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.
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