Job Information
Port Authority of New York and New Jersey Principal Financial Analyst in New York, New York
Description
About the Role
This position will work on a team of four within MBD’s Budget Performance and Analysis division, reporting to the Supervising Financial Analyst. The Principal Financial Analyst is a key member of the MBD team who is responsible for supporting and providing exemplary customer service to multiple Port Authority Departments, including the Port Authority’s Office of the Chief Security Officer which includes the Port Authority Police Department and Civilian Security units. The Civilian Security units include Security Operations Department (includes Security Guard expenses for all facilities), Rescue Training Center that trains PAPD members of force in firefighting functions to support Aviation’s Aircraft Rescue and Fire Fighting (ARFF), Resource Management & Planning, and Preparedness, Intelligence and Inspection (includes Office Emergency Management). Additional departments within this portfolio include the Audit Department and the Inspector General Department.
The Principal Financial Analyst will support the Supervisor in achieving timely and accurate financial analysis and ensure the financial review of all agency initiatives is conducted to the highest standard, as it relates to providing financial expertise particularly regarding budgeting, financial reporting, and reviewing/approving and analyzing resource and authorization requests to make sound recommendations.
Responsibilities
Reviewing and analyzing annual Budget submissions in close coordination with client Departments to ensure alignment withAgency guidance, corporategoalsand objectives, and are fiscally responsible.
Reviewing, evaluating, and presenting monthly financial performance results to ensure financial integrity and alignment with the Budget, includinghighlightingand communicatingsignificant variances from plan,andrecommending alternatives to address areas where management action may be necessary.
Analyzing requests to procure various resources to ensure proper stewardship of the agency’s resources and consistency with the approved annualBudget.
Verifying Budget submissions are properly consolidated in the agency’s enterprise Budget system—BudgetPro—to help prepare the annual Budget Book and other Budget presentations and memorandum for the Board of Commissioners and executive leadership.
Coordinating with various Departments both inside and outside the Finance suite, including (but not limited to) the Comptroller’s, Office of Financial Planning, and Operation Services, to develop Budget recommendations, ensure accurate accounting transactions, and monitor the impact of economic conditions.
Serving as the Team Lead for Senior and Staff Financial analysts by supporting them in daily work, including the review and presentation of Agency authorization documents, including Board Agenda items and Memorandums of Justifications and Authorizations to ensure the highest and best use of resources, and ensure consistency with the approved Budget.
Participating in RFP committees, task forces, and other special projects to represent the agency’s financial interests.
Minimum Qualifications
Bachelor’s degree from an accredited college or university in Finance, Accounting, Public Administration, or related fieldand/ora minimum of 3 years of experience in financial analysis, accounting, and/or budgeting.
Ability to identify and analyze financial issues, and ultimately recommend solutions or alternatives.
Detail-oriented in both developing financial spreadsheets and in summarizing those results to Departmental leadership including implementing robust quality controls on spreadsheets and ensuring financial accuracy.
Desired Qualifications
A Master’s degree from an accredited college or university in Finance, Accounting, Public Administration, or a related field.
Knowledge of financial, Operating, and Capital Budgeting processes and/or accounting structures.
Experience with database and visualization tools like Oracle Hyperion/Essbase and PowerBI.
Experience with the Port Authority’s corporate financial systems, including SAP, PeopleSoft, BudgetPro, and ICMS/Cognos.
Experience successfully developing and implementing process improvement initiatives for internal or external business processes.
Proactive mindset with strong time management, multitasking, and organization skills.
A customer experience mindset and curiosity to learn about the operations of the Departments that play a vital role in keeping the agency moving.
Selection Process
The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive benefits package, hybrid work options for many positions, and a professional environment that supports development and recognizes achievement.
Click here (https://www.jointheportauthority.com/pages/working-here) for more information about benefits, our culture, and career development opportunities.
REQNUMBER: 62106