Financial Planning & Analysis (FP&A) Analyst
Department : Finance
Employment Type : Full Time
Location : 270 Madison Avenue
Reporting To : Marjoel Montalbo
Compensation : $80,000 - $90,000 / year
Description
Overview Under the general direction of the Senior Director of Budget and Planning, the Budget Team prepares and oversees the development and management of the Library's operating and capital budgets, maintains multi-year financial plans, and supports managers throughout the Library by providing budget analyses, and advises the Development and Government Affairs Offices in the preparation of private and government funding proposals. The FP&A Analyst role reports to the Associate Director, Financial Planning & Analysis and plays a key part in analyzing the Library's strategic financial plans, and annual operating budgets. The ideal candidate will have strong budgeting experience, familiarity with accounting processes, and excellent analytical and communication skills.
We are looking for someone we can count on to :
Own :
- The responsibility for assisting with the preparation and development of the Library's multi-year financial plan (FIN PLAN), and annual operating budget
- The reconciliation and maintenance of financial data from multiple sources (e.g., Workday, TM1) to support FIN PLAN, annual budget process, and reporting
Teach :
Other budget team members on the use of internal budget documents, templates, and reporting toolsLearn :
The Library's budget preparation processes and principles of multi-year financial planningAnd support the implementation and optimization of Workday Adaptive Planning, including report creation and system testingDevelop a solid understanding of fund accounting (restricted / unrestricted), forecasting, and variance analysisNYPL's budget structure, achieve Workday proficiency in budgeting, build relationships with library clients, integrate into the Budget team and demonstrate curiosity about library operations from a budget perspectiveImprove :
The integration between Workday and Workday Adaptive Planning, improving efficiency in reporting and optimizing the Library's financial planning processesSome expectations for this role are that within :
1 month , this person will :
Develop an understanding of NYPL's budget structure, achieve Workday proficiency in budgeting, build relationships with library clients, integrate into the Budget team and demonstrate curiosity about library operations from a budget perspective3 months , this person will :
Deliver analysis of budget performance, including monthly budget-to-actual results for assigned portfolios, and use prior-year and quarterly actuals to forecast fiscal year-end resultsSupport the implementation of Workday Adaptive PlanningAssist with the budget preparation documents6 months and beyond , this person will :
Assist in budget prep tools to aid in developing the annual operating budgetSupport in the creation of Finance Committee meeting materialsDeepen client relationships through trend analysis in reportsResponsibilities
Support the Sr. Director of Budget and Planning, Director of Budget and Capital Finance, and Associate Director in FP&A in developing and preparing the annual operating budget and multi-year financial planCompile and reconcile financial data from various sources (Workday, TM1, and internal databases) to support planning and decision-makingPerform monthly and quarterly budget-to-actual variance analyses and identify key drivers of financial performanceMonitor spending and funding utilization across nearly 1000 funding sources, proactively flagging issues such as unspent revenue or over-budget variancesCollaborate with the Associate Director on budget documentation and reconciliation tasksProvide budgetary client support to assigned portfoliosCollaborate with Accounting, Procurement, Development, and Government Relations on various Library initiatives and grants proposalsCollaborate with Accounting to ensure budget methodologies align with financial statement practicesSupport the optimization of Workday Adaptive Planning, including report generation and data validationUndertakes related duties as required to support the Budget Office and the Library's financial management objectives, including special projects and financial researchPerform other duties as assignedRequired Education, Experience & Skills
Required Education & Certifications
Bachelor's degree, Finance or related field
Required Experience
2+ years of relevant FP&A or accounting experienceKnowledge of Workday and TM1, Workday Adaptive PlanningExperience with Workday projects and budgetsRequired Skills
Excellent financial planning and analysis skills and experience, including demonstrated knowledge of fund accounting, financial plan modeling, preparation & monitoring, and financial management systemsAbility to handle multiple tasks and work well under the pressure of tight deadlinesStrong analytic, problem-solving and time management skillsStrong computer skills, including spreadsheets, using Microsoft Windows and Google applicationsExpert-level proficiency with Microsoft Excel and successfully demonstrated ability to produce and manipulate complex spreadsheets and reportsStrong interpersonal, oral and written communication skills, including the ability to work well, both independently and as part of a teamDemonstrated ability to handle confidential information using sound judgment and discretionManagerial / Supervisory Responsibilities
N / A
More...
Core Values All team members are expected and encouraged to embody the NYPL Core Values :
Be Helpful to patrons and colleaguesBe Resourceful in solving problemsBe Curious in all aspects of your workBe Welcoming and InclusiveWork Environment
Hybrid - 3 days in office, 2 days remotePhysical Duties May require travel within NYC
Pre-Placement Physical Required?
No
Union / Non Union
Non-Union
FLSA Status Exempt
Schedule
9am-5pm, Mondays-Fridays, 35 hours per week (evenings / weekends as needed)This job description represents the types and levels of responsibilities that will be required of the position and shall not be construed as a declaration of all of the specific duties and responsibilities for the role. Job duties may change if Library priorities change. Employees may be directed to perform job-related tasks other than those specifically presented in this description as needed.
The New York Public Library Salary Statement
At the Library, we believe that pay transparency and pay equity are important to ensuring we source the best candidates and keep the best employees. When making a determination as to the appropriate salary for a candidate, we consider a variety of factors such, including, but not limited to, the position requirements, the skills, prior experience, and educational background required or preferred for the job, the scope and impact of the role within the organization, internal peer equity, and the candidate's specific training, experience, education level, and skills. No single factor is conclusive; the Library reserves the right to consider any and all relevant factors and make a decision consistent with its policies.
Union Salaries are determined by collective bargaining agreement(s).