Associate Director, Finance
McGraw Hill Financial 234 reviews - New York, NY

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Standard & Poor's, a part of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of credit ratings. With offices in 23 countries, Standard & Poor's is an important part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with information and independent benchmarks for their investment and financial decisions. For more information, visit


The Associate Director is responsible and accountable for providing financial management, guidance and operational support to the SVP-CIO as well as financial planning and analysis activities for all of Standard & Poor’s (S&P) Ratings Services Information Technology, on a global basis. This includes coordination, development, consolidation and presentation of the S&P Ratings Services Information Technology MRP, annual expense, capital expenditure / deferred project cost budgets and monthly estimates.

The Associate Director acts as the chief finance liaison for S&P Ratings Services with the McGraw-Hill Corporate Information Management (IM) team for outsourced technology services. The position is also responsible for the coordination and development of project funding requests as well as determining rationale used for the deferral of software development costs.

This position will work closely with the respective business units / departments in fulfilling this support function.

S&P Ratings Services is a dynamic environment characterized by rapid technological change and demand-oriented requirements. The challenge is to satisfy immediate customer requirements while the technology window often requires long-term commitments. Constant interaction between this position and senior management is critical for understanding the impact of potential change. This position is responsible for providing financial alternatives and solutions to multifaceted business opportunities and issues.

The position is presented with constant problem solving and decision making challenges in interpreting, analyzing, communicating and making recommendations on the operating plans and initiatives of the S&P Ratings Services Information Technology group.

In the review of the annual MRP and budget for S&P Ratings Services Information Technology departments and their initiatives, analysis is performed to gain a clear understanding of the financial aspect of the plan and to communicate these insights to Senior Management

The incumbent must be innovative, creative and expeditious in the development of analysis and solutions to complex problems. Clear presentations of the problem and alternative solutions are required for senior management to act upon the data provided in the decision making process.

Serve as the financial partner to key management within the S&P Ratings Services Information Technology departments and provide guidance and support in establishing and setting the strategic direction within the respective units. Coordinate & provide direction to insure capability of addressing the ever-changing technology needs of S&P Ratings Services.

Coordinate the development of S&P Information Technology’s annual expense and Capital Expenditure Medium Range Plans (MRP) by preparing guidelines and instructions, and distributing them to managerial personnel, establishing timetables for completion, answering procedural and financial questions, analyzing submitted data, and developing presentations of the financial plan for senior management.

Conduct formal monthly forecasts of expense and quarterly capital expenditures for the departments, assess their reasonability, and report on the results to the department’s operations management and Senior Director – Operations, S&P Segment Finance.

Provide forecasts and estimates of monthly, quarterly and full year expenses & positions/headcount to management for the Information Technology Departments. Provide supplemental analysis and evaluations for senior management, as needed.

Work with other finance staff on a regional and functional basis to consolidate S&P Ratings Services Information Technology results. Coordinates with BU finance teams on monthly financial closing, planning and estimates of IT ASD cost centers.

Track and monitor headcount/positions on a continuous basis, approve new hires and work with HR to ensure compliance with all hiring approval policies. Partner with HR to administer the annual merit/incentive compensation awards.

Works with McGraw-Hill Corporate IM Finance team to gain insight and transparency into retained IT infrastructure allocations and outsourced technology costs. Responds to information requests.

Provide financial assistance, analysis and guidance on external vendor contracts that are a major component of the Information Technology organization including, but not limited to, outsourced application maintenance, software licenses/maintenance, capital spending and deferred project costs.

Develop and maintain allocation models, analyze customer usage trends, staffing, and other key financial drivers.

Participate in fulfilling S&P Finance’s SOX 404 compliance and reporting responsibilities which include quarterly internal control risk assessments and completing annual evidential matter requirements. Develop, review, and monitor policies and procedures for departmental functions. Ensure there are no significant weaknesses in internal controls by continuously reviewing with business partners, corporate policy and procedures with respect to all financial processes of the company.

Review monthly balance sheet reconciliations.

Develop and maintain procedures that ensure accountability and control over capital expenditures and deferred project costs. Monitor actual and planned spending as well as review and coordinate approval of larger expenditures.

Assist non-financial managers in the management, coordination, and direction of the respective departments’ project management function with emphasis on establishing sound management practices and operating procedures. Create and present value-added analysis to enable better business decision-making.

Track large project cost spending and completion status versus plan. Provide updates and assist senior Information Technology and business unit management in assembling information for Technology Operations Committee reviews.

Manage 2 staff and support relationship with S&P Ratings Services Information Technology Purchasing Agent.

Prepare and respond to requests for special projects and ad-hoc assignments as requested by management.


In order to effectively analyze the operational and financial performance, the incumbent must have strong financial analytical skills with a solid background in the application of such skills in a global, matrixed operational environment. Highly developed financial skills and knowledge of generally accepted accounting principles are also a pre-requisite for the development of MRPs, business plans, budgets, etc.

Strong interpersonal management and communication skills are important in supporting both the Information Technology’s department’s management as well as senior S&P Ratings Services management in the review and discussion of financial plans and estimates. The incumbent must function as a financial partner and must be able to communicate ideas effectively.

Highly developed communications and interpersonal skills, as well as a demonstrated track record as a negotiator, are needed to manage the day-to-day business relationships across multiple Business Units. Coordination and the proper utilization of McGraw-Hill Shared Services where necessary will be critical in the achievement of business requirements.

The incumbent must also have highly developed administrative skills and demonstrated expertise in organizing and controlling large-scale operations and projects.

This position requires a detailed and comprehensive knowledge of accounting, budgeting, financial planning, and forecasting to coordinate the MRP and perform other functions central to this position.

The incumbent must be able to act independently and provide new and creative ideas/analysis for the senior management of S&P.

Organizational change is recurring as Standard & Poor’s continues to leverage its resources. The incumbent must be highly adaptive and responsive to changing conditions as well as be proactive in anticipating management analytical needs. A strong work ethic and attention to detail are also essential for high performance in this role.

Prior experience in support of and knowledge of information technology services is preferred.

CPA and/or MBA required. At least 8 years of progressive experience in a large company is recommended.


Regular full-time employees of The McGraw-Hill Companies routinely receive the following benefits:

Medical, Dental, Vision insurance, Flexible spending accounts with company contribution

401K with company matching, long-term and annual incentives, stock purchase program

Many work/life benefits such as low-cost emergency child- and elder-care, parental leave for birth or adoption, flexible work arrangements, volunteer opportunities, employee assistance programs, tuition reimbursement, employee discounts, and much more

About the Company

Do you see what others can't? Come work for Standard & Poor's, the world's premier provider of investment research, market indices, credit ratings, financial data, and fixed income research and analysis. With more than 10,000 employees and offices in nearly two dozen countries, S&P offers you the opportunity to make an impact in nearly every segment of the global financial community, creating the tools, analysis and research needed for investors to make informed investment decisions. Standard & Poor's is a division of The McGraw-Hill Companies.

The McGraw-Hill Companies (NYSE: MHP) is a Fortune500 corporation with over 20,000 global employees and over 10,000 U.S. employees. Around the world, McGraw-Hill provides people with the information and insights they need to adapt and grow in changing times. Our business spans the fields of financial services, education, and business information with leading brand names such as Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power & Associates. By working together with our customers and partners, these brands are laying the foundation for a smarter, better world.

The McGraw-Hill Companies is an equal opportunity employer. Only electronic job submissions will be considered for employment. For special accommodation due to disability, please email webmaster -at- and your request will be forwarded to the appropriate individual.



Primary Location

US-NY-New York



S&P Finance & Operations

Corporate Brand

S&P Ratings Services

About this company
234 reviews
McGraw Hill Financial is a high-growth, high-margin benchmarks, content and analytics company serving the capital and commodity markets....