Associate Manager, M&A

KFC•Plano, TX

3d•Hybrid

About The Position

The Associate Manager, M&A joins Yum! Brands’ Global M&A team to evaluate and execute transactions that support the company’s long-term growth strategy. The role supports acquisitions, divestitures, equity investments, and refranchising transactions across Yum! and its brands, including Taco Bell, KFC, and Habit Burger & Grill. It works across the full transaction lifecycle and involves collaboration with leaders across the organization, third-party transaction advisors, and franchisees. The position reports to the Director of M&A and requires attendance at the Plano, Texas office three days per week, Tuesday through Thursday. The expected salary range is $110,500–$130,000, with bonus eligibility. Final pay considers location, experience, and other job-related factors.

Requirements

Bachelor’s degree in Business, Finance, Accounting, or a related field.
Approximately 7 or more years of professional experience in M&A, corporate development, investment banking, management consulting, strategy, or a related field; fewer years may be acceptable with an MBA.
Strong financial analysis skills, including advanced financial modeling, valuation techniques, and financial statement analysis.
Strong written and verbal communication skills and the ability to engage effectively with senior leadership and external partners.

Nice To Haves

MBA, CFA, or CPA.
Experience in consumer, retail, restaurant, franchise, or asset-light business models.
Proven project management skills and the ability to manage multiple workstreams concurrently.
Advanced proficiency in Microsoft Excel and PowerPoint.

Responsibilities

Independently evaluate and execute acquisitions, divestitures, equity investments, and refranchising initiatives, with guidance on more complex transactions.
Partner with senior deal leads to underwrite opportunities using financial modeling, valuation analysis, and scenario planning to support investment and capital-allocation decisions.
Analyze deal materials and translate findings into clear recommendations.
Review transaction documents and support negotiations with legal teams, including Letters of Intent, Asset Purchase Agreements, and related documents.
Support and eventually lead U.S. refranchising transactions from initiation through closing, including preparing offering materials and coordinating with brands and franchisees.
Manage closing and post-closing processes and ensure deliverables and follow-ups are completed.
Project-manage assigned transactions by coordinating internal and external stakeholders and ensuring timelines and approvals are met.
Partner with brand teams and cross-functional stakeholders to prepare transactions for Deal Committee and Capital Committee review.
Maintain and enhance Yum!’s M&A knowledge base and best practices.

Benefits

Medical, dental, vision, legal, and accidental death and dismemberment insurance coverage.
FSA/HSA, depending on the enrolled medical plan.
Short-term disability, long-term disability, and life insurance.
401(k) plan.
Four weeks of vacation.
Paid sick leave.
Ten paid holidays.
One floating day off.
Two paid volunteer days per calendar year.
Bonus eligibility.