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Director of Finance,

1 month ago

Chicago, United States McDonald's Corporation Full time

Company Description

McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ahead of what our customers want and realizing further growth potential. Our relentless ambition is why McDonald’s remains one of the world’s leading corporations after almost 70 years. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.

At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House Charities to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements.

We are enjoying the flexibility of a hybrid work model, in which employees spend part of their week connecting with co-workers in our state-of-the-art headquarters. Located in the booming West Loop of downtown Chicago, it's set up to be a global hub that cultivates collaboration:

  • Take a class at Hamburger University
  • Sample future items in our Test Kitchen
  • Utilize the latest technology to connect with your team around the globe

We are an equal opportunity employer committed to the diversity of our crew members, staff, operators, and suppliers. We promote an inclusive work environment that creates feel-good moments for everyone.

Job Description

We are looking for a Director of Finance for the CosMc’s team. The objectives for this phase of the project are to run and evaluate the success of 10 pilot stores of the new concept, which is of high strategic priority to Global Leadership and the broader McDonald’s organization. This role will perform and be responsible for all financial reporting and planning activities for the pilot stores, including owning creation of pro forma P&Ls, strategic financial analysis, and long-term financial modeling.

The ideal candidate will be a strong performer, with experience interacting across multiple disciplines and directly with Company leadership. This candidate will also have an entrepreneurial mindset, comfort with ambiguity and agile ways of working, and openness to evolving their own role and responsibilities as we continue to ensure our pilot team’s Finance function is fit for purpose as our concept quickly grows.

Key Responsibilities:

  • Own pro forma P&Ls and related financial modeling for pilot sites and/or expansion strategy (i.e., staying connected with various functional teams and updating financial expectations accordingly)
  • G&A Budget management - liaison with McDonald’s corporate Finance, tracking budget and spend
  • Support CosMc’s business decisions and strategy using competitor intel and market analysis
  • Set economic policy for pilot and expansion scenarios
  • Analyze actual financial results CosMc's(e.g., review of weekly/monthly performance vs. forecast, updating financials coming out of the pilot, etc.) - strong restaurant P&L management
  • Assist with core accounting and reporting for pilot and/or expansion sites (e.g., invoice payments, payroll, service agreements, etc.)
  • Lead menu pricing strategy for CosMc’s, including analysis of gross margin, competitor pricing and overall value proposition
  • Provide cross-functional leadership across the new business ventures team
  • Support other fields with reviewing/setting any financial terms (e.g., franchising, supply chain contracts, wage/benefits analyses, etc.)
  • Own the creation of presentations to senior leadership
  • Perform project work as determined by leadership

Qualifications

  • Experience in fields related to finance or accounting, ideally with exposure to Restaurant Development, Restaurant Operations, and Economic Policy teams
  • Experience in real estate/development financial analysis is preferred
  • Experience with new store development; analyzing overall profitability, rent setting, profit impact
  • Experience with pricing strategy preferred
  • Degree in Accountancy or Finance
  • Familiarity with finer details within P&L, such as food cost components, labor scheduling impacts, etc.
  • Strong ability to build insightful financial models coupled with the ability to teach others how to interpret the results
  • Ability to optimally scrutinize and challenge project assumptions; interpret strategies and priorities through a financial lens
  • Forward thinking and able to anticipate immediate and long-term implications of potential decisions; ability to identify dependencies across multiple initiatives
  • Must have flexibility for potential travel across U.S. geography

Additional Information

McDonald’s is an equal opportunity employer committed to the diversity of our workforce. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact mcdhrbenefits@us.mcd.com. Reasonable accommodations will be determined on a case-by-case basis.

McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Nothing in this job posting or description should be construed as an offer or guarantee of employment.

Director