Director of Finance

📁
Finance/Accounting
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H0200073 Requisition #
THE OPPORTUNITY

Newly created position and department to partner with the SVP of Manufacturing with the goal of centralizing/standardizing all financial and data analytics concerning inventory procurement and utilization as the Company looks to change its Inventory Procurement processes. Position will not focus on departmental expenses.


RESPONSIBILITIES

FINANCE RESPONSIBILITIES:
1) Work with Manufacturing organization to set and administer manufacturing standard cost measures to be imbedded in new Product/Demand process
2) Partner with Accounting to analyze drivers and assign standard cost variances: PPV and IPV
3) Aggregate vendor spend associated with North American businesses. Monitor spending with the goal of identifying sourcing or saving strategies. Partner with Procurement organization to identify vendors that are candidates for early pay discount program to yield additional savings. Track aging of payables against payment/contract terms for key vendors.
4) Project, manages and negotiate rebates for select vendors
5) Provide project support for Operations Plan 2020 projects as needed
6) Help to ensure a standard approach for estimation and monitoring consistent with TCDP (Total Cost Delivered Product)
7) Develop a financial model to measure forecast accuracy from two perspectives: program/demand (business channel view) versus print/procurement purchase (corporate perspective). This model should be channel specific and used to help identify areas for improvement.

BUSINESS DATA ANALYSIS RESPONSIBILITIES:
1) Partner with SVP to create a holistic view of all costs included in inventory – TCDP inclusive of freight. 

a. Create scenarios to model options to optimize TCDP/EOQ against inventory levels.
b. Analyze tradeoffs inherent in an offshore vs domestic vendor analysis in support TCDP

2) Support standard cost development process by reviewing inputs and identify cost reduction opportunities including program/ISBN rationalization and format/product standardization.
3) Develop reporting around company inventory utilization analysis as part of new Product and Demand planning process that complements business channel reporting
4) Partner with STS/PLAN 2020 to build systemic reporting for inbound freight costs from ORACLE TRANSPORTATION MODULE


HOW YOU CAN FIT

Experience: 5 – 8 Years
Education: Bachelor’s

Ideal candidate should have financial experience in support of an organization in the publishing, printing or logistics industry. Ideally, we are looking for a self-starter who can partner with the SVP of Manufacturing to realize a key priority for Scholastic to standardize the procurement process across all business channels.

Candidate must have experience in building, leading and recruiting a team. Given this organization will have responsibility for operations (via oversight of production estimates), financial information and data analytics we seek a leader that is capable of managing a multi-dimensional organization. Given the nature of the function, candidate must be a strong communicator that has a proven ability to effectively partner with corporate leaders, shared service organization and business partners.


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 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 www.scholastic.com.

Some benefits that we offer:

• 100% vested of 401(k) Retirement Plan after 5 years employment
• Up to 1M worth of supplemental Life Insurance
• Tuition Reimbursement
• Purchase Scholastic stock at a 15% discount

Thank you for your consideration in choosing Scholastic.

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Equal Employment Opportunity

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.


To view the full EOE policy, click here.


To view the Scholastic Inc. EEO Policy statement, click here.


To view the Pay Transparency provision, click here.​

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