Sr. Manager Franchise Accounting

Job Description

Job Description

Position Summary:

The Senior Manager of Franchise Accounting is responsible for managing the financial accounting and reporting for the companys franchise operations. This includes overseeing financial transactions, ensuring compliance with accounting standards, and driving the accuracy of reporting for franchise-related revenues, royalties, fees, and costs. In this role, you will lead a team of accountants, collaborate with various departments (including Operations and Legal), and provide leadership in improving systems, controls, and processes within franchise accounting. The ideal candidate will have a strong background in accounting for franchises, particularly in the healthcare sector, and demonstrate the ability to drive strategic financial insights that support the growth of the organization.

Key Responsibilities:

Franchise Financial Reporting:

• Oversee all franchise-related financial reporting, including weekly, monthly, quarterly, and annual financial statements for franchise operations.
• Ensure accurate and timely recording of franchise fees, royalties, and other franchise-related income and expenses.
• Review and analyze franchise revenue streams, including performance-based incentives, royalties, and marketing fund contributions.
• Prepare financial reports and analysis for senior leadership, focusing on franchise profitability, trends, and financial performance.

Accounting and Compliance:

• Ensure compliance with GAAP, franchise-specific accounting standards, and local regulatory requirements.
• Manage the accurate recognition of revenue related to franchise agreements, including initial franchise fees, ongoing royalties, and other contractual obligations.
• Implement and monitor internal controls to prevent errors or fraud related to franchise transactions.

Franchisee Support and Communication:

• Serve as the primary financial liaison between the corporate finance office and franchisees.
• Provide guidance and support to franchisees on financial matters, including accounting policies, reporting requirements, and best practices.
• Review and approve franchisee financial reports, ensuring consistency and accuracy in reporting.
• Address and resolve any financial issues or disputes between corporate and franchisees.

Leadership & Process Improvement:

• Drive process improvements in franchise accounting workflows, leveraging technology to streamline processes and reduce errors.
• Assist in the development of annual budgets and forecasts for the franchise division, collaborating with operations and other departments.
• Participate in system enhancements or upgrades to ensure franchise accounting processes remain efficient and compliant.

Qualifications:

• Bachelors degree in Accounting, Finance, or related field required; CPA or MBA preferred.
• 8+ years of progressive experience in accounting, with at least 35 years in franchise accounting or a related field.
• Strong understanding of GAAP, franchise accounting standards, and healthcare-specific financial practices.
• Experience in a franchise environment, particularly within a healthcare or healthcare services company.
• Proficiency with ERP systems (e.g., Sage Intacct) and financial reporting tools.
• Strong leadership skills and experience managing and developing teams.
• Excellent communication, analytical, and problem-solving skills.

Preferred Attributes:

• Experience with multi-location, multi-entity accounting and financial reporting.
• Familiarity with franchise agreements, royalties, and related contractual obligations.
• Knowledge of healthcare reimbursement models or managed care operations.
• CPA, CMA, or other professional certifications related to accounting or finance.

Compensation & Benefits:

• Competitive salary based on experience
• Comprehensive benefits package, including medical, dental, vision, and life insurance
• 401(k) with company match
• Generous PTO and paid holidays

This is a remote position.