PORT AUTHORITY OF NEW YORK AND NEW JERSEY

OFFICE OF FINANCIAL PLANNING

4 World Trade Center, 15th Floor

150 Greenwich Street, New York, NY 10007

Manager of Financial Forecasting

Responsibilities: Under the supervision of the Deputy Director, the selected candidate will be responsible for updating the Port Authority’s Integrated Financial Model (IFM), collaborating with client departments and/or other financial departments to ensure that the model maintains its integrity and reflects the most current and up-to-date information, supervising other staff in the group, and coordinating the Capital Gates Process for the Chief Financial Officer (CFO). The IFM is a comprehensive ten-year financial forecast, which is used to determine the Port Authority’s financial standing while undertaking its capital investment agenda. The Capital Gates Process was established to determine whether capital projects can advance through their delivery cycle based on the capital capacity available at the time.

Specific responsibilities include, but not limited to:

Long Range Forecast

Quarterly updates of the IFM, including analysis of various financial scenarios to determine levels of capital affordability while meeting all performance measures established. In particular:

  • Analyze activity, revenue, and expense forecast from the client departmentsin accordance with targets,planning guidance and various assumptions
  • Incorporate transactions and other deals reviewed by the Office and determine the potential capacity impact
  • Model proposed debt transactions and financing strategies to determine potential impact on capital capacity within the ten-year financial forecast window and beyond
  • Respond to rating agency requests and preparation of various cash flow analyses
  • Work with client departments to understand main assumptions, challenge the status quo, get variance explanations between various updates, and resolve discrepancies
  • Evaluate a wide range of financial scenarios, or initiatives, in accordance with agency-wide capital plan goals and financial capacity. Identify short-term and long-term financial and operational impacts and the effect on capital capacity. Coordinate assessments with otherdepartments’staff as necessary
  • Prepare clear, concise and timely presentation materials for senior staff and executive management on results of the quarterly updates and/or financial scenarios as requested
  • Review factors affecting long-range financial forecast outlook and suggest model improvements that will most accurately reflect long-term projections

Gates Process

Coordinate for the CFO the participation of the finance departments in the Gates Review Process

  • Participate in review meetings with the line departments and the Capital working group
  • Represent the CFO in the Capital working group
  • Review projects that are advancing through the gates projects, complete all due-diligence and coordinate questions/concurrence with other financial departments
  • Provide the final concurrence from the Finance department perspective for projects to advance to for approval

Special Assignments

Prepare special requests from executive management. In particular:

  • Assist other financial departments with reconciliations between systems and perform any ad-hoc requests as requested in a timely and accurate manner
  • Prepare reports/presentation to senior staff and executive management related to the Interstate Transportation Network as required
  • Interact with the Planning Department and the Chief Economist in the definition of the economic scenarios and the various econometric models for activity forecasts
  • Participate on RFP committees and task forces from the financial perspective, in order to identifying and resolving financial implications
  • Lead and/or assist in the preparation of ad hoc analyses

Qualifications:

  • A Bachelor’s Degree from an accredited college or university in Finance, Accounting, Mathematics, Economics or related field is required
  • Five to sevenyears’ experience in complex financial analysis and long-range forecasting within a large organization

Desired:

  • Master’s degree from an accredited college or university in Finance, Accounting, Business Administration or related field
  • Municipal and/or public finance experience

Skills:

  • Strong financial, analytical and problem solving skills. Proficient in performing complex financial analyses, including what-if scenarios and cost benefit analyses
  • Ability to work under pressure and meet tight deadlines while achieving required results
  • Demonstrated skills required to manage comprehensive analytical projects, with demonstrated ability to set specific timelines and deliverables to achieve goals
  • Ability to communicate complex information in a simplified format to senior staff. Excellent oral and written presentation skills
  • Demonstrated strong interpersonal skills and the ability to interact effectively with Port Authority staff at all levels
  • Ability to interpret and understand the Agency’s direction and its impact on the client departments
  • Ability to understand the client department’s business and operational structure
  • Demonstrated knowledge of Port Authority accounting, budgeting, financial and business planning structure, policies and procedures

To apply:

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