Budget Management Senior Associate – Reporting

• Compile and document weekly and monthly reports to analyze data and findings for the Budget Management Director.
• Assist in defining additional reporting requirements based on the Fiscal Plan and Budgets.
• Monitor and report on government compliance with PROMESA Law, the Fiscal Plan, and the Certified Budget.
• Contribute to financial reporting for B2A’s, cash flows, accounts payable analysis, emergency reserve funds, fund extensions, tax credits, payroll, headcount, and disaster-related expenses.
• Assist in developing reports that meet organizational needs and stakeholder expectations.
• Maintain records by gathering information from government bank accounts on a weekly basis.
• Report any identified liquidity risks to relevant areas for timely action.
• Document the monthly Fund Extension Report to ensure proper accounting of the government’s restricted funds and accurate surplus calculations as outlined in the Fiscal Plan Surplus Sharing Calculation Agent Agreement.
• Facilitate communication between FOMB and the government.
• Assist in conducting monthly meetings with Hacienda/OCFO, OMB, and AAFAF to ensure data accuracy and identify potential noncompliance or information gaps.
• Research and report findings related to noncompliance, providing recommendations for best practices.

To successfully perform this position, an individual must be capable of performing each essential task satisfactorily. The following requirements represent the required knowledge, skills, and/or capacity. Reasonable accommodation may be made to allow individuals with disabilities to perform essential tasks.

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field is required.
• A minimum of 2-4 years of experience in finance or accounting
• Demonstrated ability to develop and execute strategic plans in alignment with organizational objectives.
• Strong understanding of financial regulations and reporting requirements.
• Experience with financial modeling, forecasting, and budgeting.

• Previous experience in:
  • Working with the local or federal government
  • Federal funding requirements

• Experience in utilizing financial reporting tools
• Experience in data collection, validation, and management to ensure accurate reporting.
• Familiarity with relevant financial regulations, compliance standards, and best practices.
• Ability to analyze financial data, trends, and reports to inform decision-making.
• General knowledge of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and other relevant accounting frameworks.
• Understanding of cash flow management, investment strategies, and financing techniques to optimize the organization’s liquidity and financial stability.
• Understanding of various debt instruments.
• Understanding of internal and external audit processes, including the ability to work with auditors and address any findings or recommendations.
• Strong analytical skills to interpret financial data, identify trends, and perform cost-benefit analyses for transformation projects.
• Ability to produce clear and concise technical documentation, reports, and proposals.
• Proficiency in managing complex projects, including planning, execution, monitoring, and closing projects successfully
• Strong analytical skills to interpret financial data, identify trends, and make data-driven decisions.
• Resourceful, and able to communicate with internal and external sources to obtain the necessary information to inform recommendations.
• Ability to timely deliver quality work as well as review the work of others for relevance, accuracy and quality.
• Ability to meet deadlines, develop realistic action plans and measurable outcomes, create program budgets, prioritize, and plan workload, and use time efficiently.
• Learns and adapts to dynamic demands inherent to the job and work environment.
• Proficiency in financial software and advanced Excel skills.
• Advanced Office Skills (Word, PowerPoint.)
• Advanced English (excellent speaking and writing skills)

Additional information

Physical Demands

The physical demands described herein represent those to be fulfilled by an employee to successfully perform the essential tasks of this position. Reasonable accommodation may be reached to allow individuals with disabilities to perform essential tasks.

While carrying out the tasks of this position, the employee is normally sitting, using his hands to hold or feel and grasp objects; the employee will often stand, walk, talk, and listen. Specific vision skills required for this job include close-up and color vision.

Working environment

The features of the working environment described herein represent those found by the employee while performing the essential tasks of the job. Reasonable accommodation may be made to allow individuals with disabilities to perform essential tasks.

While carrying out tasks in this job, the employee is not exposed to the environmental conditions of work. Noise levels in the workplace are generally low.

Health, safety, and environmental requirements

The occupant of this position must strictly comply with all health, safety and environmental policies and procedures and must actively participate in related activities of the organization. The occupant of the position will also be trained in any specific procedures and regulations applicable to the position, if needed. This description is based on a management evaluation made in accordance with the requirements and tasks of the position as of the date of preparation of the description.

This description is a general guide for the employees, managers, and colleagues, and does not include an exhaustive list of all elements and details of the job. Management reserves the right to modify this description at any time or change the tasks and responsibilities on a temporary or open-ended basis to meet objectives, timetables and recruiting goals.