Description
About the Company
Home Franchise Concepts is one of the largest franchising systems in the home improvement goods and services space. The Company’s brands: Budget Blinds, The Tailored Closet, PremierGarage, AdvantaClean, Kitchen Tune-Up, Bath Tune-Up, Two Maids, Aussie Pet Mobile, Lightspeed Restoration and Concrete Craft are consistently rated at the top of their categories and supported by more than 3,500 franchise territories in the U.S., Canada and Mexico.
Home Franchise Concepts is a subsidiary of JM Family Enterprises, a family-owned, professionally managed diversified automotive company. To diversify their portfolio, JM Family acquired Home Franchise Concepts in 2019 as their first non-automotive acquisition. The Company fit JM Family’s key investment criteria: asset-light with strong free cash flow characteristics and a track record of growth in an industry with long-term tailwinds. Since the acquisition, the Company has doubled the number of brands under management and is committed to continued, rapid profitable growth.
A few of the Company’s many Accolades and Awards
Entrepreneur’s Franchise 500
Entrepreneur’s Franchise 500 Best in Category
Entrepreneur’s Top Low-Cost Franchise
Entrepreneur’s Top New & Emerging Franchises
Entrepreneur’s Top Home-based Franchises
Entrepreneur’s Top 100 Global Franchises
About the Role
This role will be responsible for the accuracy of revenue and notes receivable. A key responsibility for this job will be performing ongoing audits of AR invoice schedules to franchise contracts across all brands and participating in optimization and systemic implementation initiatives. Additionally, this role will prepare and review monthly AR and ACH processing, manage and coordinate all duties associated with notes receivable for all Brands including preparing promissory notes, payment plans, bad debt schedules, analysis and journal entries, and ensuring the timeliness and accuracy of input so AR invoicing includes complete & accurate note collections. This role will work closely with the GL, AR, Legal, and Brand teams.
Job Functions
Revenue Audits
Audit AR integration files against franchise agreements to ensure accuracy of invoicing
Partner with AR team to implement optimization, including implementing system enhancements and processes
Prepare bad debt analysis and related journal entries; communicate the results of this analysis to Accounting Leadership
Reconciliation and analysis of all accounts receivable, notes receivable and bad debt accounts
Partner with IT, GL, and Brand teams on auditing key dates within the Salesforce system to ensure accuracy
Notes Receivable
Lead the creation and approval of notes receivables consistent with company policy by partnering with Legal, AR, and Brand teams
Ensure notes receivable are completely & accurately entered into Netsuite for timely AR team invoicing
Ensure changes including, prepayments, defaults, and other adjustments, are properly accounted for and schedules updated
Work alongside Accounting Leadership to optimize the existing process into systems
Accounts Receivable
Provide general oversight of franchise account balances and activity within the Accounts Receivable module of the general ledger system, NetSuite.
Review and verify receivable batches in NetSuite that the coordinators have entered.
Review ACH bank transactions, ensuring information submitted is correct and verified against any holds or exceptions.
Ensure all data entry and updates to ACH information have been entered accurately.
Prepare monthly account reconciliations; make Manager aware of any discrepancies in need of resolution on a timely basis.
Prepare Aged Receivables review in preparation for weekly meetings, including explanation and action on outstanding balances.
Assist in Interim and year end Audit.
Performs other duties as assigned or required.
Requirements
Strong attention to detail, organizational skills, and ability to multi-task
Ability to follow established procedures and meet deadlines
Analytical ability to synthesize information
Ability to identify and resolve problems in a timely manner
Technical skill of accounting process in multiple functional areas and possession of US GAAP accounting knowledge
Ability to identify issues and discuss them with supervisor for timely resolution
Ability to work independently and be a team player
Able to look for ways to improve Accounting processes and can communicate to supervisor in a thoughtful manner
Proficient computer skills including Microsoft Office programs
Ability to sit at a desk for extended periods of time throughout the day
Qualifications
Bachelor’s degree in Accounting, Finance, or related field
Preferred experience in audit, shared services, or general ledger close role
Preferred 5+ years work experience
Must have strong work ethics during high volume periods, including month-end, quarter-end, and year-end close
Must be able to balance workloads and multi-task while remaining cognizant of multiple reporting deadlines
Exceptional personal initiative and desire to drive consistent improvement
Experience in a multi-company, multi-location environment is highly encouraged
Excellent verbal and written communication skills
Problem-solving and analytical skills required
Intermediate Excel skills using Formulas and Pivot Tables
Knowledge and familiarity with the NetSuite Accounting System is preferred