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ACOM ADFA FINANCE PROGRAM COORDINATOR

The Arkansas Development Finance Authority Finance (ADFA) Program Coordinator is responsible for evaluation of project feasibility for bond financings. This position is governed by state and federal laws and agency/institution policy.

Class Code:

A051C

Job Grade:

GS09

Special Job Requirements:

None

Typical Functions:

Originates, develops, and analyzes bond project proposals using specific criteria to determine if projects are qualified for bond issues. Formulates and negotiates details of bond/note resolutions and indentures with underwriting firms and bond counsels by obtaining opinions from authorities to ensure compliance with state and federal laws and regulations, working with state and local government officials to determine class of revenue involved, and developing bond packages to be underwritten. Researches and analyzes existing laws and coordinates with applicable specialists to restructure existing state statutes to allow bonds to be issued. Performs detailed analysis on proposed projects by analyzing and interpreting financial and pro forma statements, identifying available collateral, assessing national and international manufacturing trends, and identifying jobs created by proposed project to evaluate business risk. Prepares reports by compiling information and makes recommendations for funding proposed bond issues to Arkansas Development Finance Authority Board of Directors. Provides technical assistance to interested parties concerning bond issue development by responding to inquiries and compiling information. Coordinates and monitors applicants under a loan commitment letter by reviewing procedures and financial basis of applicant to ensure compliance with terms of the commitment letter. Ensures agency compliance with federal tax law, including arbitrage rebate, for bonds issued. Ensures proper financial reporting of bond issue, as needed. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of commercial leasing and lending principles and practices. Knowledge of federal, state and security laws and regulations governing the issuance of various types of bonds. Knowledge of various financial analytical and research methods and procedures. Ability to research, analyze, and evaluate information and to prepare narrative reports. Ability to understand and interpret statutes, rules, and regulations governing lending and bonding operations.

Minimum Qualifications:

The formal education equivalent of a bachelor’s degree in finance, business, accounting or a related field; plus four years’ experience in the banking/finance industry. Other job related education and/or experience may be substituted for all or part of these basic requirements. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Required Certificates:

None

Exempt:

E
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