Job Description
OVERVIEW OF THE COMPANY
Fox Corporation
Under the FOX banner, we produce and distribute content through some of the world’s leading and most valued brands, including: FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. We empower a diverse range of creators to imagine and develop culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking.
JOB DESCRIPTION
We have a great opportunity for a Director of Finance! As Director of Finance, Benefits, you will manage the accounting for payment of benefit programs expenses and payroll fringe expenses, as well as the monthly close process and financial reporting and planning. The responsibilities for the Director of Finance, Benefits include reviewing journal entries, account reconciliations, supporting the financial statement submission process, and preparing reports for benefits administration. The ideal candidate should have strong accounting experience and be skilled with accounting transactions and account reconciliations.
A SNAPSHOT OF YOUR RESPONSIBILITIES
- Manage the cash applications of all benefits transactions
- Book monthly claims and reimbursement charges for health care, 401K, transit fees, and health savings accounts by fringe pool
- Monthly sweeps of the divisional fringe benefits liability account to the payroll company ledger, where the benefits bank account resides, and all benefits payments are recorded
- Oversight and preparation of monthly benefit account reconciliations by providing research, explanations, and resolutions for reconciling items
- Prepare or review monthly reconciliation of the benefits bank account
- Prepare support for monthly NYPFL invoice to Metlife, and review monthly COBRA activity report to prepare support for chargebacks to divisions
- Prepare monthly benefit allocations for the various corporate fringe pools
- Prepare monthly and quarterly benefits management reports highlighting consolidated costs and metrics across FOX Corp Divisions
- Prepare annual budget analysis for corporate fringe rate and multiple unions. Manage and track the fringe rates throughout the year
- Preparation of the monthly and quarterly financial statements including cash flow, analytics, and supplemental reporting
- Provide accounting support to the Benefits Group for the administration of the benefit programs and savings plans company-wide
- Provide budget support to the New York office for benefit expenses
- Analyze self-insured plan reconciliations and premiums
- Engage with benefits vendors and report and confirm from vendor websites actual claims costs, health savings, flex spending, transit, and 401K
- Liaise with FOX Corporation finance to support monthly, quarterly, and annual reporting requirements
- Monitor all benefits accounts and costs to ensure that the primary fringe pool is adequately funded
- Build effective business relationships with Benefits Operational staff in Los Angeles and New York
- Partner with Payroll, Human Resources, Information Technology, and any other groups that impact benefits processing or activity to ensure appropriate financial accounting of transactions
- Collaborate with payroll accounting on month-end close
- Ensure compliance with SOX requirements
- Identify and implement process improvements and perform ad hoc projects and reporting as needed
- Supervise staff
WHAT YOU WILL NEED
- Bachelor’s degree in accounting or finance
- 8+ years of experience in public accounting or private industry
- Strong general accounting knowledge and skills
- Strong work ethic understanding that all deliverables must be submitted accurately and timely
- Strong verbal and written communication skills as well as presentation skills
- Strong problem-solving skills
- Exceptional attention to detail
- Ability to be a team player, detail-oriented, and a self-starter
- Ability to work independently in a fast-paced corporate finance environment
- Ability to uphold and adhere to Corporate policies and demonstrate professionalism at all times
- Proficiency in Excel
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