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    FINANCIAL PLANNING ANALYST - Chicago, United States - City of Chicago

    City of Chicago
    City of Chicago Chicago, United States

    1 week ago

    Default job background
    Description
    FINANCIAL PLANNING ANALYST - EXCLD (Economic Development)

    Job Number
    :

    395444

    Description


    JOB ANNOUNCEMENT
    FINANCIAL PLANNING ANALYST-EXCLD (Economic Development)

    DEPARTMENT OF PLANNING & DEVELOPMENT

    Bureau of Economic Development

    Number of Positions
    :

    4

    Starting Salary
    :

    $86,520.00


    Under direction, performs financial analysis, monitoring, and compliance for the City's economic development incentives, including Tax Increment Financing (TIF), Neighborhood Opportunity Fund (NOF), property tax abatement projects, and new project development.

    This may include underwriting financial data, preparing amortization schedules, and calculating promissory note payments, monitoring project-specific or district-level metrics, performance, and ensuring accountability with redevelopment agreements (RDA), and managing associated community engagement and legislative processes.


    ESSENTIAL DUTIES
    Performs 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

    Manages project development for some City-led development projects, including developing financial estimates, overseeing pre-development planning, and collaborating with other stakeholders

    Negotiates redevelopment agreements detailing the terms of the project, including the financing mechanism for the City's payment of eligible costs

    Makes recommendations regarding the City's participation in private development projects as well as resolve projects with compliance issues, and works to ensure projects achieve resolution

    Reviews requests for the payment of City funds, performs payment calculations, analyzes Cook County PIN data, and confirms compliance with existing redevelopment agreement terms and conditions

    Monitors activities of ongoing development projects by reviewing financial documents and approving payments for eligible costs to ensure public funds are properly expended

    Assists in proposing, developing, and operationalizing new policies, strategies, or processes that improve the performance of the City's financial incentives


    Meets 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

    Represents 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 designation as required

    Collaborates with other sections of the department to conduct various reviews (e.g., architectural, construction, compliance) to ensure plans activities are in accordance with the City's plans and policies

    Additional duties may be required for this position

    Location
    :

    City Hall, 10 th

    Floor

    Days
    :

    Monday - Friday (occasional weekend hours may be required)

    Hours
    :

    8:
    30am - 4:
    30pm (occasional evening hours may be required)


    THIS POSITION IS IN THE CAREER SERVICE
    Qualifications


    MINIMUM QUALIFICATIONS
    Graduation from an accredited college or university with a Bachelor's degree in Finance, Business Administration, Accounting, or a directly related field, plus three (3) years of experience in financial analysis,


    OR


    Graduation from an accredited college or university with a Master's degree in Finance, Business Administration, Accounting, or a directly related field, plus two (2) years of experience in financial analysis.


    SELECTION REQUIREMENTS


    This position requires applicants to complete an interview which will include a skills assessment and/or written exercise as part of the interview.

    The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.

    Preference will be given to candidates possessing the following
    :

    Previous experience evaluating real estate development project financials

    Previous experience reviewing amortization schedules and pro forma in relation to loan underwriting

    ALL REFERENCES TO POLITICAL SPONSORSHIP
    ORRECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED F
    ORCITY EMPLOYMENT.

    The City of Chicago in an Equal Employment Opportunity and Military Friendly Employer.

    City of Chicago

    Brandon Johnson, Mayor

    Applications for this position will be accepted until 11:
    59pm CDT on 05/03/2024
    Job Posting

    :

    Apr 12, 2024, 5:
    00:
    00
    AM
    |

    Closing Date (Period for Applying) - External

    :

    May 4, 2024, 4:
    59:
    00


    AM

    BU
    :

    20

    |

    Salary

    :

    $86,520.00

    Pay Basis

    :

    Yearly
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