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Financial Analyst-3377

The McGraw-Hill Companies is driving the education, financial services and business information markets through leading brands such as McGraw-Hill Education, Standard & Poor's, BusinessWeek, J.D. Power and Associates, Platts, McGraw-Hill Construction, Aviation Week, and Broadcasting.

McGraw-Hill Professional, a division of McGraw-Hill Education, is recognized for publishing the most respected and well-known works in a wide range of professional fields, including Medical, Business, and Technical. In addition, McGraw-Hill Professional has been a leader in creating online and digital solutions to professionals and students in medicine through its AccessMedicine, or to engineers through its Digital Engineering Library. In addition to the Business, Medical and Technical markets, McGraw-Hill Professional is a publishing and content leader in Education and Test Prep and in Consumer categories such as health and self-help.

McGraw-Hill Professional has an outstanding opportunity for a Financial Analyst, based in our New York office.

The Financial Analyst will focus on two key areas: all aspects of plant development costs and the monthly closing process.

Essential Accountabilities include:

Analyze, monitor and control prepublication costs - Act as the plant cost "controller," responsible for all financial aspects of prepublication or new product development costs. This includes creating a Plant Model to incorporate the authorized amounts, investment by calendar year, and amortization.
Maintain the accuracy and integrity of title information in the prepublication system, ensuring use of correct publication dates, plant estimates and amortization keys.
Maintain the plant pool, monitor plant investment, develop plant cost forecasts and budgets, and work with the business leaders to ensure that plant costs do not exceed budget.
Update product P&L's using final plant and promotion expense and communicate findings to management.
Review historical and expected sales curves by product group and recommend potential changes to amortization rates.
Monthly Close Process - Create and upload month-end required journal entries, analyzes results versus forecast and budget, and provide variance commentary to Controller.
Participate in month-end closing meetings, reviewing financial results of the group to ensure accuracy of financial statements.
Pay special attention to plant cost variances.
Work with Controller, prepare monthly balance sheet reconciliations.
Financial Planning - Assist in the development of medium range plans (MRP), periodic budget updates (DOE), and strategic plans.

Other responsibilities include:

Prepare quarterly reserve analysis for inventory and author advance balances

Participate in the SOX internal control review and documentation process

Assist with reporting and analysis, as required

Respond to request for assistance from business leaders, particularly as it relates to plant

Bachelor's Degree in accounting, finance, economics, or related field


Minimum 3 years experience as an auditor or analyst

Two years experience performing month-end close using general ledger software

Strong analytical skills and judgment

Proficient in Microsoft Excel, Word, and Access

Strong understanding of generally accepted accounting principles (GAAP)

Excellent oral and written communication skills

Ability to make recommendations and influence business decisions

Publishing industry experience preferred. Experience with COGNOS, Hyperion, or Oracle preferred

Job Accounting/Finance
Primary LocationUS-NY-New York
Organization MH Professional
Schedule Full-time
EEO We are an equal opportunity employer.
Corporate Brand McGraw-Hill Education

To apply, Clik Here
Posted By: Daniel Moss
Thursday, June 5th 2008 at 6:04PM
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