Marketing Statement Ride BART to a satisfying career that lets you both: 1) make a difference to Bay Area residents, and 2) enjoy excellent pay, benefits, and employment stability. BART is looking for people who like to be challenged, work in a fast-paced environment, and have a passion for connecting riders to work, school and other places they need to go. BART offers a competitive salary, comprehensive health benefits, paid time off, and the CalPERS retirement program.
Job Summary
Pay Rate AFSCME Pay Band E (Senior Financial Analyst)
Annual Salary Range $ 112,048.72 (Minimum) - $ 145,662.97 (Maximum)
The negotiable salary offer will be between $112,048.72 - $135.312.13 /annually commensurate with experience and education.
AFSCME Pay Band G (Principal Financial Analyst)
Annual Salary Range $ 127,505.43 (Minimum) - $ 165,757.06 (Maximum)
The negotiable salary offer will be between $127,505.43 - $151,482.76 /annually commensurate with experience and education.
Reports To Manager of Capital Financial Planning
Current AssignmentThe San Francisco Bay Area Rapid Transit District (BART) is recruiting to fill two vacant Principal or Senior Capital Planning Analyst (Financial Analyst) positions (distinction will be made based on skills and work experience of the applicants). The selected incumbent applicants will be responsible for developing the District’s more than $25 billion Capital Investment Plan, including internal coordination to collect and validate capital needs and fund source data, model development to optimize data analysis and forecasting, data representation and drafting of related narratives and presentations; preparing and managing multimillion- and multibillion-dollar capital project funding plans; preparing capital plan reports; performing ad-hoc analyses to support District capital funding strategy; and managing relationships with internal and external partners. Other assignments may include supporting District-wide initiatives and other related projects.
Key responsibilities for these positions include identifying and resolving complex financial funding and analytical issues, which require strong execution and analytical critical thinking abilities such as:
- Working independently and defining workload, deliverables and schedule.
- Balancing multiple and sometimes conflicting priorities and stakeholders.
- Using critical thinking and analytical capabilities to build data models, perform data analysis, and draw insights to support District decision-making.
-Taking initiative, including developing and supporting process improvements.
- Identifying and understanding issues, problems and opportunities; and devising appropriate solutions.
- Building and maintaining relationships with internal BART departments and with external agencies.
- Interpreting and implementing funding agreements with other agencies; and preparing concise and clear communications, including reports.
In 2022, BART celebrated 50 years of operating a heavy-rail transit system serving the San Francisco Bay Area. The transit backbone of the region, BART carries half of the region’s miles traveled on transit along more than 130 miles of track and through 50 stations across five counties. BART connects to 18 other transit operators, including the Capital Corridor, and represents almost 90% of all transit transfers. BART’s capital program focuses on sustaining the reliability, safety and resilience of the system’s existing assets, while also investing in improvements to enhance the customer experience and stimulate ridership, such as those that support transit-oriented development.
The Senior or Principal Capital Planning Analyst in the Capital Financial Planning division serves an important role in helping the Board and senior executives to understand the scope and scale of BART’s current and forecast capital program, to facilitate data-driven prioritization of planned capital investments and to support the development of a coherent capital program funding strategy.
In the current financial landscape, BART is faced with many financial challenges and pressures, including projected operating revenue deficits and construction material and labor cost escalation. If you love solving problems, enjoy strategic and critical thinking, and are adept at stakeholder engagement - it’s a particularly exciting time to work for BART! BART offers remote work opportunities, competitive compensation including great benefits, and a dynamic work environment.
Selection ProcessInitial screening of applications will begin in May 2024.
This position is represented by American Federation of State, County, and Municipal Employees (AFSCME). Applications will be screened to assure that minimum qualifications are met. Those applicants who meet minimum qualifications will then be referred to the hiring department for the completion of further selection processes.
The selection process for this position may include a skills/performance demonstration, a written examination, and/or an individual or panel interview.
Examples of Duties
Principal Financial Analyst Establishes schedules and methods for providing financial analysis services; identifies resource needs; reviews needs with appropriate management staff; allocates resources accordingly.
Participates in the development of policies and procedures; monitors work activities to ensure compliance with established policies and procedures; makes recommendations for changes and improvements to existing standards and procedures.
Recommends and assists in the implementation of goals and objectives; implements approved policies and procedures.
Conducts complex financial and management studies to evaluate District system performance and operating efficiency; prepares and presents study findings and recommendations; implements recommendations and provides assistance to District departments in assessing performance against stated objectives.
Performs the most technical and complex tasks of the work unit including specialized analyses and studies related to the District's budgeting, financial control and management analysis functions.
Provides financial oversight on assigned projects; identifies funding sources; projects cash flow requirements; maintains budgetary records for proposed projects; compiles actual project costs; performs financial, statistical and comparative analysis of actual and budgeted costs.
Participates in the preparation and administration of District-wide budgets; compiles and analyzes budget data; coordinates activities within other divisions and departments.
Analyzes contract provisions and change orders related to approved cost of work and budget allocations; analyzes and reports cost variances; ensures that cost control methods are implemented and applied to program objectives.
Develops and recommends improvements to computerized financial management system.
Participates in the selection of assigned staff; provides or coordinates staff training; works with employees to correct deficiencies; implements discipline procedures.
Prepares analytical and statistical reports on operations and activities.
Attends and participates in professional group meetings; stays abreast of new trends and innovations in the field of financial analysis and program management.
May plan, prioritize, assign, supervise, review and participate in the work of staff responsible for complex financial, statistical and project control analysis in assigned area.
Senior Financial Analyst: Participates in the more difficult work of staff responsible for complex financial, statistical, and program management analysis in assigned division area.
Participates in the preparation, administration, and monitoring of District-wide budgets; compiles and analyzes budget data; monitors funding agreements and maintains budget schedules to assure conformance with funding agencies; ensures maintenance of expenditure records which conform to funding agency and District reporting requirements. Analyzes contract provisions and change orders related to approved cost of work and budget allocations; analyzes and reports cost variances, ensures that cost control methods are implemented and applied to program objectives; analyzes funding and cost data for management inquiries regarding work plans, consultants, and contract authority. Monitors and administers construction or funding agreement contracts in accordance with District and mandated guidelines; compiles actual costs by project; performs financial, statistical and comparative analysis of actual and budget costs.
Identifies funding sources for proposed projects; projects cash flow requirements; maintains budgetary records for proposed projects.
Provides support to project managers in setting budgets, schedules and estimates; tracks progress on projects versus original budgets and schedules; works closely with project staff and consultants to ensure project compliance.
Develops and recommends improvements to computerized financial management system.
Coordinates project activities with other departments, divisions and external agencies; works closely with other divisions to apply for and monitor the use of fund grants from city, county, state, and federal sources; monitors work in progress and authorizes contract payments. Conducts financial and management studies to evaluate system performance and operating efficiencies; presents studies to communicate findings and recommendations to senior management and the Board of Directors.
May train assigned employees in their areas of work including budgeting and financial analysis methods, procedures and techniques.
Prepares quarterly, semi-annual, and special analytical and statistical reports on operations and activities for management, regulatory and outside agencies. Reviews invoices; determines budget conformity; reports discrepancies and billing adjustments.
Prepares the Annual Budget and the 5-Year forecast for each capital project and program assigned; involves budgeting for staffing requirements and coordinating with various departments who support the projects; includes budgeting for non-labor expenses for the budget year and for the out years. Participates in special projects as assigned.
Minimum Qualifications
Principal Financial Analyst: Education :
A Bachelor’s degree in business administration, accounting, economics or a closely related field from an accredited college or university.
Experience :
Four (4) years of (full-time equivalent) verifiable professional budgetary, financial or management analysis experience.
Substitution :
Additional professional experience as outlined above may be substituted for the education on a year-for-year basis. A college degree is preferred.
Senior Financial Analyst: Education :
A bachelor's degree in business administration, accounting, economics or a closely related field from an accredited college or university.
Experience :
Three (3) years of (full-time equivalent) verifiable professional budgetary, financial, or management analysis experience.
Substitution :
Additional professional experience as outlined above may be substituted for the education on a year-for-year basis. A college degree is preferred.
Knowledge and Skills
Principal Financial Analyst: Knowledge of :
- Operations, services and activities of a comprehensive budget and financial control program.
- Principles of supervision, training and performance evaluation.
- Principles of financial and operational analysis.
- Financial, statistical and comparative analysis techniques and formulas.
- Principles and practices of project budget development, administration and control.
- Advanced principles and practices of accounting.
- Principles and practices of financial project management and scheduling.
- Methods and techniques for assessing performance against established objectives.
- Current office procedures, methods and equipment including computers.
- Applicable computer software applications.
- Related Federal, State and local laws, codes and regulations.
Skill in :
- Selecting, supervising, training and evaluating staff.
- Performing complex financial, statistical, comparative and management analyses.
- Establishing and implementing procedures for budget and project control.
- Identifying funding sources for proposed and current projects.
- Performing accurate complex financial calculations.
- Developing, organizing and maintaining accurate financial records.
- Interpreting complex computerized records and reports.
- Interpreting complex contract provisions and change orders.
- Interpreting and explaining District policies and procedures.
- Preparing clear and concise financial and administrative reports.
- Operating office equipment including computers and supporting word processing and spreadsheet applications.
- Communicating
Senior Financial Analyst: Knowledge of :
- Operations, services and activities of a comprehensive budget and financial control program.
- Principles of lead supervision and training.
- Principles of financial and operational analysis.
- Federal, State and local funding programs, associated guidelines and processes.
- Principles and practices of project management.
- Principles and practices of engineering and construction management.
- Advanced principles, practices, and procedures of accounting.
- Financial, statistical and comparative analysis principles, techniques and formulas.
- Principles and practices of project budget development, administration and control.
- Principles and practices of procurement.
- Methods and techniques for assessing performance against established objectives.
- Principles and practices of project scheduling.
- Principles and practices of financial record keeping and reporting.
- Current office procedures, methods and equipment including computers.
- Applicable financial computer software applications.
- Related Federal, State and local codes, laws and regulations.
Skill in :
- Independently performing the most difficult financial and statistical analyses.
- Interpreting and explaining department policies and procedures.
- Leading, organizing and reviewing the work of assigned staff.
- Monitoring and reporting budget variances.
- Analyzing problems, identifying alternative solutions and implementing recommendations.
- Identifying funding sources for proposed and current projects.
- Creating timely purchase requisitions and disbursements of purchase orders.
- Performing accurate complex financial calculations.
- Utilizing, maintaining and updating computerized financial/project management systems and reports.
- Developing, organizing, reviewing and analyzing technical documents, proposals, contracts, and reports.
- Exercising a high degree of individual initiative, discretion, diplomacy, accuracy, and judgment.
- Understanding and following oral and written instructions.
- Communicating clearly and concisely, both orally and in writing.
- Establishing and maintaining effective working relationships with those contacted in the course of work including internal departments, vendors, and consultants.
Equal Employment Opportunity GroupBox1
The San Francisco Bay Area Rapid Transit District is an equal opportunity employer. Applicants shall not be discriminated against because of race, color, sex, sexual orientation, gender identity, gender expression, age (40 and above), religion, national origin (including language use restrictions), disability (mental and physical, including HIV and AIDS), ancestry, marital status, military status, veteran status, medical condition (cancer/genetic characteristics and information), or any protected category prohibited by local, state or federal laws.
The BART Human Resources Department will make reasonable efforts in the examination process to accommodate persons with disabilities or for religious reasons. Please advise the Human Resources Department of any special needs in advance of the examination by emailing at least 5 days before your examination date at employment@bart.gov .
Qualified veterans may be eligible to obtain additional veteran's credit in the selection process for this recruitment (effective Jan. 1, 2013). To obtain the credit, veterans must attach to the application a DD214 discharge document or proof of disability and complete/submit the Veteran's Preference Application no later than the closing date of the posting. For more information about this credit please go to the Veteran's Preference Policy and Application link at www.bart.gov/jobs .
The San Francisco Bay Area Rapid Transit District (BART) prides itself in offering best in class benefits packages to employees of the District. Currently, the following benefits may be available to employees in this job classification.
Highlights
- Medical Coverage (or $350/month if opted out)
- Dental Coverage
- Vision Insurance (Basic and Enhanced Plans Available)
- Retirement Plan through the CA Public Employees’ Retirement System (CalPERS)
- 2% @ 55 (Classic Members)
- 2% @ 62 (PEPRA Members)
- Reciprocity available for existing members of many other public retirement systems (see BART website and/or CalPERS website for details)
Money Purchase Pension Plan (in-lieu of participating in Social Security tax)
- 6.65% employer contribution up to annual maximum of $1,868.65
Deferred Compensation & Roth 457 Sick Leave Accruals (12 days per year) Vacation Accruals (3-6 weeks based on time worked w/ the District) Holidays: 9 observed holidays and 4 floating holidays Life Insurance w/ ability to obtain additional coverage Accidental Death and Dismemberment (AD&D) Insurance Survivor Benefits through BART Short-Term Disability Insurance Long-Term Disability Insurance Flexible Spending Accounts: Health and Dependent Care Commuter Benefits Free BART Passes for BART employees and eligible family members.
Closing Date/Time: 7/31/2024 11:59 PM Pacific
