Manager Financial Analysis

Metropolitan Transportation Authority; New York (NY); Hybrid; USD 120,000 - 170,000; Full time

Job summary

Metropolitan Transportation Authority is seeking a Manager, Financial Analysis to oversee the budgeting and financial planning for its agencies. The role includes analyzing budgets, preparing consolidated materials, and presenting financial results to leadership and stakeholders.

The ideal candidate has a BA/BS with at least six years of progressive budgeting experience in government or large organizations. A Master’s degree is preferred and can substitute for two years of experience.

Qualifications

• Bachelor’s degree in finance, business, or related field.
• Minimum 6 years of progressive financial (budgeting) experience with major entities.

Responsibilities

• Analyze and evaluate Agency budget and financial plans for Board submissions.
• Produce monthly variance reports for revenues and expenses (accrual and cash).
• Review budgets and narratives to support financial plans and updates.
• Propose budget targets based on initiatives and resources.
• Compare actual results to prior year budgets and forecasts.

Skills

Oracle Hyperion budgeting system

Budgeting

Forecasting

MS Office

Report writing

Communication

Independent work

Education

Bachelor’s Degree in Arts/Sciences (BA/BS)

Master’s degree in finance/business/administration

Tools

Oracle Hyperion

Job description

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

Opening:

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people across a 5,000-square-mile travel area surrounding New York City, Long Island, southeastern New York State, and Connecticut. The MTA network comprises the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined. MTA strives to provide a safe and reliable commute, excellent customer service, and rewarding opportunities.

Position Objective:

The position of Manager, Financial Analysis assists with the management and coordination of short-term and long-term financial planning of the MTA Agencies, including revenues, expenses, headcount/positions, and cash balance targets. This position also tracks budgetary savings actions that are necessary to achieve financial plan balance and assists in the analysis of cash flow needs and the impact of financial policies set forth by management. This position also reviews Agency's monthly financial reports and financial plan submissions, and prepares MTA-consolidated materials.

Responsibilities:

• Analyze and evaluate comprehensive Agency budget and financial plan proposals for inclusion in Board submissions. Meet with the agency budget staff to resolve issues. Provides MTA Board, management, and stakeholders with accurate and more timely information on the financial position of the MTA. Self-sustaining operating budgets are required by statute and bond covenants.
• Produce timely written reports analyzing and explaining monthly variances of Agency operating results (both accrual and cash) for revenues and expenses. Measurement of how well the MTA is performing versus Board-approved budgets. Necessary to meet reporting guidelines as established by the NYS Comptroller's Office.
• Review Agency budgetary narratives and analysis that support financial plans and budget updates. Ensure that budgets and projections are explained in a clear, accurate, and consistent manner.
• Assist in the establishment of budget targets based on strategic initiatives, achievement of expense savings, and available resources. Assess each agency’s ability to adjust to alternative funding levels while achieving overall MTA and Agency goals. The presentation of realistic financial plans and budgets to management, the MTA Board, elected officials, and the public should have a solid financing, administrative, and programmatic foundation.
• Perform reviews of actual financial and operating results versus the prior year’s budget and/or forecast. Provide the MTA Board and management with an analysis of the prior year and identify implications for current and future budgets.
• Identify, quantify, and explain significant financial risks and opportunities. Keep management informed of potential deviations from the financial plan.
• Perform special projects that enhance MTA's understanding of financial and operational trends, problems, or issues affecting the efficiency and effectiveness of MTA services. MTA is a complex organization facing many important issues that often require rigorous financial analysis in order to understand the financial implications.
• Performs other duties as assigned
• Complies with all policies and standards
• May be required to work hours outside regular work hours, as applicable
• Observes the work performed by contractors, as applicable
• Reviews invoices and approves them if the work meets contractual standards, as applicable
• Addresses performance issues with the contractor when possible, as applicable
• Escalates issues to other parties when needed, as applicable

Required Qualifications:

Required Knowledge/Skills/Abilities:

• Knowledge of Oracle Hyperion budgeting system.
• Knowledge of budgeting and financial forecasting techniques.
• Knowledge of Microsoft Office (Excel, Word, PowerPoint), including macro development and pivot tables.
• Good report writing and communication skills.
• 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 the 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.

Required Education and Experience:

• Bachelor’s Degree in Arts/Sciences (BA/BS) (preferably in finance, business, or business administration).
• Minimum 6 years of progressive financial (preferably budgeting) experience with major government or corporate entities.

The Following is/are preferred:

• Master’s degree in Arts/Sciences (MA/MS) (preferably in finance, business, or business administration).
• A Master’s degree in a related field can substitute for two years of experience.

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").

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

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