Director of Finance

At the MBTA we envision a thriving region enabled by a best-in-class transit system. Our mission is to serve the public by providing safe reliable and accessible transportation. MBTAs Core Values are built around safety service equity sustainability and culture. Each employee that works for the MBTA performs their roles based on our vision mission and values. This includes attendance participation and contribution in local safety committee meetings as needed.

The Director of Finance provides strategic leadership and oversight of the MBTAs financial planning reporting and budgeting functions. This role manages the development implementation and maintenance of the annual operating budget and long-range financial plans while ensuring compliance with fiscal policies and procedures. The Director is responsible for creating and maintaining financial metrics dashboards and cost-benefit analyses as well as reviewing departmental budget proposals forecasting future financial needs and determining fund addition the position leads in-depth financial analytics to support fact-based decision-making including labor cost modeling rate and volume analysis cash flow projections and advanced modeling techniques such as Net Present Value (NPV) and Internal Rate of Return (IRR). The Director also plays a key role in establishing and refining Authority-wide fiscal policies and procedures to ensure financial integrity and alignment with organizational goals.

• Develop and maintain new key performance indicators (KPIs).
• Lead projects and programs across the team including complex analytics KPIs and other special projects through use of Tableau dashboards.
• Perform cost-benefit analyses and due diligence of key programs.
• Evaluate spending trends and advise departmental managers and senior staff of areas of concern and opportunities to ensure cost-effectiveness and identify ways to reduce costs and increase efficiencies for the Authority.
• Review and approve departmental requests for procurement of materials and services.
• Ensure and verify that spending is in accordance with all city state and federal laws to avoid legal complications.
• Develop analyses recommendations and decisions regarding staffing levels subcontracting outsourcing and purchasing including interpretation and impact of collective bargaining agreements.
• Ensure budgetary goals are met and that all work is performed in a timely and cost-effective manner.
• Evaluate budget requests and supervise the review of individual departmental and line-item budgets for accuracy consistency and conformity with established policy.
• Oversee development of forecasting year-end results to aid in projecting the upcoming fiscal year budget.
• Support the development and maintenance of the annual five (5)-year pro-forma projections by working with the Financial Planning and Analysis (FP&A) and Operations teams forecasting future budget needs.
• Ensure that the necessary tools are provided to department heads and financial staff to assist in preparing updating and completing requests (e.g. reports historical spending headcount).
• Provide recommendations to the Deputy CFO of Operations Budget Director of Operations and Budget Director of FP&A to ensure that the Authoritys final budget submittal for approval to the Fiscal Management Control Board falls is balanced.
• Direct analyses of expenditures to ensure departments are operating within the limits of their approved budgets.
• Direct and supervise the investigation and analyses of major variances from budget including financial data and analyses of labor such as headcount and salaries.
• Control spending and allow budget transfers/adjustments as needed by identifying issues opportunities and solutions.
• Direct ad hoc analyses and projects requested by the Budget Director of FP&A and the deputy CFO of Operations to be used for internal and external venues. Projects would include cost benefit analysis and budget versus actual labor data such as headcount and salaries.
• Prepare and distribute monthly overtime quarterly projections and executive summary reports.
• Review annual National Transit Database (NTD) reporting and monthly/quarterly/year-end closing including accruals and reporting.
• Prepare forecast as needed providing risk and opportunities.
• Ensure that budget and financial spending reports are revised and edited for accuracy each fiscal year.
• Commit to working additional hours including weekends as needed during the budget development process. During the development of the budget extra work hours are probable and weekend work will be necessary.
• Participate in the establishment of the Authority-wide fiscal policies procedures and performance goals with other Authority management staff.
• Uphold the rights and interests of the Authority while building and maintaining an effective relationship with employees.
• Supervise budget staff and maintain responsibility for appraising performance addressing conduct and performance matters and making hiring decisions.
• Communicate effectively with customers vendors and employees.
• Perform all other duties and projects that may be assigned.

Supervision

• Budget and Labor Analyst(s) and Interns.

• Bachelors degree from an accredited institution in Business Administration Accounting Finance Economics or related field.
• Seven (7) years of experience in accounting and/or finance including demonstrated expertise in budgeting forecasting financial reporting and cost-benefit analysis.
• Five (5) years of supervisory managerial project and/or leadership experience.
• Ability to communicate with all levels within the organization.
• Advanced expertise in MS Word Excel PowerPoint and Tableau.
• Strong communication and presentation skills.
• Experience working with external auditors internal controls and compliance-related issues.
• Ability to weigh and manage priorities.
• Advanced experience with or in financial reporting.
• Demonstrated ability to influence decision-making.
• Organizational skills and ability to multitask (work on several projects at once).
• Ability to progressively elaborate on high-level business processes to define and document supporting standards and procedures.
• Proven proficiency with Microsoft Office Applications Excel Work PowerPoint Access and Outlook and PeopleSoft ERP.
• Demonstrated working knowledge of FMIS including ability to run financial reports and queries
• Demonstrated ability to be self-motivated and manage multiple priorities.

• A high school diploma or GED with an additional seven (7) years of directly related experience substitutes for the bachelors degree requirement.
• An Associates degree from an accredited institution and an additional three (3) years of directly related experience substitutes for the bachelors degree requirement.
• A Masters degree in a related subject substitutes for two (2) years of general experience.
• A nationally recognized certification or statewide/professional certification in a related field substitutes for one (1) year of experience.

Preferred Experience

• Certified Public Accountant (CPA).
• Masters degree from an accredited institution in Business and/or Public Administration.
• Ten (10) years of experience in finance or related field.
• Advanced specialized training in contract agreements.
• Additional years of supervisory experience.

Job Conditions:

• Ability to effectively read comprehend communicate and respond to instructions orders signs notices inquiries English.
• Be at least eighteen (18) years of age except if participating in an approved high school internship / co-op program.
• Ability to commute to assigned work locations in the Boston MA metro area as required by the role.
• Ability to provide internal and external customers with courteous and professional experiences.
• Ability to work effectively independently and as part of a diverseworkforce team (or supervise if required).
• Ability to uphold the rights and interests of the MBTA while building and maintaining effective relationships with employees and co-workers.
• Ability to adhere to rules regulations collective bargaining agreements (if applicable) and policies of the MBTA including the EEO anti-discrimination anti-harassment and anti-retaliation policies.
• Have a satisfactory work record for the two (2) years immediately prior to the closing date of this posting (unless if current student or recent graduate) including overall employment job performance discipline and safety records (infractions and/or offenses occurring after the closing of the posting and before the filling of a vacancy may preclude a candidate from consideration for selection).
• Ability to pass a Criminal Offender Record Information (CORI) check comprehensive background screening and / or medical Clinic screening potentially including physical examination and drug and alcohol screenings.
• Ability to work all shifts and / or locations assigned directed or necessary for this position including (for some transit / operations roles) up to twenty-four (24) hours per day seven (7) days per week as necessary to accommodate severe weather conditions emergencies or any other circumstances that may potentially impact service or the safety of service.
• Intern / co-op staff must be enrolled full or part-time in an accredited educational program and maintain a cumulative GPA of at least 2.5 for the entire duration of the internship / co-op. Additionally interns / co-ops must have valid work authorization and U.S. Social Security Numberprior to starting pre-employment screenings / pre-boarding working in their positions and throughout the duration of their program.

Disclaimers and Definitions:

1. General Disclaimer: The statements contained in this job description are intended to describe a summary general nature and complexity of typical job functions and do not represent an exhaustive list of all duties tasks and responsibilities required of staff assigned to this position.
2. Application Completion: It is each applicants responsibility to ensure application details are entered completely and correctly including updated work and education histories (past and current). Incomplete applications may not be considered. Attachments do not substitute for application fields. The recruitment team does not have access to existing employee data / history.
3. Application Deadlines:Applicants should apply as soon as possible as the MBTA may stop considering applicants after a sufficiently large applicant pool is established.
4. Work Environment:The physical demands and work environment characteristics described here-in are representative of those an employee may encounter while performing the essential functions of this job. Reasonable accommodations can be made to enable individuals with disabilities to perform essential functions. See job description for role-specific requirements.
5. Work Eligibility:All employees must be legally authorized to work in the United States and on an unrestricted MBTA does not have an employer work sponsorship program. However if you have unrestricted work authorization or are sponsored by a separate entity you are welcome to all persons hired will require a U.S. Social Security Number prior to starting the position and employees will be required to complete a Form I-9 to verify their identity and eligibility to work in the U.S.
6. Interviews:Candidates should ensure they arrive on time are prepared can remain for the duration and if remote are in a quiet place without distraction for the interview. Candidates who do not attend their interview without advance authorization including an email confirmation of a rescheduled time/date from Human Resources will be considered a no-show and disqualified from consideration for the position. Related to rescheduling on a one-time basis and due to something emergent you may be allowed to reschedule the addition Human Resources may require documentation supporting the request. However should you need to reschedule you will need to contact your Recruiter directly by email.
7. Safety Sensitive Positions:Employees working in this classification will be subject to periodic physical examinations plus random drug and alcohol testing.
8. On-call or 24/7 Positions:Employees working in this classification must be available to respond to page / text / call and report to work as determined by assigned department or the Authority.
9. Essential / Emergency Staff:During declared states of emergency employees working in this classification are required to report to work for their assigned work hours or as directed by management.
10. ADA Accommodations: The MBTA makes reasonable accommodations for applicants with disabilities. If you require an accommodation during this process please contact the MBTAs ADA Unit at or .
11. Diversity Equity and Inclusion:The MBTA is an Equal Employment Opportunity Employer. For terms descriptions and definitions related to diversity equity inclusion veteran status and immediate family members that you may find on the application form please visit / Co-Op Benefits: Employees taking part in an internship orco-opat the MBTA are eligible to receive accrued paid sick leave as well as a monthly transportation pass based on the city from which the intern / co-opcommutes to workat no cost. However no additional benefits are currently offered for interns orco-ops.