Review Vacancy
Date Posted: 10/30/18
Applications Due: 11/30/18
Vacancy ID: 61105
Position Information
AgencyEmpire State Development, NYS
TitleAssistant Director of Portfolio Management (REF# SJ028)
Occupational CategoryFinancial, Accounting, Auditing
Salary GradeNS
Bargaining UnitNone listed
Salary RangeFrom $65000 to $72000 Annually
Employment Type Full-Time
Appointment Type Permanent
Jurisdictional Class Non-competitive Class
Travel Percentage 0%
Schedule
Workweek Mon-Fri
Hours Per Week 37.5
Workday
From 9 AM
To 5:30 PM
Flextime allowed? No
Mandatory overtime? No
Compressed workweek allowed? No
Telecommuting allowed? No
Location
County New York
Street Address 633 Third Avenue
City New York
StateNY
Zip Code10017
Job Specifics
Minimum Qualifications EDUCATION & REQUIREMENTS:
Education level required: Bachelor’s Degree in Finance, Economics, Accounting or Business Administration. Advanced degree desirable
Equivalent Experience required: Minimum four years of professional experience in compliance, commercial lending, finance and/or finance related areas; additional two years of related professional experience may substitute for a graduate degree
Knowledge Required: Finance, real estate, commercial lending, legal compliance, outstanding written and oral communication skills, as well as proficiency in Microsoft Word, Excel and Access
Duties Description BASIC FUNCTION:
To help safeguard the integrity of the Empire State Development’s (ESD) loan and grant portfolio by actively monitoring, servicing, and enforcing ESD’s rights pursuant to the various project agreements. Structure complex workouts that provide mutual benefits to ESD and its clients. Conduct annual site visits to a portfolio of ESD assisted companies throughout New York State and maintain strong relationships with ESD’s customers.
WORK PERFORMED:
•Monitor over 500 active projects overseen by the Portfolio Management Department and ensure that they are performing according to their respective agreements;
•Make recommendations to ESD’s Workout Committee and senior management on workout proposals;
•Enforce ESD rights under the various project agreements;
•Conduct site visits to the Job Development Authority’s (JDA) top 25 borrowers to report on company financial performance, verify sufficient collateral for ESD’s position, conduct market research and maintain strong customer relationships;
•Develop and manage ESD’s enhanced employment verification process;
•Assist with preparation of responses to media inquiries involving employment and grants with the ESD Public Affairs Department;
•Work with IT and Loans & Grants to implement changes to the grants program and to the employment database;
•Respond to requirements and questions from ESD and HUD auditors
•Negotiate modification and workouts with company principals and other lenders
•Evaluate property appraisals and environmental assessments to determine collateral value.
•Make high-level recommendations to ESD senior management and to take all necessary steps to enforce ESD’s rights to under various agreements
Additional Comments Comprehensive benefits package
Some positions may require additional credentials or a background check to verify your identity.
Contact Information
Name Shawn Bryant
Telephone
Fax
Email Address resumes@esd.ny.gov
Address
Street 633 Third Avenue
City New York
State NY
Zip Code 10017
Notes on ApplyingPlease announce job title in subject line and Ref#
FAQs • How to Get a State Job • Workers with Disabilities (55b/c) • Civil Service Exams
State Agencies: Department of Civil Service • Office of the State Comptroller
OER Link: Employee Unions and Bargaining Units
Exam announcements • General Information about NYS Government
© 2024 NYS Office of Employee Relations
StateJobsNY ℠ 2024 NYS Office of Employee Relations
Accuracy • Privacy • Accessibility • Contact