Deputy Director, Consolidated Reporting

Job ID: 8014

Business Unit: MTA Headquarters

Location: New York, NY, United States

Regular/Temporary: Regular

Department: Consolidated Analysis

Date Posted: Jul 3, 2024

Description

JOB TITLE: Deputy Director, Consolidated Reporting

SALARY RANGE: $143,000.00 - $153,000.00

HAY POINTS: 994

DEPT/DIV: Office of Management & Budget

SUPERVISOR: Director, Consolidated Reporting

LOCATION: 2 Broadway

HOURS OF WORK: 9:00 am - 5:30 pm

DEADLINE: Five (5) days from posting

Only eligible internal candidates will be considered for this position.

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

SUMMARY:

Working in partnership with the Director and Deputy Director of Consolidated Analysis, this position coordinates the development of the MTA financial plan and provides leadership has cohesive, coordinated, and accurate financial information in a timely manner to drive strategic decisions that enable the MTA to achieve its mission within existing financial constraints. The position works to ensure collaboration and seamless communication between OMB, MTA leadership, the Board, and State/external entities.

The Deputy Director is responsible for maintaining and supporting the Hyperion budgeting system, which is critical for developing MTA financial plans and reporting actual results and variance analyses to executive leadership. This position also coordinates with the Finance, Treasury, and Comptroller functions to ensure the adequate flow of funds, and the continued accuracy between the sources and uses of funds.

The Deputy Director oversees the analysis, forecasting and reporting of subsidies, including but not limited to financial plan projections, monthly analyses of actual vs. forecast variances, and analyses of legislation proposing new subsidy revenue sources and alterations to existing subsidies.

RESPONSIBILITIES:

• Directs and oversees the maintenances and revisions of the MTA Consolidated instance of the Hyperion budgeting system, which is critical for developing MTA financial plans and reporting actual results. Also ensures that the Agency Hyperion applications and data are integrated properly with the Consolidated instance for accurate and smooth transmission of data, and maintains and revises financial reports, web forms, rules and programming scripts and verifies that calculations are accurate.

• Directs the staff and oversees the monthly MTA cash flow projections, which are essential for maintaining MTA’s fiscal solvency.

• Direct, monitor, analyze, and assist in development of the consolidated budget reports, including financials, subsidies, debt service, utilization, and headcount.

• Directs and oversee the development of various forecasting, reporting models; including but not limited to financial plan projections, monthly analyses of actual vs. forecast variances, and analyses of legislation proposing new subsidy revenue sources and alterations to existing subsidies.

• Directs and oversees actual financial and operating results versus budgets and forecasts.

• Liaison with Finance, Treasury, and the Comptroller’s Office to ensure funding sources are incorporated into financial plans and reported actual results.

• Works with Open Data team to ensure financial plans and actual results are correctly completely aligned with internal financial documents and assists in resolving data compatibility issues.

• Coordinates invoice preparation to City of New York for reimbursement of Staten Island Railway operating cost. Works with MTA Bus in preparing invoice to City of New York for reimbursement of MTA Bus operating cost, including proper accounting of MTA Bus debt service billable to the City.

• Select, develop, and motivate personnel within the department. Provide career development for subordinates. Provide prompt and effective coaching and counseling. Responsible for discipline/termination of employees when necessary. Review performance of staff. Create a professional environment that respects individual differences and enables all employees to develop and contribute to their full potential.

• Performs special projects and participates as needed on MTA-wide issues that require budgetary or financial expertise.

• Other duties as assigned.

  KNOWLEDGE, SKILLS, AND ABILITIES

• Must have knowledge of accounting terminology and generally accepted accounting principles.

• Must have knowledge of Hyperion Planning Systems and other system applications.

• Must have knowledge of budgeting and financial forecasting techniques.

• Must have knowledge of Microsoft Office (Excel, Word, PowerPoint), including macro development and pivot tables.

• Must have knowledge of government taxation and subsidy funding as they are related to sustaining MTA Consolidated Services operations.

• Outstanding report writing and good communication skills required.

• Must have excellent collaboration, and problem-solving skills with ability to convey information both in a precise technical manner and in a concise understandable manner.

• 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 ability to resolve issues without constant supervision.

• Must have a flair for numerical data with knowledge of accounting and the ability to interpret and present figures with a willingness to learn and keep oneself updated with new system developments.

• Must have attention to detail.

  EDUCATION AND EXPERIENCE:

  REQUIRED

• Bachelor’s degree (preferably in finance, business, or business administration). An equivalent combination of education and experience may be considered in lieu of a degree.

• A minimum of eight or more years of progressive financial (preferably budgeting) experience with major government or corporate entities is required, including at least 3 years in a managerial and/or leadership role in a large, multi-faceted, fast-paced organization or governmental body.

• A Master’s degree in a related field can substitute for two years of experience.

  PREFERRED

• Master’s degree in a related field.

• Familiarity with the MTA’s policies and procedures.

  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”).

  Equal Employment Opportunity

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

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