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Under the general supervision of the Director/General Manager, PATH, the successful candidate will be responsible for the overall management of the PATHs financial operating efforts and assist with capital performance. The incumbent will be responsible to ensure that PATH is correctly positioned to capitalize on business changes while balancing resource requirements to identify operating cost efficiencies. This position is responsible for the coordination of the annual departmental Capital and Operating Budget Process for PATH. The incumbent will also be responsible for communicating with the Management and Budget Department and providing guidance to PATH and assuring that the budget submissions are logical and represent the true cost of operating the railroad. The incumbent will be responsible for the reporting, analysis and development of mitigation strategies as necessary of departmental financial results including the use of overtime on a monthly basis. This position is also responsible to assist in the review of resource requests and development of new initiatives for inclusion, as well as identification of potential budget reductions and their associated impacts.
Other responsibilities include: supervision of financial and grant management staff; management of the capital update and the capital planning process including project prioritization and offset development; development of PATHs long-range financial forecasts consistent with the departments business planning objectives and operating requirements; assuring that sufficient funding needs are identified for out-year spending; and reviewing of PATH Board Process documentation and preparing the FCBA templates, cash flows and NPV analyses for all projects, and identify offsets as necessary. Working on business and financial terms of various types of agreements with other Railroads (Amtrak, New Jersey Transit, Conrail), Ferries, Retail, Advertising, and other third parties as required.
The incumbent will also undertake and supervise cost-benefit analyses including those for new projects, for other and existing initiatives. This position is responsible for securing and overseeing the management of federal funding assistance from the Federal Transit Administration (FTA) and providing the necessary required documentation to federal agencies, and is the departments Federal Emergency Management Association (FEMA) reimbursement coordinator.
Candidates must present the following qualifications to be considered eligible for this position:
Must possess a Bachelors Degree, preferably in Finance, Accounting, or related course work.
Must have a minimum of five (5) years of supervisory experience in Finance or Accounting.
Ideal candidates will present the following profile:
Thorough understanding of transit operations, financing and construction.
Demonstrated ability to make prudent and independent decisions for a Business unit
Thorough knowledge of PA policy and procedures specifically as they relate to Capital and Budget Authorization Process, including Proposal Memosand Memoranda of Justification.
Demonstrated experience applying the use of financial analysis, as well as detailed knowledge of the PAs Capital Program Management System.
Demonstrated experience with financial analysis and legal issues and knowledge of Federal and Local funding sources.
Excellent analytical skills and political acumen.
Demonstrated experience with project management and working with internal and external stake holders to achieve project goals
Demonstrated experience with business and financial analysis, cost/schedule estimating, and have thorough knowledge of current technology trends.
Excellent oral and written communications and presentations skills.Excellent interpersonal skills, effective motivational skills, and experience in successfully working with diverse employee groups and organizations.
Demonstrated ability to interact successfully with all levels of management staff, and external contacts and agencies.
Understanding of all FTA policies and ensure that PATH follow all policies to ensure the timely receipt of Grant Funding
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive salary, an outstanding benefits package and a professional environment that supports development and recognizes achievement.
How To Apply
Interested candidates should apply to this job by clicking on the Apply Now button and submitting a combined cover letter and resume.
Only applicants under consideration will be contacted.
About The Port Authority
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.
EQUAL OPPORTUNITY EMPLOYER
The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.
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