Senior Business Manager, Trade Finance

Job Description: THE OPPORTUNITY This is an exciting opportunity for a financial leader to play a key role in supporting the continued growth of Scholastic's Trade division. Scholastic's 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 hi-lights 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 Sr. 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 Sr. 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 Sr. 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 In partnership with Sr. Director, 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 Royalty and Advance related functions, including modeling and calculating royalty accrual rate for all properties and monitor adequate royalty reserve levels with the royalty team 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 WHO WE ARE 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 100+ 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 . 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) 10+ Years of experience in Financial Planning and Analysis, with a solid knowledge of accounting and finance fundamentals, in terms of both P&L and Balance Sheet Publishing/Media experience strongly desired Proficient financial modeling skills Superior financial, analytic and spreadsheet skills, particularly in the creation and manipulation of models Detail oriented with excellent written and verbal communication skills, including ability to explain and simplify financial concepts Results-oriented and process-driven; you can understand when work requires precision and where 80% gets you to the desired outcome Must be able to meet schedules and firm deadlines; be able to drive projects forward with limited oversight Excellent interpersonal skills, including strong communication and writing skills; ability to work with and across all levels of management; comfortable in independently building relationships both within and outside the finance organization Willingness to roll up sleeves and get involved to bring daily tasks to completion; drive projects to completion with limited guidance Advanced knowledge of MS Office, including Excel and PowerPoint Time Type: Full time Job Type: Regular Job Family Group: Finance Location Region/State: New York Compensation Range: Annual Salary: 130,000.00 - 145,000.00 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. EEO is the Law Poster ( EEO Scholastic Policy Statement Pay Transparency Provision ( 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: We're always looking for talented people to join Scholastic in instilling a love of reading and lifelong learning in children. At Scholastic, our benefit plans have been designed to be in line with market conditions and employee needs. Our plans provide flexibility and allow individuals a broad range of choices that can be tailored to meet each employee's needs. Scholastic is an Equal Opportunity Employer.

Created: 2024-11-02