• Tax Credit Compliance Officer

    Location US-NJ-Trenton
    Job ID
    2018-1335
    Category/Department
    Post-Closing Financial Services - Incentives Compliance
  • Overview

    This position is responsible for working directly with incentives recipients, consultants, and CPAs to review and request the issuance and transfer of annual tax credits to the Division of Taxation. This position also monitors and ensures post-payment contract compliance for a high-volume portfolio of incentive recipients.

     

    $48,540 - $60,675

    Responsibilities

    Essential Duties and Responsibilities

     

    • Works closely with recipients, consultants, and CPA’s to review and analyze tax credit and tax credit transfer documents for accuracy and consistency with incentives programs’ statutes and regulations. Approves and advances annual tax credit documents and transfer applications to the Division of Taxation for issuance/transfer of the annual tax credit. 
    • Prepares tax credit schedule to recipients upon request.
    • Administers a post payment portfolio of incentives recipients. Reviews and analyzes post payment report submissions and addresses any deficiencies and/or defaults with the recipients and its representative(s). 
    • Rescinds grants/tax credits when recipients have violated statutory requirements or have not met the terms of their agreements. Facilitates the recapture of tax credits/grant payments if continued violation of the terms of their agreements.
    • Reviews recipient requests for modification to agreements and termination agreements and prepares recommendation memoranda for approval.
    • Attends Incentives Committee and NJEDA Board meetings to present projects and respond to questions from Board members regarding modification submissions and general program requirements.
    • Coordinates the department’s efforts to notify Incentives recipients required to submit an annual report, a tax credit application, and ensures annual reports are certified by Division of Taxation, where necessary and tax credits are issued timely.
    • Maintains project data to reflect annual award estimates for budget funded programs and projects awarded tax credits to assist the Compliance and Budget Reporting Officer with OMB/Treasury reporting.
    • Prepares informational activity reports for the Board, Incentive Committees, and when requested from the Managing Director and/or Sr. Leadership Team.
    • Promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers.
    • Perform other duties or 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
    • Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
    • Proficiency in Microsoft Office Suite and have the ability to learn new software packages

     

    Qualifications

    Required Qualifications

     

    Education and Experience Requirements


    • Bachelor’s Degree and/or equivalent professional experience in Business, Finance, Economic Development, Insurance, or related field.
    • Minimum 2-5 years’ work experience in Business, Finance, Insurance, Economic Development, or related field
    • Experience with legal documents preferred

    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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