Director, Enterprise Financial Planning

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

Opening

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people across a 5,000-square-mile travel area surrounding New York City, Long Island, southeastern New York State, and Connecticut. The MTA network comprises the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined. MTA strives to provide a safe and reliable commute, excellent customer service, and rewarding opportunities.

Position Objective

This position is responsible for coordinating the development of the financial plan and ensuring that 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. It plays a key role in ensuring consistent financial practices are followed across the Authority. The Director ensures collaboration and seamless communication between OMB, MTA leadership, the Board, and State/external entities.

The Director is responsible for leading multiple critical corporate-wide analyses, including those related to economic forecasting, fare/toll revenue, ridership/vehicle crossing utilization, subsidies, personnel-related expenses, and collective bargaining agreement provisions. It is empowered to make policy recommendations for consideration by MTA leadership. The Director assists the MTA and its Operating Agencies to compile and analyze economic, demographic, and operational statistics and conducts its own economic and statistical research as a complement to these activities. This position is significantly aligned with the responsibilities of the Director, Financial Analysis MTAHQ / B&T, the Director, Financial Analysis NYCT and MTA Bus, and the Director, Financial Analysis, Commuter Rail.

Responsibilities

• This position is responsible for the delivery of timely and high-quality consolidated MTA-wide reports. This information is essential for informed decision-making and is part of the financial books presented at Board meetings.
• This position is responsible for the consolidated budget reporting, including the gathering and analysis of information on financials, subsidies, debt service, utilization, headcount, farebox operation and recovery.
• Review and analyze ridership, traffic, revenues, and subsidies on a continual basis to identify risks and opportunities to the financial plan. Develop and track financial and non-financial key performance indicators.
• Develop, maintain, and improve processes for forecasting ridership, traffic, revenues, and subsidies. Recommend alternative fare, toll, and subsidy revenue scenarios for Financial Plans.
• Provide economic, financial, and demographic assumptions for Financial Plans, and develop risk profiles associated with economic conditions and forecasts.
• Develop cost forecasts for electric power, fuel, risk insurance, claims, employee/ retiree health, and pension for use in the development of Financial Plans.
• Provide direction and oversee fare and toll policy changes necessary to maintain sufficient revenues for MTA solvency.
• Oversee and direct a staff of team member,s including managers. Provide leadership, guidance, and training as needed.
• Work with other Directors in Management & Budget to improve workflows related to forecasts and reported actual results.
• Work with Comptroller’s Office to ensure all funding sources are incorporated into financial plans and reported actual results.
• Work closely with other members of the Finance organization at all levels to incorporate actual results into forecast updates.
• Coordinate statistical sampling for passenger mileage estimation, as required by the Federal Transit Administration. Prepared quarterly subsidy report to the NYS Department of Transportation.
• Develop consolidated analysis and review of the 12-month allocations for MTAHQ and all Agencies.
• Maintain and update MTA’s historical financial files.
• 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. Reviewthe performance of staff. Create a professional environment that respects individual differences and enables all employees to develop and contribute to their full potential.
• Is held accountable for overseeing and evaluating contractor/consultant/vendor performance, where applicable:
  • Observing the work performed by the contractor/consultant/ vendor;
  • Reviewing invoices and approving them if the work meets contractual standards;
  • Addressing performance issues with the contr actor/consultant/vendor when possible, and escalating issues to other parties as needed.
  • Other duties as assigned.

Required Qualifications

Required Knowledge/Skills/Abilities:

• Must have extensive knowledge of financial planning, analysis, forecasting and budgetary control techniques.
• Demonstrated analytical capabilities and quantitative skills.
• Must have knowledge of the MTA organization and the financial structure of the MTA and the constituent Agencies.
• Must know State and local government financial and political processes, including knowledge of government taxation and subsidy funding as they relate to sustaining MTA operations.
• D emonstrated leadership, personnel management, and project management skills.
• Demonstrated strategic goal setting, problem solving, and analytical skills with the ability to identify technical and non-technical problems and evaluate alternative solutions.
• Demonstrated ability to exercise a high level of independent judgment and decision-making.
• Demonstrated ability to communicate and interact well with internal and external stakeholders, including the Governor’s Office, New York City government, elected and other public officials, as well as any staff located at other federal or state agencies or authorities.
• Ability to build consensus with all stakeholders.
• Excellent ability to operate effectively in high-pressure situations; must be flexible and adaptive to change.
• Proficiency in Microsoft Office Suite

Required Education and Experience

• Bachelor’s degree in Business , Finance, Economics, Public Policy Analysis, or related field, or an equivalent combination of education and experience may be considered in lieu of a degree.
• Minimum 10 years of progressively responsible business and related management in Financial or Economic Analysis and/or Budgeting.
• Minimum 4 years in a department head and/or managerial and/or project manager role in a large, multi-faceted, fast-paced organization or governmental body preferred.

The F ollowing is/are preferred

• Graduate degree in a related field.
• Familiarity with MTA’s policies and procedures.
• Familiarity with the MTA’s collective bargaining procedures.
• Experience with Hyperion Budget and Financial Planning or equivalent.

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”).

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

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

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