Manager – Finance

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.

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.
 

 
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.
•    Financial Analysis:
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.