Principal Budget Analyst

NJ TRANSIT; Newark (NJ); On-site; USD 70,000 - 100,000; Full time

Job summary

Join NJ TRANSIT as a pivotal force in shaping financial strategies and enhancing budget processes. As part of the team, you will lead the development of comprehensive budgets for Bus and Rail Operations, drive performance analysis, and work in a collaborative environment focused on excellence. With a commitment to inclusivity and professional growth, NJ TRANSIT offers a rewarding career bolstered by a competitive salary and a robust benefits package.

Benefits

Comprehensive Family Health Insurance

Flexible Spending Account

Life Insurance

Paid Leave

Tuition Assistance

Pre-Tax Commuter Benefits Plan

401(a) Retirement plan with a 6% employer contribution

401(k) Retirement saving plan with up to 3% company match

457(b) Deferred Savings Plan

Qualifications

• At least five years of experience in Financial Analysis, Budget Development, Finance or Accounting.
• Proficient in Microsoft Office, Access, and Oracle.

Responsibilities

• Develops and prepares NJ TRANSIT's annual zero-based consolidated Operating Budget.
• Performs and supervises complex technical and financial analysis.
• Researches and compiles data in response to information requests.

Skills

Financial Analysis

Budget Development

Data Analysis

Education

Bachelor’s Degree in Finance, Accounting, Business Administration or related area

Tools

Microsoft Office

Access

Oracle

Job description

Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets customers to their destinations on time–and we're looking to hire talented folks with a commitment to excellence to make it all possible.

Roles and Responsibilities:

• Develops, coordinates and prepares NJ TRANSIT’s annual zero-based consolidated Operating Budget for Bus Operations and Rail Operations to ensure adequate funding for all planned expenditures.
• Reviews and analyzes Bus Operations and Rail Operations monthly performance against budget, utilizes multiple databases to research details/explanations for variances, and provides recommendations regarding budget threats and solutions.
• Develops, manages and initiates reports for use by management and departments within the corporation. Researches, recommends and implements necessary data base modifications.
• Performs and supervises complex technical and financial analysis and special projects such as labor contract analysis, cost reduction programs, ridership trend analysis, and impact of capital program to assess potential financial/budgetary impacts and recommend and implement necessary data base modifications.
• Performs all related Operations Budget Office responsibilities relative to the eP position control system. Develops the Monthly Headcount/Vacancy Reports.
• Research and compiles data in response to information requests from OPRA, State agencies, sister-transportation agencies/authorities, and internal/executive management.

Knowledge and Skills:

• At least five years of experience in Financial Analysis, Budget Development, Finance or
• Accounting.
• Knowledge of Microsoft Office components is required.
• Knowledge of Access and Oracle is strongly desired, while knowledge of ePersonality (HR
• system) is desired.

Education, Experience and Qualifications / KNOWLEDGE & SKILLS REQUIRED:

• Bachelor’s Degree in Finance, Accounting, Business Administration or related area

At NJ Transit you will enjoy a competitive salary and excellent benefits package:

• Comprehensive Family Health Insurance – Medical, Prescription, Dental, Vision
• Flexible Spending Account
• Life Insurance
• Paid Leave
• Tuition Assistance
• Pre-Tax Commuter Benefits Plan
• Retirement Plans:
  • 401(a) - Retirement plan with a 6% employer contribution
  • 401(k) - Retirement saving plan with up to an 3% company match
  • 457(b) - Deferred Savings Plan

At NJ TRANSIT, diversity and inclusivity are vital to our success as we are committed to hiring individuals from diverse backgrounds, experiences, abilities, and veteran status. As an Equal Opportunity Employer, we encourage all qualified applicants to apply and join our team.

Learn more about NJ TRANSIT! Sign up to receive an invitation to our next live information session at WWW.NJTRANSIT.COM/BEST