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US Property Analyst job in Louisville

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Employer:  Yum! Brands
Job Ref:  89657
Country:  United States
City:  Louisville
State:  Kentucky (KY)
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly 43,000 restaurants in 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. The Company's restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Since our spin-off from PepsiCo in 1997, Yum! Brands has become a truly global company going from approximately 20 percent of profits coming from outside the U.S. to almost 65 percent in 2015. We're a leader in global retail development, opening on average over six new restaurants per day worldwide.

We're proud to be the worldwide leader in emerging markets with nearly 17,000 restaurants, nearly twice as many as the nearest competition. With about 2.5 restaurants per million people in the top 10 emerging markets, compared to 57 restaurants per million in the U.S., we are on the ground floor of global growth.

Our goal is to continue to build three global, iconic brands that people trust and champion. We are evolving KFC, Pizza Hut and Taco Bell into more relevant, engaged, connected and caring global brands. We will focus on sharper brand positioning and insight-driven marketing programs by concentrating on these key areas: more product customization, more transparency, leading innovation and more engagement through social media and digital. We also remain focused on the three keys to driving shareholder value: new-unit development, same-store sales growth and generating high returns on invested capital.

Importantly, we're extremely proud of our associates around the globe and the unique culture we've built, one that's filled with energy, opportunity, and fun. We believe in our people, trust in their positive intentions, encourage ideas from everyone, and have actively developed a workforce that is diverse in style and background. Yum! Brands is a place where anyone can, and does, make a difference.

Job Description

Core accounting and reporting accountabilities
  • Ensure appropriate application of GAAP and YUM! accounting policies for property accounting which include fixed cost (i.e. depreciation and retirements) as well as facility actions including closed store accounting (e.g. asset impairment, lease reserves and ongoing facility costs), refranchising and acquisitions such that financial statements and store level reporting are complete and accurate.
  • Partner with TB Associate Manager, TB finance and IT teams to ensure appropriate accounting for the IT software development projects. Ensure appropriate application of GAAP and YUM! accounting policies.
  • Execute all period accounting responsibilities and analyses for assigned P&L cost. Partner with Planning teams and Project Costing to identify and resolve any issues and determine key drivers of P&L variances.
  • Accountable for period and quarterly reporting for property accounting, which includes various journal entries, periodic analysis and presentations for pre-close meetings, balance sheet reviews, judgmental reserves, etc.
  • Prepare/review period, quarter, and annual schedules for TB U.S. in HFM to ensure timely and accurate submission to YUM External Reporting.
  • Provide accounting support to TB business initiatives as necessary.
  • Provide ongoing support to TB for ad hoc requests and communicate in a timely and accurate manner all significant or unusual items.
  • Responsible for various property related account reconciliations. Perform quarterly asset reviews of asset management data.
  • Analyze period activity

Other Projects and Analysis
  • Special projects as assigned which may include unusual asset transactions, standardization initiatives, process improvements, etc.
  • Responsible for initial semi-annual impairment analysis for Taco Bell using complex excel-based modeling tools and assessment of various business assumptions for reasonableness. Analyze impairment results and prepare the Taco Bell Division impairment deck and present results to Yum Control Leadership team and KPMG. .
  • Support or participate in various U.S. Control special projects, such as, Project Mosaic-JDE implementation, testing and utilization of new query tools and Revenue recognition.
  • Coordinate requests for fixed assets, depreciation, closed store reserves and asset impairment information from external auditors and internal customers such as Tax and Mergers & Acquisitions.

Minimum Requirements

  • Bachelor's degree in Accounting or Finance.
  • CPA certification considered a plus

EXPERIENCE (and other qualifications):
  • 3-5 years relevant accounting experience.

  • Demonstrate understanding of GAAP and ability to interpret and implement accounting policy changes.
  • Ability to quickly mine large volumes of data, manipulates the data via Excel, analyze the data, and then reach appropriate conclusions. Strong computer skills a plus
  • Excellent communication, written and oral, as well as interpersonal skills.
  • Very strong attention to detail and organization skills.
  • Proven analytical skills and desire to learn.
  • Ability to balance workload and drive process improvements and efficiencies.
  • Must be able to work long hours, especially at period and quarter end.
  • Must be pro-active, able to manage multiple, complex projects simultaneously and work independently.
  • Ability to analyze complex issues and propose resolutions.
  • Proven ability to drive process improvement initiatives and produce results with limited oversight.
  • Self-motivated with drive and enthusiasm for achieving quality results.
  • Proficiency with Microsoft Word, Excel and PowerPoint software applications.
  • Proficiency with PeopleSoft, HFM and Lucernex preferred.


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