Senior Vice President, Real Estate Transaction Services
$165k - $175k USD
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 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)
Salary Range
$165,000—$175,000 USD
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.