Staff Accountant – Franchise Royalties

Job Description

Staff Accountant – Royalties | SERVPRO

The Tone:
This is a full-time role at SERVPRO, located in Gallatin, TN. For over 50 years, SERVPRO has been a trusted leader, providing fire and water cleanup and restoration services, mold mitigation, construction, biohazard, and pathogen remediation across the United States and Canada through its 2,200+ individually owned and operated franchises. This Staff Accountant role is vital to administering the financial operations of the company’s extensive franchise network by managing royalties, ensuring accurate revenue recognition, and supporting franchise financial health. The position directly contributes to the financial stability and operational efficiency that underpin SERVPRO’s mission.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Gallatin, TN
• Mission: Administer the accurate collection and processing of royalties from over 2,400 franchises, supporting their financial operations and maintaining robust internal controls for revenue recognition.
• Tech Stack: Microsoft Dynamics (Great Plains), Microsoft Office (Excel, Adobe), QuickBooks Online (preferred)

What You’ll Actually Do
• Royalty Processing: Process royalties by importing comprehensive data from franchises and initiating precise fee calculations, ensuring accurate and timely financial administration.
• Data Analysis and Review: Conduct detailed reviews and analyses of royalty data and calculations, actively identifying and investigating any exceptions or anomalies to maintain data integrity.
• Franchise Financial Support: Facilitate the distribution of royalty invoices via the franchise payment platform, provide direct franchise support for royalty reporting and payment processing, and support other departments in policy development and training.
• Financial Reconciliation and Record Management: Balance Accounts Receivable and Convention Allowance accounts daily, investigating and correcting discrepancies, along with maintaining Convention Allowance for each franchise, including transfers due to resales.
• Accounting Compliance and Improvement: Prepare journal entries to book new franchise sales in accordance with ASC606 revenue recognition guidelines, assist with annual audit support by preparing documents, and contribute to documenting business processes for internal control and improvement initiatives.

The Must-Haves
• Background: A Bachelor’s degree in Accounting or a related field, such as Finance or Business, is required for this early career Staff Accountant position.
• Experience: Candidates should possess at least 2 years of related accounting work experience and practical experience with Microsoft Dynamics (Great Plains) or another Enterprise Resource Planning (ERP) system.
• Skills: Key skills include proficiency in Microsoft Office with a strong emphasis on Excel and Adobe, an understanding of Generally Accepted Accounting Principles (GAAP), excellent problem-solving and analytical skills, and a strong customer service mindset. Organizational skills with attention to detail and the ability to multi-task are also essential.
• Bonus: Prior experience utilizing QuickBooks Online is a preferred qualification for this role.