Analyst, Budget (Capital Projects) at New York City Economic Development Corporation

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Economic Development, GovernmentIndustries

Requirements

Bachelor’s degree in Accounting, Finance, Business, Economics, Math, or related field
Demonstrated communication skills including verbal, written, and presentation
Detail-oriented with the ability to work accurately with numerical information
Proven analytical skills and uses a data-driven approach to assess issues and recommend solutions
Ability to track and manage competing priorities across a portfolio of several projects
Ability to respond to requests for information promptly
Proficiency in Microsoft Office (Microsoft Excel is a must) and databases
New York City residency is required within 180 days of hire

Responsibilities

Coordinate all budget activities and documents for assigned projects and programs, communicating with stakeholders including project managers, senior management, other City agencies, City Hall, and elected officials’ offices
Assist in the preparation of the expense and capital budgets
Use the City’s Financial Management System (FMS) and internal systems to reconcile project budgets periodically and work with the Accounting Department to correct discrepancies
Guide project managers through the City’s and NYCEDC’s various approval processes, prepare submission documents to the Office of Management and Budget (OMB) and the City Comptroller for review, and act as budget liaison with these and other City entities to ensure timely approvals
Review project contracts, change orders, amendments, and payments for both construction and consulting services
Accurately track and monitor obligations and the use of resources through the review of financial data, and provide analyses on the corporation’s budget requests and allocations
Present recommendations on project and expense budgets as well as status updates to senior management
Coordinate closely with the financial planning team to ensure the effective integration of program and project budgets into the corporate financial plan
Provide expert advice as well as customer support to the entire corporation on budget-related matters
Other duties as assigned

Skills

Key technologies and capabilities for this role

Budget CoordinationCapital BudgetingFinancial ReconciliationFMSContract ReviewChange OrdersFinancial AnalysisStakeholder CommunicationOMB Submissions

Questions & Answers

Common questions about this position

What qualifications are required for the Analyst, Budget (Capital Projects) role?

A Bachelor’s degree in Accounting, Finance, Business, Economics, Math, or related field is required, along with demonstrated communication skills, detail-orientation with numerical information, proven analytical skills, ability to manage competing priorities, and responsiveness to requests.

What is the salary for this position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What does the work environment or team collaboration look like at NYCEDC?

The role involves working closely with other NYCEDC departments, partners, project managers, senior management, City agencies, City Hall, and elected officials, acting as a budget liaison across various entities.

What makes a strong candidate for this budget analyst role?

Strong candidates will have a relevant Bachelor’s degree and demonstrate excellent communication, analytical skills, detail-orientation with numbers, ability to manage multiple projects, and a data-driven approach to problem-solving.

New York City Economic Development Corporation

Supports community development and job creation

About New York City Economic Development Corporation

New York City Economic Development Corporation focuses on enhancing the economic landscape of New York City by collaborating with local communities. The organization implements various initiatives aimed at developing industries and businesses, which in turn helps to create quality job opportunities. Their approach includes offering training and skill-building programs to equip residents with the necessary tools for employment. Additionally, they invest in essential infrastructure to support these efforts. Unlike other organizations, their mission is specifically centered on community engagement and public investment, ensuring that the benefits of economic development are felt at the neighborhood level. The ultimate goal is to foster strong, vibrant communities through sustainable economic growth.

New York City, New YorkHeadquarters

1991Year Founded

VENTURE_UNKNOWNCompany Stage

Government & Public Sector, Social ImpactIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Professional Development Budget

Wellness Program

Gym Membership

Backup childcare

Flexible Work Hours

Employee Discounts

Risks

Competition from cities like Los Angeles could attract businesses away from NYC.

Maintaining long-term partnerships is challenging, as seen in delayed projects.

Rising demand for tech talent may increase costs for NYCEDC's initiatives.

Differentiation

NYCEDC partners with NYU-led incubators to foster innovation since 2009.

The Pilots at BAT program integrates climate innovation into urban development projects.

NYCEDC collaborates with OpenAI to enhance NYC's AI startup ecosystem.

Upsides

Digital game design incubators attract tech talent and foster innovation in NYC.

Partnership with OpenAI positions NYC as a hub for AI startups.

Atlantic Aviation's agreement extension boosts eco-friendly transportation initiatives.

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