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Full Time Job

Finance Director, Distribution FP&A

Nexstar

Philadelphia, PA 04-11-2024
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  • Paid
  • Full Time
  • Senior (5-10 years) Experience
Job Description
Overview/Purpose:

The Finance Director requires a strategic thinker with a deep understanding of financial reporting, analysis, and business strategy to support our Sales and Corporate Finance teams. You'll play a crucial role in shaping the financial future of our Distribution Group, leveraging historical data and forward-looking insights to ensure financial excellence.

Primary Responsibilities:
• Report accurate Actual & Budgeted subscriber revenue for all Nexstar Cable and Broadcast Networks and assist with the consolidation process between Nexstar and The CW.
• Distribute Quarterly financial reports, detailing actual results, variance drivers, and subscriber trends to leadership team.
• Build and manage Annual budgets, ensuring alignment with strategic objectives.
• Conduct monthly reforecasts to adapt to evolving business conditions and market dynamics.
• Assist with developing long-range plans, providing a forward-looking financial perspective.
• Maintain financial models for Budgeted, Forecasted, and Actual revenue, subscribers, rates, and expirations.
• Ensure a thorough understanding of affiliate agreements and MVPD contractual commitments.
• Take lead on (v)MVPD audits working closely with the external audit team and coordinate internally with the billing group. Evaluate audit results and provide summary to leadership to determine actions needed if any.
• Assist in providing variance explanations for actual results vs. Budgets and Forecasts.

Requirements:
• Bachelor's Degree in Finance, Business, or related field
• At least 5 years of relevant experience in the TV Industry, with a strong emphasis on financial analysis, and general ledger oversight
• Exceptional analytical and problem-solving skills, paired with advanced Excel skills
• Excellent communication skills, both written and verbal, with the ability to engage effectively with internal and external stakeholders
• Proven track record of enhancing financial reporting processes

Jobcode: Reference SBJ-rzv8o7-44-200-86-95-42 in your application.

Company Profile
Nexstar

Nexstar Media Group is America’s largest local television and media company with 196 full power stations (including partner stations) in 114 markets addressing nearly 63% of US television households and a growing digital media operation.