JOB ANNOUNCEMENT

FINANCIAL PLANNING ANALYST – EXCLD

DEPARTMENT OF PLANNING DEVELOPMENT

Bureau of Economic Development

Number of Positions: 2

(additional vacancies possible pending budget approval)

Starting Salary: $89,112.00

New hires are paid the starting rate. Current employees’ pay rate is determined by their job title and years of service

Applications for this position will be accepted until 11:59pm CDT on 10/01/2025

Department of Planning Development Website

Under direction, performs financial analysis, prepares recommendations, and leads legislative approval 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 will include underwriting individual projects, evaluating qualitative and quantitative metrics, reviewing developer and project financial data, preparing internal and public briefings of incentive recommendations, predevelopment management and associate community engagement, negotiation of redevelopment agreements (RDA), and progressing awarded projects through the 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, and collects all project documentation necessary for redevelopment agreement execution and closing

· Makes recommendations regarding the City’s participation in private development projects, resolves project issues, and works to ensure projects achieve resolution for redevelopment agreement execution/closing

· Responsible for the day-to-day management of project pipeline, progressing each project through the internal review and legislative processes, while communicating with supervisor(s) until project closing

· Serves as a subject matter expert related to capital structuring, development finance, and general commercial real estate development for all City departments

· Provides feedback to developers and applicants regarding applications, projects, and program requirements prior to and following incentive submission deadlines

· 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, 10th Floor

Days: Monday – Friday (occasional weekend hours may be required)

Hours: 9:00am – 5:00pm (occasional evening hours may be required)

THIS POSITION IS IN THE CAREER SERVICE