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Manager, Fund Accounting

Company: Sonic
Location: Oklahoma City
Posted on: January 23, 2023

Job Description:

This position is responsible for the administration of accounting processes for the Brand (SBF), Marketing (SMF), and Technology (BTF) funds, and Co-ops. This includes the supervision and training of the Fund Staff Accountant positions. This position oversees the transactional processes of cash receipts, accounts payable and general ledger, preparation of monthly financial statements, management reports and audit schedules. This position has frequent interaction with Franchisees, vendors, field team members, and internal personnel. Participate in special projects as needed.

The team needs someone to sit in either of our Atlanta, Boston, or Oklahoma City Support Centers.

  • Provide excellent customer service to Co-op officers, field team personnel, budget managers, senior management, and vendors.
  • Oversee invoice processing for SBF/SMF and Co-op accounting into the Accounts Payable system; assure proper approval and coordination of check/ACH disbursements with Accounts Payable department. Review all check releases to ensure budget compliance before checks are released and oversee bank transfers for the weekly Accounts Payable.
  • Monitor cash position of each fund/co-op. Notify appropriate fund/co-op personnel of possible excess cash flow or shortfalls. Forecast invoice payments and incoming funds to effectively manage cash flow.
  • Handle all invoice disputes; keep -business center owners and vendors informed of any problems.
  • Review and approve the weekly contribution for BTF, SBF, SMF, and the Co-ops.
  • Communicate monthly with Jones McKnight (JME), the third-party firm performing the accounting function for the majority of the Sonic Co-ops. Review balance sheet, P&L, cash reconciliation, accounts receivable past due and other reports prepared by JME.
  • Oversee the monthly Reconciliation of the bank statements of SBF, SMF, BTF and certain Co-ops accounted for by the Funds team.
  • Review journal entries for the Fund accounting processes.
  • Monthly - oversee the preparation of BTF, SBF, SMF, and Co-op (those retained by Fund accounting) financial statements and budget variance reports for BTF, SBF and SMF. Reconcile and e-mail the Fund and Co-op (retained by the Funds team) financial statements to appropriate people.
  • Coordinate with external auditors for the yearly audits of BTF, SBF and SMF. Work with Director of Fund Accounting to prepare audit schedules by appropriate deadlines.
  • Track Coke/Dr. Pepper rebates and book appropriate entries to record rebates as earned and received.
  • Act as liaison with the Financial, Planning & Analysis team and other groups to participate in the annual budget and forecasting processes and provide comprehensive analysis of variances and unusual trends in G&A and other expenses. Work closely with the Tax department and other financial groups to ensure consistent application of accounting principles and information flow.EDUCATION AND EXPERIENCE QUALIFICATIONS:
    • Bachelors degree in Accounting
    • Certified Public Accountant or CPA candidate preferred
    • 4-6 years of total experience
    • Public accounting experience (Big 4 or large multinational firm accounting experience preferred)
    • Prior experience with general ledger accounting systems; Oracle Cloud preferredREQUIRED KNOWLEDGE, SKILLS, or ABILITIES:
      • Ability to plan work effectively, supervise and coordinate the work of other staff, meet the deadlines assigned, and make sound decisions.
      • Self-sufficient and dependable and strong ability to multi-task and shift priorities.
      • Strong analytical and problem-solving ability.
      • Advanced Microsoft Excel skills including but not limited to, pivot tables, lookup, and complex formulas. Must be able to work in Outlook, Excel and Word in a Windows environment.TRAVEL This position will require some infrequent travel.
        Inspire Brands is a multi-brand restaurant company whose portfolio includes nearly 32,000 Arbys, Baskin-Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns and SONIC Drive-In restaurants worldwide.
        Were made up of some of the worlds most iconic restaurant brands, but were much more than just a restaurant company. Were a team of hundreds of thousands who individually and collectively are changing the way people eat, drink and gather around the table. We know that food is much more than a stapleits an experience. At Inspire, thats our purpose: to ignite and nourish flavorful experiences.Required
        Job Industries
        • Food & Restaurant

Keywords: Sonic, Oklahoma City , Manager, Fund Accounting, Executive , Oklahoma City, Oklahoma

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