DIRECTOR OF ECONOMIC DEVELOPMENT and ANALYTICS

Park City Municipal Corporation

JOB SUMMARY

The Director utilizes advanced mathematical and statistical techniques to inform economic development, organizational performance, real estate and property acquisition, and investment portfolio decisions. Working closely with division managers, you identify market opportunities, value potential economic development investment, and manage various statistical models to quantify organizational performance.

Your quantitative expertise will drive innovation and enhance and measure organizational operations, policies, and negotiations. The Director coordinates numerous data sets, survey instruments, and analytical models, quantifies the return on investment, implements various public financial tools, and leads community redevelopment and property disposition processes.

Using statistical methods, the Director measures operational performance and productivity, optimizes the allocation of expenditures, and recommends financial mechanisms to support large capital project development. A key member of the City’s financial team, the Director meets regularly with the Mayor and City Council. The Director is responsible for assessing the appropriate use and application of RDAs, TIFs, PIDs, CRAs, property valuations, and long-term lease analyses. Coordinating with the Finance team, the Director manages specific commodity derivatives and futures associated with the City’s utility exposures.

Economic Development:

• Manages the City’s RDA and financial relationship with local businesses, banks, and trade associations, and administers the Small Business Economic Grant Program.
• Supports economic forecasting and borrowing, including revenues, expenditures, and numerous aspects of quantifying tourism and visitation metrics.
• Provides specialized financial and tax analysis to apply public financial tools (DIF, TIF, PID, CRA, etc.) to support community redevelopment and property acquisition.
• Provides asset valuation models for real estate assets, City-owned or pre-acquisition.

Analytics:

• Leads research studies and survey instruments; analyzes large data sets; and prepares ROI pro-formas and analytical presentations.
• Supports the City’s debt portfolio, muni-bond issuances, and relationships with major bond rating agencies and financial advisors.
• Maintains complex statistical models, including multi-factor regression and principal components analysis to support economic forecasting (lodging, nightly rentals, parking, transit ridership, and visitation).

KNOWLEDGE, SKILLS, AND ABILITIES

• Assists the City Council and Mayor to recommend and implement the City’s economic and redevelopment goals.
• Ability to communicate complex mathematical and financial concepts to internal and external stakeholders.
  • Ability to establish and maintain effective working relationships with employees, departments, the public and local media.
  • A positive leader with experience leading and coordinating small teams and initiatives.
  • Skilled in verbal and written communications, including presenting before large groups and media outlets.

EDUCATION AND/OR EXPERIENCE

Required:

• Degree in business administration, economics, statistics, or related field.
  • 7+ years of experience demonstrating economic and performance forecasting, detailed financial and statistical analysis, and . Experience may be substituted with other skills and abilities.
    • Demonstrated excellence in written, oral, and public presentation skills.

Preferred:

• Master’s Degree or additional studies in related field noted above.
• Experience in a self-managed team environment and self-starter.
• Prior experience leading a small team and/or organizational initiative with cross-departmental implications.