Financial Analyst - Business Funding and Incentives

Full Job Description

The Office of Economic Development and International Trade (“OEDIT”) was created to foster a positive business climate that encourages quality economic development through the support of local and regional economic development activities throughout the State of Colorado. A comprehensive slate of programs within OEDIT’s divisions work together to offer economic development services for all Colorado businesses - new and expanding, traditional and emerging, small and large – including retention programs to ensure continued competitiveness of Colorado’s economic base, and job training to keep Colorado’s workforce the best in the nation.

Requirements

This program Financial Analyst position is within the Business Funding and Incentives (BF&I) division of OEDIT and supports the Colorado Office of Film, Television and Media (COFTM) (70%/30%).

BF&I manages a number of economic development programs. This position will focus mainly on the Job Growth Incentive Tax Credit and the Strategic Fund programs and the Film Production Tax Credit.

These programs are three of the main tools the Economic Development Commission uses to attract, retain, and expand business activity in the State.

The person filling this position will assist the Deputy Director in the administration of these and other programs.

The ideal candidate will have a keen interest in working with datasets to identify and correct data anomalies and perform financial analyses of public and private companies.

This individual will also be organized, communicate well, work with the companies who are incentive recipients, have strong financial skills, and can work independently as well as within a team.

BF&I Specific Duties Include:

Perform summary financial analysis on the companies applying for state incentives. Including communicating with applicants to obtain the required information needed to perform the analysis.

Then summarize findings in a report that will be evaluated by the Colorado Economic Development Commission (EDC)

Calculate the performance and incentive amounts for companies already granted awards by the commission

Analyze program data to find and correct errors, to evaluate program performance, and make ad-hoc reports.

Respond to legislative and public information requests under tight deadlines

Support meeting preparation and compiling materials

Utilize economic and demographic data sets

Track program metrics and support program analysis and evaluation. Coordinate collection and validation of data. Work with databases

Prepare and track budgets for grants and programs, collaborating with accounting and senior staff

Maintain and improve program guides and provide data for web pages

Support other BF&I team members in financial, analytical, reporting, accounting and payment processing duties particularly during peak load work periods

Special Assignments. Takes on other assignments and special projects per direction from the Division Director

Other programs and duties: Transferable Tax Credits, Extension of Certain Tax Credits, cross training on other tax credits.

This position also supports Colorado Office of Film, Television and Media (COFTM).

This position will work with both the internal team including BF&I supervisor and external stakeholders to implement and enhance processes, procedures, and internal controls, on the Film Production Tax Credit, including financial review, and will assist with current program initiatives in order to maximize job growth and economic impact of the film industry throughout the state.

COFTM Specific Duties Include:

• Understand, monitor and communicate statutes related to the Film Production Tax Credit program. Assist with policy and guideline development pursuant to statute

• Drive improvements to application and project submission systems

• Coordinate, administer, and make improvements to periodic CPA training to communicate both statutory and policy requirements. Maintain COFTM’s approved CPA list

• Evaluate CPA summaries and corresponding records for cash, tax credit and other incentive projects against eligibility criteria including compliance with statutes

• Utilize economic and demographic data sets

• Track program metrics and support program analysis and evaluation. Coordinate collection and validation of data. Work with databases

• Occasionally support other COFTM team members in financial, analytical, reporting, accounting and payment processing duties particularly during peak-load work periods

Disclaimer: This job posting provides a high-level job definition. It is not intended to provide a comprehensive or exclusive list of job duties. As such, job duties and/or responsibilities within the context of this job posting may change at the discretion of the employee’s direct supervisor.

Qualifications

Minimum Qualifications:

• Expert Excel skills required including; ability to design, construct, and modify complex pivot tables and financial models and use advanced data analysis functions in Excel

• Three years of experience in program administration, detailed business processes, financial analysis and evaluation of companies

  • Or: Bachelor’s degree in finance, business administration, economics, CPA designation, or closely related field.

Preferred Qualifications:

• Experience in government program administration that involved supporting a variety of programs and time-lines

• Experience with interpreting statute and contract requirements

• Experience with the State accounting system (CORE) and knowledge of Colorado fiscal rules.

Required Competencies:

Personal Integrity and Responsibility: a high level of personal responsibility for time-management, prioritizing deliverables under a heavy work-load, and driving results for the public good with a high degree of autonomy. Highly organized with strong attention to detail.

Computer Skills: This position requires intermediate to advanced computer skills. Microsoft Excel - create models, manipulate datasets, use formulas, link data, and create pivot tables.

Microsoft Word – write memos and letters and utilize a variety of formatting options. Preferred; Salesforce reporting and development.

Financial Literacy: Review and interpret business Income Statements, Balance Sheets, Capitalization Tables and Breakeven Forecasts. Knowledge of early-state business financing tools.

Customer Service and Communication: demonstrate a commitment to excellent service. Effective and diplomatic written and verbal communication.

Flexibility: Willingness to take on other, new, related duties and special projects as required by management. Able to adjust to new priorities and changing requirements and processes.

Passion: for OEDIT's Mission and the State of Colorado

Preferred Competencies:

Adaptability: Adapt quickly to change; able to handle multiple issues and navigate through resources in a calm, organized manner; open to new ideas and methods.

Critical thinking: Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to program issues. Strong analytical aptitude.

Service orientation: passion for public service and desire to effect positive change.

Additional Information

Salary Range: $65,000 - $80,000 Annually

This position is considered non-classified, which means the position is not part of the Colorado State Personnel System.

Therefore, the individual appointed to this position is considered at-will, and is not covered by the State Personnel Rules or the State Classification System.

However, this position does come with the same benefits (retirement, insurance, etc.) as every other State employee, and with the same opportunities, pride and passion that comes with working for the great State of Colorado.

Even though employment is at-will, non-classified positions have protections against discrimination and retaliation in state and federal employment laws.

“At-will” employment means that either the employee or the State may terminate the employment relationship at any time for any reason or no reason, with or without notice or cause, as long as no federal or state law is violated.

A wide salary range is posted for this position and any job offer is based upon a salary analysis to comply with the Colorado Equal Pay for Equal Work Act.

The salary analysis considers relevant experience, education, certifications, and state seniority as compared to others doing substantially similar work.

While all offers are compliant with the Colorado Equal Pay for Equal Work Act, there is no guarantee an offer will be at the top of the posted range based on the salary analysis.

Benefits

The State of Colorado/Office of the Governor offers generous benefits to full-time employees including:

• Annual leave accrued at 13.33 hours per month

• Sick leave accrued at 6.66 hours a month

• 11 paid holidays per year

• Medical plans - choice of Cigna or Kaiser; several plan options (including High Deductible Health Plan with HSA); most plans offered with significant state contribution towards premium

• Dental and vision plans

• Flexible spending accounts

• State-paid life insurance policy of $50,000

• Choice of 2 retirement plans (defined contribution or defined benefit) with generous state contribution

• Optional 401(k) and 457 plans for additional retirement savings

• State-paid short-term disability coverage

• Additional optional life and disability plans

• Access to the Colorado State Employee Assistance Program

• Membership opportunity with the Credit Union of Colorado

• RTD (transit) EcoPass

• Training and professional development

To learn more about State of Colorado benefits, please visit: https://www.colorado.gov/dhr/benefits

Equity, Diversity and Inclusion

The State of Colorado believes that equity, diversity, and inclusion drive our success, and we encourage candidates from all identities, backgrounds, and abilities to apply.

The State of Colorado is an equal opportunity employer committed to building inclusive, innovative work environments with employees who reflect our communities and enthusiastically serve them.

Therefore, in all aspects of the employment process, we provide employment opportunities to all qualified applicants without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity or expression, pregnancy, medical condition related to pregnancy, creed, ancestry, national origin, marital status, genetic information, or military status (with preference given to military veterans), or any other protected status in accordance with applicable law.

To learn more about the “State of Colorado For All”, visit our Equity, Diversity, and Inclusion website.

ADAAA Accommodations

The Office of the Governor is committed to the full inclusion of all qualified individuals.

As part of this commitment, our agency will assist individuals who have a disability with any reasonable accommodation requests related to employment, including completing the application process, interviewing, completing any pre-employment testing, participating in the employee selection process, and/or to perform essential job functions where the requested accommodation does not impose an undue hardship.

If you have a disability and require reasonable accommodation to ensure you have a positive experience applying or interviewing for this position, please direct your inquiries to our ADAAA Staffing Coordinator, the Director of Human Resources: jennifer.salvatore@state.co.us

Application

Your application must provide sufficient detail about your background and experience to allow the screening panel to properly assess your experience in the required elements, including your experience and achievements.

Due to the large volume of resumes we receive, we do not acknowledge receipt of each application and are unable to give status updates.

If a strong match is found between your qualifications and the requirements of the position, a member of the recruiting staff will contact you to further discuss the career opportunity.