Since 1917, the Teachers’ Retirement System of the City of New York (TRS) has been securing better futures for NYC educators. With a pension fund valued at approximately $120 billion, TRS serves over 215,000 members, providing them with retirement, disability, and death benefit services.
TRS members can enhance their benefits with a Tax-Deferred Annuity (TDA) Program, a defined contribution investment plan established in 1970. As a Section 403(b) plan under the Internal Revenue Code (IRC), the TDA Program offers multiple investment options and is overseen by a Board of Trustees, including TRS members and City representatives.
At TRS, we seek dedicated professionals who are passionate about their work and committed to excellence. We pride ourselves on our member-centric culture, focused on delivering outstanding service and support to our members.
Responsibilities
Reporting to the Director of Administration, the Deputy Director of Budget will support the Director in managing the agency’s administrative functions and supervising departmental staff. As an integral member of the Department’s leadership team, with significant latitude for independent judgement, the Deputy Director’s responsibilities include:
- Direct and oversee budget staff, collaborating with the Director in high-level meetings to evaluate budget requests.
- Review, approve, and develop the annual agency budget, ensuring alignment with organizational priorities.
- Identify, analyze, and report variances between actual and budgeted financial results, providing actionable insights for improvement.
- Adjust the budget based on city cycles, proposing necessary cuts and modifications.
- Forecast future budgetary needs to inform planning and resource allocation.
- Prepare and track quarterly budget re-projections to maintain fiscal accuracy.
- Monitor the monthly agency headcount and oversee the annual cost allocation process.
- Prepare analytical reports, correspondence, and memoranda for the board and executive management on fiscal and budget matters.
- Support additional projects assigned by leadership to enhance fiscal, budgetary, and operational management.
Minimum Qualifications
- A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics, statistics, accounting, and/or actuarial science and four years of satisfactory full-time experience implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations, 18 months of which must have been in an administrative, managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations; or
- An associate degree or 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and six years of satisfactory full-time experience as indicated in “1”; or
- Education and/or experience equivalent to “1” or “2” above. However, all candidates must have 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and the 18 months of experience in a supervisory, administrative, managerial or executive capacity as described in “1” above.
Preferred Skills
- Knowledge of New York City budget process. - Strong managerial experience in financial management, including financial modeling, planning, and reporting. - Excellent communications skills, both orally and in writing, for conveying complex information clearly and persuasively. - Strong collaboration skills and the ability to build effective relationships at all organizational levels. - Knowledge of city government operations and relevant policies, including cost allocation methodologies. - Experience in forecasting budget needs, reconciling procurement data, and preparing/presenting budget reports. - Strong analytical mindset for identifying problems and developing innovative efficiency-driven solutions. - Highly level of resourcefulness and a proactive, enthusiastic work ethic. - Proficiency in MS Office applications, particularly Excel, with advanced data analysis and reporting skills. - Excellent interpersonal skills for working collaboratively with diverse team members, in a positive, inclusive work environment. - Ability to remain calm and focused under pressure, managing multiple priorities and meeting deadlines without compromising quality.
55a Program
This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.
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 https://studentaid.gov/pslf/.
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.
, $110,111.00 – $140,000.00
