Job Description
The Senior Associate supports the development and maintenance of the annual commonwealth fiscal plan and its quarterly updates. This role assists in the analysis and preparation of the fiscal plan documents and quarterly reports in collaboration with FOMB advisors, fiscal agencies, and external advisors. The Senior Associate is responsible for integrating financial models, data sources, and analytical tools to ensure alignment with business objectives and support strategic decision-making. Also, assists in drafting, structuring, and ensuring the clarity of the fiscal plan document.
- Assist the Senior Manager in developing strategies and setting team priorities that align with the overall mission of the Financial Oversight and Management Board for Puerto Rico (FOMB).
- Organize and attend meetings with stakeholders, advisors, and agencies to revise fiscal plan documents and models, track progress, and address challenges.
- Prepare accurate reports and presentations for senior leadership.
- Aid in developing and maintaining the annual fiscal plan and quarterly updates.
- Serve as liaison among advisors, fiscal agencies, and leadership for projects, regulations, and initiatives updates.
- Align the fiscal plan with short and long-term goals.
- Provide quarterly updates on revenues, expenditures, and cash balances.
- Conduct thorough reviews of fiscal plan and quarterly updates to ensure consistency and clarity.
- Ensure that financial strategies, objectives, and projections are clearly articulated.
- Analyze and ensure financial models accurately reflect revenues projections, expenditures, and economic trends.
- Review financial model process and outputs and suggest improvements.
- Ensure data integrity and consistency across financial models.
- Integrate financial models into the overall fiscal plan framework.
- Identify trends, risks, and opportunities through scenario analysis, and integrate mitigation strategies into the models.
- Continuously refine and update models based on performance data and business needs.
- Implement quality control processes to improve document accuracy and effectiveness.
- Ensure compliance with fiscal management regulations.
Key Relationships
Internal Relationships
Daily interaction with the staff to achieve the objectives in compliance with PROMESA.
External Relationships
Frequent contact with advisors, government agencies, attorneys and other stakeholders as needed.
Supervisory responsibilities
This position does not involve supervisory responsibility.
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, Economics, Data Science, or a related field; an advanced degree is preferred.
- A minimum of 2 to 4 years of experience in finance, financial modeling, data integration, fiscal planning or related area.
- Demonstrated experience supporting financial reforms or public sector projects, preferred.
- Previous experience in:
- Working with the local or federal government
- Business processes
- Knowledge of financial and tax regulations, compliance, and risk management
- Good project coordination skills and ability to work with multiple stakeholders.
- Ability to perform financial data analysis and assist in integrating diverse datasets from multiple sources.
- Strong proficiency in Microsoft Office Skills (Excel, Word, PowerPoint) and Think-Cell.
- Advanced English (excellent speaking and writing skills).
- Strong organizational skills, with the ability to manage multiple tasks and meet deadlines.
- Excellent communication and interpersonal skills, capable of working collaboratively with various stakeholders.
- Ability to work independently, while supporting broader team goals and initiatives.
- Analytical thinking, with the ability to assist in identifying challenges and supporting solutions.
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.