Franchise Finance Manager Job Description [Updated for 2025]

In the fast-paced world of business, the role of a Franchise Finance Manager has never been more crucial.

As businesses grow and expand, the demand for savvy financial minds capable of managing, optimizing, and protecting our franchise finances only escalates.

But what does it truly entail to be a Franchise Finance Manager?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager seeking the perfect candidate,
• Or simply curious about the intricacies of franchise finance management,

You’re in the right place.

Today, we present a customizable Franchise Finance Manager job description template, crafted for easy posting on job boards or career sites.

Let’s delve right into it.

Franchise Finance Manager Duties and Responsibilities

Franchise Finance Managers work closely with both the franchisor and franchisees to ensure financial success and stability.

They are responsible for managing financial planning, analysis, and projection for franchises and provide financial models and forecasting.

Their duties and responsibilities include:

• Analyze and interpret financial data and recommend changes to improve systems and financial performance
• Manage the budgeting, forecasting, and planning process for the franchise
• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action
• Maintain a strong financial analysis foundation creating forecasts and models
• Advise on investment activities and provide strategies that the company should take
• Monitor the day-to-day financial operations within the franchise, such as payroll, invoicing, and other transactions
• Review financial data and prepare monthly and annual reports
• Establish and maintain financial policies and procedures for the franchise
• Communicate effectively with both franchisor and franchisees regarding financial performance
• Ensure compliance with the law and company’s policies
• Participate in strategic data analysis, research, and modeling for senior company leadership

 

Franchise Finance Manager Job Description Template

Job Brief

We are seeking an experienced and detail-oriented Franchise Finance Manager to oversee financial management and planning in our franchise operations.

The Franchise Finance Manager will assist with financial modeling and analysis, provide financial support to franchisees, and improve financial systems and processes.

The successful candidate should have a solid understanding of financial management principles, excellent analytical skills and the ability to strategize and implement financial growth plans.

 

Responsibilities

• Conduct financial analysis, forecasting and budgeting for franchise operations
• Develop and implement financial systems and processes
• Provide financial support and guidance to franchisees
• Prepare and present financial reports to senior management
• Develop strategies to improve profitability and manage costs
• Ensure compliance with financial regulations and standards
• Manage and coordinate with external auditors
• Monitor industry trends and competitor activities

 

Qualifications

• Proven experience as a Finance Manager, preferably within a franchise business model
• Strong knowledge of financial forecasting and diagnosis, corporate finance and information analysis
• Proficient in MS Excel and financial management software
• Outstanding presentation and reporting skills
• Exceptional analytical and strategic planning skills
• Excellent communication and leadership abilities
• BSc/BA in Accounting, Finance or relevant field; MBA/MSc/MA is a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development assistance

 

Additional Information

• Job Title: Franchise Finance Manager
• Work Environment: Office setting with occasional travel to franchise locations.
• Reporting Structure: Reports to the Director of Finance or CFO.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $105,000 minimum to $165,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Franchise Finance Manager Do?

A Franchise Finance Manager typically works in a corporate setting, providing financial management services to franchises of a company.

They can also be employed directly by a franchising entity.

Their main role is to oversee the financial performance and operations of the franchisees.

They carry out financial analysis to evaluate the financial health of the franchises and make sound recommendations to improve profitability.

Franchise Finance Managers also develop financial forecasts and budgets for the franchises.

They work closely with franchise owners and corporate management to ensure that these financial plans are aligned with the overall business goals.

They are responsible for tracking and reporting on the financial performance of the franchises, ensuring compliance with the company’s financial policies and procedures.

This involves reviewing financial statements, managing audits, and conducting financial risk assessments.

Additionally, they provide financial training and support to franchise owners, assisting them with financial management tasks such as bookkeeping, budgeting, and financial planning.

 

Franchise Finance Manager Qualifications and Skills

A Franchise Finance Manager should possess a combination of financial expertise, business acumen, strategic planning and communication abilities, such as:

• Strong financial and accounting skills to oversee the financial operations of the franchise, including budgeting, financial reporting, and auditing.
• Experience in strategic planning and risk management, as this role involves forecasting financial outcomes and identifying potential risks.
• Excellent analytical abilities to assess the franchise’s financial performance, scrutinize financial data, and make informed decisions.
• Proficiency in financial software and systems to manage and monitor all financial transactions, ensuring that all financial operations run smoothly.
• Interpersonal and communication skills to collaborate with various teams, explain complex financial concepts in an understandable way, and negotiate with vendors or contractors.
• A deep understanding of franchise operations and the specific financial challenges and opportunities they present.
• A proactive attitude to identify cost-saving opportunities, improve financial processes, and contribute to the franchise’s overall profitability.
• Professional qualifications such as a Certified Public Accountant (CPA) or a Chartered Financial Analyst (CFA) may be desirable.

 

Franchise Finance Manager Experience Requirements

The role of Franchise Finance Manager generally requires a significant amount of financial management experience, typically 3 to 5 years in a similar role, which can include financial analyst, accountant, or financial controller positions.

This allows for a solid foundation in understanding financial statements, budgeting, and financial forecasting.

Candidates with a background in a franchise operation or multi-unit management are particularly valued for their understanding of the unique challenges and opportunities that arise in a franchising business model.

At least 1 to 2 years of supervisory or management experience is also often required, as the role involves managing a team and coordinating with various departments to ensure financial objectives are met.

Experience with financial software and systems is critical, as these tools are regularly used for financial analysis, reporting, and planning in the role.

For those aiming for senior roles, having more than 5 years of finance management experience in a franchise environment, coupled with proven strategic planning and business development skills, could be a significant advantage.

Certification as a Certified Public Accountant (CPA), Certified Management Accountant (CMA), or a similar professional qualification can further enhance a candidate’s suitability for the role.

 

Franchise Finance Manager Education and Training Requirements

A Franchise Finance Manager usually has a bachelor’s degree in finance, accounting, economics, business administration, or a related field.

This role requires strong financial management skills, thus, coursework in financial management, corporate finance, and financial accounting is beneficial.

Experience in financial modeling, data analysis and knowledge of financial software is often required.

Familiarity with franchising business models and operational structures can also be advantageous.

Some roles may require an advanced degree such as a Master’s in Business Administration (MBA) with a focus on finance or a related field.

Certifications like the Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) can offer a competitive edge and indicate specialized expertise in the field of finance.

In addition to the academic and professional qualifications, a Franchise Finance Manager should have strong analytical, decision-making, and communication skills.

Continued learning through professional development courses, seminars, and workshops is often encouraged to stay updated with the latest trends and regulations in the finance industry.

 

Franchise Finance Manager Salary Expectations

A Franchise Finance Manager earns an average salary of $92,971 (USD) per year.

The salary can fluctuate based on factors such as experience, the financial state of the franchise, geographic location, and the specific industry in which the franchise operates.

 

Franchise Finance Manager Job Description FAQs

What skills does a Franchise Finance Manager need?

Franchise Finance Managers should have strong financial modeling skills, along with excellent analytical capabilities.

They should have a solid understanding of financial reporting systems and proficiency in accounting principles.

Strong business acumen, coupled with excellent communication and negotiation skills, are also required as they often deal with franchisees and other stakeholders.

 

Do Franchise Finance Managers need a degree?

Yes, a Franchise Finance Manager typically requires a bachelor’s degree in finance, accounting, or a related field.

Some businesses may prefer candidates with a Master’s in Business Administration (MBA) or a Certified Public Accountant (CPA) designation.

In addition to formal education, proven experience in a finance-related role, preferably in the franchise industry, is usually required.

 

What should you look for in a Franchise Finance Manager resume?

A Franchise Finance Manager’s resume should highlight their proficiency in financial reporting, budgeting, and financial analysis.

Experience in strategic planning and risk management is also a plus.

Their resume should also demonstrate their ability to manage financial systems and procedures, as well as their skills in building and maintaining relationships with franchisees.

 

What qualities make a good Franchise Finance Manager?

A good Franchise Finance Manager is detail-oriented and has a strong ability to analyze financial data and prepare financial reports, statements, and projections.

They need to be skilled in budgeting and forecasting, as well as strategic planning.

Excellent interpersonal skills are essential to effectively communicate with franchisees and other stakeholders.

They should also possess high integrity, due to the sensitive nature of the financial information they handle.

 

How important is industry knowledge for a Franchise Finance Manager?

Understanding the franchise industry is crucial for a Franchise Finance Manager.

They need to be well-versed with industry-specific financial regulations and requirements, and have a deep understanding of the business model and operations of franchises.

This knowledge is necessary for effective financial planning, budgeting, and risk management, all of which are critical to the role.

 

Conclusion

And there we have it.

Today, we’ve delved into the intricacies of what it truly means to be a Franchise Finance Manager.

Surprise, surprise?

It’s not just about managing budgets.

It’s about shaping the financial future of franchises, one strategic decision at a time.

Armed with our detailed Franchise Finance Manager job description template and practical examples, you’re ready to take the plunge.

But why stop at just that?

Dig deeper with our job description generator. It’s your go-to tool for creating exacting job listings or for refining your resume to a T.

Remember:

Every financial decision is a piece of the larger puzzle.

Let’s shape that future. Together.

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