Important: If you applied for a position before March 24, 2023, please check the status of your application here. MTA employees, click here to check your job application status.

Join our Talent Network
Skip to main content
Back to job search

Deputy Director Finance

Job ID: 5828
Business Unit: MTA Headquarters
Location: New York, NY, United States
Regular/Temporary: Regular
Department: Office of Financial Services
Date Posted: Feb 16, 2024


JOB TITLE:                   Deputy Director, Finance    

SALARY RANGE:        $143,000 - $153,000    

HAY POINTS:                994    

DEPT/DIV:                   Finance    

SUPERVISOR:               Director, Finance and Investor Relations    

LOCATION:                   2 Broadway     

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

DEADLINE:      February 16, 2024    


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



The incumbent will report directly to the Director, within the Finance department assisting with the day-to-day responsibilities associated with the issuance and maintenance of the MTA’s debt portfolio, Primary responsibilities include oversight of the modeling and preparation of the debt service budget to be incorporated into the MTA’s periodic Financial Plans, working with the Treasury department and the Manager of Finance to report on monthly debt service variance. Maintain, review and provide financial data for disclosure documents and various state reporting. Assist the Director with information requests for investors, rating agencies, and other stakeholders, as well as working with the Investment Banking community to structure individual bond transactions and help assess financial ideas and strategies as identified by advisors and Investment Banking community. This individual will assist the Director, Deputy Chief, and CFO by providing financial insight and strategies to advance various financial transactions, helping to maintain provide cash flow strategies, assist with derivatives and hedging, and help manage the general capital program cash flow needs and debt-funding planning.    



  • Day to day oversight responsibilities for the Manager of Finance.
  • Manage, with the Director, Deputy Chief and CFO, the modeling and incorporation of all debt service budgets for inclusion in MTA’s Financial Plans
  • Oversee the maintenance of the MTA’s Debt Database containing detailed information on the entire portfolio of outstanding indebtedness, currently over $48 billion. Supervise the preparation of MTA Consolidated Financial Plans to accurately forecast debt service costs.
  • Assist Director and Deputy Chief in the structuring and negotiation of all capital markets and other debt related financial transactions including review of all legal documents and negotiating the pricing and all other terms of each transaction. Work closely with the underwriting syndicate, multiple bond counsel firms, financial and swap advisory firms and other market participants.
  • Responsible for management of MTA’s interest rate and fuel hedge derivative portfolios of over $2 billion. Maintain current status of portfolio, perform analyses as needed to enable MTA to take advantage of market opportunities and ensure compliance with document requirements. Responsible for developing plan of finance to address amendments, novation’s, and terminations as needed from time to time. Oversee Manager of Finance’s works with fuel hedges and derivatives.
  • Take a lead role in reviewing and quality control in the preparation of all financial, various required reports to state officials and internal stakeholders, etc.
  • Review and vet ideas proposed by underwriters for potential implementation and determination of specific underwriter assignments. Work closely with MTA’s Municipal Advisor(s) in analyzing proposals. Propose financial strategies to achieve a cost-efficient debt portfolio using MTA’s multiple credits. Recommend other financial strategies that support the capital program funding effort.
  • Assist the Director and other team members with information needed for portions of the Annual Combined Continuing Disclosure Filings, including existing debt service tables and list of outstanding debt issuances.
  • Liaison with State officials to coordinate and secure debt issuance approvals when required.
  • Provide information for Director and team as needed for information requests from rating agencies and investors, especially related to forecasted debt in Financial Plans and stated and budgeted debt service.
  • Provide support as needed to support Director and Deputy Chief.
  • 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. Review performance of staff. Create a professional environment that respects individual differences and enables all employees to develop and contribute to their full potential.
  • Other duties as assigned.



  • Must possess excellent interpersonal, organizational, presentation, planning, and decision-making skills.
  • Must have exceptional verbal and written communication skills. Demonstrated ability to communicate and interact with elected officials, and senior leadership from external organizations. Demonstrated ability to work with all internal levels within a given organization, including the MTA Board and senior management.
  • Demonstrated analytical capabilities and quantitative skills, especially modeling in Excel and other quantitative databases.
  • Demonstrated ability to communicate and interact well with external agencies. External agencies may include the Governor’s Office for New York State, New York City government, elected and other public officials, as well as any staff located at other federal or state agencies or authorities.
  • Demonstrated ability to work in a high-profile, high-pressure environment effectively.
  • Demonstrated ability to communicate effectively with key internal and/or external stakeholders.
  • Must have strong managerial skills to effectively direct a staff of professional and technical employees in implementing the short- and long-term goals and direction for the area of responsibility.
  • Demonstrated ability to complete short- and long-term projects effectively and as efficiently as possible.
  • Demonstrated proficiency in other Microsoft Office Suite or comparable applications, i.e., Word, PowerPoint, and Outlook.




  • A Bachelor’s Degree in Finance, Economics, or a related field of study is required.
  • A minimum of 7 years of related work experience with a minimum of 3 to 5 years in Public Finance.


  • A Master’s Degree in Finance or a related field of study is highly preferred.



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.    


Save Job Saved
Similar Jobs