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Treasury Accountant
A+E Networks
New York, NY, United States
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Job Description
Responsibilities include but not limited to the following:
Accounting
• Review monthly bank reconciliation for all banks. Research all irreconcilable items and make appropriate adjusting entries. Co-ordinate findings and corrective actions to keep monthly irreconcilable bank balances as low as possible. Taking proactive actions to account for bank charges, daily wire transfers and receipts.
• Prepare monthly balance sheet reconciliation with appropriate reporting and analysis. Book necessary adjusting entries to G/L. The list of balance sheet accounts includes hedge obligation, investment account, Concur clearing, payroll and others.
• Produce preliminary departmental expense report, update year-end accruals spreadsheet and top side entries
• Prepare accounting entries for miscellaneous cash posting, deferred revenue cash re-classes, interbank transfers, investment transfers, partners payment, investment Interest (US and Canada), TD account sweep, TD conversion, ad sales cash re-class to correct bank account, journalize UK & Germany dividend, quarterly payment of interest on bond/notes, quarterly payment of commitment fees, quarterly payment of term loan, quarterly payment of cash interest fees on term loan and top side.
Treasury
• Perform Treasury functions including daily cash reports, issue daily incoming wires report, banking system maintenance (Wells, TD, BOAML, etc.), provide banking information to various department and update banking database, input wires and templates, carry out banking system training to various departments, calculate investment amounts and issue investment recommendations, execute investment transactions and download bank statements.
• Input trades to Capella, calculate MTM in Capella, download/verify FX rates and distribute email, produce monthly FX rate reports, FMV hedge obligation (EUR, CAD, GBP, KRW, JPY and Programming hedges)
• Provide SAP related support including EBS processing, EBS trouble shooting, filling out GL-Cost/profit center and bit in/out request forms, EBS and GL reports
• Co-ordinate with SAP IT team to enhance system efficiency and processes.
• Support Capital budget and CPE forms, budgeting for Office Services
• Produce hedging reports for the monthly and quarterly FX meetings, produce payment supports for TAX, Payroll and Partners
• Annual and quarterly census report filing.
• FX 97xx variance analysis and monthly CAPEX spending breakout analysis
• Carry out hedge and interbank transfers.
• Coordinate treasury, banking and cash posting activities with peer groups.
• Issue insurance certificates to various parties company wide.
• Support Sr. Treasury Manager on bank accounts strategy, opening and closing decisions
• SAP _EBS functions, document and procedures.
• Input FX rates for monthly close in SAP (Z, M & R rates).
• Confirmation of FX trading (spot, investment, payroll, repatriation of FX, etc.,).
• Set up users in all banking systems.
• Maintain amortization schedules for trademark and prepaid expenses. Record monthly amortization.
• Support Treasury budget planning process. Update monthly capital expenditure budget report for Production, IT and Office Services.
• Perform various AD HOC functions:
◦ Support rent G/L enhancement efforts aimed at improving efficiency and system analytic capabilities. Worked on expense distribution project that effectively reclassify posted rent expenses to newly created accounts.
◦ Develop and implement list of best practices that would streamline daily processes and improve efficiency in the Treasury department.
◦ Work to improve department work flow and it’s adherence to month end deadlines.
◦ Facilitate and support cross training efforts among Treasury personnel.
◦ Work with Treasury team to develop effective and efficient enhancements to the cash reconciliation and management process. This includes weekly review of cash postings, follow-up emails on receipts that are not coded and monthly reconciliation of the deferred revenue account.
Qualification Requirements
This position offers excellent opportunities in a dynamic environment. To qualify, candidates must have:
• Undergraduate Degree in Accounting or Finance
• At least 4 years of total experience with at least one year of treasury experience
• Ability to comprehend investment reports and bond documents
• Ability to analyze investment issues and offer solutions towards their resolution
• Excellent communication skills, both written and oral, with ability to compose routine correspondence
• Advanced knowledge of Microsoft Office applications, e.g. Excel, Word, Access
• Detail oriented and strong analytical abilities
• Ability to work independently and as an integral part of a team
• Ability to work effectively under pressure due to time constraints associated with job function.
• Demonstrated leadership ability and initiative
• Good process management skills
Educational Requirements Undergraduate Degree in Accounting or Finance
Company Overview: At A+E Networks, we are passionate about programming that brings human stories to life, knowing that it is in life itself that those stories originate. We are committed to empowering our people, strengthening our partnerships and engaging audiences across the globe. We’re a global entertainment media company with six original brands: A&E®, HISTORY®, Lifetime®, H2®, FYI™ and LMN®. We reach 330 million people worldwide, can be found in eight out of 10 American homes and have 500 million digital users. The best part? We did it our way.
A+E Networks, LLC. is a joint venture of Disney-ABC Television Group and Hearst Corporation.
A+E Networks is proud to be an Affirmative Action/Equal Opportunity Employer/Disabled/Veterans