Senior Analyst, Budget & Treasury

RTA; Chicago (IL); Hybrid; USD 76,000 - 89,000; Full time

Job summary

An established industry player is seeking a Senior Analyst for Budget & Treasury to join their dynamic team in downtown Chicago. This role involves monitoring and analyzing financial portfolios, managing budgets, and ensuring financial stability for public transit operations. The ideal candidate will possess strong analytical skills and a background in finance, with the ability to work independently and collaboratively. Enjoy a competitive salary and a flexible, hybrid work environment while contributing to the vital financial operations of a key agency in the region. If you are passionate about finance and public service, this opportunity is perfect for you.

Benefits

Medical Insurance

Vision Insurance

Pension Plan

401(k)

Tuition Assistance

Student Loan Assistance

Qualifications

• 1-3 years of experience in finance or statistical analysis.
• Familiarity with ERP systems and Treasury Management Systems.
• Strong analytical skills and ability to maintain confidentiality.

Responsibilities

• Monitor and analyze investment and liability portfolios.
• Assist in managing the RTA Agency budget and financial processes.
• Prepare reports and analyses for RTA management and Board.

Skills

Financial Analysis

Statistical Analysis

Communication Skills

Problem Solving

Budget Management

Education

Bachelor's Degree in Public Administration

Bachelor's Degree in Business Administration

Bachelor's Degree in Accounting

Bachelor's Degree in Finance

Tools

Infor CloudSuite Financials

SymPro Debt Management

SymPro Investment

SymPro Cash Management

Microsoft Office Suite

Job description

Join to apply for the Senior Analyst, Budget & Treasury role at Regional Transportation Authority of Northeastern Illinois (RTA)

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The Regional Transportation Authority (RTA), located in downtown Chicago, is currently accepting applications to fill the Senior Analyst, Budget & Treasury position. The RTA oversees financing, secures funding, and conducts transit planning for the Chicago Transit Authority (CTA), Metra, and Pace. The RTA manages these three Service Boards’ five-year capital programs. Also, to help riders with disabilities and older adults across Cook, DuPage, Kane, Lake, McHenry, and Will counties, the agency issues Reduced Fare and Ride Free permits, assesses eligibility for ADA Paratransit service, and oversees specialized travel training. The RTA offers a competitive benefits package, including flexible work arrangements and a hybrid work environment.

Under the direction of the Manager, Treasury, the incumbent monitors, analyzes, and reports on the Agency investment and liability portfolios, Agency liquidity, and RTA funding. Invests RTA funds and assists in debt issuance activities. Utilizes the agency’s ERP and Treasury Management System for reporting, funding, debt service, budgeting, purchase requisitions, and ad hoc analysis. Reviews annual budgets, two-year financial plans and long-range business plans to ensure region-wide public transit service operations are financially stable and consistent with department goals, RTA strategic plans, and provisions of the RTA Act. Assists in managing the RTA Agency budget, working with department heads and division managers on budget development and monitoring.

• Calculates twice-monthly debt service payments and reviews results with RTA bond trustee. Processes payment in Infor CloudSuite Financials software. Prepares reports on RTA debt portfolio using SymPro Debt Management software.
• Determines actual monthly and annual Service Board funding receivables and payables using Infor CloudSuite Financials software. Assists in distributing results within the Agency and to the Service Boards (CTA, Metra, and Pace). Processes funding receivables, payables, and payments in Infor CloudSuite Financials software.
• Following RTA policies and the Illinois Public Funds Investment Act, invests RTA funds and funds held by the bond Trustee in irrevocable trust accounts. Prepares quarterly report of investment portfolio performance using SymPro Investment software.
• Assists Treasury Manager with forecasting, monitoring, analyzing, and reporting on the RTA’s liquidity position using SymPro Cash Management software. Monitors RTA account balances. Executes reports and queries on bank portals. Initiates or approves transfers of funds between RTA accounts and electronic payments.
• Assists in short/long-term debt issuance activities, including the preparation of official statements, offering memoranda, rating agency presentations, and other documents.
• Continuously evaluates and improves financial processes and systems. Recommends implementation of best practices and technologies to enhance efficiency and accuracy. Continuously creates or updates Standard Operating Procedures (SOP) to maintain optimal documentation within Treasury.
• Reviews and analyzes the budgets of the RTA Agency, the Service Boards, and the RTA region. Coordinates with Service Boards on annual budget development process. Prepares analyses for RTA management, the RTA Board, and the public that examine key budget issues and compliance with budget criteria as outlined in the RTA Act.
• Conducts on-going analysis and monitoring of financial performance of the RTA, the Service Boards, and the region. Prepares monthly and quarterly financial and statistical analyses and public reports of trends and variances. Ensures primary factors affecting financial performance are studied and clearly communicated to RTA management.
• Prepares Board memos, ordinances, and schedules for funding and budget actions to be considered for adoption by the RTA Board. Presents financial results and budget items at RTA Board meetings as required.
• Develops and maintains spreadsheet-based models of RTA regional financial capacity including a ten-year financial plan as directed by the RTA Act. Uses model to forecast long range regional funding needs and analyze the impacts of policy alternatives.
• Assists in preparation of the annual RTA Agency operating budget working with staff and management to determine specific line-item expense and revenue estimates.
• Works with Agency financial systems to support development of the RTA Agency budget and to report on variances of actual results from budget.
• Initiates studies and helps implement processes that maintain or improve the annual budget process and the RTA's strong financial position within the transit industry and investment community. Conducts reviews of RTA policies and procedures compared to industry standards and best practices.
• Acts in a manner that is consistent with the RTA's strategic goals and objectives, as approved by the RTA Board, while providing service of the highest level to our internal and external customers.
• Performs other duties as required that contributes to the effectiveness of the department and the RTA.

The ideal candidate has the knowledge, skill, and abilities equivalent to the completion of a bachelor’s degree in Public or Business Administration, Accounting, Finance, or a related field is required.

The ideal candidate must have the following:

• A minimum of one to three (1-3) years of experience in public or private business with an emphasis on finance, economics, or statistical analysis methods or a combination of work experience, including internship(s) and advanced degree.
• Familiarity with Enterprise Resource Planning (ERP) systems such as Infor and/or a Treasury Management System such as SymPro is desirable.
• Strong verbal and written communication skills, analytical and problem-solving skills, and an understanding of public policy analysis and finance principles required.
• Extensive spreadsheet, presentation, and Microsoft Office Suite software experience required.
• Ability to work independently, plan and organize tasks, solve problems and complete projects in collaboration with various RTA, Service Board, and contract personnel required.
• Ability to maintain confidential information required.

The RTA offers a competitive compensation and benefits package. Relocation is not available. For more information about the RTA, visit our website at https://www.rtachicago.org/.

Candidates can expect the entry level salary of $76,475 annually.

To apply online: Select Login and within the drop-down box, “Login” to your account or create an account by selecting "Register”.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst and Finance

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Inferred from the description for this job

Medical insurance

Vision insurance

Pension plan

401(k)

Student loan assistance

Tuition assistance

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