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Financial Analyst - Risk

Job ID: 5053
Business Unit: MTA Headquarters
Location: New York, NY, United States
Regular/Temporary: Regular
Department: Office of Insurance & Risk Mgt
Date Posted: Dec 21, 2023

Description

JOB TITLE:                  Financial Analyst - Risk

SALARY RANGE:       $63,108 – 82,829

HAY POINTS:              362

DEPT/DIV:                    Risk and Insurance Management

SUPERVISOR:             Manager, Budget & Administration

LOCATION:                 2 Broadway New York, NY 10004

HOURS OF WORK:    9:00 am - 5:30 pm (7 1/2 hours/day)                

 

SUMMARY:

This position supports and assists the Manager, Budget, and Administration in all phases of the department’s budget as well as the budget and financial accounting for First Mutual Transportation Assurance Company (FMTAC). Responsibilities include but are not limited to report generation, analysis, research, database maintenance, and record keeping.

RESPONSIBILITIES:

  • Maintains PeopleSoft Financial program through daily data entry and review which facilitates in the monthly submission of FMTAC financials.
  • Prepares monthly FMTAC reviews which include report preparation, review of data and submission of final assessment to Manager, Budget Administration.
  • Responsible for all Agency insurance premium and FMTAC invoices which includes logging invoices into database, reviewing and resolving discrepancies, and submitting invoices to Manager for payment.
  •  Reviews Quarterly FMTAC Financial Plans for Budget Submission.
  • Reviews monthly FMTAC Budget Submissions which include Processes flat file and PeopleSoft Portal files (run and review).
  • Assists in the resolution of any FMTAC Budget/Financial Plan errors.
  • Creates and manages PO List and log tracking PO funding.
  • Creates, inputs, and manages Requisitions via PeopleSoft.
  • Creates various budget runs utilizing excel as per department needs.
  • Reconciles LIRR/ MNR claims payments using Excel file.
  • Resolves issues with payments (wire transfers, check requests, check stops etc.)
  • Monthly review of all payments charged to RIM; immediately correct/ reject all not properly charged to RIM.
  • Other duties as required. 

 KNOWLEDGE, SKILLS, AND ABILITIES:

  • Knowledge of Generally Accepted Accounting Principles (GAAP).
  • Proficiency in computer applications pertaining to spreadsheets, database, and presentation software (i.e., MS Excel, PowerPoint, Access, and PeopleSoft).
  • Ability to work with minimal supervision in performing detailed analysis and tracking.
  • Must have good communication skills and demonstrate ability to effectively interact with staff, consultants/vendors, and agency contacts. 

EDUCATION AND EXPERIENCE:

REQUIRED 

  • Bachelors’ degree in Business Administration, Accounting or Management or the equivalent in progressively responsible experience.
  • A minimum of two-three years of experience as a financial or business analyst. 

 PREFERRED:

  • Prior experience working in a large, multi-faceted, fast-paced organization or governmental body.
  • Familiarity with the MTA’s policies and procedures.
  • Familiarity with the MTA’s collective bargaining 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.

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