Senior Associate, Finance and Contracts

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.   

Our MissionCreating a vibrant, inclusive, and globally competitive economy for all New Yorkers. 

Department Overview: The NYC Ferry system is a year-round passenger ferry system that launched in 2017 and now carries nearly 7 million riders annually while serving 25 landings on 6 routes. Reporting to the President’s Office, the Ferry Department oversees NYC Ferry on behalf of the City of New York. Our oversight is comprised of contract management and compliance, day-to-day operations, and planning and policy decisions for the system.  The Ferry Department is comprised of approximately 16 individuals who manage the fleet and facilities, operations, contracts and finance, and planning/policy/special projects. We also serve as the coordinator for many other NYCEDC departments to ensure the proper maintenance and operation of ferry infrastructure throughout the city. The Ferry Department contracts a private ferry operator who operates and maintains the ferries, and performs other day-to-day functions like marketing, customer service, and ticketing. 

Position Overview: As a member of the NYC Ferry Department, you will report to the Senior Vice President, Finance and Contracts. You will play a critical role in assisting Department leadership manage the coordination, development, and maintenance of NYC Ferry’s operating and capital budgets, ensuring that NYC Ferry delivers maximum value to New Yorkers and successfully plans for the future. You will directly oversee multiple aspects of an NYC Ferry operating budget that totals about $80 million annually. This includes payments for ferry operations, planning and consulting services, and other internal costs, as well as the reconciliation of revenues across multiple sources, including from passengers, advertising, and other system-generated revenues and from various local, state, and federal funding sources. 

Essential Duties & Responsibilities:

Operating Budget and Planning 

  • Coordinate development and execution of NYCEDC’s operating budget and 5-year financial plan for NYC Ferry. 
  • Prepare and present monthly, quarterly, annual financial reports and variance analyses. 
  • Use reporting and business intelligence tools to reconcile and verify system-generated revenues and farebox receipts across millions of customer transactions. 
  • Support effective and strategic decision making by developing financial models and conducting scenario analysis for potential changes to NYC Ferry that improve operations or enhance efficiencies. 
  • Coordinate with NYC Ferry team members and NYCEDC’s Budget and Grants Management teams to secure and retain operating funding via programs like New York State transit assistance programs and the Federal Highway Administration’s Ferry Boat Program. 

Capital Budget and Planning 

  • Guide NYC Ferry team members through the City’s and NYCEDC’s various approval processes for capital funds. Prepare submission documents to NYCEDC’s Budget and Contracts team for the City’s Office of Management and Budget (OMB) and Comptroller for review; actively work as budget liaison with NYCEDC’s Budget and Contracts teams to ensure approvals are received in a timely manner. 
  • Accurately track and monitor obligations and the use of capital resources through the review of financial data. 
  • Provide guidance and customer support to NYC Ferry project leads on capital budget related matters. 
  • Develop expert-level understanding on State and Federal sources of capital funds and related requirements. Provide support to NYC Ferry projects leads and NYCEDC’s Budget, Contracts, and Grants Management teams to identify, capture, and execute capital improvement opportunities for NYC Ferry. 

Contract Compliance and Administration 

  • Coordinate with NYC Ferry team members to establish and execute processes, reports, and mechanisms that enable enhanced contract oversight. 
  • Draft and manage the execution of agreements and contract amendments in coordination with NYCEDC’s Finance, Legal and Contracts departments. 
  • Other project management and administrative responsibilities, as assigned. 

Requirements:

  • Bachelor’s degree in finance, accounting, public administration, economics, business or a related field or equivalent experience. Master’s degree preferred.  
  • At least two years of experience in budgetary planning or management, financial analysis, or a related field. 
  • Proficiency in Microsoft Excel and other Office products; experience with Power BI or other business intelligence tools is a plus. 
  • Proven quantitative and analytical skills. 
  • Ability to communicate effectively with management, stakeholders, and senior leaders. 
  • Ability to work in a highly collaborative atmosphere with colleagues with diverse perspectives and backgrounds. 
  • Demonstrated attention to detail and organizational skills. 
  • Experience with the City’s budget processes and financial systems is a plus but not required. 
  • Experience with State and Federal funding programs (e.g., NYS STOA, FTA grant programs, FHWA Ferry Program, EPA grant programs, etc.) is a plus but not required. 
  • Have, or have the ability to obtain, a TWIC card (Transportation Worker Identification Credential, reimbursable by NYCEDC). 
  • New York City resident (required within 180 days of hire). 

Salary Range

$87,000 - $89,000 USD

About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy. 

NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balanceWe offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:  

  • Generous employer subsidized health insurance 
  • Medical, dental, and pharmacy plans  
  • Vision and hearing benefits
  • Flexible spending accounts for healthcare and dependent care  
  • Short term and long-term disability coverage
  • 100% employer covered life insurance and supplemental life insurance coverage
  • Up to 25 vacation days
  • Floating Holidays and Summer Fridays
  • Parental leave - up to 20 paid weeks
  • Retirement savings programs
    • Company-paid 401(a) defined contribution plan
    • 457(b) tax-advantaged retirement savings plan
  • Tuition Reimbursement program
  • Continuing education and professional development
  • Public Service Loan Forgiveness (PSLF) eligible employer
  • College savings plan
  • Backup childcare  
  • Gym membership discounts
  • A Calm.com membership for mindfulness and mental health support  
  • Employee discounts through Plum Benefits, Student Loan Servicing tools, and much more   

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization. 

The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents. 

For more information, visit our website at edc.nyc. 

 

 

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