Job DescriptionJOB SUMMARYManages the Economic Development division's Salt Lake County finance portfolio. Puts together development finance agreements to improve neighborhoods, communities, and people's lives. Manages and strengthens relationships with external partner organizations.
MINIMUM QUALIFICATIONSBachelor's degree from an accredited college or university in Business Administration, Communication, Finance, Marketing, Economics, or other closely related field, plus five (5) years of related experience; OR an equivalent combination of related education and experience.
Due to the nature of this position, the successful applicant must pass a required background check through fingerprinting and enrollment in the continuous RAP Back (Record of Arrest and Prosecution Back) program in accordance with current County Human Resources policy requirements.
ESSENTIAL FUNCTIONS- Oversees the administration of the Tax Increment Financing (TIF) program for Salt Lake County.
- Manages TIF proposals from submission through Mayor and County Council approval, followed by compliance monitoring and return-on-investment evaluation.
- Performs due diligence on TIF proposals, reviewing pro formas to evaluate proposed financing gaps and market failures. Writes project memos to evaluate TIF proposals and brief County staff.
- Meets with municipal redevelopment agencies to discuss potential redevelopment projects, occasionally walking potential project areas or reviewing opportunities with other parties.
- Partners with municipal agencies and/or partner organizations on TIF proposals for any potential improvements.
- Coordinates with consultants to obtain sufficient due diligence or improvements on TIF proposals.
- Meets with property developers to discuss potential redevelopment projects and improve understanding of barriers to investment in the County, and increase awareness of industry issues.
- Meets with other taxing entities, non-profit, municipal, state, and federal organizations involved in development finance projects to build a strong consensus around the participation demographics in the various projects to understand how to target messaging and opportunities.
- Manages the Environmental Protection Agency (EPA) Revolving Loan Funds (RLFs), which require development of written policies and procedures, program design, marketing strategy, project screening and analysis, public/private partnerships, and a comprehensive approval process.
- Underwrites, services, and monitors all loans/sub-grants in portfolio, complies with all federal grant guidelines, and negotiates federal funding renewals.
- Actively builds and strengthens relationships with stakeholders and external partner organizations, while facilitating connections among them.
- Oversees research, strategy, partnerships, and contracts for applicable programs and projects as assigned.
- Manages oversight of active projects to ensure compliance and evaluate return on investment to inform future project participation.
- Works with research partners on collaborative studies to assess the return on investment of development finance projects.
- Assists in developing, analyzing, and submitting the annual revenue and expenditure budget plan and mid-year adjustments for applicable programs and ensures that project goals are met.
- Makes presentations to councils, commissions, business leaders, and the public on behalf of the Economic Development Director.
- Prepares publications, materials, business presentations, marketing collateral, and other educational materials.
- Performs data and statistical analysis; creates statistical reports, graphs, images, and lists to simplify complex data.
KNOWLEDGE, SKILLS, AND ABILITIES (KSA)
Knowledge of:- Tax Increment Financing (TIF)
- Federal grant management
- Program management, implementation, compliance, and monitoring
- Commercial real estate development, market analysis, and pro formas
- Research and data collection methods
- Program evaluation strategies and techniques
- Public hearing and public meetings procedures
- Community outreach methods and techniques
- Computer software, programs, and web writing related to job-specific duties
- Effective negotiation techniques and strategies
Skills and Abilities to:- Analyze and compile technical and statistical information, prepare technical reports, and present technical information clearly and concisely
- Communicate effectively both verbally and in writing and deliver public speeches, presentations, and trainings
- Perform budget planning and preparation
- Interpret and prepare market analyses and pro formas
- Interact effectively with various persons and groups
- Perform a variety of tasks at one time and work independently
- Supervise the collection, analysis, and interpretation of data
- Promote and advocate policy, goals, and initiatives
- Negotiate complex issues having broad policy implications with a variety of stakeholders
- Effectively apply general principles to specific situations and interpret and implement complex rules, regulations, policies, and procedures
- Prepare and present detailed reports
Additional InformationWORKING CONDITIONS AND PHYSICAL REQUIREMENTSWork duties are typically performed in a general office setting.
Position requires travel to various locations throughout the County.
