Contract Specialist III
Job #: 2015-12
TWC Job #: 6337003
Opening Date: 11/10/2014
Closing Date: Until Closed
Travel Required: 25%
Monthly Salary: *$3,520.33-$5,100.00
Position Location: State Insurance Annex, 221 East 11th Street
Group Step: B19
*Salary Commensurate With Experience
Position resides within the Economic Development Bank within the Office of the Governor, Economic Development & Tourism division. Position requires specialized knowledge of program administration, lending practices, Governor appointed board of director’s management, historical and pro-forma financial statements, alternative metrics for lending practices and economic benchmarking, management/implementation and administration of economic development programs, lending practices and tax incentive programs. Performs detailed consultative and technical work providing assistance to staff, industry, constituents, economic development corporations and local, state and federal units of government. Position encourages local economic development by ensuring that qualified businesses and economic development corporations have access to capital. May train and/or assign the work of others. Works under limited supervision with considerable latitude for the use of initiative and independent judgment.
- Develops solicitations, contracts, and amendments by identifying provider resources, describing services to be rendered, evaluating information supplied by bidders, and negotiating contract specifications.
- Coordinates and organizes Governor's appointed board of directors meetings including travel arrangements.
- Conducts needs assessments and recommends existing prospect engagement improvements to increase loan program efficiency and effectiveness.
- Monitors contract performance by examining billings, fiscal data, and eligibility determinations for compliance with terms of contract and policies and recommends cancellation of contracts when deviations occur.
- Monitors legal and regulatory requirements pertaining to contracting including Public Funds Investment Act, Basel III and Dodd Frank Act Requirements
- Administers the billing process and eligibility monitoring functions for contract billings.
- Evaluates expenditure data and makes projections to ensure appropriate use of funds.
- Negotiates contract, contract renewals, and amendments and makes recommends to change solicitation, contract boilerplate, and other contract related documents.
- Negotiates various contracts including Economic Development Banks Letter of Credit provider
- Negotiates, manages and monitors outside counsel law firm contracts.
- Coordinates the risk assessment process for contract monitoring and planning.
- Serves as liaison and main contact between financial services division and bank at conferences and meetings as needed.
- Provides guidance regarding contract administration, policies, and procedures.
- Advises and provides recommendations to Director and Board members on issues for individual program contracts
- Resolves audit exceptions by defining causes of errors and recommending appropriate dispositions.
- Performs other work as assigned.
Graduation from an accredited four-year college or university with a degree in business administration, accounting, public administration, economics or related field required plus three (3) years of progressively responsible professional experience as a technical lead in economic or tax incentive programs.
- Thorough knowledge of market terminology and procedures and of factors affecting markets and financial trends.
- Considerable knowledge of program area and of governing local, state, and federal laws and regulations.
- Working knowledge of the legislative process, which includes analysis, and interpretation of legislation.
- Knowledge of macroeconomics as affected by both fiscal and monetary policies and related events.
- Knowledge of various financial data systems.
- Knowledge of economic development principles
- Skill in using a personal computer and spreadsheet, database and statistical systems software applications.
- Ability to administer programs.
- Ability to apply financial research techniques.
- Ability to conduct exhaustive searches and evaluations of vast amount of data.
- Ability to address compliance practices and develop issues resolution.
- Ability to plan and assign the work of others.
- Ability to communicate effectively to convey complex ideas and concepts.
- Ability to make presentations.
- Ability to establish goals and objectives, to devise solutions to program administrative problems.
- Ability to prepare concise reports.
- Ability to develop and evaluate policies and procedures.
- Ability to analyze bond documents for compliance with program requirements.
- Ability to develop RFPs for financial services.
- Ability to analyze and research effectively.
- Ability to maintain effective working relationships within and outside the agency.
- May travel up to 25%, (i.e., weekly-monthly) under normal conditions for long distances.
To apply, you may download the uniform State Employment Application or request an application from the Office of the Governor Human Resources Division, State Insurance Building, 1100 San Jacinto, Room 2.300, Austin, Texas, 78701. If required in this posting, copies of college transcripts must be provided concurrent with application for further applicant consideration. For additional information, please call 512- 463-5873, or visit our agency's website. Dial 7-1-1 for Relay Services.
The Office of the Governor is an Equal Opportunity Employer. The Immigration Reform and Control Act of 1986 requires all new employees to present proof of eligibility to work in the United States within three (3) days of being hired. The Office of the Governor participates in E-Verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee's Form I-9 to confirm work authorization. Candidates selected for interviews will be subject to background check and required to complete authorization form.
- E-Verify Participation Poster (English)
- E-Verify Participation Poster (Spanish)
- Right to Work Poster (English)
- Right to Work Poster (Spanish)
Male candidates between 18 and 25 years of age are required to show proof of Selective Service registration (or exemption) prior to an offer of employment being extended. Such proof is not required to be filed with an application but must be provided upon request by the Human Resources office. For additional information pertaining to Selective Service registration, you may visit: http://www.sss.gov/
Notice to Applicants Who May Require Reasonable Accommodation in the Interview Process:
Applicants with disabilities who may need to discuss special accommodations during the interview process should contact 512-463-5873 and ask to speak to the Office of the Governor's Americans With Disabilities Act (ADA) Coordinator in the Human Resources Department. If reasonably possible, please call at least 48 hours in advance to afford our representative and the hiring division sufficient time to properly review and coordinate your request.