The Network Management Accountant specialises in managing the financial aspects of the franchised network operations (36 depots nationwide). The Network management accountant plays a crucial role in ensuring the financial health of both the Company and Network Member. The successful candidate in this role will have a strong foundation in accounting principles, financial analysis, and reporting. Additionally, they should be familiar with the specific nuances of a network business model and possess excellent communication skills to work effectively with various stakeholders within the Network. Here are the key responsibilities and skills associated with the role of a Network Management Accountant.
Job Responsibilities
Financial Reporting
- Generate regular reports on key financial metrics and performance indicators
- Ensure compliance with accounting standards and regulatory requirements
- Budgeting and Forecasting
- Develop and monitor budgets for the network operation.
- Assist in the creation of financial forecasts and projections
- Provide financial insights to support strategic decision-making
Cost Analysis
- Analyse and report on costs associated with network operation
- Conduct cost-benefit analyses for various initiatives
- Identify opportunities for cost reduction and efficiency improvement
Financial Planning and Analysis
- Collaborate with management to develop financial plans and strategies
- Conduct variance analysis to compare actual financial results against budgeted or forecasted figures
- Provide insights into financial trends and potential areas of concern
Tax Compliance
- Ensure compliance with tax regulations
- Provide guidance on tax implications of business decisions
Financial Systems and Software
- Utilise accounting software and financial systems to manage and analyse financial data
- Stay updated on technological advancements in financial management tools
Cash Flow Management
- Monitor and manage cash flow for both the Company and Network Member
- Implement strategies to optimise cash flow and liquidity
Audit Support
- Facilitate financial audits for both franchisors and franchisee units
- Ensure documentation and compliance with audit requirements
Communication Skills
- Communicate financial information effectively to non-financial stakeholders
- Collaborate with franchise management and operations teams to align financial goals with overall business objectives
Key Criteria
Qualifications
- Bachelor’s degree in Business, Finance, or a related field.
- Strong analytical skills with proficiency in financial modeling and data analysis tools.
- Knowledge of franchising operations and business principles.
- Excellent communication and interpersonal skills.
- Ability to work independently and collaboratively in a team environment.
- Attention to detail and the ability to prioritise tasks effectively.
Experience
- Previous experience in financial analysis, business analysis, or a related field.
- Familiarity with the franchise industry is a plus.
- Overall, the Franchise Business Analyst plays a crucial role in optimising the performance of a franchise network by providing data-driven insights and strategic recommendations.
Application Process
To apply for this role please CLICK HERE