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VP, Finance, Local Media Group
Meredith
Atlanta, GA, United States
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Job Title
VP, Finance, Local Media Group
The VP, Finance oversees the activities of the finance and credit departments for the Local Media Group, including the regional business department and financial reporting for all broadcasting stations and operations. This position maintains costs in relation to revenue and budget requirements to ensure stations operate at optimal operating profit level. The VP Finance collaborates with the Group President, Executive VP, and the General Managers regarding decisions about capital expenditures, program purchases, etc., to maintain highest cash flow level possible.
Essential Job Functions
30% - Oversee preparation of and review monthly financial reports and supporting detail in a timely manner to meet reporting deadlines. Reviews and analyzes general ledger account details for accuracy and reasonableness. Oversees detail support work of Accounts Payable. Monitors monthly expenses to remain on budget and reforecast future monthly expense for known variances.
Reviews reforecast of future monthly expenses with General Managers for each station. Prepares stations' final monthly future expense reforecast and variance to prior month reports. Oversees vendor trade files including contracts and support detail. Review support details for the preparation of the yearly station operating budget as submitted by each department head. Prepares annual budget worksheet details needed by each department. Prepares annual audit schedules required for interim and final annual audits by the company's internal and independent auditors. Oversees records of capital expenditures and produces monthly depreciation tables.
Maintains adequate internal controls to protect assets of the stations as required by SOX and Meredith Corporation policies. Negotiates contracts (building maintenance, landscape maintenance, talent, etc.) as necessary.
15% - Oversees preparation and consolidation of Group budgets. Summarizes results in an easy concise manner so that upper management can easily understand the key elements.
15% - Leads and participates in special projects as required.
10% - Manages Regional Business Directors and Credit Manager. Provides coaching, training, development opportunities and performance management. Maintains personnel and payroll records in compliance with Federal and State labor laws, policies and procedures and corporate standards.
10% - Oversee the Credit function for the Local Media Group. Ensure that procedures for granting credit are reasonable, and keep collections as current as possible, both to minimize the credits that are issues to advertisers.
10% - Maintain accounting records according to GAAP and industry standards. Prepares monthly and quarterly financial reports in accordance with corporate requirements. Work with Regional Business Directors to insure that accounting records are properly maintained so that internal audit reports are rated 'Satisfactory.'
10% - Provides Group President, Executive VP and General Managers with financial information and/or reports for decision making including personnel, program expenditures, capital expenditures, etc. Provides guidance and support to General Managers with the interpretation of financial information, reports, policies, and compliance laws.
% Travel Required (Approximate): 10-20%