Financial Analyst

City of New York; New York (NY); On-site; USD 60,000 - 75,000; Full time

Benefits offered by this job

Public Service Loan Forgiveness

Job summary

The City of New York's Department of Youth and Community Development seeks a Financial Analyst for its Financial Management Division. The role involves preparing budget plans, providing oversight on funding, and presenting analytical reports. Candidates should hold a bachelor’s degree and have 2 years of related experience or equivalent prior experience. Preferred skills include proficiency in Excel and familiarity with NYC’s financial systems. New York City residency is generally required within 90 days of appointment.

Qualifications

• A baccalaureate degree from an accredited college and two years of experience in community work.
• High school graduation or equivalent and six years of experience in community work.
• Education and/or experience equivalent to the first two options, with at least one year in option one.

Responsibilities

• Prepare and maintain the portfolio's spending plan.
• Provide oversight and technical assistance with funding and budgeting.
• Prepare and present analytical reports on the portfolio budgetary issues.
• Monitor portfolio operations and estimate budget expenditures.
• Analyze variances and report findings to management.

Skills

Analytical skills

Critical thinking

Proficiency in Excel

Budgeting experience

Experience with financial data

Education

Baccalaureate degree in related field

High school graduation or equivalent with experience

Tools

NYC Financial Management System

PASSPort

HHSA

Job description

Overview

The New York City Department of Youth and Community Development (DYCD) invests in a network of community-based organizations and programs to alleviate the effects of poverty and provide opportunities for New Yorkers and communities to flourish. DYCD supports youth and community services through contracts with a broad network of community-based organizations throughout New York City. Our central task is administering available city, state, and federal funds to a wide range of innovative, practical, and quality programs that positively impact youth and communities.

DYCD is seeking to hire a Financial Analyst in the Financial Management Division. Under the supervision of the Deputy Director, the Analyst should possess excellent analytical, critical thinking skills, be highly motivated, and be a results-oriented individual.

To effectively support and manage the assigned portfolios, the analyst will perform duties that include, but are not limited to:

1. Prepare and maintain the portfolio’s spending plan, including preparation for all budget modifications and Financial Plan changes as well as the preparation of expenditure reports.
2. Provide programmatic staff with oversight and technical assistance with funding and budgeting.
3. Review and track programmatic and administrative spending; maintain tracking and reconciliation of direct service contracts status and budget, coordinating with DYCD’s IT, Accounts Payable and ACCO departments, and acting as budget support specialist within the department, liaising with the Office of Management and Budget and Comptroller’s Office.
4. Prepare and present analytical reports on the portfolio budgetary issues, fielding and/or responding to internal and external inquiries, briefing sheets for upper management to present at City Council hearings and other high-level meetings with oversight agencies, and reviewing performance to develop, monitor and review cost reduction programs.
5. Monitor portfolio operations and estimate budget expenditures, preparing and developing analyses to contribute to the agency-wide surplus needs analysis.
6. Analyze variances and discrepancies and report findings to upper-level management along with recommended changes.

Minimum Qualifications

• A baccalaureate degree from an accredited college and two years of experience in community work or community-centered activities in an area related to the duties described above, or
• High school graduation or equivalent and six years of experience in community work or community-centered activities in an area related to the duties described above, or
• Education and/or experience which is equivalent to the first two options above; however, all candidates must have at least one year of experience as described in option one.

Preferred Skills

• Degree in finance, accounting, or a related field.
• Related budget/financial experience, including a working knowledge of city budget.
• Intermediate proficiency in Excel (SUMIF, SUMIFS, IF, VLOOKUP, XLOOKUP, PIVOT TABLES, etc.).
• Experience reviewing and reconciling complex financial data from multiple sources.
• Experience with NYC’s Financial Management System, PASSPort, and HHSA.
• Strong analytical skills.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website.

Residency Requirement

New York City residency is generally required within 90 days of appointment. City employees in certain titles who have worked for the City for two continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. Discuss the residency requirement with the agency representative during the interview.