Job Description
About the Job:
Join Yum!'s Global M&A team and help unlock growth across one of the world's largest restaurant companies. The Associate Manager, M&A evaluates and executes transactions that shape Yum!'s long-term growth strategy, including acquisitions, divestitures, equity investments, and refranchising transactions.
Reporting to the Director of M&A, this role will support the M&A team across the full transaction lifecycle, including acquisitions, divestitures, equity investments, and refranchising initiatives for Yum! and its portfolio of iconic brands: Taco Bell, KFC, and the Habit Burger Grill.
The role includes exposure to leaders throughout the organization as well as other third-party transaction-related advisors and our world-class franchisees.
You will be required to attend the Plano, TX office three days per week (Tuesday - Thursday).
Salary Range:
$110,500 - $130,000 + bonus eligibility. This is the expected salary range for this position. Ultimately, in determining pay, we'll consider the successful candidate's location, experience, and other job-related factors.
Responsibilities
• Independently evaluate and execute acquisitions, divestitures, equity investments, and refranchising initiatives across Yum! and its brands, with guidance provided on more complex transactions.
• Partner with senior deal leads to underwrite opportunities, including financial modeling, valuation analysis, and scenario planning to support investment and capital allocation decisions.
• Analyze and synthesize deal materials shared with Yum and translate findings into clear recommendations.
• Review transaction documents and support negotiations alongside legal teams, including Letters of Intent, Asset Purchase Agreements, and related deal documents.
• Support and eventually lead U.S. refranchising transactions from initiation through closing, including preparation of offering materials and coordination with brands and franchisees.
• Manage closing and post-closing processes, ensuring all deliverables and follow-ups are completed.
• Serve as a key project manager for assigned transactions, coordinating internal and external stakeholders and ensuring timelines and approvals are met.
• Partner with brand teams and cross-functional stakeholders to prepare transactions for Deal Committee and Capital Committee review.
• Maintain and enhance Yum!'s M&A knowledge base and best practices.
Qualifications
Minimum Requirements:
• Bachelor's degree required in Business, Finance, Accounting, or a related field; MBA, CFA, or CPA a plus.
• Approximately 7+ years of professional experience in M&A, corporate development, investment banking, management consulting, strategy, or a related field (or fewer years with an MBA).
• Strong financial analysis skills, including advanced financial modeling, valuation techniques, and financial statement analysis.
• Strong written and verbal communication skills, with the ability to engage effectively with senior leadership and external partners.
Preferred Qualifications:
• Experience in consumer, retail, restaurant, franchise, or asset-light business models is a plus.
• Proven project management skills and ability to manage multiple workstreams concurrently.
• Advanced proficiency in Microsoft Excel and PowerPoint.
Benefits:
Employees (and their eligible family members) may enroll in the following types of insurance coverage: medical, dental, vision, legal, and accidental death and dismemberment, as well as FSA/HSA (depending on enrolled medical plan). Yum! also provides short-term disability, long-term disability, and life insurance. Employees may enroll in our 401(k) plan. Yum! provides 4 weeks of vacation, paid sick leave, 10 paid holidays, a floating day off and 2 paid days for volunteer time each calendar year. To learn more about working at Yum! -Click here.
Beware of fake job postings using Yum! and/or our brand logos -- KFC, Pizza Hut, Taco Bell and Habit Burger & Grill -- on fraudulent sites. Yum! Brands only posts jobs on official career pages and never asks for money during onboarding. Avoid unsolicited contacts via Telegram, WhatsApp or similar social apps.
