Spec- Leasing/Monetary Compliance II JP - Operations

Monetary Compliance Specialist - Monetary Compliance

Work with Franchise Owners, Business Development Agents, Outside Counsel, and Landlords as well as other Company Departments to ensure that the Franchise Owners comply with the financial obligation of the legal contracts they enter into with the Company and its affiliates in connection with the operation of their Subway restaurants.  Resolve issues of financial non-compliance with legal obligations arising out of their contracts using various legal processes including Terminations, Settlement Agreements, Arbitration, Evictions and Litigations.  Reconcile historical records of account actions including those taken in reference to Arbitrations, Litigations, Evictions including analysis of delinquent accounts, preparation of affidavits in support of Company records and other documentary evidence required in various litigation matters. Provide Approval/Disapproval of franchisees for various programs and opportunities offered through the Company. 

Essential Functions

• Resolve issues of financial non-compliance with legal obligations arising out of their contracts using various legal processes including Terminations, Settlement Agreements, Arbitration, Evictions and Litigations. Monitor, collect and reconcile delinquent balances due the company and affiliates.  Analyze franchise agreements and leases for determining proper procedure.  Create and administer payment schedules for delinquent accounts.
• Work with Franchise Owners, BDA’s, Attorneys, and Landlords along with other Company Departments to ensure that the Franchise owners comply with the financial obligation of the contracts they sign in connection with the operation of their Subway stores.  Reconcile and monitor historical records of account actions including those taken in reference to arbitrations, litigation, eviction and breach of contracts.  Execute invoices and credits in reference to Franchisees accounts.
• Terminate franchises, equipment leases and subleases.  Prepare and create documentation for the analysis of delinquent accounts, Interim Order Terms, payment Plan terms and compose affidavits for arbitrations and evictions
• Analyze and reconcile accounts in connection with delinquent balances in such situations as transfers, terminations, purchase orders, purchase additional franchise requests, leases and financial aid along with the approval and or disapproval of these items.  Allocate funds received on delinquent accounts, ensure the pre authorized accounts are open and operating, and change the eft settings to ensure the proper payments are made.  Approve FAF Board Ballots.
• Communicate with franchise owners, BDA’s, and landlords concerning overdue accounts and rent/related payments.  Explain accounts and procedures to franchisee owners, BDA’s and landlords.  Help franchise owners in understanding combo reports and accounting inquiry in Subway IQ.
• Accounting Support where required
• Any other task or duties assigned to support the Monetary Compliance team as needed.

Skills, Abilities, Experience and Qualifications:

• Detail oriented, organized, patient, positive attitude, flexible, strong communication and customer service skills, diplomacy, high stress threshold, and ability to prioritize and perform responsibilities without constant supervision. 
• Experience in Microsoft Office, Outlook (email), and Account Analysis          
• 1-5 years business experience in a corporate structure preferred.  Background in banking, bookkeeping or accounting