What are the responsibilities and job description for the Financial Analyst position at Virginia Economic Devel Partnership?
The Virginia Economic Development Partnership (VEDP) is seeking a Financial Analyst in the Incentives Division to provide support with financial due diligence and management of the data center MOUs.
Responsibilities:
- Participate in internal and external discussions regarding potential economic development projects and possibility of any associated VEDP-administered incentives and other appropriate incentives
- Be a resource to staff in conducting all aspects of financial analysis and reputational due diligence as part of the Project Review and Credit Committee (PRACC) process
- Coordinate with divisions and units to ensure the applicable documentation has been prepared for review by PRACC
- Participate in PRACC meetings to answer questions, present analytical findings, and develop consensus from PRACC on recommendations to the Secretary of Commerce and Trade, Governor, and Major Employment and Investment (MEI) Project Approval Commission
- Ensure documentation and metrics associated with PRACC recommendations are properly included in Salesforce and align with financial summary documentation
- Support divisions with the development and execution of new DCRSUTE MOUs, including the development of materials to seek approvals from MEI Project Approval Commission
- Review and analyze extension requests; prepare documentation for PRACC/VEDP Board/MEI Review
- Assist with annual and final reporting, including notification of upcoming due dates or past due reporting
- Verify capital investment and employment metrics utilizing data from local Commissioners of the Revenue and Virginia Employment Commission
- Assist with repayment of all VEDP-administered incentives to ensure funds are successfully returned to the Commonwealth within designated timeframe
- Provide reports as requested by Executive Office, Board, or Incentives Division
- Coordinate with staff to develop a user-friendly website to report status and performance of grant programs
- Develop and maintain financial and statistical reports on each of the incentives and grants administered by VEDP
- Coordinate with incentive-administering state agencies to ensure data collection and reporting is completed to maintain and improve Virginia’ transparency rankings
Skills:
- Working knowledge of economic development processes and local and state government principles and practices
- Familiarity with business and accounting principles
- Proficiency in conducting fiscal impact analyses
- Knowledge of statistical techniques, software, and data sources
- Demonstrated ability to develop goals, plan and implement projects, work with others to negotiate issues effectively, and to formulate and communicate recommendations.
- Experience with Microsoft Office required.
- Excellent analysis and problem-solving skills
- Excellent communication (verbal and written) and interpersonal skills
- Excellent attention to detail, as written work will often be carefully scrutinized and relied upon by management
- Ability to work independently as well as collaboratively
- Ability to prioritize work and effectively manage multiple projects
- Exhibit sound judgement in making decisions
Experience:
- Minimum of three years’ experience in finance or a related field
Being authorized to work in the U.S. is a precondition of employment. VEDP uses the E-Verify system and does not provide sponsorship.
All candidates must apply through our website https://www.vedp.org/careers. A valid Virginia’s driver’s license is required. Salary minimum: $65,000.00. Application deadline: February 21, 2025.
VEDP is an Equal Opportunity Employer. All applicants are considered for employment without regard to race, sex, color, national origin, religion, age, veteran status, political affiliation, genetics, or against otherwise qualified individuals with disabilities. It is VEDP’s intent that its employment and personnel policies and practices conform to all applicable federal, state and local laws and regulations regarding non-discrimination and affirmative action. Applicants requiring more information or requiring assistance may contact VEDP Human Resources at 1-804-545-5634 or vedphr@vedp.org. TDD 1-800-828-1120.
Salary : $65,000
