Director of Consolidations & Accounting Partnerships, Buzzfeed
$150-160k
2+ days a week in office
Social news organization
Be an early applicant
Social news organization
1001+ employees
Be an early applicant
$150-160k
2+ days a week in office
1001+ employees
Company mission
BuzzFeed's mission is to make the internet better by providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content more inclusive, empathetic, and creative; and inspiring its audience to live better lives.
Role
Who you are
- The ideal candidate has exceptional communication, relationship management, and analytical skills, is comfortable in a dynamic environment, and will not be afraid to roll up their sleeves to tackle challenging and rewarding assignments
- Bachelor’s degree in Accounting or related field. CPA certification is strongly preferred
- Minimum of 7+ years of progressive accounting experience, including public company and international experience
- Strong understanding of financial consolidations, FX revaluation, and intercompany accounting
- Experience working in a multinational or multi-entity environment including strong knowledge of statutory reporting requirements in international markets
- Excellent analytical, problem-solving, and decision-making skills. Ability to think outside the box, comfortable with ambiguity and providing suggestions and guidance
- Proficiency in Excel, NetSuite a plus
- Ability to work independently and cross functionally across teams including Tax, Legal, Treasury, Finance, and Operations
- Excellent organization skills, superior attention to detail, exceptional communication and interpersonal skills
- Self-starter, independently motivated with a proactive approach and the ability to motivate and inspire others
What the job involves
- BuzzFeed is looking for an experienced Director of Consolidations & Accounting Partnerships to join our team
- This is a full-time hybrid position, with the expectation of commuting to our New York City office twice a week at a minimum. The role will report to the Assistant Controller
- Manage the financial consolidation process for multiple entities (Japan, India, Canada, Mexico, UK) including monthly reconciliations and flux analyses with heavy focus on foreign currency matters
- Act as primary financial liaison with multiple external partners (including gathering reporting of revenue, costs, and cash flow) with focus on maintaining strong and timely communication while ensuring accuracy and transparency
- Monitor financial performance and reporting from partners, ensuring ongoing compliance with contractual agreements while providing analysis and insight to senior leadership
- Oversee intercompany transactions, ensuring proper reconciliation and elimination in consolidated financial statements
- Perform foreign currency revaluation and ensure proper accounting treatment of currency fluctuations
- Maintain the accuracy and reliability of consolidated financial statements, ensuring compliance with relevant global accounting standards (e.g., IFRS, U.S. GAAP)
- Participate in the monthly close process to ensure accurate and timely financial reporting, including, but not limited to, preparing and reviewing journal entries and balance sheet reconciliations
- Collaborate with external auditors to ensure compliance for annual statutory reporting in the U.K. and India, including preparing and providing audit support in a timely manner to ensure compliance with external deadlines
- Continuously identify opportunities to streamline consolidation processes, improve data integrity, and enhance reporting efficiencies through automation
- Maintain internal controls in compliance with SOX and other regulatory standards
Our take
BuzzFeed is an international media company reaching hundreds of millions of readers each month. The company started life as a platform for viral media, and quickly became known for its online quizzes, listicles, and pop culture articles. At its height, the platform received over 1 billion page views each month.
In 2011, the company launched BuzzFeed News, which won multiple accolades including the National Magazine Award and the George Polk Award before the 2023 announcement it would be shutting down. The closure of its News arm comes alongside similar troubles amongst its online news peers, and has been spurred along by a tough economy, a declining stock market, a slowdown in digital advertising, and changing audience habits.
Despite this considerable blow to its operations, BuzzFeed will continue its presence across YouTube, podcasting and other content, with hopes it will bounce back in the upcoming years. Interestingly, it was announced that HuffPost - which the company bought in 2020 - will continue to publish news as it remains profitable.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
1% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jun 2021
$150m
CONVERTIBLE
Nov 2016
$200m
SERIES G
Total funding: $646.3m
Company benefits
- Work from home opportunities
Company HQ
Gramercy Park, New York, NY
Leadership
Jonah Peretti
(CEO)Co-founder of the Huffington Post (alongside Arianna Huffington).
Salary benchmarks
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