Senior Financial Analyst

NOTE: This role is based in New York City and encourages a minimum of two days per week in the SoHo office. Some roles or teams may require additional in-office attendance if the essential functions of the role require it.

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.

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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.

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