Program Manager, Incentive Programs

State of Maryland•Baltimore City, MD

About The Position

The Maryland Department of Commerce is seeking qualified applicants for the position of Program Manager, Incentive Programs in its Office of Finance Programs & Incentives within its Division of Business Attraction & Special Projects. The primary responsibility is to supervise a team of Finance Specialists to deploy and manage discretionary programs that are critical to the Department’s priorities and mission of economic development through business attraction, growth and retention and accompanying private capital investment and jobs. This position will collaborate with other units in the agency and local economic development officials in structuring, negotiating and closing incentive proposals for desired economic development projects; oversee proposal generation and documentation efforts; structure and negotiate modifications; work closely with local economic development officials demonstrating the state’s support of their efforts and objectives, and with the business community assisting projects to success through appropriate resources. Manager will administer the following program: the Maryland Economic Development Assistance Authority and Fund, Economic Development Opportunities Program Fund, Maryland Industrial Development Financing Authority, and the Partnership for Workforce Quality statewide. Candidates must possess excellent interpersonal, written and oral communication skills; ability to handle multiple, concurrent, and high priority projects; experience in managing discretionary economic programs involving internal programs and federal, state, local, and non-profit business sector interests; experience with state resources available to Maryland companies; advanced experience in evaluating business plans, various financial statements and projections, credit reports; and collateral; able to work with high level public and private sector officials and maintain effective working relationships; proficiency with Microsoft Office, Google, or other relevant software is required.

Requirements

Bachelor’s degree in Finance, Business, Accounting, Economics, or related field from an accredited college or university
Ten (10) years of financial economic experience
Seven (7) years of commercial bank lending, underwriting, credit analysis or related experience and/or training
Excellent interpersonal, written and oral communication skills
Ability to handle multiple, concurrent, and high priority projects
Experience in managing discretionary economic programs involving internal programs and federal, state, local, and non-profit business sector interests
Experience with state resources available to Maryland companies
Advanced experience in evaluating business plans, various financial statements and projections, credit reports; and collateral
Able to work with high level public and private sector officials and maintain effective working relationships
Proficiency with Microsoft Office, Google, or other relevant software is required

Nice To Haves

Advanced degree in finance, business management, accounting or related field.
Experience with administering financial incentive programs.
Knowledge of and experience in state government financial laws, regulations, and policies
Proven ability to assess risk and determine if investment is appropriate.
Four years of supervisory management experience .
Formal leadership training.
Experience with the Financial Management Information System (FMIS) or comparable software .

Responsibilities

Supervise a team of Finance Specialists to deploy and manage discretionary programs
Collaborate with other units in the agency and local economic development officials in structuring, negotiating and closing incentive proposals
Oversee proposal generation and documentation efforts
Structure and negotiate modifications
Work closely with local economic development officials demonstrating the state’s support of their efforts and objectives
Work with the business community assisting projects to success through appropriate resources
Administer the following program: the Maryland Economic Development Assistance Authority and Fund, Economic Development Opportunities Program Fund, Maryland Industrial Development Financing Authority, and the Partnership for Workforce Quality statewide