• Incentives Relationship Officer

    Location US-NJ-Trenton
    Job ID
    2018-1336
    Category/Department
    Finance & Development - Post-Closing Financial Services - Incentives Relationship Management
  • Overview

    Job Summary

     

    Manages customer relationships of a high-volume portfolio of incentive recipients through the overall certification of the project and the first annual issuance. Reviews and approves overall cost certifications and job certifications to recommend the overall issuance of tax credits.  Utilizes specialized knowledge of the incentive projects to address and resolve complex recipient issues and requests.

     $55,643 - $69,544

    Responsibilities

    Essential Duties and Responsibilities

     

    • Works closely with recipients, consultants, and CPAs to understand project completion timelines and to discuss requirements of the tax credit agreements, statutory requirements, regulations, and policies governing the programs. 
    • Conducts site visits at the qualified business facility to evaluate and assess project progress and adherence to the incentive program requirements and to develop cross-selling opportunities for EDA products/services. Document each site visit in executive summary format with checklist.
    • Reviews CPA capital investment and CFO jobs certifications.  Coordinates with the RM Tax Credit Coordinator to ensure that authorizations are sent to and tracked with the Division of Taxation for the overall and first annual issuance of tax credits or grant payments.  Rescinds grants/tax credits when recipients have violated statutory requirements or have not met the terms of their agreements.
    • Reviews customer requests for modifications to 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.
    • Supports and provides guidance to Incentives Post Approval and Servicing & Compliance Officers to address and resolve complex customer issues which may surface post-approval through the duration of the commitment.
    • Provides monthly reporting to the Director.
    • Promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers.
    • Performs other duties or special projects, as assigned.

     

    Required Skills and Abilities

     

    • Ability to manage a large, diverse portfolio of customers simultaneously
    • Strong organizational skills and eye for detail
    • 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
    • Must be able to develop a high level of proficiency in understanding and applying NJ statutory and EDA policy guidelines to effectively interpret 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
    • Must be able to work outside the normal business hours
    • 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. 
    • Proficient in Microsoft Office Suite and 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, Insurance, or related field.
    • Minimum 5 years’ work experience in Business, Finance, Insurance, 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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