City of New York - New York, NY
posted 3 months ago
The NYCHA Information and Technology Department (NYCHA IT) is seeking a highly motivated individual to join the IT Administration team. Under the direction of the Senior Manager of IT Administration, the Budget Analyst will be responsible for supporting the financial activities and budget management for the New York City Housing Authority Information Technology (NYCHA IT) Department. NYCHA IT's mission is to enable NYCHA to provide quality housing by delivering meaningful, innovative, high-performing, cost-effective technology solutions. IT Administration is responsible for the management and development of departmental annual and five-year operating and capital budgets in addition to implementing practices for effective sourcing strategies and maximizing value from existing and future supplier and vendor relationships. The Budget Analyst will play a crucial role in collaborating with various departments to develop annual budgets and financial forecasts. This position requires monitoring budgetary performance by comparing actual results to budgeted projections and providing regular variance analysis reports. The analyst will identify areas of concern or improvement in budgetary processes and provide recommendations for optimization. Additionally, the role involves assisting in the preparation of financial reports, presentations, and analyses for management and stakeholders, as well as conducting cost-benefit analyses to assess the financial impact of proposed projects or initiatives. The Budget Analyst will also assist in the development and implementation of budgeting policies and procedures, stay updated on industry trends, regulations, and best practices related to budgeting and financial management, and develop and maintain financial models to support budgeting and forecasting processes. The position includes preparing budget presentations for senior management and board meetings, coordinating with department heads to gather budget input, and ensuring alignment with organizational goals. Furthermore, the analyst will monitor spending trends, identify opportunities for cost savings or reallocation of resources, conduct financial risk assessments, and recommend strategies to mitigate potential risks. Collaboration with procurement and supply chain teams to optimize purchasing decisions and vendor contracts is also a key responsibility. The analyst will assist in preparing grant proposals and funding requests by providing accurate budgetary information and participate in cross-functional teams to support strategic planning initiatives and special projects. Lastly, the role includes providing training and support to departmental budget managers on budgeting processes and financial reporting tools, as well as performing ad-hoc financial analysis and reporting as requested by management.