Time Inc. is the largest magazine media company in the U.S. and one of the largest branded media companies in the world encompassing iconic titles such as Time, People, InStyle , Sports Illustrated, and Real Simple. It holds a total of 95 titles worldwide and 48 web sites worldwide and engages more than 138 million U.S. consumers in print, online and via mobile devices each month. Currently a division of Time Warner Inc., Time Inc. is expected to spin-off in Q2 2014 into its own publicly traded company.
Throughout this past decade, Time Inc. has owned some of the biggest news stories of the decade and is home to celebrated franchises such as the Fortune 500, Time 100, People’s Most Beautiful and the Sports Illustrated Swimsuit Issue. Time Inc. has experienced great success in digital and reaches 50M unique users each month who visit 1.4B pages, putting it among the top 20 largest media companies online.
The company has established itself as a leader in the social media space, sharing branded content including breaking news, celebrity interviews and links to exclusive video footage with nearly 18 million followers on Twitter and nearly 4 million on Facebook. Time, People and InStyle hold the top three spots for magazines on Twitter and through partnerships with social platforms like Foursquare and GetGlue , the brands are reaching new, heavily-engaged audiences every day.

Summary of Position

Time Inc. currently has a newly created Assistant Manager of Financial Controls position open in its Corporate Finance Department. This position will be based in our New York City office. The individual’s primary responsibilities will be to participate in a team that ensures the Company maintains effective internal controls over financial reporting across Time Inc.

Specific Job Responsibilities:

• Performance of annual risk assessment and internal control testing (walkthrough and testing) of company processes to ensure controls are working as intended and that business process documentation is current
• Review of quarterly submissions from process owners and preparation and submission of quarterly results reporting
• Identification of control deficiencies and participation in remediation efforts
• Implementation, administration and maintenance of a new SOX application
• Performance of AssureNET Balance Sheet reconciliation analysis and reporting
• Administration and maintenance of AssureNET balance sheet reconciliation application
• Coordination with operating departments and liaison with external and internal auditors
• Ad Hoc projects

Requirements:

• 3-5+ years of public and / or private accounting and auditing experience required
• Financial and internal control background required
• Experience in documenting processes, systems and controls preferred
• Experience with Sarbanes Oxley a plus
• Working knowledge of COSO integrated framework of internal controls, generally accepted auditing standards, and accounting principles
• Knowledge of IT controls a plus
• Progressive thinking skills and strong work ethic
• Excellent communication skills to interact with varying levels of management and professional staff
• Effective writing skills and strong attention to detail required
• Strong analytical, organizational and time management skills
• Ability to travel (estimated at less than 5% annually)


EDUCATION:
Bachelors Degree in Accounting or equivalent required. CPA preferred