POSITION OVERVIEW: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 housing development throughout New York City.
Senior Associates are responsible for project management and financial analysis for real estate transactions, as well as supporting the creation and negotiation of related legal agreements. Senior 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, with room to exercise judgement and provide strategic direction.
ESSENTIAL DUTIES AND RESPONSIBILITIES: - Apply advanced knowledge of real estate finance and deal structuring to support strategic decision-making and project execution
- Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses, to evaluate project returns and scenarios
- Draft, interpret, and support negotiations for transaction-related legal documents (e.g., MOUs, Ground Leases, Purchase and Sale Agreements)
- Lead activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses
- Anticipate transaction milestones and proactively recommend strategies to advance deal execution
- 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 and deliver 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
- Develop and maintain 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.
- 3+years of experience in a relevant field (real estate development, finance, urban planning, public policy, related City or State agency)
- Experience with project management from feasibility to project completion
- Proven track record of advancing projects in challenging environments
- Demonstrated analytical skills, including Excel proficiency with discounted cash flows, residual land value analysis, and project economics
- Understanding of economic development, land use, and affordable housing issues and NYC Government preferred
- Effective communication across all formats, including reports, presentations, and meetings
- New York City residence is required within 180 days of hire
Salary Range
$95,000-$97,000 USD
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.
For more information, visit our website at edc.nyc.
