Bedrock Looking for Vice President, Public Finance at Detroit, MI, United States Full Time

Job Description

About Bedrock:
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates has committed more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet.
Bedrock is leading Detroit’s building boom with the city’s largest and most ambitious projects. These projects meet an increasing demand for Class A office space and modern living options in a growing and technology-centric urban core, with an emphasis on ground-level activation and increased walkability. In the next five years, Bedrock plans to deliver 3,500 new residential units to the market; from City Modern, an 8.4-acre neighborhood where residents can age in place; to 28Grand, where residents use the city as their living room; to the Hudson’s project, which will soon be home to Detroit’s tallest building and most landmark address.
Our Core Values: Independently Driven | Never Satisfied | Relentless Commitment to Service
Why Bedrock?
At Bedrock, we create unique experiences through real estate! From your experience each day at the workplace to the experience we create for those who live, work, and play in our spaces, we are focused on making a lasting impression through our properties and developments. We are looking for team members who want to impact the fast-paced world of real estate, management and development and want to be a part of a team that is changing the landscape in the cities where we work. At Bedrock, you will be a part of an inspirational, energy-filled environment. Come join the momentum!
Job Summary
The Vice President of Public Finance will work alongside key internal and external stakeholders to develop, prepare, and manage public finance related activities and/or special projects. This role will play a key role in developing and managing complex public financing models. They will also serve as an internal resource for public funding related efforts and will initiate financial modeling and forecasting to inform external public funding efforts. An ideal candidate is responsive, thoughtful, self-directed, positive, and seeking a challenging role. This position will require initiative, judgment and independent decision making. Work alongside key internal and external stakeholders to prepare financial, fiscal and economic related reports and/or special projects, including daily data collection and analysis, project coordination, final copy preparation, distribution, etc.
Responsibilities

• Structure public financing for Bedrock’s development project in Detroit and Cleveland, including identifying and securing
• Local, state, and federal government grants
• Loan and tax credit programs
• Property tax incentives, including tax increment financing and tax abatement
• Unique public-private partnership financing structures
• Manage Bedrock’s public funding portfolio, including, but not limited to, tracking annual certificates, annual disclosure reporting, restructuring opportunities and maintenance of debt documents
• Execute and manage complex public financing transactions, including tax increment financings, special tax assessment financings, short-term financings, PACE financings
• Formulate and recommend policies to ensure prudent administration of public funds
• Support the team with report and project preparation and distribution and drafting correspondences and responses for stakeholders
• Structure, execute and manage state revolving funds and other state and federal loan programs
• Analyze financial information and convey articulately documented recommendations and decisions
• Oversee management of Bedrock data on external and other investor websites
• Collaborate with the accounting and finance teams responsible for the areas of debt and the related documentation requirements
• Make recommendations and act diligently to ensure compliance with all relevant regulations
• Develop and maintain positive and constructive relationships with internal and external stakeholders, including city government and Rock Central’s Government Relations team, etc
• Develop metrics and reports required to track budget and influence debt strategy
• Support development of the annual financial report and the completion of the annual financial audit for related areas of responsibility
• Support other teams in developing and executing projects and analyses related to capital, operational, affordability, public finance, innovation, compliance, and other areas as requested
• Manage the public finance function to meet the company’s established goals
• Participate in identifying organizational goals, as well as strategic and business planning and evaluation
• Participate in the implementation of new initiatives
• Coordination of consultants
• Other duties as assigned

Qualifications

• Bachelor’s degree or equivalent combination of education and experience
• Approximately 10 years of experience, Minimum of 3 years performing financial analysis and public finance functions in corporate or government organizations
• Strong analytical skills and advanced proficiency with MS Excel, Word and PowerPoint
• Strong project management skills and the ability to work independently, prioritizing and organizing workload to meet deadlines
• Ability to read and understand plan documents and grants/debt regulations
• Ability to communicate effectively with colleagues at all levels within the organization
• Demonstrated commitment to high professional ethical standards

Who We Are
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties, including new construction of ground-up developments in downtown Detroit and Cleveland totaling more than 18 million square feet.
Bedrock’s real estate portfolio consists of more than 200 office tenants and more than 120 retailers and restaurants in Detroit’s technology-centric downtown including Microsoft, Rocket Mortgage, LinkedIn, StockX, Ally Bank’s national headquarters, Fifth Third Bank’s regional headquarters, WeWork, Madewell, Under Armour, Shake Shack and countless others.
Bedrock is currently developing four transformational projects, including the Hudson’s Site, Monroe Blocks, Book Tower renovation and One Campus Martius expansion. Bedrock is also undertaking construction of City Modern, a community development in Detroit’s Brush Park neighborhood. Partnering with Detroit-based Shinola, Bedrock developed the world’s first Shinola Hotel on Woodward Avenue, which opened in early 2019.
Bedrock is dedicated to creating jobs for Detroiters and investing in job training. Over the last year, the company has invested in both the Randolph Career Technical Center and the Breithaupt Career and Technical Center to build a pipeline of talent for Detroit’s growing economy.
Creating unique experiences through real estate is Bedrock’s mission. To make this a reality, Bedrock and its affiliates continuously invest in significant public art installations and placemaking initiatives throughout the city.
Disclaimer
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.
We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.