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Job description
New York City Economic Development Corporation provided pay range
This range is provided by New York City Economic Development Corporation. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
$165,000.00/yr - $175,000.00/yr
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) 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: The Senior Vice President (“SVP”) in RETS will supervise a portfolio of real estate finance and development professionals on projects central to NYC’s economic development goals. The SVP will be responsible for a suite of projects at every stage of development, from inception to closing. The ideal candidate has significant real estate industry experience, specifically with NYC-area development projects. The candidate should also have a strong understanding of public policy objectives and regulatory processes.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Lead RETS team members to perform financial analysis on a project’s feasibility, oversee competitive developer-selection processes, negotiate land sales and leases with developers, and facilitate the environmental analysis, public approvals, and entitlement process
Conduct transaction negotiations to maximize return to the City and NYCEDC and achieve policy objectives
Lead financial analyses to determine key drivers of investment return and project feasibility
Use decision-making authority to support the advancement of programs and projects to maximize impact and targeted outcomes
Identify new projects and/or development opportunities for EDC
Offer expertise on initiatives and issues relevant to the RETS department
Build and maintain relationships with governmental and quasi-governmental agencies, real estate developers and business groups, consultants, civic and community stakeholders, and cultural and professional organizations
Present projects to executive staff, boards, community members, and City officials
Other duties as assigned
QUALIFICATIONS:
Bachelor’s Degree or equivalent in business, real estate, housing finance, public policy, urban planning or law; Master’s Degree preferred
Minimum of 10 years of experience in relevant fields, including real estate, development, finance, public policy, urban planning, City or State agency
Familiarity with NYC government and NYC government real estate processes
Proven track record of advancing and closing projects in challenging environments with the ability to lead, plan, and execute projects effectively
Demonstrated ability to work through complex real estate transactions, including experience leading transaction structuring and negotiations of challenging issues with external parties
Deep knowledge and understanding of real estate development practices specific to NYC, in addition to economic development and planning policies to inform effective strategy development, decision-making, and risk mitigation
Strong written and verbal communication skills, including public speaking
Proven ability to lead junior and mid-level staff to deliver high-quality results while fostering their professional growth through coaching and mentorship.
Demonstrated leadership skills with the ability motivate teams to set and meet goals, expectations, and deadlines with minimal supervision
Proven ability to work both independently and lead a project team on complex transactions
Demonstrated experience producing and evaluating financial analysis related to real estate development in Excel
Understanding of economic development issues
New York City residency (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.
Benefits
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
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.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Strategy/Planning
Industries
Non-profit Organizations
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.