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ACOM AEDC BUSINESS FINANCE DIRECTOR

The Arkansas Economic Development Commission (AEDC) Business Finance Director is responsible for managing the lending function of the Arkansas Economic Development Commission by reviewing

Class Code:

N061N

Job Grade:

GS15

Special Job Requirements:

0

Typical Functions:

Maintains the relationship with the Arkansas Economic Development Commission by reviewing, presenting and recommending credit requests for approval by the Commission, makes regular reports on the current portfolio of companies with guaranteed bonds, makes regular reports on the bond guaranty reserve account levels; recommending projects for approval, works with professionals to insure that bond issues are closed in accordance with the requirements of the Commission approval. Manages the investments of the Bond Guaranty Reserve Account to attain maximum return while maintaining the safety of the principal by working closely with an investment professional that understands the goals of the investments. Maintains relationships and working in partnership with other economic development organizations. Manages the Community Development Block Grant and Bond Guaranty loan portfolios to insure the quality by establishing and maintaining a credit rating system to keep apprised of each borrower’s current fiscal condition. Manages the daily operations and budget functions of the Business Finance Division. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of general credit granting guidelines and practices. Knowledge of basic accounting principles. Knowledge of bankruptcy and collection laws. Knowledge of state industrial revenue regulations and requirements. Ability to analyze complicated business financial statements. Ability to make safe and sound investment decisions. Ability to prepare written reports. Ability to supervise a subordinate professional and administrative support staff.

Minimum Qualifications:

The formal education equivalent of a bachelor’s degree in business, accounting, finance, economics or a related field; plus nine years of progressively more responsible experience in economic development finance or a related field, including five years in a professional managerial capacity.

Required Certificates:

0

Exempt:

E
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