NYCEDC’s vision and mission: Our vision is 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 is to make investments in strengthening neighborhoods and spurring the creation of good jobs.
NYCEDC’s Real Estate Transaction Services Department (RETS): The RETS department is the City’s primary department for financial analysis, structuring, and the execution of real estate and economic development transactions. RETS promotes economic development and neighborhood revitalization by leveraging City-owned real estate and partnerships with the private sector.
Your Role: As the Assistant Vice President (AVP), you will work on projects crucial to implementing New York City’s economic development goals. The AVP will work on a range of projects, including land sales, leases, or feasibility analysis and may be responsible for overseeing team members from multiple EDC departments. The AVP will be responsible for producing financial analysis, developing deal structures, and/or negotiating the terms of City's participation in real estate development and other projects originated in the group, other groups within NYCEDC, the Office of the Deputy Mayor for Housing & Economic Development and other City agencies and offices.
Administer several real estate or economic development transactions
Draft requests for proposals and prepare site development and project feasibility analyses
Build and maintain detailed financial models of development projects
Analyze and present findings and recommendations to project teams and senior staff in written and verbal form and brief senior officials of NYCEDC and other City agencies on the project status
Assist in negotiating contracts of sale, leases, and other contracts
Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations and Development
Serve as a mentor to approximately 1-3 staff members.
Master’s Degree or equivalent in business, real estate, housing finance, public policy, urban planning or law
Minimum of 5 years of experience in relevant field (Finance, Real Estate, Development, Public Policy, Urban Planning, City or State agency)
Proven strength in use of spreadsheet, database, and presentation applications including Excel and PowerPoint
Strong project management skills
Strong interpersonal skills
Strong written and oral communication skills, including public speaking
Ability to prioritize competing needs and opportunities
Understanding of economic development issues
Familiarity with NYC government
Ability to be a self-starter who works well in a team-based environment with limited oversight
Demonstrated ability to work independently, lead project team on complex transactions, supervise/manage
Possess a strong sense of professional judgment and ability to solve problems creatively
New York City residence is required within 180 days
New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate job growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities. Additional information on NYCEDC can be found by visiting http://www.nycedc.com/.
Our Diversity & Inclusion Mission is to attract, retain, and engage a diverse workforce comprised of talented people. 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. NYCEDC employees can expect to work as part of a highly engaged, passionate and inclusive workforce where everyone’s contributions are valued, respected and make an impact on one of the best and most diverse cities in the world!
The New York City Economic Development Corporation is an Equal Opportunity Employer. NYCEDC offers excellent benefits, including company-paid 401 (a) pension plan, 457(b) tax-advantaged retirement savings plans, medical, dental and vision benefits, and discounted gym memberships and movie tickets.