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Yum! Brands

Global franchised fast-food restaurant operator

Control Senior Analyst

Financial AccountingUpdated on Nov 12
Full-timeLouisville, KY, USA

About the Job

Requirements

  • A B.S. in Accounting is required, or a B.S. in Finance with significant accounting experience.
  • At least five years of accounting experience is required.
  • Strong experience with Microsoft Excel is required.

Responsibilities

  • Administer accounting, analysis, and reconciliation of KFC U.S. deferred franchise fees and franchise incentives, ensuring proper revenue recognition.
  • Administer new-store incentive rebates for franchised and licensed stores, tracking unit activity for compliance with U.S. GAAP.
  • Work with back-of-house data from franchised stores to create accurate royalty accruals in accordance with U.S. GAAP, track actuals against accrual estimates, and investigate material differences with brand partners.
  • Review the KFC U.S. AFDA report for compliance with Yum! policy, guide the KFC accounts receivable analyst in preparing the report, and work with the KFC Division Controller on policy exceptions.
  • Lead periodic accounts receivable close meetings with control, accounts receivable, brand finance, and franchise health teams to report royalties, franchise direct expenses, and AFDA results.
  • Prepare payment requests to the KFC advertising co-op (NCAC) for period advertising fees for equity and licensed stores.
  • Support the NCAC with questions related to franchisee requests.
  • Support the KFC Finance team by explaining variances and addressing inquiries related to core responsibilities.
  • Prepare Controller’s Deck pages documenting revenue recognition, franchise incentives, franchise receivables, and AFDA; explain significant quarterly and year-to-date changes from prior year-end balances.
  • Prepare and analyze KFC U.S. sales and royalty schedules in HFM and related MD&A reporting package pages for External Reporting; gather and review data, prepare reporting schedules, explain significant changes, and review results with the KFC U.S. Controller.
  • Prepare quarterly new-store rebate payments, review them with KFC development and financial health teams, and obtain KFC U.S. CFO approval in partnership with the brand.
  • Coordinate and provide timely responses to KPMG and Yum! internal audit for quarterly review and annual audit procedures.
  • Perform an annual impairment review of franchise incentives.
  • Support preparation and audit of annual financial statements and notes for inclusion in the Franchise Disclosure Document for KFC U.S., LLC.
  • Assist with special projects as needed.

Desired Qualifications

  • Experience with Oracle Hyperion Financial Management and JDE is preferred.
  • Public accounting firm or public company corporate accounting experience is preferred.
  • CPA or active CPA candidacy is preferred.

About the Company

Yum! Brands

Global franchised fast-food restaurant operator

Yum! Brands operates a global network of quick-service restaurants through a franchise-based model, with brands including KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. It expands mainly by granting franchises and collecting fees and royalties, while also owning a smaller number of company-operated restaurants. Its scale, multi-brand lineup, and franchise-heavy approach help it reach many markets while reducing direct operating costs and risks. The goal is to grow its global footprint and maximize value from its brands by expanding the franchise network and optimizing operations and menu presence across markets.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Louisville, KY
Founded
1997

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