Purpose of Position:
Provide analytical support and leadership with a primary focus on liquidity management and forecasting, and contribute to special projects and analysis.
Principal Accountabilities:
Financial Analysis
- Forecast company-wide, short-term and long-term cash flows by modeling forecast P&L projections on a cash flow basis. Prepare variance reporting that highlights forecast vs. actual quantitative and qualitative analysis.
- Provide treasury flash reporting/dashboards and covenant compliance reporting. Develop drafts of new reporting as necessary to meet the needs of a dynamic business.
- Assist with capital expenditure review and analysis required for approval of capital expenditures.
- Provide performance reporting for treasury management activities (e.g. departmental budget, cash balance reporting, bank fee analysis).
- Assist with the preparation of Board reporting and provide analytical support for adhoc projects (e.g., cost of capital analysis), including presenations for the Board of Directors and Finance Committee.
- Create recommendations about capital structure based on liquidity and analytical modeling and forecasting.
- Recommend improvements to existing reports and financial models.
Liquidity Management
- Assist with the management and continual modification of The New York Times Company’s corporate cash management system (company-wide collection and disbursement systems).
- Make recommendations for daily cash positioning, including decisions about the size and nature of investments and liquidity.
- Work with internal customers to ensure success of key corporate initiatives on company-wide cash management related issues.
- Assess costs saving opportunities and oversee the implementation of related initiatives.
- Oversee and maintain treasury workstation and bank interface software (e.g., Kyriba, JP Morgan Access).
- Oversee shared service center month-end reconciliation, closing and reporting procedures for cash management activity.
- Ensure that the Company policies and procedures relating to cash management are adhered to and ensure that adequate controls are in place.
- Maintain cash management banking relations with senior cash management officers.
- Serve as point of contact for auditors and Sarbanes Oxley related activities.
Investment Management
- Analyze investment performance and make recommendations about investment allocations, placements, and redemptions on a portfolio of ~$1 billion.
- Analyze and report on performance of Cash and Short-Term Investment Portfolios.
- Manage broker and investment manager relationships.
Capital Markets and Risk Management
- Assist with the execution of short-term funding/investing and foreign currency activity.
- Monitor investment and funding programs to ensure compliance with policies and covenants.
- Assist with open market debt repurchases and stock repurchase programs as necessary.
- Assist as needed with company insurance program.
Customers and Contacts:
- Operating Business Units
- Shared Service Center
- Corporate Controller’s Department
- Commercial and Investment Banks
- Third Party Processors
- Legal & Corporate Tax Department
Skills, Knowledge and Qualifications:
The individual should have strong analytical, multi-tasking, communication, organization, and computer skills (Excel and Word), and a demonstrated ability to work independently. Most importantly, the candidate must drive to contribute and have passionate interest in finance. An MBA or equivalent degree and/or CTP certification is preferred.
NOTE: This is not an exhaustive list of all responsibilities, skills, duties, requirements, efforts or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change, e.g. emergencies, changes in personnel, workload, rush jobs, special projects, technological developments, etc...
Company Information: The New York Times Company (NYSE: NYT) is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information. The company includes The New York Times, International New York Times, NYTimes.com, INYT.com and related properties. It is known globally for excellence in its journalism, and innovation in its print and digital storytelling and its business model. Follow news about the company at @NYTimesComm.
EEO Statement: The New York Times Company is an equal employment opportunity employer, and does not discriminate on the basis of race, color, religion, gender, sexual orientation, marital status, age, disability, national origin, citizenship or any other protected characteristic. The New York Times Company is committed to diversity in its most inclusive sense.
Provide analytical support and leadership with a primary focus on liquidity management and forecasting, and contribute to special projects and analysis.
Principal Accountabilities:
Financial Analysis
- Forecast company-wide, short-term and long-term cash flows by modeling forecast P&L projections on a cash flow basis. Prepare variance reporting that highlights forecast vs. actual quantitative and qualitative analysis.
- Provide treasury flash reporting/dashboards and covenant compliance reporting. Develop drafts of new reporting as necessary to meet the needs of a dynamic business.
- Assist with capital expenditure review and analysis required for approval of capital expenditures.
- Provide performance reporting for treasury management activities (e.g. departmental budget, cash balance reporting, bank fee analysis).
- Assist with the preparation of Board reporting and provide analytical support for adhoc projects (e.g., cost of capital analysis), including presenations for the Board of Directors and Finance Committee.
- Create recommendations about capital structure based on liquidity and analytical modeling and forecasting.
- Recommend improvements to existing reports and financial models.
Liquidity Management
- Assist with the management and continual modification of The New York Times Company’s corporate cash management system (company-wide collection and disbursement systems).
- Make recommendations for daily cash positioning, including decisions about the size and nature of investments and liquidity.
- Work with internal customers to ensure success of key corporate initiatives on company-wide cash management related issues.
- Assess costs saving opportunities and oversee the implementation of related initiatives.
- Oversee and maintain treasury workstation and bank interface software (e.g., Kyriba, JP Morgan Access).
- Oversee shared service center month-end reconciliation, closing and reporting procedures for cash management activity.
- Ensure that the Company policies and procedures relating to cash management are adhered to and ensure that adequate controls are in place.
- Maintain cash management banking relations with senior cash management officers.
- Serve as point of contact for auditors and Sarbanes Oxley related activities.
Investment Management
- Analyze investment performance and make recommendations about investment allocations, placements, and redemptions on a portfolio of ~$1 billion.
- Analyze and report on performance of Cash and Short-Term Investment Portfolios.
- Manage broker and investment manager relationships.
Capital Markets and Risk Management
- Assist with the execution of short-term funding/investing and foreign currency activity.
- Monitor investment and funding programs to ensure compliance with policies and covenants.
- Assist with open market debt repurchases and stock repurchase programs as necessary.
- Assist as needed with company insurance program.
Customers and Contacts:
- Operating Business Units
- Shared Service Center
- Corporate Controller’s Department
- Commercial and Investment Banks
- Third Party Processors
- Legal & Corporate Tax Department
Skills, Knowledge and Qualifications:
The individual should have strong analytical, multi-tasking, communication, organization, and computer skills (Excel and Word), and a demonstrated ability to work independently. Most importantly, the candidate must drive to contribute and have passionate interest in finance. An MBA or equivalent degree and/or CTP certification is preferred.
NOTE: This is not an exhaustive list of all responsibilities, skills, duties, requirements, efforts or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change, e.g. emergencies, changes in personnel, workload, rush jobs, special projects, technological developments, etc...
Company Information: The New York Times Company (NYSE: NYT) is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information. The company includes The New York Times, International New York Times, NYTimes.com, INYT.com and related properties. It is known globally for excellence in its journalism, and innovation in its print and digital storytelling and its business model. Follow news about the company at @NYTimesComm.
EEO Statement: The New York Times Company is an equal employment opportunity employer, and does not discriminate on the basis of race, color, religion, gender, sexual orientation, marital status, age, disability, national origin, citizenship or any other protected characteristic. The New York Times Company is committed to diversity in its most inclusive sense.