Part Time Finance Jobs in Rye, NY (NOW HIRING)

JOB TITLE:

Deputy Director, Finance

DEPT/DIV:

Office of Financial Services

WORK LOCATION:

2 Broadway

FULL/PART-TIME

FULL

SALARY RANGE:

$140,015 - $155,000

DEADLINE:

Until filled

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

Opening:

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people across a 5,000-square-mile travel area surrounding New York City, Long Island, southeastern New York State, and Connecticut. The MTA network comprises the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined. MTA strives to provide a safe and reliable commute, excellent customer service, and rewarding opportunities.

Position Objective:

The Deputy Director of Finance reports to the Senior Director of Finance and assists 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 Senior 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 Senior Director, Deputy Chief, and CFO by providing financial insight and strategies to advance various financial transactions, helping to maintain cash flow strategies, assist with derivatives and hedging, and help manage the general capital program cash flow needs and debt-funding planning.

Responsibilities:

• Day to day oversight responsibilities for the Manager of Finance, when the Manager is hired.
• Manage, with the Senior 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.  Supervise the preparation of MTA Consolidated Financial Plans to accurately forecast debt service costs.
• Assist the Senior 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.  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 a plan of finance to address amendments, novations, and terminations as needed from time to time.  Oversee the Manager of Finance's work with fuel hedges and derivatives.
• Take a lead role in reviewing and quality control in the preparation of all financial and 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 Advisors 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 Senior 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 Senior 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 the Senior Director and Deputy Chief.
• Select, develop, and motivate personnel within the department.  Provide career development for subordinates.  Provide prompt and effective coaching and counseling when the Manager is hired.
• Performs other duties as assigned

Required Qualifications:

Required Knowledge/Skills/Abilities:

• Must possess an in-depth understanding of bond amortization schedules and the bond issuance process.
• Must understand and actively adhere to Securities and Exchange Commission disclosure rules (15c-2-12) and activities of the Municipal Securities Rulemaking Board (MSRB).
• 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 analytical capabilities and quantitative skills, especially modeling in Excel and other quantitative databases.

Required Education and Experience:

• Bachelor’s Degree in Arts/Sciences (BA/BS) in finance, economics, accounting or a related field
• Minimum 7 years of related work experience
• Minimum 3 years in Public Finance

Preferred Education and Experience:

• Master’s degree in Arts/Sciences (MA/MS) in finance, economics, accounting, or a related field

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 those concerning veteran status and individuals with disabilities.

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