Analyst - New York City Municipal Water Finance Authority (NYW)

1 month ago

New York, United States City of New York Full time

Job Description

TASK FORCE: New York City Municipal Water Finance Authority (NYW)

JOB TITLE: One (1) Senior Analyst / Supervising Analyst (Accountant)

CONTROL CODE: WAT-25-01

________________________________________________________________________________

The following is a vacancy that has not previously announced:

NYC Municipal Water Finance Authority (NYCWFA) and other financing entities

SUMMARY:

The New York City Municipal Water Finance Authority (NYW) is a public benefit corporation created in 1985 pursuant to the New York City Municipal Water Finance Act (the Act). NYWs purpose is to finance the capital needs of the water and sewer system of the City of New York (the City) which is operated by the New York City Department of Environmental Protection. NYW is responsible for the accounting and preparation of the Annual Comprehensive Financial Report of the New York Water and Sewer System (the System), which consists of two legal and separate entities: the New York City Water Board and NYW as created by the Act. NYWs staff is also responsible for the accounting and financial reporting of three other City bond financing entities.

JOB DESCRIPTION:

The Senior Analyst / Supervising Analyst will be assigned one or more bond financing entities and report to the Deputy Comptroller overseeing the respective entities. The duties of the position include the following responsibilities:

- Monitor holdings and investments in order to ensure availability of funds necessary for payments, including payments to bondholders, and to provide timely investment instructions.

- Reconcile monthly bank and trust account statements and prepare and record monthly journal entries.

- Prepare, monitor, and update cash forecasts and budgets for receipts and expenditures.

- Analyze and implement new or expected governmental accounting standards that are applicable to NYW or the other bond financing entities.

- Prepare annual financial statements and Annual Comprehensive Financial Reports.

- Assist with the year-end audit, including responding to requests and inquiries from external auditors.

- Coordinate with the financing team, the legal teams, the City Law Department, the City Comptrollers Office and others as needed.

- Prepare payments to vendors in the accounting system and bank payment portal.

- Prepare routine and ad-hoc quantitative analyses and reports as required.

QUALIFICATIONS:

- Strong organizational, quantitative, and communication skills.

- Ability to work independently and manage deadlines.

- Applied experience in implementing accounting standards.

- Experience with government, utilities, and/or bond issuing entities is a plus.

- Familiarity with Microsoft Dynamics 365 Business Central is a plus.

- CPA license preferred.

REQUIREMENTS:

Senior Analyst ($84,257+): Bachelor's degree and a minimum of two years of full-time experience in accounting or a related field; or an awarded Master's degree in Business or Accounting.

Supervising Analyst ($95,208): Bachelor's degree and a minimum of four years of full-time experience in accounting or a related field; or an awarded Master's degree in Business or Accounting with two years of relevant experience.

Qualifications

1. A baccalaureate degree from an accredited college.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

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