Principal Financial Analyst

Description

Position at The Port Authority of NY & NJ

The Office of the Chief Security Officer (OCSO) is a critical asset of the Port Authority mission, responsible for providing the highest quality public safety, facility security operations, security program management, emergency management, and airport rescue and firefighting training. Over 2,000 employees ensure the safe movement of the Port Authority's customers, partners, employees, and stakeholders daily.

The mission of Resource Management & Planning (RMP) is to support the delivery of quality services that fulfill the OCSO mission and Agency objectives by establishing, implementing, and monitoring resource management policies and programs for all departments reporting to the OCSO.

About the role

The Principal Financial Analysis is a key member of the RMP Financial & Business planning team who is responsible for developing, analyzing and financially managing the $800M annual budget for the Office of the Chief Security Officer including 19 Public Safety Units / Commands and 6 Civilian Security departments. The successful candidate will handle various reporting and analysis tasks utilizing Power BI or Tableau financial reporting tools, redevelopment reimbursement projects, and the police department workforce model. This role requires strong analytical skills, attention to detail, and managing complex projects with multiple stakeholders. The Pr. Financial Analyst will work closely with the Grants and Resource team to reconcile grant reimbursements with the annual financial budget and collaborate with other RMP teams to deliver the mission of RMP.

Responsibilities

• Workforce Modeling : Develop and maintain the police department workforce model to support long-term resource planning and allocation strategies.
• Advanced Financial Reporting : Lead the design, implementation, and maintenance of Power BI or Tableau financial reporting tools to ensure real-time data accessibility for key stakeholders.
• Prepare analysis of OCSO Department's expense budget development and submissions to ensure alignment with agency guidelines, priorities and fiscal responsibility. This includes developing budget planning documents, labor rates, identifying budgetary issues and challenges, developing appropriate analyses and recommendations, and collaborating with the OCSO departments and external partners to problem solve and ultimately resolve any issues.
• Prepare financial performance results (particularly operating and capital expenses, workload analysis for both Public Safety and Civilian) and other analyses (staffing assessments and allocations, productivity analysis, and OCSO expenses for capital projects support etc.) to OCSO and agency leadership, including highlighting and communicating significant variances from plan, and recommending strategies to address areas where management action may be necessary.
• Redevelopment Project Financial Management : Manage financial tracking, analysis, and reimbursement processes for ongoing redevelopment projects across multiple facilities.
• Process Improvement and Innovation : Identify and implement process improvements to enhance efficiency and reduce manual workload for financial and operational reporting.
• Collaborate with the Grants team to ensure all grant-funded projects are appropriately financially managed, aligned with agency guidelines, and tracked for compliance and reporting purposes
• Identify challenges and opportunities in reporting, analysis, budgeting, and routine processes to propose improvement opportunities and establish data-driven decision-making.
• Collaborate with other teams within the OCSO and across the agency.
• Perform cost analysis for new initiatives.
• Ad-hoc tasks as needed.

Qualifications

financial information in a clear and informative manner.

Desired

Proficient in performing financial analyses, including what-if scenarios, and cost benefit analyses.

Salary : $800