FINANCIAL PLANNING ANALYST
Job Number: 228112
Description
FINANCIAL PLANNING ANALYST
JOB ANNOUNCEMENT
Department of Housing and Economic Development
Number of Openings: 3
Under direction, perform financial planning, underwriting and financial
analysis of requests for Tax Increment Financing (TIF) assistance, District
performance monitoring and compliance, RDA performance monitoring and
compliance as well as assisting with TIF Designations and Amendments.
DUTIES
* Perform financial analysis of proposed development projects by
reviewing applications and evaluating the financial feasibility of projects,
the amount of public funds required, and the economic benefits to the public
sector
* Make recommendations regarding the City's participation in private
development projects to stimulate investment in designated areas
* Negotiate redevelopment agreements detailing the terms of the
project, including the financing mechanism for the City's payment of
eligible costs
* Manage the technical process of establishing a tax increment
financing (TIF) redevelopment area or district by ensuring the preparation
of required consultant reports and by preparing documents for use by
advisory review boards
* Monitor activities of ongoing development projects by reviewing
financial documents and approving payments for eligible costs to ensure
public funds are properly expended
* Meet with community and local elected officials to explain proposed
redevelopment projects and/or designations in their communities and obtain
their support. Meetings may occasionally take place in the evening or on a
weekend.
* Represent the department at various public hearings, special task
forces, or other committee meetings to give presentations and explain and
discuss financial planning, development projects, and designations as
required.
* Coordinate with other sections of the department to conduct various
reviews (e.g., architectural, construction, compliance) to ensure plans and
activities are in accordance with the City's plans and policies
* Other related duties as assigned
THIS POSITION IS EXEMPT FROM THE CAREER SERVICE
Qualifications
Graduation from an accredited college or university with a Bachelor's degree
in Finance, Business Administration, Accounting, or a directly related
field, plus five years of experience in financial analysis, or an equivalent
combination of education, training and experience, provided that the minimum
degree requirement is met.
Masters degree in Finance, Urban Planning, Business or related field
preferred
Disclaimer - "Accredited" means any nationally or regionally accredited
college, university, or law school where the applicant is enrolled in or has
completed an Associates, Bachelors, Masters, or Juris Doctorate degree
program.
KNOWLEDGE, SKILLS and ABILITIES
Advanced knowledge of:
* generally accepted accounting principles, methods, practices, and
procedures
* applicable financial analysis and management principles, methods,
practices, and procedures
* applicable computer software packages (e.g., accounting software,
financial software, spreadsheets) and applications
Considerable knowledge of:
* applicable federal, state, and local laws, regulations, and
guidelines
* loan lending, underwriting, and processing principles, methods,
practices, and procedures
Moderate knowledge of:
* generally accepted fiscal policy principles, methods, practices, and
procedures
* business trends
Some knowledge of:
* City tax ordinances and requirements
* generally accepted auditing principles, methods, practices and
procedures
* budget preparation and management methods, practices, and procedures
Preference will be given to candidates possessing the following:
* Proficiency with economic development and governmental incentives
* Experience analyzing and evaluating the feasibility of complex
financial proposals for major development projects, and coordinating project
funding with a variety of lending institutions
* Experience making recommendations regarding city participation in
private development projects to stimulate investment
* Proficiency in the application of financial planning and commercial
lending principles
* Experience reviewing Pro Forma and other project development budgets
* Proficiency with MS Office software applications
Education & Employment Verification- Please be advised that if you are
selected to be hired you must provide, upon request, adequate information
regarding your educational and employment history as it relates to the
qualifications of the position for which you are applying. If the City of
Chicago cannot verify this information, any offer extended to you will be
withdrawn and you will not be hired
NOTE: You must provide your transcripts or diploma, professional license, or
training certificates at time of processing, if applicable.
NOTE: There will be two rounds of interviews for this position. Candidates
who are invited to the second round of interviews will be required to
complete a skills assessment exercise. Results will be made available upon
written request to the Commissioner of the Department of Human Resources
once all ratings have been compiled and review of process has been
finalized. The interviewed candidate(s) possessing the qualifications best
suited to fulfill the responsibilities of the position will be selected.
VETERANS PREFERENCE NOTE: The City of Chicago offers Veterans Preference to
both current, active military personnel AND military personnel who have
served in the Armed Forces of the United States and have received an
honorable or general discharge. Eligible candidates must have at least six
months of active duty documented. In order to receive the veterans
preference, candidates need to indicate whether or not they are a veteran by
answering "yes" or "no" to the question on the online application that asks,
"Are you currently serving on active duty for at least six months in the
Armed Forces of the United States OR have you served in the Armed Forces of
the United States on active duty for at least six months and received an
honorable or general discharge?" In addition, you must attach documentation
to verify your military service. For veterans, you must attach a copy of
your DD214 to your online application which includes character of service
status OR a letter from the United States Veterans Administration on
official stationary stating dates of service and character of service. For
active military personnel, you must attach a letter from your Commanding
Officer on official stationary verifying your active duty, length of
service, and character of service in the Armed Forces of the United States
AND a copy of your military ID to your online application. Failure to answer
the question and attach the required documentation will result in you not
being considered for the Veterans Preference.
Evaluation: Your initial evaluation will be based on information provided on
the application form and documents submitted with the application.
Applications must be submitted by the individual applicant. No second party
applications will be accepted.
An employee must be an actual resident of the City of Chicago. Proof of
residency will be required at the time of employment.
If you are disabled and require a reasonable accommodation to file your
application, please contact the City of Chicago, Department of Human
Resources at 312-744-4976, TTY: 312-744-5035. You will be required to
provide information regarding your request.
ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED
FROM ANY AND ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.
City of Chicago is an Equal Opportunity/Affirmative Action Employer
City of Chicago Department of Human Resources
Rahm Emanuel, Mayor Soo Choi, Commissioner
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