Post-Approval Conditions Officer

US-NJ-Trenton
Job ID
2016-1271
Category/Department
Post-Closing Financial Services - Finance & Bond Portfolio Management

Overview

This position is responsible for monitoring approval conditions for real estate or job incentive grants and tax credit awards from the time of Board approval to closing.

$53,693 - $80,539

Responsibilities

Essential Duties and Responsibilities

 

  1. Serves as the primary customer relationship liaison for complex and significant monetary valued real estate and jobs incentives grants or tax credit award recipients, post approval through the closing.
  2. Reviews and thoroughly understands all legislative requirements of the incentive programs (Act, Regulations, Policies and Procedures)
  3. Monitors applicant’s compliance with conditions of approval prior to closing of grant/awards and ensures current financial and other information has been received, reviewed and is satisfactory to fulfill those conditions. 
  4. Develops a significant depth of knowledge of project movement throughout the organization and is responsible for coordinating over-lapping processes with Bonds and Incentive, Underwriting, Closing and Post-Closing.
  5. Meets with existing customers including senior level executives, business consultants and accountants to discuss grant/tax credit award agreements terms to ensure a thorough understanding of conditions required to fulfill the approval.
  6. Communicates timing issues, inconsistencies with submissions and has critical/difficult conversations to manage expectations/outcomes of finalizing awards.
  7. Negotiates with applicants to extend terms when required within established guidelines. Ensures extensions are completed timely and fees are remitted.
  8. Issues a post approval memorandum recommending closing to the Director and transfers to Closing Services to close, identifying and highlighting nuances of complex projects appropriate for continued scrutiny as projects move forward.
  9. Attends Incentives Committee and NJEDA Board meetings. Provides quarterly reporting memoranda to EDA’s board for approval extensions, and responds to questions that may arise from Committee and Board members regarding the projects and program requirements as required.
  10. Provides data and relationship support to Governance & Communication, Senior Leadership and the Business Action Center regarding all projects.
  11. Participates in discussions and offers recommendations for inter-agency process efficiencies and regulatory changes to the Director, Managing Director, SLT and Attorney General’s office based on historical program knowledge and administration of the real estate incentive programs with customers and partnering state agencies.
  12. Promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers.
  13. Performs other duties and special projects, as assigned.

 

Required Skills and Abilities

 

  • Excellent customer service skills
  • Strong analytical, technical and organizational skills
  • Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and work independently within limited time constraints with little or no supervision
  • Ability to manage a large, diverse portfolio of customers simultaneously
  • Must be able to develop a high level of proficiency in understanding and applying NJ statutory and EDA policy guidelines in order to effectively interpret Real Estate Incentive Agreements
  • Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
  • Strong decision-making ability
  • Ability to meet tight deadlines
  • Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
  • Proficiency in Microsoft Office Suite and have the ability to learn new software packages

 

Qualifications

Education and Experience Requirements

  • Bachelor’s Degree and/or equivalent professional experience in Business, Finance, Economic
  • Five years work experience in Business, Finance, Economic Development or related field
  • Real Estate Development, Economic Development and/or Commercial Lending preferred
  • Experience with legal documents a plus
  • Demonstrated experience with finance and secured lending a plus

 

Advanced degree or industry specific certification may be substituted for 1 year of experience

 

Physical Demands

  • Minimal
  • Ability to work outside normal business hours, as needed

 

Travel

  • As necessary to events, meetings, businesses, etc.

 

Certificates and Licenses Required

  • Valid driver’s license

 

Note

 

The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job description. Conversely, all duties performed on the job may not be listed. This job description is intended to convey information essential to understanding the scope, general nature and level of work performed by job holders within this job.  This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

 

Your employment at NJEDA is voluntary and subject to termination by you or NJEDA at will, with or without cause, or with or without notice, at any time.  Nothing in this job description shall be interpreted to conflict, eliminate or modify the employment-at-will status of NJEDA employees. 

 

This position is considered exempt and is excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers under the FLSA.

 

NJEDA reserves the right to amend/revise this job description as necessary to meet current and changing business needs.

 

Equal Opportunity Employer

 

Position Requirements

 

  • Must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
  • Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.

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