Hybrid Associate Manager, M&A – Mergers and Acquisitions

at Yum! Center for Global Franchise Excellence

• Job title: Associate Manager, M&A – Mergers and Acquisitions
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $110,500 - $130,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Plano, United States

About the role

• Join Yum! Brands’ Global M&A team as Associate Manager evaluating high-impact transactions. Drive strategic growth initiatives in a hybrid role based in Plano, TX.

Responsibilities

• Evaluate and execute acquisitions, divestitures, equity investments, and refranchising initiatives across Yum! and its brands, with increasing autonomy on complex transactions.
• Partner with senior deal leads to underwrite opportunities through financial modeling, valuation analyses, and scenario planning to inform investment and capital allocation decisions.
• Analyze and synthesize materials from counterparties and advisors, developing clear, actionable insights and recommendations.
• Review transaction documents (Letters of Intent, Asset Purchase Agreements, and related legal materials) and support negotiations in partnership with Legal.
• Lead or support U.S. refranchising transactions end‑to‑end, including offering materials and stakeholder coordination.
• Manage closing and post‑closing processes to ensure deliverables and follow‑ups are completed.
• Coordinate internal and external stakeholders throughout each transaction, ensuring approval paths, timelines, and dependencies are met.
• Prepare materials for Deal Committee, Capital Committee, senior leadership, and the Yum Board of Directors.
• Maintain Yum!’s M&A knowledge base, track industry trends, and support pipeline development.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, or a related field.
• Approximately 7+ years of experience in M&A, corporate development, investment banking, consulting, strategy, or a related field (or fewer years with an MBA).
• Advanced financial modeling, valuation, and financial statement analysis skills.
• Strong written and verbal communication skills, including the ability to engage effectively with senior leadership and external partners.
• Proven project management skills and ability to manage multiple workstreams concurrently.
• Advanced proficiency in Microsoft Excel and PowerPoint.
• Preferred Qualifications: MBA, CFA, or CPA. Experience in consumer, retail, restaurant, franchise, or asset-light business models.

Benefits

• medical insurance
• dental insurance
• vision insurance
• legal insurance
• accidental death and dismemberment insurance
• FSA/HSA options
• short-term disability insurance
• long-term disability insurance
• life insurance
• 401(k) plan
• 4 weeks of vacation
• paid sick leave
• 10 paid holidays
• floating day off
• 2 paid days for volunteer time each calendar year