Senior Business Manager, Trade Finance

3 weeks ago

New York, New York, United States Scholastic Full time
Job Description:

This is an exciting opportunity for a financial leader to play a key role in supporting the continued growth of Scholastic's Trade division. The Trade division is a leader in creating, developing, marketing and selling children's print and ebooks to multiple retail channels. Among the Trade division's highlights are the publication and sale of the best-selling Harry Potter series by J.K. Rowling, the Hunger Games trilogy by Suzanne Collins and the Dog Man series by Dav Pilkey.

The Trade division is looking for a bright and intellectual Senior Business Manager who will report into the Senior Director of Finance. The Senior Business Manager will be a key member of the Trade Finance team and will work across all domestic and international business units partnering closely with marketing and sales, operations, editorial, accounting, corporate finance, as well as other leadership within the organization.

The Senior Business Manager will be responsible for supporting all aspects of financial planning and analysis for Trade and assist with the annual Budget (AOP) and quarterly forecasting for both P&L and Balance Sheet, including Free Cash Flow, and month-end closes. The role will also support the Senior Director across all Trade lines of businesses with all analysis, reporting, cost management, strategic planning, and other ad hoc requests from the senior management team related to all publishing and product development activities.

Responsibilities:

• Manage day-to-day financial functions of Trade, including budgeting, forecasting, reporting, and cost management
• Provide management and oversight of monthly close process for Trade; address high-level issues with corporate accounting group including working across all support functional groups (Credit & Collections, Accounts Receivables, and Treasury) to manage our outstanding receivables and chargebacks
• Address financial queries from sales, marketing, operations, and editorial groups; provide ongoing financial leadership to these internal customers, including management of overhead expenses with department leads; lead on-going efforts to improve internal controls and reduce costs
• Partner with NSO Finance on fulfillment and distribution costs
• Manage and create visibility (through reporting) of our prepublication spend levels for acquired titles/assets against budgets
• Manage internal reporting requirements for Trade division and corporate finance; manage related financial system issues as needed
• Partner with Accounting on financial matters relating to month end close, audit requests, and support
• Assist with all financial presentations for annual Budget (AOP) and quarterly forecasting, in MS Excel and MS Powerpoint
• Prepare performance and financial reports as required
• Promote continual process improvements
• Manage staff, providing leadership, financial guidance, and accounting expertise
• Manage special projects and perform ad-hoc analysis as necessary

About Scholastic:

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, a leading provider of core literacy curriculum and professional services, and a producer of educational and entertaining children's media. The Company creates quality books and ebooks, print and technology-based learning programs for pre-K to grade 12, classroom magazines and other products and services that support children's learning both in school and at home. With operations in 14 international offices and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom collections, school and public libraries, retail and online. True to its mission of 97 years to encourage the personal and intellectual growth of all children beginning with literacy, the Company has earned a reputation as a trusted partner to educators and families. Learn more at https://www.scholastic.com/.

Benefits:

Scholastic offers a full suite of health and wellness benefits, including a $0 deductible Medical Plan. The Company also offers a Retirement Savings Plan 401(k) with options for both Roth and Traditional Contributions, tuition-free programs for undergraduate and graduate degrees, a Generous Parental Leave Program, and an Employee Stock Purchase Plan (ESPP) with opportunity for discounted stock at a 15% discount.

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