Franchise & Royalty Audit Specialist – Hybrid

Withum; Philadelphia (Philadelphia County); Hybrid; USD 85,000 - 110,000; Full time

Job summary

Withum’s Risk Advisory practice is growing, seeking a Contract Compliance Senior Consultant to handle royalty audits, franchise compliance, revenue participation audits, lease reviews, and vendor audits. The role requires 3+ years in public accounting or contract compliance and a CPA track record or progress toward CPA/CFE certification.

The Senior Consultant will work from one of several offices (New York, Whippany, East Brunswick, Red Bank, Princeton, or Philadelphia) in a hybrid setting with

Qualifications

• Bachelor’s degree in accounting, finance, or related field.
• Licensed CPA, or working towards CPA/CFE certification, or other equivalent certifications.
• 3+ years of experience working for a public accounting firm or performing contract compliance engagements.
• Effective client service and communication skills, both verbal and written.
• Strong critical thinking, analytical, and problem-solving skills.
• Experience evaluating, analyzing and interpreting contractual obligations.
• Strong Excel and other data analytic software skills.
• Knowledge of various business processes including ICFR, Revenue, Accounts Payable, Treasury, Financial Close, etc.
• Desire and ability to work in a team environment.

Responsibilities

• Assisting audit teams with planning and testing of franchisees and licensees' compliance, financial and brand management, with the contractual obligations for all contract compliance audits.
• Performing analysis of the franchisees and licensees' financial records to determine reportable income and other contractual obligations.
• Perform independent research on franchisees, owners, and related parties and businesses to the contractual relationship.
• Manage the project process and ensure the timeliness of completion, and communicate with the clients to ensure their cooperation.
• Preparing work papers summarizing evidentiary data obtained, conclusions reached, and findings due to our clients.
• Document the franchisees and licensees' response to our testing and verify if the response is in accordance with the contract obligations.
• Prepare a written report with a documented explanation of the process, franchisees and licensees' response, and the recalculation of fees due to our clients based on the reporting requirements.

Skills

Client service

Analytical thinking

Problem solving

Excel

Data analytics

Teamwork

Contractual obligations knowledge

Education

Bachelor's degree in accounting, finance, or related field

CPA certification in progress / CPA/CFE candidate or equivalent certifications

Tools

Excel

Data analytics tools

Job description

Withum’s Risk Advisory practice is growing, seeking a Contract Compliance Senior Consultant to handle royalty audits, franchise compliance, revenue participation audits, lease reviews, and vendor audits. The role requires 3+ years in public accounting or contract compliance and a CPA track record or progress toward CPA/CFE certification.

The Senior Consultant will work from one of several offices (New York, Whippany, East Brunswick, Red Bank, Princeton, or Philadelphia) in a hybrid setting with