Dakota Resources Hires Asset Manager

Posted on May 18, 2013

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On March 18, 2013 Dakota Resources hired Jay Headley to fill the position of Asset Manager.

Jay lives in the Sioux Falls area and is a graduate of University of South Dakota in Vermillion, SD. He earned his Bachelor’s and Master’s degree in Business Administration. Jay is very knowledgeable in the financial services and banking industry with over eight years of experience. Prior to coming to Dakota Resources, Jay held the position of Financial Accounting Analyst at Citigroup. He has specialized in cash management, accounting, financial control and credit review.

As Asset Manager, his tasks include handling financial and accounting operations, compliance, and portfolio management for both Dakota Resources and Dakotas America. Dakotas America is also based out of Renner, SD that helps to stimulate growth and development in communities throughout the Dakotas.

Jay states what initially attracted him to Dakota Resources, “I was looking for an opportunity within a small organization where I could have a larger impact on a day-to-day basis and have the ability to take on more responsibility with respect to an organization’s financial operations.”

Jay has now been with the Dakota Resources team for two months and says he has already learned some useful technical knowledge. He also says, “I have learned how many organizations there are that are dedicated to bringing creative ideas for economic development for the rural and underserved populations of the country and how well they work together to reach a common goal.”

Exciting news for Jay and the company is on April, 25 2013 Dakotas America accepted a $60 million New Markets Tax Credits (NMTC) Award. The award was given by the U.S. Department of Treasury Community Development Financial Institution (CDFI) Fund. It is to be used towards growth and development of rural, highly distressed, low-income communities. It allows Dakotas America to take on some significant projects and improve quality of life to areas in the region that need it most.

Jay explains why he is optimistic about his new position, “I most look forward to working with and meeting all the people that are dedicated to ensuring their community remains viable for the future generations.”

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