Principal Financial Analyst

Description Responsibilities The Office of Financial Planning (OFP) ensures that business transactions and investment decisions are thoroughly analyzed and structured; impacts of financial transactions and decisions are understood, and investments are prioritized such that the Port Authority’s sound financial position and credit quality is maintained and its capital is deployed to meet the critical transportation needs of the region.
In addition, OFP manages the Integrated Financial Model (IFM) for the Port Authority.
Responsibilities The Office of Financial Planning (OFP) ensures that business transactions and investment decisions are thoroughly analyzed and structured; impacts of financial transactions and decisions are understood, and investments are prioritized such that the Port Authority’s sound financial position and credit quality is maintained and its capital is deployed to meet the critical transportation needs of the region.
In addition, OFP manages the Integrated Financial Model (IFM) for the Port Authority.
Under the supervision of a Supervising Financial Analyst, the selected candidate will serve as a Principal Financial Analyst in the Office of Financial Planning (OFP).
In this role, the selected candidate would be responsible for a) the financial due diligence of transactions for various departments, b) supporting OFP’s agency-wide forecasting efforts and assessment of capital capacity, c) assessing the creditworthiness of existing and prospective Port Authority counterparties, and d) supporting various other projects on an ad hoc basis, including projects related to debt issuance, compliance, procurement, and economic data.
Specifically, the selected candidate will be tasked with the following: Transactional (Financial) Due Diligence : Review lease agreements, capital projects, and general business transactions under consideration by the Agency to validate underlying assumptions and analysis, identify key risks, compare competing offers, and where appropriate seek more beneficial terms.
Candidates must be comfortable with reviewing and developing cost-benefit, cash flow, and NPV analyses – as well as critically assessing and communicating key business terms.
Financial Forecasting : Monitor financial trends across the line departments to provide input into the Agency’s Integrated Financial Model (IFM) and support the quarterly presentation of agency-wide Long Range Forecast updates to the Board and executive staff.
The IFM is a comprehensive agency-wide financial model that is used to determine the Port Authority’s capital capacity available to continue investing in our facilities while maintaining our strong credit and financial health.
This responsibility includes tracking key revenue sources, such as fixed and variable rent payments, grant funds, and facility charges – as well as the capital, operating, and maintenance expenses incurred by departments.
Credit Review : Review the creditworthiness of existing and potential Port Authority counterparties by researching and compiling key credit metrics for relevant industries (e.
g.
, airline, construction, etc.
).
Perform financial statement analyses to derive key credit metrics for respondents to Port Authority procurements in order to appropriately assign risk to prospective contractors and associated projects.
Perform similar analyses to appropriately size security (e.
g.
, letters of credit) for existing and prospective tenants at Port Authority facilities.
Ad-hoc Project Suppor t: Perform analytical tasks across OFP on an as-needed basis.
Examples include assisting in the preparation of the Additional Bonds Test required for the issuance of Consolidated Bonds and any auditing requests related to these Tests, assisting in workstreams that ensure compliance with legal, regulatory, and audit requirements, assessing procurement-related strategies and bids, and analyzing, compiling, and maintaining general economic data for departmental use.
These projects may entail inter-departmental collaboration, especially with other finance departments, and could involve developing a detailed understanding of other departments’ processes and outputs.
QUALIFICATIONS : Candidates must present the following qualifications to be considered eligible for this position: Bachelor’s degree from an accredited college or university with a focus on Finance, Business, Economics, or a related field.
Three to five years’ experience assisting in structuring and reviewing complex financial transactions with a focus on public infrastructure.
Detailed understanding of financial structures, with exposure to public finance, public-private partnerships, valuation, and lease agreements – and the ability to construct financial models underpinning the key terms of these transactions.
Experience reviewing financial statements and assessing counterparty risk.
DESIRED : Ideal candidates will present the following profile: Master’s Degree from an accredited college or university with a focus on Finance, Business, Economics, Public Administration, or related field.
Experience with Port Authority’s financial, operating, and capital budgeting and accounting and reporting structure and systems, or similar processes and systems at similarly sized or larger Agencies/companies.
Strong oral and written presentation skills and the ability to interact effectively with Port Authority staff at all levels.
Under the supervision of a Supervising Financial Analyst, the selected candidate will serve as a Principal Financial Analyst in the Office of Financial Planning (OFP).
In this role, the selected candidate would be responsible for a) the financial due diligence of transactions for various departments, b) supporting OFP’s agency-wide forecasting efforts and assessment of capital capacity, c) assessing the creditworthiness of existing and prospective Port Authority counterparties, and d) supporting various other projects on an ad hoc basis, including projects related to debt issuance, compliance, procurement, and economic data.
Specifically, the selected candidate will be tasked with the following: Transactional (Financial) Due Diligence: Review lease agreements, capital projects, and general business transactions under consideration by the Agency to validate underlying assumptions and analysis, identify key risks, compare competing offers, and where appropriate seek more beneficial terms.
Candidates must be comfortable with reviewing and developing cost-benefit, cash flow, and NPV analyses – as well as critically assessing and communicating key business terms.
Financial Forecasting: Monitor financial trends across the line departments to provide input into the Agency’s Integrated Financial Model (IFM) and support the quarterly presentation of agency-wide Long Range Forecast updates to the Board and executive staff.
The IFM is a comprehensive agency-wide financial model that is used to determine the Port Authority’s capital capacity available to continue investing in our facilities while maintaining our strong credit and financial health.
This responsibility includes tracking key revenue sources, such as fixed and variable rent payments, grant funds, and facility charges – as well as the capital, operating, and maintenance expenses incurred by departments.
Credit Review: Review the creditworthiness of existing and potential Port Authority counterparties by researching and compiling key credit metrics for relevant industries (e.
g.
, airline, construction, etc.
).
Perform financial statement analyses to derive key credit metrics for respondents to Port Authority procurements in order to appropriately assign risk to prospective contractors and associated projects.
Perform similar analyses to appropriately size security (e.
g.
, letters of credit) for existing and prospective tenants at Port Authority facilities.
Ad-hoc Project Support: Perform analytical tasks across OFP on an as-needed basis.
Examples include assisting in the preparation of the Additional Bonds Test required for the issuance of Consolidated Bonds and any auditing requests related to these Tests, assisting in workstreams that ensure compliance with legal, regulatory, and audit requirements, assessing procurement-related strategies and bids, and analyzing, compiling, and maintaining general economic data for departmental use.
These projects may entail inter-departmental collaboration, especially with other finance departments, and could involve developing a detailed understanding of other departments’ processes and outputs.
QUALIFICATIONS: Candidates must present the following qualifications to be considered eligible for this position: Bachelor’s degree from an accredited college or university with a focus on Finance, Business, Economics, or a related field.
Three to five years’ experience assisting in structuring and reviewing complex financial transactions with a focus on public infrastructure.
Detailed understanding of financial structures, with exposure to public finance, public-private partnerships, valuation, and lease agreements – and the ability to construct financial models underpinning the key terms of these transactions.
Experience reviewing financial statements and assessing counterparty risk.
DESIRED: Ideal candidates will present the following profile: Master’s Degree from an accredited college or university with a focus on Finance, Business, Economics, Public Administration, or related field.
Experience with Port Authority’s financial, operating, and capital budgeting and accounting and reporting structure and systems, or similar processes and systems at similarly sized or larger Agencies/companies.
Strong oral and written presentation skills and the ability to interact effectively with Port Authority staff at all levels.
How to Apply: Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a resume.
The Port Authority of NY & NJ welcomes veteran and military spouse applications.
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 twenty three billion in annual wages and eighty 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.