Deputy Director of Budget
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About The Position
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' Qualified Pension Plan (QPP) is a defined benefit plan that provides members with a monthly retirement allowance upon meeting certain eligibility requirements. TRS members can also enhance their benefits with a Tax-Deferred Annuity (TDA) Program, which offers multiple investment options and tax-deferred earnings. 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. The Administrative Services Department is responsible for the daily operations of the agency, overseeing administrative support, facilities management, space planning, and essential office services, while managing an operating budget of $78 million. It plays a key role in TRS' administrative decision-making and reports directly to the Executive office. The department consists of the following units: Budget and Procurement, Document Management Department (DMD), Facilities, and Mailroom. 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.
