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.
POSITION OVERVIEW:
NYCEDC’s Real Estate Transaction Services Group (RETS): RETS promotes economic development and neighborhood revitalization by leveraging City-owned real estate and partnerships with the private sector.
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.
Your Role: As an Associate, you will work on a team of real estate finance and development professionals on projects crucial to implementing New York City’s economic development goals. The Associate will perform financial analysis and manage multiple real estate development transactions under the supervision of senior staff.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Administer multiple real estate and/or economic development transactions
- Assist in negotiating contracts of sale, leases, and funding agreements
- Build and maintain detailed financial models of major New York City development projects
- Prepare site development and project feasibility analyses
- Draft requests for proposals
- 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
- Conduct presentations to elected officials, community stakeholders, NYCEDC Board of Trustees
- Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations and Development
- Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
- Other duties as assigned
QUALIFICATIONS:
- Bachelors Degree in business, real estate development, public policy, urban planning, finance or law required, Graduate Degree preferred.
- 2-4 years experience in urban planning, real estate banking, real estate development, finance and/or public policy required
- Familiarity and experience with project management duties including project implementation from conception to completion
- Demonstrated use of spreadsheets, database and presentation applications, including Excel and PowerPoint
- Understanding of economic development issues and NYC Government preferred
- Demonstrated written, verbal and analytical skills
- 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, Student Loan Servicing tools, 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.
