About the role
Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.
Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
NYCEDC’s Real Estate Transaction Services Group (RETS): RETS is the City’s primary department for underwriting, structuring, and executing real estate and economic development transactions on city-owned land, with the goal of transforming underutilized properties into projects that support job creation, industry-based economic development goals, and affordable community development throughout New York City.
POSITION OVERVIEW: Associates are responsible for supporting project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions. Associates will work on multiple projects at different phases of the project life cycle, from evaluating site feasibility and RFP drafting to developer selection and project closing, under the direction of senior staff.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Lead project management for multiple large-scale transactions, including the oversight of timelines, workflows, internal and external meetings, presentations, issues lists, and key project documents
- Support activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses.
- Assist in drafting and negotiating term sheets, contracts of sale, ground leases, pre-development agreements and other agreements
- Build and maintain detailed financial models and pro formas for development projects
- Navigate processes internal to NYCEDC to drive progress at each stage
- Analyze and present findings and recommendations to project teams, senior staff, senior NYCEDC officials, and other City agencies in written and verbal form
- Create presentations for elected officials, community stakeholders, NYCEDC Board of Directors
- Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations, and Asset Management
- Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
- Other duties as assigned
QUALIFICATIONS:
- Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
- 2+ years of experience in a relevant field (finance, real estate development, urban planning, public policy, related City or State agency)
- Familiarity and experience with project management duties including project implementation from conception to completion
- Demonstrated analytical skills, including Excel proficiency with discounted cash flows, pro formas, and project economics
- Understanding of economic development issues and NYC Government preferred
- Communicates effectively across all formats, including reports, presentations, and meetings
- New York City residence is required within 180 days of hire
About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
