Input - Budget Manager
Looking for some input on a role from strangers on the internet. I'll be as concise as possible, but there's a lot of aspects I need to cover.
. The short version is that this a pay cut, but I'm hoping the experience will both help me ride out this economic downturn and help me recover my career from the COVID-forced detour into Finance Software.
Current Role: I'm the main administrator/developer for the forecasting, analytics, and budget modeling software at a large NYC onprofit. Current compensation: 115-135 with a 40 hour work week. Low revenue is forcing " optimzations" and my previous supervisor's position was eliminated during Q2. However they have nobody else dedicated to this particular system.
Exit opportunities seem largely restricted to consulting or workin in the same system. However I have been able to sell my way to interviews at FP&A in smaller companies.
Other Role: Budget Manager for a mid-sized metropolitan area. I will have direct reports and will be responsible for the budget of multiple city departments. This also involves developing operating forecasts, maintaing relationships with the heads of those departments, and devloping research reports into various financial issues/projects/proposals.
Based on the job description this looks like it would be equivalent to a Manager of FP&A role in most corporate environments. However, because of where this is located all in comp is low at 90k albeit in an extremely low COL area and with an extremely robust benefits package (which I estimate will cut out over 1k/month in expenses).
Job security is obviously extremely good and this particular city is one of few in the US that has a positive economic outlook (red state, county, and city with an economic base that benefits from current manufacturing and defense needs).
I've spoken with a few friends and most have looked at the specific resume bullets, then recommended me to just buckle down on expenses and deal with it for a few years in order to make a good lateral happen.