What are the responsibilities and job description for the Analyst - Pension Analysis position at City of New York?
DIVISION : Workforce Office of Budget Review Info Systems and Technology Management
TASK FORCE / UNIT : Pension Analysis
JOB TITLE : One (1) Analyst / Senior Analyst / Supervising Analyst
CONTROL CODE : LMP2401
SUMMARY :
The Mayors Office of Management and Budget (OMB) is the City governments chief financial agency. OMBs staff of analysts and experts assembles and oversees the Mayors expense and capital budgets which fund the services and activities of approximately 90 City agencies and entities.
The Pension Analysis Task Force is responsible for monitoring and analyzing the valuation of New York Citys five actuarial pension funds which cover more than 730000 active employees and retirees and have assets of $195 billion. This task force oversees the Citys $10 billion contribution to these funds and analyze approximately $235 billion in actuarial liabilities. In addition this unit is responsible for monitoring and managing the Citys Deferred Compensation Plan (DCP) which covers more than 250000 accounts and have assets of over $30 billion.
JOB DESCRIPTION :
The duties of this position encompass the following activities :
Create complex financial models to estimate the impact of changes in retirement benefits on required contributions.
Analyze and reconcile actuarial valuations and projections prepared by the Office of the Actuary.
Analyze actuarial assumptions and methods; required and proposed accounting disclosures and the status of retirement plans
Review fiscal notes prepared by the Chief Actuary.
Monitor the status of actuarial experience studies and audits.
Monitor pension asset performance perform cost analyses pertaining to collective bargaining agreements and evaluate proposed pension legislation.
Review and monitor DCPs asset performance and communication and assist with investment manager selection.
Prepare and present reports to senior management.
Work on special projects as needed.
QUALIFICATIONS :
Previous actuarial / budget / finance experience is strongly preferred.
Strong attention to detail as well as superb analytical and quantitative skills.
Ability to work calmly and proficiently under pressure and to adhere to strict deadlines.
Able to work effectively individually and / or in a team environment.
Excellent written verbal and interpersonal communication skills.
Must be proficient in Microsoft Word Excel and PowerPoint.
Must be able to work late nights and weekends as needed.
REQUIREMENTS :
Analyst ($74893) : Bachelors degree in Business Finance Economics Public Policy Analysis / Administration or a subject related to the specific assignment and a minimum of two years of budgetary planning / management financial analysis public policy analysis / administration or a related field; or an awarded Masters degree in Financial Management Business Public Administration or a field related to the specific assignment.
Senior Analyst ($84257) : Bachelors degree in Business Finance Economics Public Policy Analysis / Administration or a subject related to the specific assignment and a minimum of three years of fulltime experience in budgetary planning / management economic development financial analysis public policy analysis / administration or a related field; or an awarded Masters degree in Business Public Policy Administration Finance Economics or related field and one year of relevant experience.
Supervising Analyst ($95208) : Bachelors degree and a minimum of four years of fulltime experience in budgetary planning / management accounting financial analysis public policy analysis or a related field or an awarded Masters degree in Business Public Administration Finance Economics or a related field and two years of relevant experience.
BUDGET ANALYST (OMB) 06088
Qualifications :
1. A baccalaureate degree from an accredited college.
Additional Information :
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic including but not limited to an individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.
Remote Work : Employment Type :
Fulltime
Key Skills
AED,Design Management,Business Analysis,Business Administration,Apache
Vacancy : 1
Salary : $95,208
