Senior Associate, Funds + Advisory

New York City Economic Development Corporation; New York (NY); On-site; USD 90,000 - 92,000; Full time

Benefits offered by this job

Medical plans

Dental plans

Vision benefits

Disability coverage

Life insurance

Retirement plan

Paid vacation

Parental leave

PSLF eligible

Education assistance

Mindfulness support

Employee discounts

Job summary

The New York City Economic Development Corporation seeks a Senior Associate within the Funds & Advisory team to drive impact investing across debt, equity and guarantees, and to support pipeline sourcing, due diligence, modeling and memo prep for governance committees.

You will assist with fund monitoring, portfolio reporting and program design for new tools, collaborating with Legal, Finance, Strategy and Initiatives to advance city priorities; NYC residency is required within 180 days of hire.

Qualifications

• 3+ years of transactional experience in investing, investment banking, private equity, or real estate finance.
• Interest in or experience with impact investing balancing financial returns with social/economic/environmental outcomes.
• Proven financial analysis skills including modeling, underwriting, valuation, and quantitative analysis.
• Proficiency with spreadsheets and presentations, including Excel and PowerPoint.
• Effective written and verbal communication, including public speaking and external stakeholder engagement.
• Ability to manage competing priorities with organization, accuracy, and attention to detail.
• Analytical skills to evaluate information, identify trends, and develop evidence-based recommendations.
• Sound judgment to assess opportunities and support informed decision-making.
• Ability to work independently and in cross-functional teams.
• Interest in NYC, public policy, public-private partnerships, and program design.
• NYC residency is required within 180 days of hire.

Responsibilities

• Source pipeline and screen business plans to cultivate impact investment opportunities
• Support due diligence in the form of business model evaluation, financial analysis, and industry/market analysis
• Develop and maintain detailed financial models, including key drivers
• Assist with investment structuring and credit/valuation analyses (e.g., IRR and DCF)
• Review and negotiate term sheets and legal documentation
• Prepare investment memorandums and presentations for senior decision-making
• Assist with fund monitoring and reporting, including financial and impact returns
• Support internal and external colleagues with impact investment program design and execution
• Prepare ad-hoc analyses to evaluate new programs and opportunities
• Collaborate with Legal, Finance, Strategy, Initiatives to support city priorities
• Other duties as assigned

Skills

Financial analysis

Excel

PowerPoint

Written and verbal communication

Analytical skills

Cross-functional collaboration

Public policy interest

Time management

Tools

Excel

PowerPoint

Job description

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

The Senior Associate will work on the Funds & Advisory team within the Strategic Investments Group. The Funds & Advisory team manages a diversified portfolio that, consistent with the rest of NYCEDC, is dedicated to expanding opportunity and enriching NYC’s economy. Investments are made directly in companies and into funds. Investments cut across asset classes, including debt, equity, and guarantees and seek blended financial and social / environmental returns. The Funds & Advisory team also advises internal and external stakeholders on a range of strategic initiatives and financial topics.

The Senior Associate will assist with all aspects of the impact investment process, including pipeline sourcing, financial analysis and modeling, due diligence, investment memorandum preparation, presentation to the relevant governance committee(s), legal documentation, transaction execution and funding. The Senior Associate will also assist with the broader advisory function, ongoing fund portfolio monitoring and reporting and research-based evaluation and program design associated with the launch of new impact investment tools.

• Source pipeline and screen business plans to cultivate impact investment opportunities
• Supportdue diligence in the form of business model evaluation, financial analysis,and industry/market analysis
• Develop andmaintaindetailed financial models, including ability to isolate and manipulate key model drivers
• Assistwith investment structuring and credit and valuation analyses (e.g.,IRRandDCFanalyses)
• Review and negotiateterm sheets and legal documentation
• Prepare investment memorandumsandpresentations to inform senior decision-making, includingpresentinginvestment recommendations to NYCEDC executive staff,boardmembers,and City officials
• Assistwith fund monitoring and reporting, including financial and impact returns
• Supportinternal and external colleagueswith impact investmentprogram designand execution
• Prepare ad-hoc analyses to evaluatenew impact investment programs and strategic opportunities
• Collaborate with colleagues in other NYCEDC departments, including but not limited to Legal,Finance,Strategy,andInitiatives to support organizational and city priorities
• Other duties as assigned

Qualifications

• At least3years of transactional experience inarelevant field (e.g., investing, investment banking, private equity, real estate finance)
• Demonstrated interest in or experience with impact investing that balances financial returns with measurable social, economic, or environmental outcomes preferred.
• Provenfinancial analysis skills, includingfinancial modeling, underwriting and/or valuation,and quantitative analysis
• Proficiencyusing spreadsheet and presentation applications, including Excel and PowerPoint
• Effectivewritten andverbalcommunication skills, including public speaking and engagement with external stakeholders
• Demonstrated ability to manage competing priorities whilemaintainingorganization, accuracy, andattention to detail.
• Demonstrated analytical skills, including the ability to evaluate information,identifytrends, and develop evidence-based recommendations.
• Demonstratedsoundjudgment, with the ability to assess opportunities and support informed decision-making.
• Demonstrated ability to assess opportunities through analytical and critical thinking to support sound decision-making.
• Demonstrated ability to manage work independently and contribute effectively within cross-functional teams
• Demonstrated interest in NYC, public policy, public-private partnerships, and program design
• NYC residency isrequiredwithin180 daysof hire

Salary Range

$90,000 - $92,000 USD

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

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.

Equal Employment Opportunity

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.