Analyst / Senior Analyst (TAX-23-02)

The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of more than 90 City agencies and entities.

 

The Tax Policy, Revenue Forecasting and Economic Analysis Task Force is responsible for forecasting and monitoring trends in the local, national, and global economies, including tax revenue, unemployment, and population growth.

 

The Tax Policy arm of the Task Force is charged with forecasting the City’s tax revenue on a quarterly basis as well as tracking and analyzing tax collection trends. The City collects tax revenue from property taxes, income taxes (including the personal income tax and business income taxes), consumption taxes (including sales tax, hotel tax and utility tax) as well as property transfer taxes. Annually, the City collects more than $70 billion in tax revenue.

 

We are seeking an individual with interests in tax policy and economics, who would be primarily working on issues related to corporate income taxes and the personal income tax. Together, these taxes account for about 30 percent of total tax revenue and are highly volatile, making them interesting and challenging to forecast.

 

The analyst will work on both tax revenue forecasting and monitoring as well as tax policy change implications. The candidate will be required to:

 

·        Forecast tax revenue using historical data and econometric models.

·        Monitor daily collections and analyze to identify risks to the plan and recommend changes to the forecast.

·        Develop monthly cash flow statements.

·        Analyze State, Federal, and Local tax proposals to assess for fiscal impact.

·        Write memos and deliver presentations that clearly and concisely explain changes in the forecast and/or tax policies to senior leadership.

·        Answer key research questions related to the corporate income taxes and the personal income tax. In the past this has included research such as: changes in tax rates and structures triggered by state or federal actions, a tax credit for businesses that relocate to parts of NYC (REAP), the NYC Earned Income Tax Credit (EITC), and changes taxpayer migration patterns.

·        Assist with ad hoc projects within the task force.

·        Demonstrated quantitative and analytical skills, including the ability to use Excel formulas.

·        Excellent written, verbal, and interpersonal communication skills.

·        Resourceful problem-solver who seeks out answers to complex questions proactively.

·        Ability to work calmly and proficiently under pressure, prioritize tasks, and meet deadlines.

 

We encourage candidates of color to apply to this position even if they feel they do not meet each and every requirement listed here.

 

Analyst ($65,604+): Bachelor's degree in Public Policy Analysis/Administration, Economics, Statistics, Finance, Business, or related field and a minimum of two years of full-time experience in public policy analysis/administration, economic analysis/research, financial analysis, budgetary planning/management, or a related field; or an awarded master’s degree in Public Policy Analysis/Administration (MPA or MPP), Economics, Statistics, Finance, Business (MBA), or related field.

 

Senior Analyst ($73,806+): Bachelor's degree in Public Policy Analysis/Administration, Economics, Statistics, Finance, Business, or related field and a minimum of three years of full-time experience in public policy analysis/administration, economic analysis/research, financial analysis, budgetary planning/management, or a related field; or an awarded Master's degree in Public Policy Analysis/Administration (MPA or MPP), Economics, Statistics, Finance, Business (MBA), or related field, and one year of relevant experience.