Associate, Real Estate Transaction Services

New York City Economic Development Corporation • New York, NY

8h • $83,000 - $85,000

About The Position

Associates are responsible for supporting project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions. 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.

Requirements

• Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
• 2+ years of experience in a relevant field (finance, real estate development, urban planning, public policy, related City or State agency)
• Familiarity and experience with project management duties including project implementation from conception to completion
• Demonstrated analytical skills, including Excel proficiency with discounted cash flows, pro formas, and project economics
• Understanding of economic development issues and NYC Government preferred
• Communicates effectively across all formats, including reports, presentations, and meetings
• New York City residence is required within 180 days of hire

Nice To Haves

• Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
• Understanding of economic development issues and NYC Government preferred

Responsibilities

• Lead project management for multiple large-scale transactions, including the oversight of timelines, workflows, internal and external meetings, presentations, issues lists, and key project documents
• Support activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses.
• Assist in drafting and negotiating term sheets, contracts of sale, ground leases, pre-development agreements and other agreements
• Build and maintain detailed financial models and pro formas for development projects
• 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 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
• Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
• Other duties as assigned

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level