Manager Pension Finance Report - MTA
New York, NY
About the Job
Manager Pension Finance Report
Job ID: 9144
Business Unit: MTA Headquarters
Location: New York, NY, United States
Regular/Temporary: Regular
Department: General and Technical Accting
Date Posted: Oct 16, 2024
Description
JOB TITLE : Manager, Pension Finance Reporting
SALARY RANGE : $92,700 - $105,000
HAY POINTS : 588
DEPT/DIV : General & Technical Accounting
SUPERVISOR : Senior Manager Pension Finance
LOCATION : 2 Broadway, 10th Floor
HOURS OF WORK : 9:00 am - 5:30 pm (7 1/2 hours/day)
DEADLINE : Open until filled
This position is eligible for telework which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.
SUMMARY :
In the Consolidated Pension unit, this position will provide support to the Assistant Comptroller of Consolidated Pensions and is involved with the centralized administration and coordination of pension activities related to monthly and year-end reporting of six (6) Pension and Benefits Plan audits. Provide internal consulting, subject matter expertise and benchmarking with respect to pension finance, knowledge transfer to staff working in the pension department. Identify and implement enhancements in processing protocols to assure compliance, efficiencies, accuracy, cost savings and security. Manage scheduled projects that must be performed either independently or in coordination with pension staff and supervise “indirect reporting staff” through the life of the projects.
RESPONSIBILITIES :
+ Assist in the preparation of the year-end Plan financial reports for 6 (six) Pension Plans including the Management and Discussion Analysis, footnotes and fluctuation analysis, as required.
+ Work closely with MaBSTOA Loan Desk team/operations. Provide guidance to Pension staff to effectively perform the required duties, with the ability to: Identify inconsistencies with pension loan repayments, loan fees and interest; Monitor non-performing loans and ensure appropriate action is taken for year-end reporting; Work with MTA-IT, custody bank and Loans Desk to correct loan system and contribution errors.
+ Review the activities and monthly reporting with regards to death benefit, post-retirement death benefits and return of contributions disbursement for the MaBSTOA Pension Plan. Will also be responsible for reviewing the MaBSTOA and the MTA DB Disbursement team’s monthly disbursement reconciliations concurrently for adjustments and posting of journal entries for the general ledger.
+ Perform audits to assess compliance with procedures for all six (6) Benefits and Pension Plans, recommend improvements and alert Supervisor of any matters revealed during audits and independent investigations.
+ Establish and continually review internal controls to ensure policies and procedures are applied and significant risks are mitigated.
+ Undertake and review actions to investigate and resolve problems in systems, processes and services. Assess problem fixes/remedies. Assist with the implementation of agreed upon remedies and preventative measures. Also responsible for understanding business processes and troubleshooting system-related issues.
+ Perform special projects and ad-hoc financial reporting requests as required while overseeing the monthly analysis of the Plans consolidated investment accounts that impact the Benefits and Pension Plans financial statements.
+ Perform research on new accounting pronouncements and assess impact on implementation to the overall Benefits and Pension Plans financial reporting process.
+ Other duties as assigned.
KNOWLEDGE, SKILLS, AND ABILITIES
+ Must have strong knowledge of Pension Accounting and Finance.
+ Must have knowledge of Custody banking and investments.
+ Excellent communication and interpersonal skills.
+ Excellent organizational and presentation skills.
+ Demonstrated ability to work with all internal levels within the organization.
+ Proficiency in and/or ability to communicate effectively with various MTA agencies, the Custodian and other stakeholders.
+ Proven ability to build effective partnership relationships with the different.
+ Pension Group heads and managers across the various Benefits and Pension teams.
+ Demonstrated ability to work in a high-profile, high-pressure environment effectively.
+ Demonstrated ability to complete short- and long-term projects effectively and as efficiently as possible.
+ Demonstrated analytical capabilities and quantitative skills.
+ Demonstrated proficiency in Microsoft Office Suite or comparable applications, i.e., Word, Excel, PowerPoint, and Outlook
EDUCATION AND EXPERIENCE :
Required:
+ Bachelor’s degree in Business , Accounting, Finance, or a related field.
+ Minimum 5 years of experience in Accounting, Audit or Finance, which includes knowledge of automated financial systems.
+ Minimum of three years of supervisory experience in Accounting, Audit or Finance group.
Preferred:
+ Must possess the ability to provide effective and timely decisions on accounting issues and problems as they relate to GAAP.
+ Knowledge of FASB / GASB pronouncements preferred.
+ Demonstrated supervisory and/or leadership abilities.
+ CPA preferred.
OTHER INFORMATION:
Pursuant to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the “Commission”).
Equal Employment Opportunity
MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities.
The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.
Job ID: 9144
Business Unit: MTA Headquarters
Location: New York, NY, United States
Regular/Temporary: Regular
Department: General and Technical Accting
Date Posted: Oct 16, 2024
Description
JOB TITLE : Manager, Pension Finance Reporting
SALARY RANGE : $92,700 - $105,000
HAY POINTS : 588
DEPT/DIV : General & Technical Accounting
SUPERVISOR : Senior Manager Pension Finance
LOCATION : 2 Broadway, 10th Floor
HOURS OF WORK : 9:00 am - 5:30 pm (7 1/2 hours/day)
DEADLINE : Open until filled
This position is eligible for telework which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.
SUMMARY :
In the Consolidated Pension unit, this position will provide support to the Assistant Comptroller of Consolidated Pensions and is involved with the centralized administration and coordination of pension activities related to monthly and year-end reporting of six (6) Pension and Benefits Plan audits. Provide internal consulting, subject matter expertise and benchmarking with respect to pension finance, knowledge transfer to staff working in the pension department. Identify and implement enhancements in processing protocols to assure compliance, efficiencies, accuracy, cost savings and security. Manage scheduled projects that must be performed either independently or in coordination with pension staff and supervise “indirect reporting staff” through the life of the projects.
RESPONSIBILITIES :
+ Assist in the preparation of the year-end Plan financial reports for 6 (six) Pension Plans including the Management and Discussion Analysis, footnotes and fluctuation analysis, as required.
+ Work closely with MaBSTOA Loan Desk team/operations. Provide guidance to Pension staff to effectively perform the required duties, with the ability to: Identify inconsistencies with pension loan repayments, loan fees and interest; Monitor non-performing loans and ensure appropriate action is taken for year-end reporting; Work with MTA-IT, custody bank and Loans Desk to correct loan system and contribution errors.
+ Review the activities and monthly reporting with regards to death benefit, post-retirement death benefits and return of contributions disbursement for the MaBSTOA Pension Plan. Will also be responsible for reviewing the MaBSTOA and the MTA DB Disbursement team’s monthly disbursement reconciliations concurrently for adjustments and posting of journal entries for the general ledger.
+ Perform audits to assess compliance with procedures for all six (6) Benefits and Pension Plans, recommend improvements and alert Supervisor of any matters revealed during audits and independent investigations.
+ Establish and continually review internal controls to ensure policies and procedures are applied and significant risks are mitigated.
+ Undertake and review actions to investigate and resolve problems in systems, processes and services. Assess problem fixes/remedies. Assist with the implementation of agreed upon remedies and preventative measures. Also responsible for understanding business processes and troubleshooting system-related issues.
+ Perform special projects and ad-hoc financial reporting requests as required while overseeing the monthly analysis of the Plans consolidated investment accounts that impact the Benefits and Pension Plans financial statements.
+ Perform research on new accounting pronouncements and assess impact on implementation to the overall Benefits and Pension Plans financial reporting process.
+ Other duties as assigned.
KNOWLEDGE, SKILLS, AND ABILITIES
+ Must have strong knowledge of Pension Accounting and Finance.
+ Must have knowledge of Custody banking and investments.
+ Excellent communication and interpersonal skills.
+ Excellent organizational and presentation skills.
+ Demonstrated ability to work with all internal levels within the organization.
+ Proficiency in and/or ability to communicate effectively with various MTA agencies, the Custodian and other stakeholders.
+ Proven ability to build effective partnership relationships with the different.
+ Pension Group heads and managers across the various Benefits and Pension teams.
+ Demonstrated ability to work in a high-profile, high-pressure environment effectively.
+ Demonstrated ability to complete short- and long-term projects effectively and as efficiently as possible.
+ Demonstrated analytical capabilities and quantitative skills.
+ Demonstrated proficiency in Microsoft Office Suite or comparable applications, i.e., Word, Excel, PowerPoint, and Outlook
EDUCATION AND EXPERIENCE :
Required:
+ Bachelor’s degree in Business , Accounting, Finance, or a related field.
+ Minimum 5 years of experience in Accounting, Audit or Finance, which includes knowledge of automated financial systems.
+ Minimum of three years of supervisory experience in Accounting, Audit or Finance group.
Preferred:
+ Must possess the ability to provide effective and timely decisions on accounting issues and problems as they relate to GAAP.
+ Knowledge of FASB / GASB pronouncements preferred.
+ Demonstrated supervisory and/or leadership abilities.
+ CPA preferred.
OTHER INFORMATION:
Pursuant to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the “Commission”).
Equal Employment Opportunity
MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities.
The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.
Source : MTA
