Manager – Accounts & Finance

About Company

The company is a global food-service brand with a large international presence, operating thousands of locations across over 100 countries. It provides quick, convenient meal options and focuses on delivering a consistent experience while allowing flexibility to meet local preferences.

Job Description

Key Responsibilities:-

1. Monthly MIS & Financial Reporting

• Prepare monthly MIS reports for franchise performance.
• Sales reconciliation with POS, ERP and global database
• Royalty calculation
• Other income and expense streams, including franchise fees, lease rental, equipment rental and design fees
• Track revenue, royalty income, franchise fees, and other receivables.
• Calculate and invoice franchise royalties, marketing fees, and other charges.
• Monitor revenue recognition in compliance with accounting standards.
• Maintain franchise agreements and financial documentation.
• Coordinate with franchise partners for financial clarifications.
• Analyse sales data, outstanding balances, and profitability metrics.
• Prepare variance analysis and financial dashboards for management.
• Support budgeting and forecasting processes.

2. Accounts Receivable (AR) & Collections

• Manage the complete AR cycle (billing to collection).
• Ensure timely issuance of invoices and account statements.
• Track ageing reports and follow up on overdue payments.
• Conduct regular collection calls/emails with franchisees.
• Reconcile payments and resolve discrepancies.
• Escalate long-pending cases to management.
• Maintain DSO (Days Sales Outstanding) within defined targets

.3. Compliance and controls
• Ensure adherence to company policies and accounting standards.
• Support internal and external audits.
• Maintain accurate documentation and financial records.
• Maintain a copy of the franchise agreement and royalty clauses.
• Support statutory audit and transfer pricing documentation.

4. Foreign currency USD payments
• Process royalty remittances to the global franchisor in USD.
• Coordinate with banks for foreign outward remittances.
• Ensure compliance with FEMA/RBI (or applicable country regulations).
• Manage Form 15CA/15CB or equivalent compliance documentation (if applicable).
• Track exchange rates and account for forex gain/loss.
• Ensure timely payments to avoid penalties or contractual breaches.

5. Royalty accounting & reconciliation
• Record royalty expense and payable in books.
• Pass forex revaluation entries at month-end.
• Reconcile royalty ledger with franchisor statements.
• Ensure TDS/withholding tax compliance (if applicable under DTAA).

Qualification & Experience
• Chartered Accountant with 1 to 2 Years of experience from any Big 4 Firm
• Candidate having experience in any retail or QSR space will be given preference
• Knowledge of international remittances.
• Understanding of forex accounting and exchange rate impact.
• Familiarity with bank portals and SWIFT payments.
• Basic understanding of transfer pricing and withholding tax rules. 

Competencies Required
• Expert knowledge of INDAS and Knowledge of Income Tax and GST provisions
• Ability to handle high-volume, multi-location financial data.
• Expertise in Microsoft Excel
• Excellent presentation and reporting skills.
• Detail-oriented with a structured approach.
• Strong process orientation and automation mindset.