Job details

Assistant Director - Capital Financial Planning

Job Description

TASK FORCE: Capital Financial Planning

UNIT: Capital Financial Planning

JOB TITLE: One (1) Assistant Director

CONTROL CODE: CFP-25-03

SUMMARY:

The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of approximately 90 City agencies and entities.

Within OMB, the Capital Financial Planning Unit has primary oversight responsibilities for all agencies on budget and policy issues relating to Capital Budget Management, including the formation of Capital Planning Strategies with Senior Administration Officials. It acts as the liaison for the Administration in negotiating the modification and adoption of the Capital Budget with the Borough Presidents and City Council. The Capital Financial Planning Unit is responsible for the forecast and monitoring of Capital Cash Flow used to project long-term borrowing for New York City’s financing program. The Unit is also responsible for the preparation of all City Charter Mandated Capital Budget Publications and well as the development, maintenance, and security of the Capital Budget areas of the City’s Financial Management System.

JOB DESCRIPTION:

The duties of the position include the following:

- Lead and manage the Capital Financial Planning Unit,
- Oversee the development of the Capital Financial Plan, Commitment Plan, Capital Budget, and Ten-Year Capital Strategy.
- Coordinate with OMB taskforces and outside agencies on various budget issues related to the Capital Budget.
- Act as the primary liaison and budget expert for the adoption and modification of the Capital Budget with the Borough Presidents and City Council.
- Oversee the coordination of the development of system assurance reports for the financial plan process and create ad-hoc reports as requested.
- Develop and support with appropriate analyses, recommendations for action related to the capital budget and plan.
- Ensure staff is fully trained and briefed on issues and deadlines and provide periodic and appropriate feedback and guidance to staff to assure optimal performance.
- Provide expert advice and guidance on capital budget processes to OMB staff and outside agency personnel.

QUALIFICATIONS:

- Exceptional organizational, research, problem solving, and analytical skills.
- Outstanding written and spoken communications skills, including public speaking and presentation.
- Must possess strong computer technology skills including a proficiency in Microsoft Office software (Word, Excel, Access, and PowerPoint) and the ability to learn new technology quickly.
- In-depth knowledge and expertise in the City’s financial management system (FMS), including programming of all system processes, for capital budget publications and budget structure maintenance.
- Ability to work calmly and proficiently under pressure and to adhere to strict deadlines.
- Ability to work independently as a self-motivator and to motivate others as a leader of a team and to work with minimal supervision.

REQUIREMENTS:

Assistant Director ($161,841): Bachelor's or Master’s degree in Finance, Business, Economics, Public Policy Analysis/Administration or related field and a minimum of ten years of full time experience in capital budgetary planning/management, financial analysis and cash flow management. Applicants must also possess at least five years of supervisory experience.

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 individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Average salary estimate

$161841 / YEARLY (est.)

min

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$161841K

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What You Should Know About Assistant Director - Capital Financial Planning, City of New York

Are you ready to take on a leadership role in one of New York City's pivotal financial planning teams? The Mayor’s Office of Management and Budget (OMB) is searching for an enthusiastic Assistant Director for the Capital Financial Planning Unit. In this exciting position, you’ll lead a dedicated team managing the Capital Financial Plan, Commitment Plan, and Capital Budget. You’ll collaborate with various city agencies and serve as the key liaison for the Borough Presidents and City Council regarding budget modifications. Your expertise will be essential in forecasting capital cash flow to project long-term borrowing, ensuring the financial well-being of numerous city services. As a preferred candidate, you will be responsible for equipping your team with the necessary skills and knowledge, enabling them to excel in their roles while navigating complex budget processes. If you have a passion for public service and possess sharp analytical and problem-solving skills, coupled with a strong background in financial management, then this opportunity could be your next big career move with the City of New York. You’ll also create system assurance reports and adapt analyses to support timely decision-making. With a minimum of ten years' experience in capital budgetary planning and financial analysis, alongside a track record of successful team leadership, this position allows for a meaningful impact on the financial landscape of New York City. Join us in making a difference where it matters most!

Frequently Asked Questions (FAQs) for Assistant Director - Capital Financial Planning Role at City of New York

What are the main responsibilities of the Assistant Director - Capital Financial Planning at OMB?

The Assistant Director - Capital Financial Planning at the City of New York has key responsibilities including leading the Capital Financial Planning Unit, overseeing the development of the Capital Financial Plan and Budget, and coordinating with various city agencies on budget issues. This role requires strong leadership and the ability to act as the primary liaison for budget modifications with the Borough Presidents and City Council.