Manager - Accounts & Finance

Corenza; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Corenza in Mumbai is seeking a Chartered Accountant with 1-2 years of post-qualification experience from a Big 4 firm to handle monthly MIS and financial reporting for franchise operations, including revenue tracking, royalty invoicing, and compliance with INDAS and GST.

You will manage accounts receivable, collections, foreign currency payments in USD, and royalty accounting across multiple locations, coordinating with banks and franchise partners.

Qualifications

• INDAS knowledge and GST/Income Tax familiarity are required.
• CA with 1–2 years post-qualification experience from Big 4 is preferred.
• Experience in retail or QSR space is favorable.
• Knowledge of international remittances and forex accounting is essential.
• Familiarity with bank portals and SWIFT payments is required.

Responsibilities

• Prepare monthly MIS reports for franchise performance and track revenue, royalty income, and franchise fees.
• Manage the AR cycle from invoicing to collection and monitor ageing reports.
• Support compliance with accounting standards and internal/external audits.
• Process USD royalty remittances and coordinate foreign outward remittances with banks.
• Record royalty expenses, perform forex revaluations, and reconcile royalty ledgers.

Skills

INDAS knowledge

Income Tax & GST knowledge

Excel proficiency

Forex accounting

SWIFT payments familiarity

Education

Chartered Accountant (CA)

Tools

Bank portals

SWIFT

Job description

Key Responsibilities:-

1. Monthly MIS & Financial Reporting

• Prepare monthly MIS reports for franchise performance.
• Sales reconciliation with POS, ERP and global database
• Royalty calculation
• Other income and expense streams, including franchise fees, lease rental, equipment rental and design fees
• Track revenue, royalty income, franchise fees, and other receivables.
• Calculate and invoice franchise royalties, marketing fees, and other charges.
• Monitor revenue recognition in compliance with accounting standards.
• Maintain franchise agreements and financial documentation.
• Coordinate with franchise partners for financial clarifications.
• Analyse sales data, outstanding balances, and profitability metrics.
• Prepare variance analysis and financial dashboards for management.
• Support budgeting and forecasting processes.

2. Accounts Receivable (AR) & Collections

Manage the complete AR cycle (billing to collection).

• Ensure timely issuance of invoices and account statements.
• Track ageing reports and follow up on overdue payments.
• Conduct regular collection calls/emails with franchisees.
• Reconcile payments and resolve discrepancies.
• Escalate long-pending cases to management.
• Maintain DSO (Days Sales Outstanding) within defined targets

3. Compliance and controls

• Ensure adherence to company policies and accounting standards.
• Support internal and external audits.
• Maintain accurate documentation and financial records.
• Maintain a copy of the franchise agreement and royalty clauses.
• Support statutory audit and transfer pricing documentation.

4. Foreign currency USD payments

• Process royalty remittances to the global franchisor in USD.
• Coordinate with banks for foreign outward remittances.
• Ensure compliance with FEMA/RBI (or applicable country regulations).
• Manage Form 15CA/15CB or equivalent compliance documentation (if applicable).
• Track exchange rates and account for forex gain/loss.
• Ensure timely payments to avoid penalties or contractual breaches.

5. Royalty accounting & reconciliation

• Record royalty expense and payable in books.
• Pass forex revaluation entries at month-end.
• Reconcile royalty ledger with franchisor statements.
• Ensure TDS/withholding tax compliance (if applicable under DTAA).

Qualification & Experience

• Chartered Accountant with 1 to 2 Years of experience from any Big 4 Firm
• Candidate having experience in any retail or QSR space will be given preference
• Knowledge of international remittances.
• Understanding of forex accounting and exchange rate impact.
• Familiarity with bank portals and SWIFT payments.
• Basic understanding of transfer pricing and withholding tax rules.

Competencies Required

• Expert knowledge of INDAS and Knowledge of Income Tax and GST provisions
• Ability to handle high-volume, multi-location financial data.
• Expertise in Microsoft Excel
• Excellent presentation and reporting skills.
• Detail-oriented with a structured approach.
• Strong process orientation and automation mindset.