Financial Analyst

Financial Analyst

The New York City Department of Youth and Community Development (DYCD) invests in a network of community-based organizations and programs to alleviate the effects of poverty and to provide opportunities for New Yorkers and communities to flourish. The New York City Department of Youth and Community Development (DYCD) supports youth and community services through contracts with a broad network of community-based organizations throughout New York City. Our central task is administering available city, state, and federal funds to a wide range of innovative, practical, and quality programs that positively impact youth and communities. DYCD is seeking to hire a Financial Analyst in the Financial Management Division. Under the supervision of the Deputy Director, the Analyst should possess excellent analytical, critical thinking skills, be highly motivated and a results-oriented individual. To effectively support and manage their assigned portfolios, the analyst will perform duties that include, but are not limited to:

• Prepare and maintain the portfolio's spending plan. This includes preparation for all budget modifications and Financial Plan changes as well as the preparation of expenditure reports.
• Provide programmatic staff with oversight and technical assistance with funding and budgeting.
• Review and track programmatic and administrative spending; maintain tracking and reconciliation of direct service contracts status and budget. This requires coordinating with DYCD's IT, Accounts Payable and ACCO departments to review and secure contracts, task orders etc. Also act as budget support specialist within the department, liaison with the Office of Management and Budget, and Comptroller's Office.
• Prepare and present analytical reports on the portfolio budgetary issues. This can include fielding and/or responding to internal and external inquiries of related programs, briefing sheets for upper management to present at City Council hearings and other high-level meetings with oversight agencies. Review performance in these areas and develop, monitor and review cost reduction programs.
• Monitor the portfolio operations and estimate budget expenditures. Prepare and develop analyses to contribute to the agency wide surplus needs analysis.
• Analyze variances and discrepancies and report findings to upper-level management along with recommended changes

Minimum Qualifications

1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or 2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or 3. Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

Preferred Skills

- Preferred candidate will have a degree in finance, accounting or a related field. - Candidate should have related budget/financial experience, including a working knowledge of city budget. - Intermediate Proficiency in Excel is required (SUMIF, SUMIFS, IF, VLOOKUP, XLOOKUP, PIVOT TABLES etc.). - Experience reviewing and reconciling complex financial data from multiple sources will be required to succeed in this position. - Experience with NYC's Financial Management System, PASSPort, and HHSA is preferred. - Strong analytical skills will also be considered a preferred asset.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education's website at

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

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.