Principal Financial Analyst

Description

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 Analyst 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 Principal 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, including developing budget planning documents, labor rates, identifying budgetary issues and challenges, and collaborating with OCSO departments and external partners to resolve issues.

• Prepare financial performance results and other analyses to OCSO and agency leadership, highlighting and communicating significant variances from plan and recommending strategies for management action.

• 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 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

• Bachelor’s degree in Finance, Accounting, Operations Management, Public Policy, or a related field.

• At least three years of experience in complex financial analysis, budgeting, and operational analyses within a large organization.

• Excellent oral and written presentation skills, with the ability to present and discuss financial information clearly.

• Expertise with desktop applications, such as Word, Excel, and PowerPoint.

• Strong analytical experience.

Desired

• A Master’s Degree in a related field.

• Experience working with cross-functional teams to deliver projects.

• Experience in performing financial analyses, continuous improvement initiatives, and project management.

• Experience with the Port Authority’s financial processes or similar at a similar sized organization.

• Ability to effectively interact with executive staff, including police supervisors.

• Experience with corporate financial systems and proficiency with Office 365, Power BI, and Tableau.