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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 the analysis of projects completed by business finance staff and presenting and recommending projects for approval to the agency or executive management. This position is governed by state and federal laws and agency policy.
Class Code:
N061N
Job Grade:
GS15
Special Job Requirements:
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:
Exempt:
E
