Incentives Servicing Officer at NJEDA in Trenton, New Jersey

Job Description:

Overview

Job Summary

Management and servicing of an assigned portfolio of incentive recipients over the duration of the grant/tax credit. Ensures annual employment compliance of incentives that support the issuance of the annual tax credit/grant payment. Utilizes specialized knowledge of the incentive projects to address and resolve complex recipient issues and requests.

$55,643 - $69,554

Responsibilities

Essential Duties and Responsibilities

1. Works closely with recipients and their CPA's to ensure project compliance with requirements of the incentive agreement, statutory requirements, regulations and policies governing the programs.

• Review and analyze a high volume of annual report submissions, addresses any deficiencies, and calculates the annual award.
• Verifies that recipient reported data complies with program guidelines and consistent with policy.
• Performs comparative analysis of the information provided by the recipients and information obtained by the NJ Division of Labor.
• Approves and advances annual certifications to the Division of Taxation for issuance of annual tax credit/grant payment/certification.
• Declines grant/tax credits when recipients have not met program requirements or the terms of their agreements. Facilitates the recapture of tax credits/grant payments if continued violation of the terms of their agreements.
• Conducts site visits to evaluate and assess continued adherence to the incentive program requirements. Document site visits with executive summary memoranda and checklists.
• Reviews recipient's requests for modifications to agreements and termination agreements and prepares recommendation memoranda for approval. Attends Project Review, Incentives Committee and NJEDA Board meetings to present projects and respond to questions regarding modification submissions and general program requirements.

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. Report on project/portfolio data upon request.

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.

Qualifications

Required Skills and Abilities

• Ability to manage a large, diverse portfolio of customers simultaneously
• Excellent customer relationship 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
• 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 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
• 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, SalesForce, SharePoint and the ability to learn new software packages

Required Qualifications

Education and Experience Requirements

• Bachelor's Degree and/or equivalent professional experience in Business, Finance, Insurance, or related field.
• Five 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.

PI129188007

Salary:

$55,643.00

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