Manager, Financial Analysis

Job ID: 10703

Business Unit: MTA Headquarters

Location: New York, NY, United States

Regular/Temporary: Regular

Department: Mgmt and Bud HQ B&T and C&D

Date Posted: Feb 26, 2025

Description

JOB TITLE: Manager, Financial Analysis

SALARY RANGE: $100,467 - $111,369

HAY POINTS: 5 88

DEPT/DIV: Finance

SUPERVISOR : Senior Manager, Financial Analysis

LOCATION: 2 Broadway, New York, NY 10004

HOURS OF WORK: 9 :00 am – 5 : 3 0 pm

DEADLINE: Until Filled

This position is eligible for telework which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.

SUMMARY :

The Manager, Financial Analysis collaborates closely with the agency budgeting groups within the Office of Management & Budget to ensure that operating budgets follow consistent forecasting methodologies and align with corporate-wide standards. Responsibilities include reviewing and validating comprehensive forecasts that consider current year expenditure trends, updates to various operating plans, and assessments of capital projects and their impacts on operating expenses. An in-depth understanding of agency operations is essential for performing these tasks effectively.

The role involves tracking budgetary savings actions necessary for achieving financial plan balance, as well as assisting in the analysis of cash flow needs and the implications of financial policies set by management. Additionally, the position reviews the agency’s monthly financial reports and financial plan submissions, while preparing MTA-consolidated materials. It is also responsible for coordinating and consolidating both short-term and long-term financial planning for MTA agencies, encompassing revenues, expenses, headcount/positions, and cash balance targets .

RESPONSIBILITIES :

• Compile, validate and transmit the required elements associated with specific MTA departments for three annual financial plan updates.

• Periodic review and work with MTA departments to review, analyze and report monthly results compared to budgets/forecasts with variance explanations. Research and escalate significant budget/forecast variations and/or transaction outliers.

• Ensure that identified HQ costs are appropriately allocated to operating agencies. Work with Controller’s Department to confirm allocation entries correctly entered into the accounting system with expected results.

• Communicate with MTA departmental financial contacts regarding MTA financial targets and how they will be incorporated to financial plans.

• Participate in efforts to improve/automate departmental processes. Establish communications with agency Management & Budget peers to coordinate functional reporting and analysis.

• Work closely with other members of Finance organization at all levels to incorporate actual results into forecast updates. Understand and be able to explain the differences between business unit and functional views of MTA departments/functions.

• Perform special projects / deep diving exercises that enhance MTA’s understanding of financial and operational trends, problems or issues affecting the efficiency and effectiveness of MTA services.

• Act as an advisor and provide guidance in setting MTA department goals and level of efficiency.

• Perform revenue, expense, operating capital analysis and project tracking for MTA departments.

• Other responsibilities as assigned.

  COMPETENCIES:

• Knowledge of Oracle Hyperion budgeting system.

• Knowledge of budgeting and financial forecasting techniques.

• Knowledge of general accounting and financial reporting.

• Knowledge of Microsoft Office (Excel, Word, PowerPoint), including pivot tables.

• Effective business writing skills (ability to focus on audience information needs, be concise and direct in language) and effective verbal communication skills (ability to interface with all levels of management).

• Ability to ascertain critical operational and functional issues and prioritize analysis accordingly.

• Ability to seek out, sort and compile data into useful information formats.

• Must be comfortable working as part of a group as well as independently and must be able to perform the functions of this position without the need for direct hands-on supervision from the immediate supervisor.

• Must be a self-starter with initiative and ability to resolve issues without constant supervision.

• Must have a flair for numerical data and the ability to interpret and present figures with a willingness to learn and keep oneself updated with new Agency developments.

  EDUCATION AND EXPERIENCE :

  REQUIRED:

• A Bachelor’s degree, preferably in finance, business, or accounting, or an equivalent combination of education from an accredited college and experience may be considered in lieu of a degree.

• A minimum of five (5) years of financial analysis and/or budget development .

  PREFERRED:

• Master’s degree in a related field from an accredited college.

• Strong understanding and experience with performance metrics.

• Prior experience working in a large, multi-faceted, fast-paced organization or governmental body.

• Familiarity with the MTA’s policies and procedures.

• Familiarity with the MTA’s collective bargaining procedures .

  OTHER INFORMATION:

  Pursuant to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the “Commission”).

  Equal Employment Opportunity

  MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities.

  The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.