Accounting Specialist - Equity Accounting

We are looking for a highly analytical and detail-oriented professional to support our company-owned restaurants’ financial operations. The ideal candidate will play a critical role in cost analysis, financial reporting, and compliance, ensuring accurate financial data for decision-making. This role requires strong collaboration with supply chain, operations, and finance teams to drive financial efficiency and accuracy.

Minimum Requirements: 
•    Bachelor’s degree in accounting, Finance OR CA Qualified.
•    4+ 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:

Journal Entry Preparation & Review
•    Prepare and post recurring and ad-hoc journal entries for store operations.
•    Maintain adequate supporting documentation for all entries.
•    Ensure transactions are recorded in accordance with local accounting standards and company policies.

Balance Sheet Reconciliations
•    Prepare and review monthly balance sheet reconciliations related to inventory, prepaid expenses, accruals, advertising funds, and other store-related accounts.
•    Investigate and resolve aged reconciling items on a timely basis.
•    Ensure compliance with month-end close and accounting policies.

Store Performance Analysis
•    Monitor key operational and financial KPIs including sales, food cost, labour cost, EBITDA, and store profitability.
•    Identify underperforming stores and provide actionable recommendations to improve financial performance.

Fixed Assets & Lease Accounting Support
•    Support accounting for store fixed assets, capital expenditures, depreciation, and asset disposals.
•    Assist in lease accounting activities and ensure compliance with applicable accounting standards.
•    Support periodic asset verification and impairment assessments.

Cash/AR Reconciliation
•    Monitor store cash balances, deposits, and cash reconciliation processes.
•    Ensure to maintain B/S schedules for receivables.

Business Partnering
•    Act as a finance partner to Operations, SCM, Marketing, and Market Finance teams.
•    Provide financial insights to support operational decisions and business initiatives.
•    Participate in business reviews and management meetings.

New Store Openings & Closures Accounting
•    Support financial accounting activities related to new store openings, remodel projects, relocations, and store closures.
•    Ensure proper accounting treatment of pre-opening expenses and closure costs.