Economic Development Financial Specialist

GENERAL SUMMARY: The Economic Development Financial Specialist plays a key role in supporting the City’s economic development initiatives through expert financial management and project oversight, with a focus on Tax Increment Financing (TIF). This position is responsible for projecting and tracking TIF revenue, ensuring compliance with applicable regulations, managing rebate payments, and assisting in the development of related budget forecasts.

This role requires close collaboration with the Finance Department, City Attorney’s Office, and other internal and external partners to ensure alignment between financial strategy and development goals. This position contributes to the City’s efforts to improve organizational performance through data analysis, cross-departmental collaboration, and outcome-focused project management.

DISTINGUISHING FEATURES OF THE CLASS: The Economic Development Financial Specialist is responsible for projecting TIF revenue, preparing compliance reports, managing rebate payments, and assisting with TIF-related budget forecasts. This position works closely with the Finance Department and City Attorney’s Office to ensure the fiscal integrity of economic development projects. The role also supports internal efforts to build a data-driven, results-focused organization through cross-departmental collaboration and performance measurement.

The employee reports to the Economic Development Director, with work reviewed through reports, meetings, and outcomes achieved.

JOB DUTIES:

• Develop, maintain, and analyze models to project Tax Increment Financing(TIF) revenue, incorporating historical data, market trends, and economic conditions.

• Prepare and submit TIF compliance reports, ensuring adherence to local, state regulations, and all TIF guidelines and deadlines.

• Oversee the processing, disbursement, and reconciliation of TIF rebate payments, ensuring accurate financial records in collaboration with the finance team.

• Assist in preparing budget projections related to TIF revenues and expenditures, aligning economic development goals with fiscal responsibilities.

• Provide analysis and reports to support informed decisions on TIF fund allocation and economic development financing.

• Collaborate with city departments, stakeholders, and external partners to support and manage economic development projects.

• Monitor project progress, performance metrics, and financial outcomes to ensure alignment with city objectives and financial strategy.

• Assist in developing financial policies, procedures, and innovative financing methods to enhance economic development efforts.

• Manage leases, use agreements, grants, and public/private partnership projects.

• Stay current on TIF regulations and economic development trends through workshops, conferences, and training sessions.

• Perform other duties as assigned.

KNOWLEDGE, SKILL AND ABILITIES:
• Economics, Finance, and Accounting: Knowledge of current practices and principles used in budget development, implementation, monitoring, and
administration; familiarity with governmental accounting procedures.
• Administration and Management: Understanding of strategic planning principles, organizational development, resource allocation, and coordination of people and
resources.
• Mathematical Reasoning: Ability to apply mathematical concepts to solve financial problems.
• Customer Service Orientation: Skills in assessing customer needs and providing quality services.
• Active Listening and Communication: Ability to engage with stakeholders effectively.
• Monitoring and Idea Creation: Capability to evaluate group performance and suggest enhancements.
• Critical Thinking and Problem Solving: Proven analytical skills to address complex financial issues.
• Information Organization: Proficient in systematizing financial information for reporting purposes.MINIMUM QUALIFICATIONS:

• Bachelor’s degree in finance, accounting, economics, public administration or a related field.

• A minimum of five (5) years of experience in financial analysis, project management, or economic development; or an equivalent combination of
experience and training.

PREFERRED QUALIFICATIONS:

• Strong…