Sr. Director - Global Segment Planning and Reporting - East Windsor, NJ
McGraw-Hill Education has an opening for an experienced, innovative, and strategic FP&A leader in our East Windsor, NJ office.
Reporting directly to the SVP of Financial Planning and Analysis for the global McGraw-Hill Education business, the Senior Director – Global Segment Planning and Reporting will be the key point of contact and financial partner for global segment operations with responsibility for financial planning, cost management and general financial support for global corporate operations. In addition to annual budgeting and monthly financial estimates for global segment operations (>$300 million in annual spend), the position will be responsible for global cost allocations, including the active management of drivers and reporting to ensure that business and product profitability are accurately reflected. The role will have responsibility for all internal, external and Board of Directors corporate operations related consolidated reporting and may facilitate management of key vendors and special projects on behalf of the Financial Planning and Analysis organization. The role will also provide M&A support and ensure reporting compliance with existing credit agreements.
Your contribution to the team includes:
- Annual consolidated financial budgeting and multiyear forecasting for global corporate operations
- Corporate department financial and cost analysis
- Facilitation and coordination of global corporate operations reporting to external investors, internal constituents and the Board of Directors
- Work with external auditors during quarterly and yearend reviews by preparing information requests and addressing inquiries
- Responsibility for tracking and reporting costs in accordance with MHE’s credit agreement(s)
- M&A and acquisition support, as needed, including transition service agreements, other transitional agreements, joint ventures reporting, etc.
- Ad-hoc analysis and special projects for various internal and external constituents
- Focus on continuous global reporting improvement to drive efficiency and increase transparency
- Ensure accuracy and consistency of monthly corporate department reporting and compliance with U.S. GAAP and credit agreement reporting requirements
- Interpret and assess implications of new accounting standards
- Serve as the key point of contact and financial partner for global corporate operations reporting
- Preparation, analysis and presentation of the annual consolidated multiyear budget including the income statement, cash flow and balance sheet forecasts along with supplemental analysis of individual departments
- Provide forecasts and estimates of monthly, quarterly and full year expenses to management for individual department and consolidated corporate reporting with supplemental analysis and reporting as needed
- Review and develop ongoing processes to ensure MHE’s allocation process is meeting its goals and objectives for MHE. Develop tools and methodologies to ensure the efficient management and reporting of allocation information for the responsible departments globally
- Develop and maintain allocation models, analyze internal usage trends, staffing, and other key financial drivers. Monitor over/under on a monthly basis
- Track and monitor headcount/positions on a continuous basis, approve new hires and work with HR to ensure compliance with all hiring approval policies
- Development of meaningful business relationships with corporate department owners and business units to facilitate reporting and analysis
- Develop, review, and monitor policies and procedures for departmental functions. Identify and improve internal controls related to reporting while ensuring that there are no significant weaknesses in internal controls by continuously reviewing with business partners corporate policy and procedures with respect to all financial processes of the company
- Prepare and respond to requests for special projects and ad-hoc assignments as requested by management
- Manage global corporate operations balance sheet for consolidated and consolidating reporting
What you’ll need to be successful:
- Strong analytical, problem solving and critical thinking skills
- Extensive financial background and financial reporting experience with full knowledge and experience in preparing expense budgets, analyzing financial information, ensuring U.S. GAAP reporting compliance and development of pro-forma financial statements (balance sheet, P&L, cash flow).
- Prior team leadership and global reporting experience
- Ability to work collaboratively across multiple teams while being a self-starter who can operate independently and autonomously - The position must be able to provide new and creative ideas/analysis for senior management
- Experience working closely with senior level executives across multiple functions
- Ability to work in a fast paced, dynamic and geographically disperse environment
- Bachelor’s Degree in Accounting or Finance
- 10+ years of progressive accounting / finance experience
- Ability to understand and easily articulate GAAP and Non GAAP reporting considerations
- Excellent communication skills, both written and oral
- Private equity portfolio company reporting experience preferred
- Proven track record of driving reporting efficiencies and increasing automation a plus
- Experience developing and reporting non-GAAP financial results in accordance with credit agreements preferred
- MBA, CPA and / or CFA distinction a plus
- IBM Cognos TM1 experience preferred
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