What are the responsibilities and job description for the Financial Analyst position at Virginia Economic Development Partnership?
Job Description
Job Description
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 :
Experience :
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