Staff Accountant

Nexstar Media; Irving (TX); On-site; USD 60,000 - 75,000; Full time

Job summary

Nexstar Media, based in Irving, TX, seeks a Staff Accountant to support the Corporate Accounting Department in the monthly close process, focusing on significant transactions across network affiliations and equity investments.

Responsibilities include reconciliations for network relationships (ABC/CBS/FOX/NBC/The CW), equity and debt accounting, ASC 842 leases, intangible assets, pension obligations, and GAAP financial statements preparation.

Qualifications

• Bachelor's degree in Accounting.
• 1-2 years of experience.
• CPA or CPA eligible a plus but not required.

Responsibilities

• Assist monthly close and reconciliations for network affiliations.
• Assist accounting for equity investments and debt transactions.
• Assist in lease accounting under ASC 842 with coordination across stations.
• Assist in tracking intangible assets and pension/retiree obligations.
• Prepare GAAP financial statements and audit schedules.
• Perform variance analysis on key expense accounts.

Skills

Communication skills

Proactive, organized

Education

Bachelor's degree in Accounting

Tools

Microsoft Word

Microsoft Excel

Job description

The Staff Accountant supports the Corporate Accounting Department in various tasks related to monthly close process for the significant transactions of the Company, including network affiliation relationships (ABC, CBS, FOX, NBC, the CW); investment in TV Food Network and other equity investments; debt and related transactions and activities; monitoring of intangible assets; lease accounting under FASB ASC 842, pension and other post-retirement benefit obligations accounting; and in certain areas around preparation of GAAP financial statements.

Essential Duties & Responsibilities:

• Assist in the monthly accounting and reconciliations for network affiliation relationships (ABC, CBS, FOX, NBC, the CW)
• Assist in the accounting for equity investments (equity method and cost method investments, primarily investment in TV Food Network)
• Assist in the accounting for debt transactions and review of trends (bonds, bank debt, etc.)
• Assist in processing of new leases, modified leases and terminated leases through the lease accounting standard FASB ASC 842 (requires communication and interaction with operational teams at the Company's TV stations in markets and other business units)
• Assist in the tracking of intangible assets, related amortization, and reconciliation
• Assist in the tracking and accounting for pension and other post-retirement benefit obligations
• Other long-term assets and other long-term liabilities accounting and reconciliations
• Variance analysis on key expense accounts
• Assist in the preparation of GAAP financial statements
• Assist in the preparation of audit schedules (rollforwards/analysis) for quarterly review and annual audit.
• Special projects as assigned.

Work experience and education required for position:

• Bachelor's degree in Accounting
• 1-2 years of experience
• CPA or CPA eligible a plus but not required

Special Skills Required:

• Adequate understanding of U.S. GAAP
• Public accounting experience is a plus, not required
• Excellent oral and written communication skills
• Proactive, self-motivated, organized, and able to handle multiple tasks
• Proficient in Microsoft Word and Excel