Description

Responsibilities:

The Office of Financial Planning (OFP) ensures that business transactions and investment decisions are thoroughly analyzed and structured, impacts of financial transactions and decisions are understood, and investments are prioritized such that the Port Authority’s sound financial position and credit quality is maintained and its capital is deployed to meet the critical transportation needs of the region. In addition, OFP manages the Integrated Financial Model (IFM) for the Port Authority. The IFM is the agency’s comprehensive ten-year financial forecast, which is used to determine the Port Authority's financial capital capacity available to undertake its ongoing capital investment agenda.

Under the supervision of the Assistant Director, the Supervising Financial Analyst will be responsible for partnering as a financial advisor to the Aviation Department to review and assess ongoing and future business transactions as discussed below. In this role, the candidate will also supervise and train a financial analyst (and Leadership Fellows/college interns when applicable) as well as support monthly and quarterly board briefings and financial analysis of agency-wide policy decisions and developments.

Financial Transaction Specialist: Maximize the value of agency (Aviation) business transactions and projects, including lease agreements, capital spending, and general business transactions, by validating underlying assumptions, conducting quantitative analysis, identifying key risks, and evaluating credit worthiness. The Supervising Financial Analyst must be comfortable assessing lease and contract terms and reviewing financial models, as well as critically assessing and communicating key business terms. On behalf of the CFO, make recommendations and lead the day-to-day internal review and concurrence protocols for related capital, transaction, and lease authorizations.

Aviation Forecasting Partner: Provide financial advisory to the Aviation department through analysis and diligence of long-range financial forecasts (LRF) of core operating business models to be incorporated in the agency’s Integrated Financial Model. This includes staying abreast of relevant industry fundamentals and business drivers as well as understanding and monitoring key sources of revenue, evaluating the revenue impact of internal and external policy developments, and tracking capital and operating resource requirements necessary to deliver on the department missions . The focus will be on assessing the material impact of departmental LRF quarterly updates, especially as it pertains to capital capacity and the budget, as well as an in-depth understanding of the implications and methodology of forecasting processes.

Financial Analysis Supervision (Aviation): For the Aviation Department, help lead review/diligence of proposed business transactions and long-term financial forecasts while supervising and performance managing one core financial analyst. Will also periodically supervise, and train Leadership Fellows and college interns retained to support OFP’s coverage of the Aviation line of business.

QUALIFICATIONS:

Candidates must present the following qualifications to be considered eligible for this position:

Bachelor’s degree from an accredited college or university with a focus on Finance, Business, Economics, Public Administration, or related field

Five to seven years’ experience assisting in structuring and reviewing complex financial transactions with a focus on public infrastructure.

Minimum of one year of project management or supervisory experience

DESIRED:

Ideal candidates will present the following profile:

Master’s Degree from an accredited college or university with a focus on Finance, Business, Economics, Public Administration, or related field

Experience with Port Authority’s financial, operating, and capital budgeting and accounting and reporting structure and systems, or similar processes and systems at similar sized or larger agencies/companies.

Detailed understanding of financial structures, with exposure to public finance, public-private partnerships, construction contracts, valuation, and lease agreements – and the ability to construct financial models underpinning the key terms of these transactions.

Strong oral and written presentation skills and the ability to interact effectively with Port Authority staff at all levels.

REQNUMBER: JV-61668