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.
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.
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.