SENIOR CLOSING OFFICER

Company: NJEDA
Location: Newark
Posted on: November 6, 2024

Job Description:

OverviewJob SummaryEDA OverviewJoin the NJEDA and help lead New Jersey to sustainable economic growth, fostering equitable opportunities and vibrant communities. We offer hybrid work, a supportive culture, and robust benefits, including health insurance, retirement plans, and extensive wellness programs. Come make a tangible impact and shape New Jersey's future with innovative economic development at NJEDA.Job Overview

• Serves as primary resource and subject matter expert (SME) to Authority staff and customers regarding closing incentives and grants ("Serviced Products").
• Ensures all Serviced Products are closed in a timely and accurate manner, while advancing program and business objectives.
• Capable of prioritizing tasks and communicating effectively while managing a high volume of work.$76,184 - $95,230Note: The NJEDA currently offers a hybrid work schedule for up to 2 days of telecommute work from home. To participate, you will be required to have high speed home internet access and a manager's approval. This program does not supersede the New Jersey First Act, which requires newly hired NJEDA employees to establish and then maintain, principal residence in the State of New Jersey.ResponsibilitiesDutiesDaily Tasks and Responsibilities:
  • Manages and closes assigned Serviced Products in a timely and accurate manner.
  • Drafts and negotiates incentive and grant agreements and reviews and drafts modification documents to ensure accurate and timely completion of amendments.
  • Evaluates and updates incentives and grant product workflow processes, policies, and procedures to enhance efficiencies for customers and staff, and communicates changes to the department and EDA staff as needed.Projects:
    • Evaluates and updates incentives and grant product workflow processes, policies, and procedures to enhance efficiencies for customers and staff; communicates changes to relevant EDA staff; mentors and trains less experienced Closing Services staff; represents the department on cross-functional teams for new product development, including developing product documents and handling closing or post-closing activities; and participates in special projects and additional duties as needed to support department workload and Authority initiatives.Goals and Objectives:
      • Oversee all aspects of closing and modification activities for assigned incentives and grants, including the detailed review of legal documents and due diligence, as well as the preparation of legal documents and new program template documents related to these processes.Successfully close and/or draft a targeted number of products or agreements in alignment with the department's annual objectives.Collaboration and Cross-Divisional Interaction:
        • Ability to communicate and collaborate effectively with other Authority business unites, senior executives, business consultants, customer legal counsel, DAGs and other internal and external stakeholders to finalize and/or update the Authority's standard documents and processes, and ensure these changes are clearly communicated to Closing Services staff.Reporting Structure:
          • Reports to Manager - Product Operations Closing, and Vice President - Product Operations.
          • Ability to work autonomously with minimal supervision.
          • Must complete annual self-assessment as required.
          • Performs other duties and special projects, as assigned.QualificationsSkills and Qualifications Technical Skills:
            • Familiar with advanced legal terminology and documents with emphasis in areas of incentive and grant transactions.Soft Skills:
              • Must be highly organized, detail-oriented, and able to handle multiple responsibilities simultaneously, working independently under tight deadlines with minimal supervision.
              • Must be able to develop a high level of proficiency in understanding and applying NJ statutory and EDA policy guidelines in order to effectively interpret, prepare, and/or close incentive and grant agreements.Certifications:
                • Paralegal certificate or degree preferredExperience:
                  • Seven plus years experience in legal, financial or banking environment with an emphasis in tax-exempt bond financing.
                  • Advanced degree or industry specific certification may be substituted for 1 year of experienceEducation:
                    • Bachelors Degree and/or equivalent professional experienceSoftware/Tools Proficiency:
                      • Experience with Customer Relationship Management ("CRM") System preferred.
                      • NJEDA utilizes Microsoft as the core application platform and proficiency in the Microsoft Office Suite is preferred.Additional Information
                        • Minimal physical demands and ability to work out normal business hours
                        • Travel expected when necessary for business operationsCertificates and Licenses Required
                          • Staff are required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essentials duties of the position.Note The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job description. Conversely, all duties performed on the job may not be listed. This job description is intended to convey information essential to understanding the scope, general nature and level of work performed by job holders within this job. - This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.Your employment at NJEDA is voluntary and subject to termination by you or NJEDA at will, with or without cause, or with or without notice, at any time. - Nothing in this job description shall be interpreted to conflict, eliminate or modify the employment-at-will status of NJEDA employees. - This position is considered exempt and is excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers under the FLSA.NJEDA reserves the right to amend/revise this job description as necessary to meet current and changing business needs.NJ SAME Program -In accordance with P.L. 2021, c. 465 and P.L. 2021, 466, the SAME program was established to enable New Jersey State agencies to hire, promote, retain, and advance qualified individuals whose physical or mental impairments impact their abilities to participate in the hiring and promotion process for non-competitive and unclassified titles within the State workforce. The SAME program allows candidates, who identify as having a significant disability, to apply for non-competitive and unclassified positions through a fast track hiring process. This program uses a fast-track process that permits people who are eligible for the program to request that the State appointing authority schedule with them a good faith interview. For more information about the SAME program and the Fast Track Hiring program, please Click Here. -If you have any questions, please email, or call the contact as indicated on the job vacancy announcement.This posting open to eligible applicants regardless of SAME eligibility.Equal Opportunity Employer -Position Requirements
                            • Foreign degrees/transcripts must be evaluated by a reputable evaluation service at your own expense and must be submitted prior to a start date. If this cannot be provided within 21 days of an offer the offer will be rescinded.
                            • Must comply with the "New Jersey First Act" which requires employees hired after September 1, 2011, to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
                            • Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.
                            • Must review the required NJ State Ethics Guidelines found on the state website.
                            • Selected candidates must be authorized to work in the United States per the Department of Homeland Security, United States Citizenship and Immigration Services regulations. Note: The State of New Jersey does not provide sponsorship for citizenship to the United States.#LI-ER1

Keywords: NJEDA, Passaic , SENIOR CLOSING OFFICER, Other , Newark, New Jersey