Senior Vice President, Deputy Budget Director

Senior Vice President, Deputy Budget Director

New York, New York, United States

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses.

Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.

Department Overview: NYCEDC's Budget Department is part of the City Budget & Revenue Division, which also includes the Grants, Contracts and Funding Agreements Departments. The division manages City funding strategy and financial planning to support NYCEDC initiatives and advance the organization's mission of promoting economic growth across New York City.

The Budget Department oversees funding identification, budget planning, and financial coordination for projects and programs across the organization. The team works closely with internal stakeholders and external City agencies to secure, manage, and monitor funding sources while ensuring effective budget implementation and stewardship.

Position Overview: The Senior Vice President, Deputy Budget Director (SVP) reports to the Executive Vice President of City Budget and Revenue and serves as a key leader responsible for aligning NYCEDC's City-funded fiscal needs of the Corporation with available City financial resources. This role focuses on managing all City and grant funding, the development and execution of budget strategy, and funding recommendations for project and program initiatives.

The SVP will provide strategic oversight of both capital and expense funding related activities while leading the Vice President unit heads responsible for these functions, ensuring coordination among project teams, senior leadership, and external stakeholders. This position partners with senior leadership and City agencies to facilitate project funding from planning through implementation, and guides staff in shepherding projects through internal and external processes.

Essential Duties and Responsibilities:

• Lead, develop, mentor, and oversee the Budget Department which includes the Capital Budget and Expense teams.
• Provide oversight of budget authority processes for capital, expense, and grant-funded projects.
• Develop and direct funding strategies for corporate project initiatives across NYCEDC to support organizational priorities and long-term objectives.
• Guide funding allocation decisions to ensure resources are effectively aligned with project priorities and implementation needs.
• Prepare NYCEDC's capital budgets for the Preliminary, Executive, Adoption, and September Plan budgets of NYC.
• Prepare NYCEDC's expense budgets for the Preliminary, Executive, Adoption, and November Plan budgets of NYC.
• Plan and manage a $8 billion capital budget and $100 million expense budget, including coordinating efforts between City Hall, Federal, State, and City agencies.
• Work with the New York City Office of Management & Budget on all funding issues.
• Meet with the President's Office, EVPs, and SVPs to strategize new and ongoing initiatives.
• Work on projects as needed and identified by CFO, Deputy CFO, Head of Finance, or President's Office
• Oversee the department's role in processing all City funded payment requisitions and track spending for all capital projects.
• Assist in the development of presentations for City Council and Borough President budget hearings, participating in the hearings as needed.
• Participate in stakeholder meetings throughout the City.
• Participate in occasional local travel and meetings outside standard business hours, as needed.
• Track hiring and reimbursement agreements for various personnel.
• Develop systems and processes that strengthen accountability and capital program funding and spending
• Other duties as assigned

Qualifications:

• Bachelor's Degree or Equivalent in Business, Finance or Public Administration
• Master's Degree or Equivalent in Business, Finance or Public Administration preferred.
• At least 10 years of experience in budgeting, financial management, project planning and forecasting.
• At least 5 years of experience managing a team.
• Advanced proficiency in the Microsoft Office Suite, especially Excel, Access, and PowerPoint.
• Demonstrated written, verbal, and presentation communication skills.
• Demonstrated analytical, quantitative, and critical thinking skills.
• Strong problem-solving skills with the ability to develop practical and innovative solutions.
• Ability to balance strategic thinking with attention to detail.
• Ability to manage multiple priorities and respond quickly to requests for information.
• Ability to build relationships and communicate effectively with senior leaders and stakeholders.
• Knowledge of New York City budgeting processes and systems, including FMS, Microsoft Great Plains, and MRI preferred.
• Interest in urban infrastructure and economic development initiatives preferred.
• New York City residence is required within 180 days of hire.

Salary Range

$175,000 - $185,000 USD

About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.

NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:

• Generous employer subsidized health insurance
• Medical, dental, and pharmacy plans
• Vision and hearing benefits
• Flexible spending accounts for healthcare and dependent care
• Short term and long-term disability coverage
• 100% employer covered life insurance and supplemental life insurance coverage
• Up to 25 vacation days
• Floating Holidays and Summer Fridays
• Parental leave - up to 20 paid weeks
• Retirement savings programs
  • Company-paid 401(a) defined contribution plan
  • 457(b) tax-advantaged retirement savings plan
• Tuition Reimbursement program
• Continuing education and professional development
• Public Service Loan Forgiveness (PSLF) eligible employer
• College savings plan
• Backup childcare
• Gym membership discounts
• A Calm.com membership for mindfulness and mental health support
• Employee discounts through Plum Benefits and much more

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.

The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.