Franchise Accountant (Real Estate and Franchise)

AtripleA; South Africa; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A prominent firm in the Real Estate sector is seeking a Franchise Accountant in South Africa. The role involves diverse financial responsibilities, including financial reporting, supporting new operators and existing operators. Ideal candidates will have at least 3 years of finance experience and a BComm Accounting degree or be studying towards it. Proficiency in Excel and familiarity with SAP are preferred. This is an excellent opportunity to contribute to the financial success of a leading franchisee network.

Qualifications

• Minimum of 3 years in a finance role.
• Completed a BComm Accounting degree or studying towards it part time.
• Excellent Excel skills.

Responsibilities

• Provide backup support to the debtor's function.
• Control the Licensee Database and franchisee legal documents.
• Prepare annual reports for McDonald's SA departments.

Skills

Financial analysis

Excellent Excel skills

Proficient with Word

SAP experience

Microsoft Office proficiency

Education

BComm Accounting degree or studying towards it

Tools

SAP

Job description

Overview

Our client in the Real Estate and Franchise is looking to hire a Franchise Accountant.

Duties and Responsibilities

• 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.