Key Responsibilities:-

1. Monthly MIS & Financial Reporting

- Prepare monthly MIS reports for franchise performance.
- Sales reconciliation with POS, ERP and global database
- Royalty calculation
- Other income and expense streams, including franchise fees, lease rental, equipment rental and design fees
- Track revenue, royalty income, franchise fees, and other receivables.
- Calculate and invoice franchise royalties, marketing fees, and other charges.
- Monitor revenue recognition in compliance with accounting standards.
- Maintain franchise agreements and financial documentation.
- Coordinate with franchise partners for financial clarifications.
- Analyse sales data, outstanding balances, and profitability metrics.
- Prepare variance analysis and financial dashboards for management.

• Support budgeting and forecasting processes.

2. Accounts Receivable (AR) & Collections Manage the complete AR cycle (billing to collection).

- Ensure timely issuance of invoices and account statements.
- Track ageing reports and follow up on overdue payments.
- Conduct regular collection calls/emails with franchisees.
- Reconcile payments and resolve discrepancies.
- Escalate long-pending cases to management.
- Maintain DSO (Days Sales Outstanding) within defined targets

.3. Compliance and controls

- Ensure adherence to company policies and accounting standards.
- Support internal and external audits.
- Maintain accurate documentation and financial records.
- Maintain a copy of the franchise agreement and royalty clauses.




- Support statutory audit and transfer pricing documentation.

4. Foreign currency USD payments

- Process royalty remittances to the global franchisor in USD.
- Coordinate with banks for foreign outward remittances.
- Ensure compliance with FEMA/RBI (or applicable country regulations).
- Manage Form 15CA/15CB or equivalent compliance documentation (if applicable).
- Track exchange rates and account for forex gain/loss.
- Ensure timely payments to avoid penalties or contractual breaches.

5. Royalty accounting & reconciliation

- Record royalty expense and payable in books.
- Pass forex revaluation entries at month-end.
- Reconcile royalty ledger with franchisor statements.
- Ensure TDS/withholding tax compliance (if applicable under DTAA).

Qualification & Experience

- Chartered Accountant with 1 to 2 Years of experience from any Big 4 Firm
- Candidate having experience in any retail or QSR space will be given preference
- Knowledge of international remittances.
- Understanding of forex accounting and exchange rate impact.
- Familiarity with bank portals and SWIFT payments.
- Basic understanding of transfer pricing and withholding tax rules.

Competencies Required

- Expert knowledge of INDAS and Knowledge of Income Tax and GST provisions
- Ability to handle high-volume, multi-location financial data.
- Expertise in Microsoft Excel
- Excellent presentation and reporting skills.
- Detail-oriented with a structured approach.
- Solid process orientation and automation mindset.

📌 Manager - Accounts & Finance (Mumbai)
🏢 Corenza
📍 Mumbai