About the Role
The General Manager of Forecasting & Capital Capacity (“GM”) is responsible for the determination of agency capital capacity and creditworthiness, both of which are fundamental for the delivery of the current 2026-2035 Capital Plan and other important agency priorities. As such, the GM is the key owner of all workstreams, tools, and resources that evaluate, monitor, and report on capital capacity to the Finance Committee on a quarterly basis, as well as the assessment related to any changes in agency policies and priorities. Not only does this position have significant impact on the agency’s Capital Plan, but the role is also well positioned to gain unique insight into the business models of all line departments and how these elements fit together within the agency. The GM has regular interaction with many stakeholders throughout the Port Authority and regular exposure to agency senior leaders. In addition, the GM will directly supervise the Manager of Forecasting and guide the overall Forecasting & Capital Capacity team, which is comprised of a Manager and two Principal Financial Analysts.
Under the supervision of the Deputy Director and also working in close collaboration with the Director, the GM will be responsible for: a) updating, managing, maintaining, and improving the agency’s Integrated Financial Model (IFM), which is a comprehensive agency-wide financial model that includes the forecasts of revenues and expenses of all business units, capital expenditures, debt service payments, and calculations to determine capital capacity available to advance the Port Authority’s investment agenda. b) supporting the issuance of Consolidated Bonds and other obligations, working with the Treasury Department, by preparing the calculations related to bond tests and materials for the rating agencies; and c.) diligence and underwriting of financial transactions, operating model forecasts and/or business agreements for various agency business line departments.
Responsibilities
Integrated Financial Model & Capital Capacity
Update and manage the agency’s IFM on a regular basis (including quarterly reports to the Committee on Finance), and prepare financial scenarios as requested by the CFO to determine the impact of different transactions on the capital affordability of the Port Authority, while meeting all performance measures established. In particular:
Support for Debt Issuance & Structuring
Financial & Transaction Analysis
Minimum Qualifications
Desired Qualifications
Selection Process
The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive benefits package and a professional environment that supports development and recognizes achievement. Click here for more information about benefits, our culture, and career development opportunities.
The Port Authority of New York and New Jersey anticipates that the actual salary offered to a successful candidate will depend on aspects such as experience, knowledge, skills, abilities, and internal factors. The expected compensation range for this role is:
Minimum: $147,290 Midpoint: $191,486 Maximum: $235,664
In accordance with Port Authority policy, this position permits employees to work remotely a maximum of one day per week, subject to operational and business needs.
Job details are sourced from the employer's original posting.
Open job postingAbout the company
The Port Authority of New York and New Jersey is a bi-state government agency that develops and operates transportation and commerce infrastructure for the New York-New Jersey region. It manages airports, bridges, tunnels, and seaports.