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Assistant Director, Forecasting & Financial Planning

Job ID: 39588
Department: Financial Planning
Location: 4 World Trade Center

Responsibilities

The Office of Financial Planning (OFP) of the Port Authority of New York and New Jersey is currently seeking an experienced Assistant Director to oversee the financial structuring, due diligence and forecasting of transactions for the Aviation and Port departments.  In this role the candidate will be responsible for providing recommendations to the Director of OFP and ultimately the CFO regarding feasibility, structure, impact of a transaction and its ultimate approval by the Board of Commissioners and final inclusion in the Integrated Financial Model (IFM). The IFM is the Port Authority'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.

The Office of Financial Planning 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.  This includes:

  • Providing high quality, complete, accurate, and timely financial analysis and due diligence to assess the financial feasibility and business case of transactions, proposed agreements and investment decisions; 
  • Monitoring financial trends affecting the Port Authority’s businesses and its overall financial position 
  • Introducing new concepts and financial analysis techniques/approaches when warranted
  • Reviewing the Port Authority long range forecast, including changes to the macroeconomic environment and other potential risks to monitor potential changes to capital capacity and the impact to the 2017-2026 Capital Plan and report them to Executive staff.  

Working closely with the line department is paramount to achieve the agency’s objectives in a manner that maximizes the financial return to the Port Authority in the short and long term and within in the context of the agency’s overarching goals and objectives. The Assistant Director, Aviation and Port Transactions will interact and partner with executive staff at the Line Departments, to provide guidance and for the Line Departments to achieve their objectives in a manner that are financially sound, consistent with financial policies and procedures that support the Port Authority overall mission and objectives. 

The Assistant Director, Aviation and Port Transactions will be responsible for:

  • Manage staff of varying skill levels and competencies to maximize their potential

Financial Structuring:  

  • Maximize the value of business transactions for the Aviation and Port department through quantitative analysis.
  • Conduct, and lead a team in performing financial analyses for complex project financing structures (including assessing third party debt and equity sources/terms and potential funding sources), to determine whether a transaction is feasible
  • Participate in negotiation of commercial terms with potential tenants and department staff as the representative for the CFO. 
  • Present key business terms to executive staff.  
  • Immediate areas of project responsibility will center on the JFK Redevelopment Program and LGA AirTrain Project - as well as review of lease extension and tenant financing initiatives in the Port department.  

Financial Due Diligence:  

  • Review and concur with lease agreements, capital projects, and general business transactions under consideration by the Aviation and Port department to validate underlying assumptions and analysis, identify key risks, compare competing offers, and where appropriate seek more beneficial terms.  
  • Critically assess and communicate key business terms to executive stall

Financial Forecasting:  

  • Monitor financial trends in the Aviation and Port department to provide input into the Agency's long-term financial forecast and assess any impact on Port Authority financial capacity.  
  • Track key revenue sources, such as fixed and variable rent payments, priority revenue initiatives, grant funds, Passenger Facility Charges (PFCs), and Cargo Facility Charges (CFCs) - as well as the capital, operating, and maintenance expenses incurred by these departments.

Qualifications

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

  • Applicant must meet attendance and performance standards and have completed all probationary periods (this statement will appear on all INTERNAL jobs only).
  • Advanced degree from an accredited college or university with a focus on Finance, Business, Economics or related field.
  • Seven to ten years’ experience leading or assisting in structuring and reviewing complex financial transactions with a focus on public infrastructure.
  • Detailed understanding of financial structures, with exposure to public finance, public-private partnerships, valuation and lease agreements.
  • Experience working with and guiding junior staff members to effectively perform financial analysis and due diligence.
  • Demonstrated record of increasingly responsible positions
  • Strong communication, presentation and interpersonal skills with demonstrated ability to interact effectively with staff at all levels and external stakeholders.
  • Ability to lead, motivate, mentor and develop diverse staff.
  • Strong critical thinking, decision-making and problem-solving skills

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.

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