Edtech.com's Summary

Scholastic is hiring a Senior Financial Analyst. The role involves managing monthly financial closes, quarterly forecasts, and annual budgets for the Education Solutions team, working closely with senior management to analyze financial outcomes and ensure alignment with company goals. The analyst will also handle capitalization of prepublication and capital projects and support preparation of financial reports for leadership and clients.

Highlights

Manage monthly financial close, journal entries, revenue recognition, and balance sheet analysis.
Lead quarterly forecasts and annual budget creation aligned with division and corporate goals.
Provide variance analysis and communicate financial results to senior management.
Work with cross-functional teams to ensure internal controls and corporate compliance.
Develop and maintain financial reports and dashboards, including Power BI tools.
Assist in quarterly Board of Directors presentations on financial performance.
Require minimum five years of finance or data analysis experience; publishing industry experience is a plus.
Proficiency in building reports and dashboards; Microsoft Power BI preferred.
Strong analytical, organizational, and communication skills; regression analysis experience preferred.
Annual salary range: $85,000 to $117,200.

Senior Financial Analyst Full Description

Senior Financial Analyst

New York, New York

Full time

Job Description:

NOTE: This role is based in NYC and requires a minimum of three days a week in the SoHo, NY office.

THE OPPORTUNITY

As a senior financial analyst on the Education Solutions team, reporting to the Finance Director, you will handle all aspects of monthly financial close for the business as well as work with management on quarterly forecasts and annual budget. The ideal candidate has a strong understanding of accounting treatment for capitalization of prepublication and Capital projects.

RESPONSIBILITIES

What you’ll do in this role (Responsibilities)

Monthly Tasks

Work with senior management on month end close.•
Load journal entries for chargebacks, expense accruals, reclasses and revenue.
Analyze balance sheet accounts to correctly amortize expense to P&L
Meet with senior management to review financial results, and provide variance analysis
Issue monthly reports to managers and review as necessary
Update capitalize prepublication reports and other ad hoc analyses, issue to senior management and clients

Quarterly Tasks

Manage all aspects of quarterly forecasts (3 per year)
Work with senior management on expense forecasts
Review capital projects and prepublication update as necessary

Annual Tasks

Mange all aspects of annual budget creation
Meet with senior management to understand division goals
Work with senior management to build a budget within corporate target that aligns with division goals

Specific job duties include:

Provide and effectively communicate meaningful financial analysis to support department heads. Review and optimize current processes and reports.
Participate as a key member of the corporate finance leadership team ensuring alignment of business unit’s financial objectives with overall company goals.
Develop annual budgets and track ongoing performance relative to budget.
Develop quarterly forecasts and perform related variance analysis.
Monthly and quarterly reporting and evaluation of the department’s results against key performance indicators. Ensure accuracy of department’s results during monthly close process.
Ensure an effective internal control environment and compliance with corporate guidelines and policies across the business unit.
Assist in the preparation of quarterly Board of Director presentations detailing financial performance.

About Scholastic

For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are – at school, at home and in their communities – by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children’s books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children's media. As the world's largest publisher and distributor of children's books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com.

Some benefits that we offer:

Full suite of health and wellness benefits (including a $0 deductible Medical Plan)
Retirement Savings Plan 401(k) with options for both Roth and Traditional Contributions
Tuition-Free programs for undergraduate and graduate degrees
Generous Parental Leave Program
Employee Stock Purchase Plan (ESPP) with opportunity for discounted stock at a 15% discount

Thank you for your consideration in choosing Scholastic.

Qualifications

HOW YOU CAN FIT (Qualifications)

Experience:

A minimum of five years in a finance or data analytical role is required (publishing a plus)
Proven experience building reports and dashboards is required. Experience in Microsoft Power BI preferred.
Experience creating and interpreting regression analysis preferred.
Self-starter with strong analytical and organization skills
Detail oriented with excellent written and verbal communications skills
Experience creating and interpreting regression analysis preferred.

Time Type:

Full time

Job Type:

Regular

Job Family Group:

Finance

Location Region/State:

New York

Compensation Range:

Annual Salary: 85,000.00 - 117,200.00

EEO Statement:

Scholastic is an Equal Opportunity Employer. Our policy is clear: there shall be no discrimination on the basis of race, religion, color, sex, pregnancy, national origin, marital status, sexual orientation, gender identity or expression, age, non-disqualifying physical or mental disability, or status as a disabled veteran or Vietnam veteran. Those factors shall not influence the determination of qualifications for a job or other opportunity within the company. Further, all personnel actions (such as compensation, tuition aid, benefits, transfers, promotions, and dismissals, company-sponsored training, social and recreational programs) shall be administered without discrimination.

Original Job Description

Senior Financial Analyst

New York, New York

Full time

Job Description:

NOTE: This role is based in NYC and requires a minimum of three days a week in the SoHo, NY office.

THE OPPORTUNITY

RESPONSIBILITIES

What you’ll do in this role (Responsibilities)

Monthly Tasks

Work with senior management on month end close.•
Load journal entries for chargebacks, expense accruals, reclasses and revenue.
Analyze balance sheet accounts to correctly amortize expense to P&L
Meet with senior management to review financial results, and provide variance analysis
Issue monthly reports to managers and review as necessary
Update capitalize prepublication reports and other ad hoc analyses, issue to senior management and clients

Quarterly Tasks

Manage all aspects of quarterly forecasts (3 per year)
Work with senior management on expense forecasts
Review capital projects and prepublication update as necessary

Annual Tasks

Mange all aspects of annual budget creation
Meet with senior management to understand division goals
Work with senior management to build a budget within corporate target that aligns with division goals

Specific job duties include:

Provide and effectively communicate meaningful financial analysis to support department heads. Review and optimize current processes and reports.
Participate as a key member of the corporate finance leadership team ensuring alignment of business unit’s financial objectives with overall company goals.
Develop annual budgets and track ongoing performance relative to budget.
Develop quarterly forecasts and perform related variance analysis.
Monthly and quarterly reporting and evaluation of the department’s results against key performance indicators. Ensure accuracy of department’s results during monthly close process.
Ensure an effective internal control environment and compliance with corporate guidelines and policies across the business unit.
Assist in the preparation of quarterly Board of Director presentations detailing financial performance.

About Scholastic

Some benefits that we offer:

Full suite of health and wellness benefits (including a $0 deductible Medical Plan)
Retirement Savings Plan 401(k) with options for both Roth and Traditional Contributions
Tuition-Free programs for undergraduate and graduate degrees
Generous Parental Leave Program
Employee Stock Purchase Plan (ESPP) with opportunity for discounted stock at a 15% discount

Thank you for your consideration in choosing Scholastic.

Qualifications

HOW YOU CAN FIT (Qualifications)

Experience:

A minimum of five years in a finance or data analytical role is required (publishing a plus)
Proven experience building reports and dashboards is required. Experience in Microsoft Power BI preferred.
Experience creating and interpreting regression analysis preferred.
Self-starter with strong analytical and organization skills
Detail oriented with excellent written and verbal communications skills
Experience creating and interpreting regression analysis preferred.

Time Type:

Full time

Job Type:

Regular

Job Family Group:

Finance

Location Region/State:

New York

Compensation Range:

Annual Salary: 85,000.00 - 117,200.00

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Senior Financial Analyst

Edtech.com's Summary

Senior Financial Analyst Full Description

Job Description:

Qualifications

Time Type:

Job Type:

Job Family Group:

Location Region/State:

Compensation Range:

EEO Statement:

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