Project Manager

Brooklyn-Navy-Yard-Dev.-Corp.; New York (NY); Hybrid; USD 90,000 - 120,000; Full time

Job summary

Brooklyn Navy Yard Development Corporation (BNYDC) is seeking a Project Manager to support adaptive reuse and ground-up development of Yard properties, manage budgets, schedules, and capitalization strategies, and coordinate with multiple agencies and stakeholders.

In this role, you will analyze funding sources, monitor cash flow, and help secure debt and equity while coordinating with the Construction team on cost control and procurement.

Qualifications

• Written and verbal communication skills.
• Proficiency in financial modeling and pro forma cash flow analysis.
• Familiarity with public-private funding sources and grants.

Responsibilities

• Identify and advance pre-development tasks including site assessment, analysis of permitted uses, cost estimation, market study, feasibility analysis, and formulation of overall strategy.
• Create, maintain, and update project budgets, schedules, financial performance, and key milestones.
• Forecast and track sources and uses, cash flow, and ROI metrics across complex funding structures.
• Model proceeds, costs, design implications, compliance and other aspects of Historic Tax Credits and similar funding.
• Support efforts to identify and obtain debt and equity funding sources and monitor approvals from City, State and Federal agencies.
• Coordinate procurement process with RFPs and RFIs, and evaluate proposals with Legal and External affairs teams.
• Track contractor procurement, schedule, actual costs vs budget, and propose solutions for timely completion.
• Evaluate potential leasing deals based on economics and mission alignment.
• Provide updates and prepare presentations for senior management and Board.

Skills

Communication

Financial modeling

Public-private funding

Excel proficiency

Education

Bachelor’s degree in business, economics, public policy, urban planning, or similar field

Tools

Microsoft Office

Excel

Job description

Job Title: Project ManagerEmployment Status: ExemptDepartment: Real Estate DevelopmentReports To: Vice President, Real Estate DevelopmentSummaryThe Brooklyn Navy Yard Development Corporation (BNYDC) is a not-for-profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner, the City of New York. BNYDC strives to provide an environment in which innovative companies can take root and grow.As a Project Manager, you will support adaptive reuse projects of historic Yard properties, advance ground-up development, and perform various asset management related functions.Areas of Responsibility• Identify and advance pre-development tasks including site assessment, analysis of permitted uses, cost estimation, market study, feasibility analysis, and formulation of overall strategy• Create, maintain, and update project budgets, schedules, financial performance, any critical items• Forecast and track project sources and uses, cash flow, and return on investment metrics, in the context of complex funding sources• Understand and model proceeds, costs, design implications, compliance, and other relevant aspects of sophisticated public-private funding sources including Historic Tax Credits, and others• Support efforts to identify and work to obtain debt and equity funding sources• Identify, advance, coordinate and report on critical City, State and Federal agency approvals, including DOB, SBS, PDC, ESDC, FEMA, and others• Manage and/or support procurement process, including preparation of RFP’s and RFEI’s and corresponding strategy to maximize number/quality of responses, and evaluation of proposals, in coordination with Legal and External affairs teams• Work with BNYDC Construction team to track contractor procurement, construction schedule, actual costs relative to budget, and issues affecting timely completion of project; and collaborate to propose solutions to issues• Evaluate potential leasing deals based on economics, tenancy, and furthering BNY’s mission• Provide updates and prepare presentations and recommendations for senior management, BNYDC Board of Directors, and other stakeholders• Meet with tenants, consultants, contractors and other external stakeholders to problem-solve leasing, construction, and development related matters• Perform other job-related duties as assignedThe above duties and responsibilities are not intended to limit specific duties and responsibilities of this position. It is not intended to limit in any way the authority of supervisors to assign, direct and control the work of employees under their supervision.Required Skills and Abilities• Written and verbal communication and presentation skills• Basic financial modeling skills, including pro forma cash flow modeling, sensitivity analysis, budgeting sources and uses, etc.• Familiarity with public-private funding sources• Proficiency in Microsoft Office, advanced proficiency in Excel• Bachelor’s degree in business, economics, public policy, urban planning, or similar field required; graduate degree preferred• 1-3 years of experience in real estate development, economic development, project management, or a similar field• Experience in land use, real estate finance, construction, economic development, public-private funding, and/or leasing preferredWork Location: Hybrid remote in Brooklyn, NY 11205