Come join a fast-pace, high-performance team dedicated to unlocking Pizza Hut’s Growth via M&A and Commercial Development Proposals! The Manager, M&A role will report to the Director, M&A; supporting Pizza Hut’s M&A strategy. This role will partner with our business markets to assist with brand acquisitions and conversion M&A deals around the world that drive shareholder value. The M&A/Commercial Development Associate Manager also plays a central role in accelerating Pizza Hut’s new unit growth through analytical expertise and strategic insight on Development Agreements and other Franchisee structure/growth proposals. This will also require modeling, financial analysis, coordinating diligence efforts, preparing written materials, and managing internal stakeholders for work related to PHG’s Inorganic/M&A and other Franchisee growth proposals.
This position partners with teams from Legal, Finance, HR, and Operations, as well as Franchisees and Lenders, providing significant exposure to leaders throughout the organization. We are looking for someone who is courageous, entrepreneurial and has a growth mindset with a genuine passion to build a legacy.
ResponsibilitiesTime will be split working on transaction related projects between the M&A and Development functions, as follows:
M&A
- Develops a system to track and maintain deal flow.
- Conducts due diligence on targets and provides second layer analysis of materials produced by BMUs or third-party advisors.
- Develops robust financial models and creates deal materials that help drive M&A/investing decisions.
- Prepares materials for presentation to senior leadership and/or Yum Deal Committee.
Development
- Is a key thought partner to the CGO/CDO, LT and BMU Development leaders on PHG Development Strategy Inorganic/M&A, Development Agreement/Incentive and other Franchisee structure/growth levers.
- Leads modelling and financial analysis to inform Development growth decisions, including evaluation with Yum!/PHG Finance & Legal on commercial and policy implications. Engages with and influences stakeholders and senior leaders to ensure alignment and approval, including creation of presentation materials.
- Guides and participates with BMUs/Franchisees/External parties in designing structures, negotiating deals, performing due diligence, and creating final binding agreements across multiple geographies. Manages internal implications across Legal, Finance, Operations, Supply Chain, etc.
- Leads and develops people indirectly with a focus on leveraging a growth mindset and a diverse, global team.
M&A
- Partners with M&A teams and brands on brand acquisitions and conversion M&A deals, as assigned.
- Yum and PHG LT & Deal Committee.
- External parties, including Consultants and Bank/Financing providers.
Development
- BMU CGOs/CDOs & Development Teams.
- PHG LT & cross-functional leaders, especially Finance & Legal.
- Yum!/cross-brand Franchisee Policy Committee leaders.
- Key Global Franchisees and potential Franchisee candidates.
Minimum Requirements
- You will be required to attend the Plano, TX office 3 days a week on Tuesday, Wednesday and Thursday.
- Bachelor’s degree required in Business - Finance and Accounting concentration; MBA or CFA designation preferred.
- 5+ years of professional experience in M&A, Corporate Development, Investment Banking, Corporate Finance, Private Equity or Business Valuation.
- Exposure to deal process from beginning to end.
- Excellent verbal and written communication skills and an ability to influence and build relationships at all levels of an organization.
- Comfort negotiating with, presenting to, and influencing people in positions of power and authority.
- Self-directed, able to prioritize initiatives and execute independently and in collaboration with others, to agreed deadlines.
- Strong business acumen, with analytical and problem-solving skills and ability to understand legal documents.
- Financial analysis capabilities, including clear and thorough understanding of financial modeling, valuation techniques, and financial statement analysis.
- Technical Skills: Capital IQ, PitchBook, DealCloud (buyer tracking CRM), Bloomberg, and Microsoft Office Suite, including strong modeling skills.
Preferred Requirements
- International experience strongly desired.
- Knowledge of the restaurant industry and franchise economics.
- Project Management experience a plus.
- Track record of consistently achieving or exceeding goals.
Skills Required
- Attend Plano, TX office 3 days a week (Tue-Wed-Thu)
- Bachelor's degree in Business with Finance and Accounting concentration
- MBA or CFA designation
- 5+ years of professional experience in M&A, Corporate Development, Investment Banking, Corporate Finance, Private Equity or Business Valuation
- Exposure to deal process from beginning to end
- Excellent verbal and written communication skills and ability to influence and build relationships at all levels
- Comfort negotiating with, presenting to, and influencing senior stakeholders
- Self-directed, able to prioritize initiatives and execute independently and collaboratively to deadlines
- Strong business acumen, analytical and problem-solving skills, and ability to understand legal documents
- Financial analysis capabilities, including financial modeling, valuation techniques, and financial statement analysis
- Technical skills: Capital IQ, PitchBook, DealCloud, Bloomberg, Microsoft Office Suite (strong modeling skills)
- International experience
- Knowledge of the restaurant industry and franchise economics
- Project management experience
- Track record of consistently achieving or exceeding goals
Yum! Brands Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Yum! Brands and has not been reviewed or approved by Yum! Brands.
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Leave & Time Off Breadth — Corporate roles include four weeks of vacation, year‑round half‑day Fridays, company holidays, dedicated “Live Well” days, and paid volunteer days. These policies contribute meaningfully to overall compensation value for corporate employees.
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Wellbeing & Lifestyle Benefits — Offerings include free access to mental‑health counselors, onsite/virtual wellness tools, onsite gyms in select offices, and wellbeing discounts. Smoking‑cessation and weight‑management programs further bolster lifestyle support.
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Parental & Family Support — Benefits span family‑planning coverage such as adoption, fertility, and baby‑bonding leave. Corporate materials also note enhanced parental leave for U.S. corporate employees.
Yum! Brands Insights
What We Do
Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 55,000 restaurants in more than 155 countries and territories under the Company’s concepts – KFC, Taco Bell, Pizza Hut and the Habit Burger Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. The Habit Burger Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. What makes Yum! a great place to work? It's our people. As the world's largest restaurant company, we invest in people capability so that our global workforce can make the most of their careers. With ongoing opportunities for personal and professional success, we've built a culture that rewards and recognizes great effort while providing the flexibility that is so important to all of us.








