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Job Description
We are looking for a highly analytical and detail-oriented Manager to support our company-owned restaurants’ financial operations. The ideal candidate will play a critical role in cost analysis, financial reporting, preparation of profit and loss accounts, fixed assets accounting and ensuring accurate financial data for decision-making. This role requires strong collaboration with operations and finance teams to drive financial efficiency and accuracy.
Responsibilities
Key Responsibilities:
- Cost of Sales (COS) Computation & Reporting:
Work closely with the market Supply Chain Management (SCM) and Operations teams to obtain inventory-related data for monthly COS computation.
Prepare COS reports and book corresponding entries in the ERP system to ensure accurate financial reporting.
- Advertising Contribution & Revenue Entries:
Record and analyse advertising contribution entries based on revenue.
Process additional marketing contribution entries, if applicable, ensuring compliance with financial guidelines.
Conduct In-depth Analysis Of Key Cost Components, Including
COL (Cost of Labor)
Semi-variable costs
Fixed costs
Advertising expenses
Identify trends and variances to provide insights for cost optimization.
- Equity Store P&L Preparation:
Prepare Profit & Loss (P&L) statements for equity stores, ensuring accuracy and completeness.
Highlight key performance metrics and financial insights for management review.
- Audit & Compliance Support:
Provide necessary financial data and documentation to the compliance team for internal and statutory audits.
Ensure adherence to financial policies and audit requirements.
- Impairment Testing & Financial Reporting:
Prepare impairment testing data on a monthly basis in compliance with US and local accounting standards.
Provide data to the supervisor for review and submission to the Market Finance Planning Team/CFO.
Fixed Assets Accounting
- Review fixed asset register covering all company fixed assets by item within designated categories of land, buildings,
leasehold improvements, equipment, furniture/fixtures and motor vehicles, as well as all additions, retirements and asset transfers
- Post depreciation calculations on a periodic basis, with a periodic review
- Ensure to capitalize all relevant assets in work in progress (WIP).
- Responsible for timely & accurate coding of fixed asset invoices in web-based invoice approval system.
- Prepare & process journals as requested.
- Review Equipment Warehouse fixed asset journal, including manual checking and analysis
- Conduct reconciliation of physical equipment stock take listings to fixed asset register for each restaurant/cost centre
(asset verification).
- Prepare periodic balance sheet reconciliations for assigned fixed assets and WIP General Ledger accounts.
Lease Accounting
- Review GL entries for lease related transactions and ensure lease accounting as per IFRS 16
- Review Rent payments and accrual accounting for Rent, CAM and Other property taxes.
- Conduct quarterly reporting and Balance Sheet Flux analysis.
- Prepare period-end and quarterly accounting and analysis of various rent-related expense accounts.
- Manage refranchise deals, raise recharges to Franchisees for sub-let stores for business rentals.
- Responsible for quarterly and annual forecasting, including explanations for variances and monthly true-up details.
- Assist with all internal and external audit team requests, ensuring requests and responses are logical and timely.
Qualifications
Minimum Requirements:
- Master’s degree in accounting, Finance, or a related field (CA qualified preferred).
- 5+ years of experience in financial analysis, accounting, or cost management (preferably in restaurant, retail, or FMCG industries).
- Strong knowledge of cost analysis, P&L reporting, and financial reconciliation.
- Experience working with ERP J D Edward System and financial reporting tools.
- Proficiency in Microsoft Excel (advanced formulas, pivot tables, and financial modelling).
- Strong analytical, problem-solving, and communication skills.
- Ability to work independently and collaborate with cross-functional teams.
- Work with a collaborative team in a fast-paced environment.
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