Deputy Director, Finance

Recruiter
MTA The Metropolitan Transportation Authority
Location
New York, USA
Salary
Competitive Salary
Posted
10 Sep 2022
Closes
18 Sep 2022
Ref
16359086
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The MTA Finance Department is a high-profile operation that interacts with MTA Board members, the NYS Governor's office, New York City government, elected officials, and federal / state public officials to achieve the MTA mission of providing safe, convenient, and timely public transit in all services areas. The MTA's Finance Department has primary responsibility for managing the MTA's debt portfolio which currently consists of $48.5 billion bonds issued under 8 different credit resolutions. The MTA expects to fund an additional $16 billion in new money needs for existing approved capital projects using a combination of Bonds/PayGo within the next 5 years, has approximately $12 billion in refunding candidates and nearly $10 billion of remarketing needs over the same time frame. Additionally, as the funding sources for MTA's capital programs grow MTA expects to create new financing vehicles to meet its continuing needs.

The Deputy Director will report to the Director, Financial Strategies in a senior roll overseeing 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 while working with the Investment Banking community to structure individual bond transactions and help assess financial ideas and strategies as identified.

The Deputy Director with the Managers of Finance will work closely with the MTA Treasury and Capital Program Funding departments, to report on monthly debt service variance, identify operating liquidity needs and monitor and review capital funding cash flow needs. In addition, the Deputy Director will maintain, review, and provide financial data for disclosure documents and various state reporting; prepare annual Variable Rate and Derivatives reports for the MTA Board's Finance Committee; assist the Director of Finance and Investor Relations with information needed for portions of the Annual Combined Continuing Disclosure Filings, including existing debt service tables and list of outstanding debt issuance; and manage short-and long-term projects effectively.

The Deputy Director will also assist the MTA Director of Finance and Investor Relations with Investor and Rating agency outreach and related information requests.

On occasion, the Deputy Director may be asked to provide a monthly summary presentation to the Finance Committee of the MTA and TBTA boards.

The successful candidate will have demonstrated ability to work in a high-profile, deadline driven environment; excellent interpersonal, organizational, presentation, planning and decision-making skills; analytical capabilities and strong quantitative skills; and exceptional verbal and written communication skills

This position offers a robust benefits package that includes, but is not limited to the following:
  • Medical, dental, vision and prescription coverage
  • Pension Plans
  • Flexible Spending Accounts
  • Paid vacation, holidays and leave programs
  • New York's 529 College Saving Plan
  • Municipal Credit Union
  • Tuition Reimbursement
  • And more!


Education and Experience:
  • A Bachelor's Degree in Finance, Economics, Public Policy, or a related field of study is required. A Master's Degree in Finance or a related field of study is highly preferred.
  • A minimum of seven (7) years of related work experience with a minimum of (3 -5) years in Public Finance.

If you are a dynamic individual with a passion for public service and a proven ability to work effectively in a high-profile, deadline driven environment, we encourage you to view the full position description and to apply, visit new.mta.info/careers.

Under "Job Postings" select: See all open MTA positions. Search by Job Posting Number: 102968 or use the following link to apply: https://tinyurl.com/57vn4bbh

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

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

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