develop and update a quarterly O/O Risk Analysis which includes negative equity and negative cash flows.
- Prepare the finance section of the Business Reviews.
- Provides relevant information to the key stakeholders, Corporate Office, operations, and other McDonald's SA departments.
- Prepares rent sets and business valuations where requested.
- Prepares monthly/annual reports for McDonald's SA departments, management, franchisees, and Corporate Office.
- Identifies opportunities through analysis, comparison, and benchmarking to improve the financial performance, and presents these to relevant parties.
- Assists in the Annual Audit preparation process.
- Assists in the annual budgeting process.
- Prepares and reviews reconciliations for restaurants Handover Payments.
- Assist with the Monthly Invoicing of Owner/Operator for monthly charges such as IT and insurance.
- Preparation of recons for review at month end.
- Provide financial support to Management, Franchising and Field Services Departments.
Investment Manager and Fixed Assets
- Creates annual investment programs.
- Loading of signed budgets and approval of capex spend.
- Maintain investment manager and suspense account.
- Provide support to project managers.
- Prepares and reconciles fixed asset register to the general ledger.
- Performs all fixed asset related entries e.g. Additions, disposals, depreciation etc.
- Prepares and executes all transfers from Assets Under Construction to Fixed Assets.
New Operators
- Assist new Operators with request of information from bankers for financing.
- Conduct Financial Orientations for New Franchisees.
- Support and guide both new operators and their accountants.
- Give guidance and support in arranging for the payment of the total McDonald's investment package.
Existing Operators
- Prepare Annual Business Review financial packages.
- Prepare Expansion Review packages.
Work Experience & Qualifications and skills
- Minimum of 3 years in a finance role.
- Completed a BComm Accounting degree or studying towards it part time (in 2nd/3rd year).
- Excellent Excel skills.
- Proficient with word.
- SAP experience would be preferred but not essential.
- Good with Microsoft Office.
Send your CV and latest pay slip to raca@aaaa.co.za.
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