Financial Analyst I

The New York State Environmental Facilities Corporation (EFC), a public benefit corporation, aids local governments and other eligible applicants throughout New York State to undertake critical water quality infrastructure projects by providing access to low-cost financing capital, grants, and expert technical assistance.
 
EFC is committed to fostering an inclusive workplace that values respect, diversity, and the unique perspectives of all individuals. To support our employees, EFC provides an outstanding benefits package similar to that offered to New York State employees. Our total compensation package includes, but is not limited to, leave benefits (Paid Parental Leave, 13 holidays and paid vacation, sick, and personal leave); a comprehensive health insurance program including medical, prescription drug, dental, and vision plans; and membership in the NYS and Local Retirement System, which is a defined benefit plan.

Position Description

The Financial Analyst is an integral part of the Equity Finance section, one of three sections that make up the Finance and Accounting Division led by the Chief Financial Officer.  Equity Finance is responsible for the development and disbursement of State Revolving Fund (SRF) project financings, and the Financial Analyst’s primary focus is working with municipalities and other entities who are seeking financial assistance for their water quality projects. The Financial Analyst performs tasks such as: confirming project budgets, verifying outside funding sources and pre-existing debt, assessing creditworthiness and project affordability, developing financial assistance packages that adhere to program guidelines, reviewing cost documentation and disbursing funds. The position requires strong technical skills, customer service experience, and effective coordination with both internal and external team members. The Financial Analyst typically serves as the internal team’s primary contact with municipal officials and consultants, providing essential guidance and support throughout the financing process.

Essential Duties

• Review loan and grant applications for completeness and accuracy and collect any missing financing-related information from municipalities.
  
  


• Summarize the economic and financial condition of SRF applicants, verify the project budget, and follow program guidelines and regulations to confirm the appropriate use of SRF and/or State sources of funds.
  
  


• Establish and maintain working relationships with municipal officials and their consultants. Provide consistent and superior client service from initial project planning to completion.
  
  


• In coordination with other EFC Divisions, manage all aspects of assigned projects through EFC’s internal processes to facilitate the timely execution of financing and grant agreements.
  
  


• Verify that adequate and eligible documentation has been submitted to support the disbursement of project funds. Maintain database records for all invoices, contracts, agreements, and change orders submitted in support of disbursement requests, refinancings and the overall plan of finance.
  
  


• Participate in Community Assistance Team events. Teams provide on-site and virtual consultations to help communities across the state begin project planning, submit funding applications, and see projects through to completion.

Qualifications

A Bachelor’s Degree in Business, Project Management, Economics, Mathematics, or a related field, or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job, as determined by the Corporation.

Knowledge/Skills

A successful applicant will demonstrate:

• Strong analytical and problem-solving abilities with careful attention to detail and accuracy


• Self-motivation and the ability to work independently


• Excellent organizational and time management skills with the ability to manage multiple tasks within prescribed deadlines


• Knowledge of mathematical and financial concepts and the ability to work with numerical data requiring accuracy


• Experience working in a fast-paced environment with time-sensitive work products


• Ability to adhere to protocols, contribute to process improvements, and identify and assess operational risks


• Experience in analyzing budgets, financial statements, and audit reports


• Excellent written and oral communication skills and an ability to interact with people of diverse backgrounds and experiences in a professional manner


• Proficiency with Microsoft Office products including Word and Excel, and the ability to work with a database. Should be experienced with Excel formulas, sorting, and filtering, and designing and using spreadsheets


• Strong technical and presentation skills

Working Conditions and Physical Abilities

Work is performed in an office setting, with prolonged periods of sitting and fine manipulation skills required for computer use. 

Application Requirements and Related Information

 Salary will be based on experience and qualifications, as well as market and business considerations.

Employees may request to telecommute up to two days per week after the completion of their training period.

In compliance with Public Law 99-603, candidates selected for appointment must provide, within three (3) business days of the employee’s first day of employment, an original copy of documentation proving citizenship and/or legal right to work in the United States.

It is the policy of the State of New York and EFC to provide for and promote equal opportunity employment, compensation, and other terms and conditions of employment without discrimination on the basis of age, race, color, religion, physical or mental ability, national origin, gender, sexual orientation, veteran or military service member status, marital status, domestic violence victim status, genetic predisposition or carrier status, or arrest and/or criminal conviction record, unless based upon a bona fide occupational qualification or other exception.

All individuals with disabilities are encouraged to apply to positions that they are qualified to perform. It is the policy of EFC to provide qualified persons with disabilities an equal opportunity to participate in and receive the benefits, services, programs, and activities of EFC, and to provide such persons with reasonable accommodations and reasonable modifications as are necessary, to enjoy such equal opportunity, including accommodations in the recruitment process.

EFC will provide reasonable accommodation to ensure effective communication of information to individuals with disabilities. If you need an auxiliary aid or service to make this information available to you, please contact EFC’s Human Resources Office at (518) 486-9267.

It is the policy of EFC to provide reasonable accommodation for religious observers.