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Treasury & Risk Management Analyst

Company

Scholastic

Address , Newark
Employment type FULL_TIME
Salary $64,000 - $88,000 a year
Expires 2023-09-12
Posted at 9 months ago
Job Description
:
THE OPPORTUNITY

We are looking for a Treasury and Risk Management Analyst to join the Treasury team at Scholastic. This newly created position will have dual responsibility in supporting Cash Management and other Treasury related functions at Scholastic while assisting the Risk Manager in all aspects of the company’s corporate Insurance programs.
The Analyst will have shared responsibility for the daily processing of the company’s global cash and transaction activity and will work closely with the treasury team on payment processing, bank account maintenance, treasury documentation, audit and compliance reporting, and other ad-hoc financial projects as needed. The Treasury and RM Analyst will assist in risk management and insurance related processes including compiling data, claims related activity and corporate risk identification. The individual will collaborate with Accounting, AP/AR, FP&A, Scholastic’s international business units, and third-party service providers as needed.
The position is partially remote and the candidate will be required to report 2-3 days per week to either Scholastic’s corporate headquarters in New York City or our office in Newark, NJ.
RESPONSIBILITIES
Treasury
  • Engage with internal and external stakeholders to increase operating efficiency, implement process improvements, and enhance financial controls.
  • Prepare and review corporate compliance and bank documentation as needed; have overall responsibility for updating, organizing, and maintaining related schedules and documentation.
  • Respond to basic field requests (e.g., research / inquiries on banking transactions)
  • Assist with periodic treasury reporting requirements, including month-end reconciliation, investment portfolio and global debt reporting.
  • Compile date requests for financial and IT Audits.
  • Collaboration with other stakeholders on data collection and analysis
  • Assist with domestic and international cash flow and balance forecasting.
  • Assist Treasury and Risk Management teams on ad hoc projects as needed
  • Bank and credit card fee analysis; interest income and expense analysis
  • Assist in daily cash review and preparation processes including EFT/wire payment processing.
Risk Management
  • Aid in the placement of coverage
  • Facilitating the identification of risks throughout the organization supports, organizational compliance with risk policies
  • Conduct loss forecasting and analysis to assist in loss reduction/mitigation of claims
  • Eversee the issuance of certificates of insurance
  • Interact with the broker and third-party administrator
  • Requests additional information, where necessary, for completion of claim processing
  • Participate in claims administration by reviewing claims for irregularities, accuracy, and completeness
  • Support the Risk Manager is all aspects of corporate insurance programs.
  • Help manage the day-to-day office clerical work
  • Assist in the gathering and compilation of underwriting information
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 more at
www.scholastic.com
.
Some benefits that we offer:
  • Purchase Scholastic stock at a 15% discount
  • 100% vested of 401(k) Retirement Plan after 5 years employment
  • Up to 1M worth of supplemental Life Insurance
  • Tuition Reimbursement
Thank you for your consideration in choosing Scholastic.
Qualifications
HOW YOU CAN FIT (Qualifications)
Required Education and Experience
The ideal candidate will have a B.S. or similar in finance or accounting with 3-5 years of related experience.
The ideal candidate will have prior accounting, treasury-related or risk management experience in a large multi-national company and will have a moderate background in banking/insurance products and cash management services. The ideal candidate will have extensive experience working with Microsoft Excel and will also have experience in processing payments and reporting in internet-based bank cash management systems and have a working knowledge of Oracle.
The Treasury and Risk Management Analyst will have the highest ethical standards and personal integrity and will combine exceptional analytical skills with solid business judgment. A high level of organization with excellent time management skills is required. The individual must have great attention to detail and the ability to effectively manage responsibilities among competing priorities. The individual will also have excellent communication skills and be comfortable interacting with and explaining treasury and insurance concepts related to their responsibilities with both financial and non-financial audiences alike.
Time Type:
Full time
Job Type:
Regular
Job Family Group:
Finance
Location Region/State:
New Jersey, New York
Compensation Range:
Annual Salary: 64,000.00 - 88,000.00
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