Management Accountant - Franchised retail Kiosks

Wonderfield Group; City Of London; Hybrid; GBP 50,000 - 60,000; Full time

Job summary

A dynamic food service company in London is seeking a Management Accountant for an 18-month Fixed Term contract. The ideal candidate will have experience in a franchised environment, advanced Excel skills, and will oversee revenue and costs in retail and restaurant operations. The role also involves posting invoices, preparing reconciliations, and providing insightful financial analysis. This position offers a fantastic hybrid working environment with opportunities for career growth.

Benefits

Hybrid working environment

Career growth opportunities

Excellent support service

Qualifications

• Experience working in a franchised environment in accounts.
• Strong attention to detail and organizational skills.
• Proficient in advanced Excel functionalities.

Responsibilities

• Responsible for retail and restaurant revenue and cost of goods.
• Prepare and reconcile franchisee invoicing.
• Handle bank postings and reconciliation.

Skills

Experience in franchised environment

Accuracy and organisational skills

Advanced Excel skills

ACCA or CIMA qualification

Communication skills

Ability to manage key relationships

Positive attitude

Education

ACCA, CIMA

Job description

Management Accountant - Franchised retail Kiosks

Head Office - Wonderfield Group

Contract: Full Time
Salary: 50-60K
Contracted Hours: 40

The Wonderfield Group has recently been purchased by Zensho Holdings, the leading food service company in Japan with a market cap of $5.5b and whose aim is to become the worlds largest food company, a position from which we can eradicate hunger and poverty from around the globe. We operate restaurants, factories, and thousands of sushi kiosks and have recently built a successful cut fruit business, Snowfruit. Combining this with the three businesses previously owned by Zensho, AFC, Sushi Circle and Sushi Take, results in annual sales of $2.5b and Ebitda in excess of $140m a year with an ambitious growth trajectory.

• Experience working in a franchised environment in accounts
• Accuracy and organisational skills
• Advanced excel skills.
• Qualification (ACCA, CIMA)
• Experience of working within a multi-site and franchisor organisation would be advantageous.
• Strong communication skills and an ability to manage key relationships both internally and with external partners.
• Positive can-do attitude and takes pride and ownership of their work

Overview of the role

We are looking for a Management Accountant with experience of working within a franchised environment on a Fixed Term contract for 18 months. The Management Accountant will be responsible for all aspects of Retail and Restaurant revenue and cost of goods. Franchisee invoicing (deposit invoices and monthly revenue invoices), posting all recharges and making sure all payments are made in accordance with the contracts. They will also deal with all bank postings, bank reconciliations, cashflow data prep, International P&Ls, Retro invoicing, royalty income, commissions, delivery partners. They will be accountable for preparing accurate monthly balance sheet reconciliations, insightful analysis. Identifying areas within the finance function to improve performance and act as a valued adviser to the Management Accountants Team.

Key resonsibilities

• Posting revenue for retail and all franchisees
• Posting royalty income
• Posting and reconciling all delivery partner revenue
• Posting retail commissions in accordance with the contract
• Reviewing and accruing all cost of goods sold for retail
• Franchisee invoicing (deposit invoices and monthly revenue invoices), posting all recharges and making sure all payments are made in accordance with the contracts.
• Bank postings and reconciliation
• Assistance with preparing cashflow data
• Aged accounts receivable reconciliation
• Assisting in the preparation of retail P&Ls at month end including raising of any necessary accruals and prepayments.
• Site by site reviews of P&Ls explaining any large variances to budget.
• Balance sheet reconciliations to be prepared and uploaded to ADRA for review monthly.
• Responding to any finance queries received from the business and franchisees.
• Assist with audit queries.
• Other ad hoc duties as required.

We're proud to offer

• Fantastic hybrid working environment working 3 days on site
• Opportunity to grow your career alongside with us with available apprentice program
• Brilliant support service