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Director Financial Operations (Budget & Planning)

Job ID: 11939

Business Unit: MTA Construction & Development

Regular/Temporary: Regular

Department: Finance Operations

Date Posted: Jun 4, 2025

Description

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

JOB TITLE:

Director , Financ ial Operation s (Budget & Planning)

AGENCY:

Construction & Development

DEPT/DIV:

Operations\Finance Operations

REPORTS TO:

Senior Vice President Finance Operations

WORK LOCATION:

2 Broadway

HOURS OF WORK:

8 : 3 0 AM to 5: 0 0 P M or as required (7.5HR/ DAY )

HAY POINTS:

954

SALARY RANGE:

$129,018 to $175,651

DEADLINE:

Open Until Filled

S ummary

The Director of Financ ial Operations (Budget & Planning) will serve as a key strategic leader, overseeing the financial planning, management, and reporting functions for the Construction & Development (C&D) department. This role is responsible for developing, implementing, and maintaining the consolidated operating budget, encompassing both reimbursable and non-reimbursable labor and non-labor categories.

The Director will lead the preparation and submission of three annual financial plans and ensure the accurate upload of budget and actual month-end results into Hyperion in alignment with established deadlines and reporting standards. This includes active oversight of Hyperion system submissions, actual integration, and data quality management.

In addition, the Director will review and approve invoices, ensuring proper accounting treatment and validating all charges for accuracy and compliance. The role also includes responsibility for monthly and year-end financial reporting, including accruals, variance analysis, and cash flow reporting.

Responsibilities

Key responsibilities include leading the development of annual and mid-year financial plans across approximately 170 Responsibility Centers, partnering with business units to evaluate new funding needs, and facilitating forecast discussions to support strategic and operational decision-making.

The Director will work closely with the Hyperion/IT team and the Central Finance Tower to ensure financial systems are functioning optimally, data integrity is maintained, and new applications are tested and implemented effectively. Additional responsibilities include enhancing financial processes, ensuring compliance with General Accepted Accounting Principles and internal policies, mitigating financial risks, and identifying opportunities to drive process improvements and strategic financial insights.

Leads the end-to-end development, versioning, and upload of baseline and mid-year financial plans within Hyperion Planning, ensuring compliance with internal budget control protocols and enterprise-level reporting standards. Partners with functional leads to conduct iterative forecast updates using driver-based modeling and assumption tracking to align financials with dynamic operational requirements.

Oversees Hyperion Actuals integration using smart load routines and data mapping between PeopleSoft Financials and Essbase cube structures, ensuring journal-level accuracy across labor, non-labor, and capital expenditure accounts. Investigate source-to-target variances and resolve ETL discrepancies through coordination with the Hyperion support team.

Prepares and submits complex financial submission templates and supporting documentation to the MTA Office of Management and Budget (OMB), adhering to regulatory data standards and ensuring all uploads are aligned with current fiscal year financial planning assumptions, variance thresholds, and audit readiness requirements.

Develops and distributes multi-dimensional variance analysis reports leveraging Hyperion Smart View and custom Excel-based macros. Analyzes trends across labor classifications, overhead allocations, and cost object hierarchies while ensuring alignment with GL structures and Responsibility Center (RC) mappings.

Works in partnership with the Hyperion development team to manage metadata refreshes, business rule logic, calc script optimization, and member formula validation, ensuring financial integrity across all plan types and scenario versions. Leads UAT cycles and regression testing for new functionality and system patches to ensure alignment with C&D financial policies and enterprise performance reporting needs.

Reviews and approves invoices, ensuring compliance with procurement policy, budget appropriations, RC assignment, and object code classification. Triages discrepancies via workflow escalations and coordinates with teams for resolution.

Prepares Control Self-Assessments (CSAs) with a focus on internal control testing and financial risk mitigation. Conduct control walkthroughs and substantive testing procedures to confirm appropriate budget justification, accuracy of labor plans, compliance with zero-based budgeting methodology, and proper recording of actuals per GL and capital expenditure standards.

Education and Experience

A bachelor’s degree in business, finance, public administration, accounting, economics or equivalent, or a related field is required.

Master’s degree in business, finance, planning, public administration, accounting, economics, or related field preferred.

Minimum 12 years of experience in business, finance, public administration, accounting, economics or equivalent, or a related field required.

Minimum 8 years of managerial experience required.

Familiarity with the MTA’s operating agencies

Familiarity with the MTA’s policies and procedures

Excellent organizational and presentation skills.

Excellent communication and interpersonal skills.

Demonstrated supervisory and leadership capabilities.

Demonstrated ability to problem-solve creatively .

Demonstrated ability to work with all levels of an organization.

Demonstrated ability to work effectively in a high - profile, high-pressure, fast-paced environment.

Demonstrated ability to communicate effectively with key internal and external stakeholders.

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”).

Selection Criteria

Based on evaluation of education, skills, experience, and interview.

How to Apply

MTA employees must apply via My MTA Portal. You can submit an online application by logging into My MTA Portal, clicking the My Job Search ribbon, and selecting the “Careers” link. Logging in through My MTA Portal will link your BSC ID number to your job application to identify you as an internal applicant.

Equal Employment Opportunity

MTA and its subsidiary and affiliated agencies are equal opportunity employers, including those with respect to veteran status and individuals with disabilities.

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