Program Development Manager - Opportunity Zone

The City of St. Louis’ Program Development Manager is the Chief Opportunity Zones Officer (COZO) and works to position St. Louis as a leader in utilizing Opportunity Zone investments to support equitable economic development by connecting investors with neighborhood-scaled projects that have a positive impact on residents of Opportunity Zone (OZ) communities.

Title: Program Development Manager – Opportunity Zone | Limited Time Position | FLSA: E

Starting Salary Range: $90,000 - $100,000

Department: Development Incentives

Positions Supervised:  N/A

GENERAL SUMMARY

The City of St. Louis’ Program Development Manager is the Chief Opportunity Zones Officer (COZO) and works to position St. Louis as a leader in utilizing Opportunity Zone investments to support equitable economic development by connecting investors with neighborhood-scaled projects that have a positive impact on residents of Opportunity Zone (OZ) communities.

This is a full-time position with St. Louis Development Corporation; however, this position is funded by a grant that has an expected end date of August 30, 2021 at which time the position will end.

ESSENTIAL JOB FUNCTIONS

  • Serves an information clearinghouse role, with a focus on tracking rules and best practices nationally, connecting investors with project sponsors, and engaging communities and monitoring investments and impact.
  • Tracks the IRS’s release of proposed rules and regulations governing OZs, as well as reports and other information being released by national experts in the field.
  • Shares insights with partners across St. Louis, as well as to contributes the City’s experiences to the national discussion.
  • Works closely with counterparts at the state level, including the statewide OZ liaison at the Missouri Department of Economic Development.
  • Develops relationships with local OZ experts from the accounting, tax, finance, legal, and community development fields
  • Actively tracks state and city proposals and conversations relating to OZs, as well as proposing new potential incentives and solutions at the city and state level to make the program more useful and accessible to developers, business owners, and investors.
  • Actively builds a St. Louis OZs database that tracks potential real estate and operating business projects in OZs, as well as information on existing Qualified Opportunity Funds (QOFs) and investors interested in setting up QOFs.
  • Builds the database by reaching out directly to projects sponsors and investors, meeting with local project and community stakeholders, fielding incoming communication, participating in community and professional convenings and events, and engaging with national networks and coalitions.
  • Speaks directly with the investor or project sponsor to get a clear set of specifications on the project or investment criteria
  • Utilizes the database to facilitate introductions between investors and project sponsors
  • Identifies opportunities to leverage other investment tools and resources for OZ projects
  • Works closely at the community level to ensure neighborhood organizations, leaders, and residents are informed about OZs and how they can get involved as potential partners, project sponsors, or investors
  • Initiates community workshops with local developers, nonprofits, and others to provide an overview of OZs and “workshop” potential projects
  • Meets with local professional legal and accounting experts to share their insights and offers technical assistance for OZ projects
  • Meets with individual community organizations, community development corporations, and others to review OZ rules and projects
  • Develops systems to monitor and track QOF investments and community impact associated with OZ projects

The intent of this position description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform job-related tasks other than those specifically presented in this description.

JOB QUALIFICATIONS

  • Bachelor's degree in finance or related subject; Mater’s degree preferred.
  • Seven (7) years of program experience related to the area of assignment; or an equivalent combination of training and experience.
  • Experience engaging foundations and institutional entities for community development investment.
  • Experience in structuring financial transactions that involve equity investments.
  • In-depth knowledge of the Opportunity Zone Program preferred.
  • Ability to think objectively and interpret meaningful themes
  • Able to build and maintain highly constructive and effective relationships with a broad and diverse group of individuals and organizations
  • Demonstrate an ability to set objectives and goals and organize work appropriately to meet and exceed goals
  • Exceptional interpersonal, public relations, oratory and presentation skills.
  • Financial and Deal savvy
  • Excellent organizational skills and attention to detail; strong oral and written communication skills; problem solving acumen; demonstrate personal integrity, confidence, tact/diplomacy, and flexibility.
  • Sound knowledge about strategic planning along with business.
  • Effective interaction with businesses, communities and decision-makers during conversations or meetings
  • Strong knowledge of financial principles and experience with capital formation for business and real estate investment transactions.

CONDITIONS OF EMPLOYMENT:

Due to the temporary nature of this position, St. Louis Development Corporation is waiving its City of St. Louis residency requirement for this grant-funded position.  

WORKING CONDITIONS AND PHYSICAL EFFORT:

  • Work is normally performed in a typical interior/office work environment.
  • Requires the ability to lift and carry files/papers of up to ten pounds.
  • Requires the ability to distinguish objects clearly in near vision for writing and computer work.

EQUAL OPPORTUNITY EMPLOYER

St. Louis Development Corporation is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, religion, age, disability, sex or sexual orientation, gender identity or expression, genetic information, veteran's status or marital status.

HOW TO APPLY

Interested applicants can go the application portal to apply.

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