The Aviation Department is seeking a Senior Financial Analyst for the Financial Services unit at 4 World Trade Center. The airports generate in excess of $2 billion in revenue from a variety of sources, which are dependent on timely and accurate financial management and planning. In this role, you will work under the supervision of the Manager of Aviation Financial Services to gather, analyze, and report information from internal aviation stakeholders, other departments, and external stakeholders including the FAA and our airline partners to provide an accurate depiction of the current and future financial status of the department.
Specific responsibilities include:
- Aviation Department Budget Development & Consolidation
- Review & analyze all airports’ budgets; Identify initiatives and issues, and recommend solutions; Transmit Consolidated Budget to MBD, identify budget-to-budget Revenue, Expense, and Positions (Permanent & Temporary) drivers.
- Preparation, review and management of the Aviation Central Office Units’ budget. Lead meetings and assist managers and budget preparers to present requirements for preparation of new expense and revenue budgets. Develop and maintain budget templates and roll-up reports used during budget preparation process, analyze budgets to ensure that they conform to budget requirements, and research and correct possible miscoding and other charges for all airport units
- Aid in the development and consolidation of the annual aviation budget and monthly revenue and expense forecasts to support the operation and maintenance of aviation facilities.
- Operating Statements & Budget Variance Reporting
- Prepare and analyze the monthly operating statements at the airport and department level. Extract Preliminary Expense and Revenue Data from SAP to create Preliminary Reports for facilities (JFK, EWR, TEB, LGA and SWF) and entire finance unit in advance of monthly and quarterly reporting meetings. Consolidate and update reports with explanations and estimates. Extract Final Expense and Revenue Data to prepare Final Operating Statement Reports for facilities to organize their final review meetings.
- Prepare monthly variance reports and analyses on Aviation Central Office Units’ operating statements.
- Analysis and reporting of monthly, quarterly, and annual budget variances. Review monthly contract performance reports and monitor monthly accruals for accuracy. Work with facility contract administrators to properly reflect expenses and accruals for service contracts.
- Financial Reporting & Trend Analysis
- Prepare financial trends analysis reports focusing on Revenue, Operating Expenses, Investment, Positions. Provide Aviation and Airports' Trends, charts, analysis.
- Contribute to strategic planning and reporting initiatives, including annual business planning, quarterly department operating performance reporting for Agency executive staff, monthly dashboards, enterprise risk management, and facility/unit dashboard development.
- Consolidate Budget position requests, identifying the initiatives they support and the impact on expenses.
- Preparation of the monthly overtime report and variance explanations for presentation at the Overtime Steering Committee. Provide process improvement and overtime mitigation strategies that will aid in efficiently utilizing overtime.
- Provide Quarterly & Monthly Financial Dashboards, overtime data, and flight fee KPI metrics Aviation dashboard and executive management.
- Business, Financial & Forecasting Services
- Prepare financial and cost benefit analysis in support of the Board/PRMJ authorization process and assisting with internal and external audits (as needed).
- Prepare a monthly analysis to determine the amount of Passenger Facility Charges (PFCs) to be applied to be applied to projects. Download data from SAP and gather information from Treasury and Comptrollers regarding PFCs and prepare PFC JV’s for submission to Comptroller’s.
- Assist in the forecasting of flight fee revenues associated with capital plan investments.
- Support the Department’s long-term forecasting efforts including the long-term revenue and expense forecasts, Passenger Facility Charge revenue forecast, the Capital Revenue forecast, and the Capital Project Settlement forecasts.
- Support airport and departmental units with financial reporting, modeling and forecasting on an as-needed basis.
Candidates must present the following qualifications to be considered eligible for this position:
- Bachelor’s Degree from an accredited college or university in Accounting, Finance, Business, or a related field, or equivalent experience.
- Minimum of 5 years progressively responsible experience in finance, accounting or related business areas.
Ideal candidates will present the following profile:
- Demonstrated quantitative analytical experience, with experience of performing independent analysis without oversight/guidance/direction.
- Experience utilizing and analyzing multidimensional datasets using Online Analytical Processing (OLAP) applications such as Essbase, Cognos Power Play, ICMS or related system.
- Experience with general ledger system such as SAP, Oracle, or PeopleSoft.
- Experience in the use of BudgetPRO, Excel, Word, PowerPoint.
- Experience communicating complex financial information to non-financial audiences regarding long-range forecasting, cost-benefit analysis, and outcome of financial models that you have produced.
- Experience with fixed assets and settlement charges (i.e. validate assets, asset lives, settlement dates, partial settlements, modeling revenues/cost recoveries upon settlement).
- Experience in flexibly adapting to the demands of multiple diverse situations, operating effectively in the face of uncertainty and change, and aligning professional goals with the needs and priorities of the organization.
- Knowledge of Port Authority accounting and financial structure.
- Knowledge of Port Authority budget and accounting policies, procedures and practices.
- Strong analytical, problem solving and decision-making skills.
- Demonstrated experience in flexibly adapting to the demands of multiple diverse situations; operating effectively in the face of uncertainty and change; and aligning professional goals with the needs and priorities of the organization.
- Superior oral and written communication skills with demonstrated experience in making presentations to senior staff.
- Demonstrated experience in effectively persuading and influencing individuals at various levels inside and outside the Port Authority.
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive salary, an outstanding benefits package and a professional environment that supports development and recognizes achievement.
How To Apply
Interested candidates should apply to this job by clicking on the Apply Now button and submitting a combined cover letter and resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications.
Only applicants under consideration will be contacted.
About The Port Authority
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.
EQUAL OPPORTUNITY EMPLOYER
The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.