Manager, Finance Full Time NEW

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.

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.

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.