Job Description

Posting number: 26-20215

Department: MBTA - Budget

Division: 022-Budget Operations

Job classification: Budget & Labor Analyst

Posting type: Open/External and Promotional/Internal

Categories: Accounting and Finance

The Budget and Labor Analyst will assist the Deputy Chief Financial Officer (DCFO) and Chief Financial Officer (CFO) with budget reporting and analysis. The analyst will support the development, preparation, evaluation, and submittal of the annual operating budget of the MBTA for approval by the MASSDOT Board of Directors and Fiscal Management and Control Board. The analyst will monitor and track spending of the Authority's annual operating budget; implement and maintain various planning, control reporting mechanisms and presentations related to the Authority's operating budget and capital plans; and prepare statistical and background data for labor negotiations and interest arbitration.

Examples of duties

• Work with the Budget Director, DCFO, CFO, budget, and finance teams to track, analyze, and report on budget trends and variances.
• Perform special studies and participate in projects related to budget, revenue, personnel, and management decisions.
• Maintain all aspects of the operating budget on the Authority's Financial Information Management Systems (PeopleSoft).
• Edit, revise, and maintain a series of custom reports, charts, tables, and presentations to track and monitor departmental and line-item spending.
• Identify issues that require further analyses, providing early notice of problem areas at a high level and at the departmental level.
• Ensure departments conform to their approved budgets and propose efficiencies and cost control measures.
• Work with department heads and their designated representatives to develop, monitor, and evaluate management plans and practices.
• Review operating budget requests submitted by various departments and provide analysis and recommendations on these requests and policy issues.
• Examine and approve purchase requisitions and journal entries in coordination with the accounting office.
• Develop, maintain, and implement methods of analyzing and modeling financial information, responding to requests for both internal and external data.
• Respond to inquiries from various constituencies both internal and external in a courteous and professional manner consistent with the Authority's "Driven by Customer Service" quality standard.
• Perform related duties and prepare materials for presentations and special projects as assigned.
• Act as a liaison to encourage use of technological resources and assisting with the training on new systems.
• Improve various budget related processes and reporting techniques.
• Perform all other duties and projects that may be assigned.

Additional responsibilities may include focus on one or more departments or locations. See applicable addendum for department or location specific functions.

Supervision

• No direct reports.

Qualifications

• A Bachelor's degree from an accredited institution in Business, Finance, Mathematics, Economics, or related field
• Two (2) years of experience in budgeting and/or financial analysis, experience with public sector/ and/or transportation industry.
• Effective organizational, analytical, quantitative, multi-tasking and time management skills.
• Proven proficiency with FMIS (Peoplesoft or other financial systems) and Microsoft applications, including Excel, Word, PowerPoint, and Access.
• Ability to pass a pre-qualification Excel assessment.
• Demonstrated knowledge of financial modeling, analysis, and analytics.
• Excellent customer service skills.

Substitutions

• A High School Diploma or GED with an additional seven (7) years of directly related experience substitutes for the bachelor’s degree requirement
• An Associate's degree from an accredited institution an additional three (3) years of directly related experience substitutes for the bachelor's degree requirement
• A Master's degree in a related subject may substitute for two (2) years of work experience.
• A nationally recognized certification, or statewide/professional certification in a related field substitutes for one year of experience.

Supplemental information

• Experience with public sector/ and/or transportation industry.