What are the responsibilities and job description for the Finance Specialist - A/B position at NYC School Construction Authority (SCA)?
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The Fiscal Services Division is responsible for developing, planning and monitoring the SCA’s operating budget, creating and monitoring project budgets for all projects, preparation of year-end financial reports and management of banking relationships as well as processing all payments. Fiscal Services also provides financial reports to OMB which are used to support City bond sales and submits project data to the State Education Department that allows NYC to receive building aid funding.
Job Description Summary
The Finance Specialist - A/B is responsible for performing a range of financial management tasks in the areas of accounts payable, budget, financial registration, accounting, or payroll and timekeeping.
Job Description
Responsibilities include:
Finance Specialist - A
Baccalaureate degree; One year of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
Finance Specialist - B
Baccalaureate degree; Two years of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
Civil Service Classification: Competitive
Salary
Finance Specialist - A
Subject to the provisions of the Collective Bargaining Agreement, the appointment rate for any newly hired employee, or employees with less than two years of active City or SCA service, shall be 15% less than the applicable incumbent rate or step.
Education
Baccalaureate: Accounting, Finance or related field
Certifications (if Required)
Work Experience
One year of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
It is the policy of the New York City School Construction Authority (NYCSCA) to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status, or any other characteristic protected by federal, state, or local law. In addition, the NYCSCA will provide reasonable accommodations for qualified individuals.
We Offer Exceptional Benefits Including
The SCA is interested in qualified candidates who are eligible to work in the United States. The SCA is not able to sponsor or take over sponsorship of an employment Visa at this time. We participate in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: https://www.e-verify.gov/employees
The Fiscal Services Division is responsible for developing, planning and monitoring the SCA’s operating budget, creating and monitoring project budgets for all projects, preparation of year-end financial reports and management of banking relationships as well as processing all payments. Fiscal Services also provides financial reports to OMB which are used to support City bond sales and submits project data to the State Education Department that allows NYC to receive building aid funding.
Job Description Summary
The Finance Specialist - A/B is responsible for performing a range of financial management tasks in the areas of accounts payable, budget, financial registration, accounting, or payroll and timekeeping.
Job Description
Responsibilities include:
- Provides customer service, in the form of processing payments, completing change orders and other finance related issues, to internal and external stakeholders.
- Assists in supervising a Unit such as Accounts Payable, Accounting or Contract Validation and collaborates with other units to achieve functional goals.
- Prepares financial reports for use by the division directors.
- Acquires and maintains a knowledge of the Authority financial systems.
- May supervise Assistant Finance Specialists or other support staff.
- Performs related duties, as assigned.
- Identify, research, analyze, and reconcile financial discrepancies across Oracle Cloud Fusion, PCM, RCMS, CAMP, the FMS Upload Master table, and the City’s Financial Management System (FMS3) to ensure data accuracy and consistency.
- Perform financial reconciliations, investigate funding mischarges, and initiate corrective journal entries and financial transactions, including contract closeout adjustments.
- Analyze and compare financial data across internal and external reporting systems using Fusion, OAC, FMS, and related upload/download reports to identify and resolve discrepancies.
- Reconcile financial transactions and reporting discrepancies across source systems, Oracle Financials, and FMS3, ensuring accurate and timely resolution of identified issues.
- Create, update, and track Jira tickets related to financial system issues, reporting discrepancies, and reconciliation activities.
- Maintain the FMS Utility application to correct financial transactions reflected in the Obligation History Report.
- Review and approve financial transactions interfaced from RCMS, PCM, and CAMP into Fusion; verify award information, distribute funds across lower-level numbers for requirements contracts, and create or modify purchase orders based on approved work authorizations.
- Collaborate with Encumbrance, Accounts Payable, IT, Construction Management, Contract Administration, and other internal departments to resolve financial discrepancies and support contract closeout activities.
- Utilize and support computerized financial systems, including Oracle EBS, Oracle Cloud Fusion (NextGen ERP), OAC, RCMS, PCM, CAMP, FMS Utility, and FMS3, along with Microsoft Office applications.
- Train and delegate assignments to college interns to support departmental operations and workflow efficiency.
Finance Specialist - A
Baccalaureate degree; One year of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
Finance Specialist - B
Baccalaureate degree; Two years of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
Civil Service Classification: Competitive
Salary
Finance Specialist - A
- Appointment Rate: $71,185
- Incumbent Rate: $81,863
- Appointment Rate: $82,730
- Incumbent Rate: $95,140
Subject to the provisions of the Collective Bargaining Agreement, the appointment rate for any newly hired employee, or employees with less than two years of active City or SCA service, shall be 15% less than the applicable incumbent rate or step.
Education
Baccalaureate: Accounting, Finance or related field
Certifications (if Required)
Work Experience
One year of full time experience in accounting, payroll, timekeeping or budget related area; or a satisfactory combination of education and experience.
It is the policy of the New York City School Construction Authority (NYCSCA) to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status, or any other characteristic protected by federal, state, or local law. In addition, the NYCSCA will provide reasonable accommodations for qualified individuals.
We Offer Exceptional Benefits Including
- Medical (100% employer paid for basic coverage available)
- Prescription Drug Options
- Dental & Vision Coverage
- NYC Qualified Pension Plan (QPP)
- Optional Retirement Savings Plans including 401K, 457 and IRA options
- Transit Check Program
- Public Loan Forgiveness Program
- Competitive Paid Time Off (PTO) Benefits
The SCA is interested in qualified candidates who are eligible to work in the United States. The SCA is not able to sponsor or take over sponsorship of an employment Visa at this time. We participate in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: https://www.e-verify.gov/employees
Salary : $71,185 - $95,140