Job Description
About the Job:
The Control Senior Analyst supports KFC U.S. financial control and reporting activities related to franchise revenues, incentives, receivables, royalties, and advertising fees. This role manages accounting, analysis, reconciliations, and accruals in accordance with U.S. GAAP and Yum! policies, while partnering with Finance, Development, Accounts Receivable, Franchise Health, and other cross-functional teams to investigate variances and resolve accounting matters. As a Control Senior Analyst you will also support quarterly financial reporting, Controller's Deck preparation, audit requests, new store incentive payments, annual franchise incentive impairment reviews, and Franchise Disclosure Document financial statements, while providing clear financial analysis and insights to KFC leadership.
You will be required to attend the Louisville, KY office three days per week (Tuesday - Thursday).
Salary Range:
$89,300 - $100,000 + 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
Period Responsibilities (50%)
• Administer accounting, analysis, and reconciliation of KFC U.S. deferred franchise fees and franchise incentives, including ensuring proper revenue recognition.
• Administer KFC new store incentive rebates for both franchised and licensed stores which includes tracking unit activity to ensure compliance with US GAAP.
• Work with back of house data from franchised stores to ensure accurate royalty accrual creation in accordance with US GAAP. Track periodic actuals vs. accrual estimates and work with brand partners to investigate material differences.
• Review KFC US AFDA report to ensure compliance with YUM policy. Provide guidance to KFC AR analyst in preparation of AFDA report. Work with KFC Division Controller to navigate any policy exceptions.
• Lead periodic AR close meetings with control, AR, brand finance, and franchise health teams to report royalties, franchise direct expenses, and AFDA report results.
• Prepare payment requests to KFC advertising co-op (NCAC) for equity stores and license stores period advertising fees.
• Partner and support the NCAC with questions related to franchisee requests.
• Support the KFC Finance team to help explain variances and address other inquiries related to core responsibilities.
Quarter Responsibilities (30%)
• Prepare deck pages documenting revenue recognition, franchise incentives, franchise receivables, and AFDA for the Controller's Deck. Explain significant changes each quarter and YTD from previous year end balances.
• Prepare and analyze KFC U.S. sales and royalty schedules in HFM and related MD&A reporting package pages used by External Reporting to discuss financial results. Gather and review data, prepare reporting schedules, explain significant changes and review results with KFC U.S. Controller.
• Prepare quarterly new store rebate payments. Review with KFC development and financial health teams. Partner with brand to obtain KFC US CFO approval.
• Coordinate and provide timely responses to KPMG and YUM internal audit as part of their quarterly review and annual audit procedures.
Other Responsibilities (20%)
• Perform annual impairment review of franchise incentives.
• Support the preparation and related audit of annual financial statements and notes to be included within the Franchise Disclosure Document for KFC US, LLC.
• Assist with special projects as needed.
Qualifications
Minimum Requirements:
• B.S. in Accounting or B.S. in Finance if candidate has significant accounting experience.
• 5+ years accounting experience
• Strong Microsoft Excel experience
Preferred Qualifications:
• Experience with Oracle Hyperion Financial Management and JDE
• Public accounting firm or public company corporate accounting experience
• CPA or active CPA candidate
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.
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