Associate Director, Transaction Management

IMDiversity; New York (NY); Hybrid; USD 115,000 - 125,000; Full time

Benefits offered by this job

Telework 1 day per week

Job summary

Metropolitan Transportation Authority is seeking an Associate Director in Transaction Management to oversee planning and acquisition of property rights for the Capital Program. You will help develop leasing strategies to generate revenue for MTA agencies, working with legal, procurement, planning, and capital construction teams.

The role requires leadership, strong negotiation and time management, and a solid background in commercial real estate.

Qualifications

• Bachelor’s Degree in real estate, real estate development, architecture, or urban planning.
• Minimum 5 years in commercial real estate with property acquisitions experience.
• Experience coordinating with multiple departments and external parties.

Responsibilities

• Assist in managing the real estate portfolio across multiple MTA agencies.
• Negotiate leases, licenses, and license agreements for licensing space.
• Coordinate with legal, procurement, planning, and construction teams.
• Support development of leasing strategies to generate revenue.
• Prepare proposals and staff summaries for internal approvals.

Skills

Leadership

Organization

Time management

Negotiation

Real estate knowledge

Microsoft Office

Education

BA/BS in real estate or related field

MA/MS in real estate or related field (preferred)

Tools

Microsoft Word

PowerPoint

Excel

Job description

Associate Director, Transaction Management

Job ID: 16453

Business Unit: MTA Headquarters

Location: New York, NY, United States

Regular/Temporary: Regular

Department: Leasing Acquisitions & RE Ops

Description

JOB TITLE:

Associate Director, Transaction Management

DEPT/DIV:

Real Estate

SUPERVISOR:

Senior Deputy Director Transaction Management

WORK LOCATION:

2 Broadway, New York, NY 10004

HOURS OF WORK:

9:00 am - 5:30 pm (7.5 hours/day) or as required

FULL/PART-TIME

FULL

SALARY RANGE:

$115,000 - $125,000

DEADLINE:

Until filled

This position is eligible for telework, which is currently one day per week.

Opening:

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people across a 5,000-square-mile travel area surrounding New York City, Long Island, southeastern New York State, and Connecticut. The MTA network comprises the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined. MTA strives to provide a safe and reliable commute, excellent customer service, and rewarding opportunities.

Job Summary

Under the supervision of the MTA Senior Deputy Director, Transaction Management the Associate Director will assist in the management of all real estate activities related to planning and managing the acquisition of property rights to support the MTA Capital Program and developing, implementing leasing strategies to generate revenue for MTA Long Island Rail Road, MTA Metro-North Railroad (Metro-North), MTA New York City Transit, and MTA Bridges and Tunnels (B&T). They will work with other MTA departments and operating units such as legal, procurement, planning, and capital construction, as well as consultants and other groups, to ensure the successful completion of all acquisition, licensing, and leasing projects. The incumbent will also complete other projects and tasks as assigned.

Responsibilities

• Assist in maximizing return on the real estate portfolio for all MTA agencies; assist in coordinating with operating agencies to improve transportation facilities and develop opportunities.
• Negotiate contracts of sales or purchases, leases, licenses, and other agreements in support of the transit system. Manage the acquisition of property rights necessary to support, improve, and expand transportation facilities.
• Act as a liaison with MTA operating agencies and their component groups (e.g., legal, engineering, construction, and operations) in the planning, implementation, and management of property acquisition and leasing projects.
• Work with governmental agencies and oversight groups (e.g., federal, state, and city) to efficiently realize all project goals.
• Work with MTA real estate team (tenant management, operations and project management, and finance/administration), in a collaborative effort to accomplish organizational goals and objectives.
• Prepare and issue requests for proposals for licensing commercial space, negotiate and complete license agreements, and manage the process of opening concession spaces throughout the MTA system.
• Assist and prepare letters, memos, requests for proposals, and staff summaries.

Required Knowledge/Skills/Abilities

• Leadership skills with experience in managing small, project-motivated teams with proven outcomes;
• Exceptional organizational skills with the knowledge and ability to analyze, comment, interpret, negotiate, and draft real estate documents and the ability to present information clearly and accurately in both written and spoken form;
• Detail-oriented individual with exceptional time management skills, problem-solving abilities, and a well-developed capacity for strategic thinking;
• Self-starter who can develop and administer work plans involving extensive and complex interrelated processes, and a person who can operate under exacting time constraints;
• Knowledge of real estate leasing and acquisitions, financing, and management principles as well as a familiarity with maps, blueprints, and surveys. General knowledge of construction principles and cost estimates and analysis preferred.
• Essential to this position are good leadership skills with the ability to adapt to changing requirements and situations with tact and good judgment;
• A working knowledge of Microsoft Word, PowerPoint, and Excel programs.
• A working knowledge of valuing cash flows and other financial calculations pertinent to real estate.

Required Education and Experience

• Bachelor’s Degree in Arts/Sciences (BA/BS) in real estate, real estate development, architecture, or urban planning, or an equivalent combination of education and experience may be considered in lieu of a degree.
• Minimum 5 years progressively responsible experience in commercial real estate
• Minimum 3 years of experience in property acquisitions – of both land and buildings; knowledge of federally funded acquisition requirements is a plus.

The Following is/are preferred:

• Master’s degree in Arts/Sciences (MA/MS) in real estate, real estate development, architecture, or urban planning
• Minimum 3 years progressively responsible experience in commercial real estate
• Licensed Real Estate Agent preferred upon hire

Other Information

May need to work outside of normal work hours (i.e., evenings and weekends)

Travel may be required to other MTA locations or other external sites.

According to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the “Commission”).

Equal Employment Opportunity

MTA & its subsidiary and affiliated agencies are Equal Opportunity Employers, including those concerning veteran status and individuals with disabilities.

The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.