Senior Associate, Incentives

nycedc; New York (NY); On-site; USD 90,000 - 92,000; Full time

Benefits offered by this job

Health insurance

Dental plan

Vision benefits

Disability coverage

Life insurance

Vacation days

Parental leave

Retirement plan

Tuition reimbursement

Professional development

Job summary

New York City Economic Development Corporation seeks a Senior Associate to join the Incentives team within the Strategic Investments Group. You will manage discretionary tax incentive transactions from origination through closing, conduct financial analyses, due diligence, and advise on financing programs to businesses and nonprofits.

You'll support development of new financial assistance programs and collaborate across NYCEDC and with external partners, reporting to senior leadership and boards.

Qualifications

• Undergraduate degree required; postgraduate degree preferred.
• Proficient in Microsoft Excel, PowerPoint; budgeting/financial statement experience is a plus.
• Strong written, verbal, and presentation skills with diverse audiences.
• Demonstrated project management and analytical abilities; able to manage multiple priorities.

Responsibilities

• Manage discretionary tax incentive transactions from origination through closing.
• Review applications for financial assistance; conduct financial analysis and due diligence.
• Advise applicants on incentives and financing programs; present findings to senior staff and boards.
• Collaborate across NYCEDC and with external partners to advance strategic initiatives.
• Provide day-to-day guidance to junior staff on transactions and program requirements.

Skills

Excel

PowerPoint

Financial analysis

Budgeting

Communication

Education

Bachelor's degree

Postgraduate degree

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 join the Incentives team within the NYCEDC’s Strategic Investments Group , manag ing projects related to tax incentives, bond financing, New Markets Tax Credit financing, or other relevant development finance tools. The role is responsible for managing transactions from origination through closing, conducting financial analysis and due diligence, advising businesses and nonprofit organizations on available financing programs, and presenting recommendations to senior leadership and governing boards. The Senior Associate will also support the development of new financial assistance programs and collaborate across NYCEDC and with external partners.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Manage discretionary tax incentive transactions from origination through closing. This includes but is not limited to the following:

• Developing expertise in New York City Industrial Development Agency ( NYCIDA ), Build NYC , and New York City Neighborhood Capital Corporation ( NYCNCC) financing programs and advise prospective applicants on available incentives and financing opportunities.
• Reviewing applications for financial assistance from for-profit and nonprofit organizations, conducting financial analysis, coordinating site visits, and overseeing project due diligence, including environmental, legal, and background reviews.
• Evaluating applicant eligibility for financial assistance using sound judgment and a thorough understanding of program requirements and communicating recommendations to senior staff.
• Analyzing projects and presenting findings and recommendations to project teams, senior leadership, Boards of Directors, and other City agencies through written and verbal presentations.
• Advise members of the real estate, nonprofit, and business communities on New York City’s economic development financing programs and incentives.
• Collaborate across NYCEDC and with external stakeholders-including developers, nonprofits, CDFIs, financial institutions, consultants, industry organizations, and government agencies-to advance strategic initiatives.
• Prepare ad hoc analyses to evaluate new impact investment opportunities, policy initiatives, and program enhancements.
• Provide day-to-day guidance to junior staff on transactions, financial analysis, and program requirements.
• Perform other duties and special projects as assigned.

QUALIFICATIONS

Undergraduate degree required, postgraduate degree preferred.

3+ years of relevant experience in (economic development, finance, real estate, public policy, urban planning, City or State government).

Proficient in Microsoft Excel, PowerPoint, and other spreadsheet, database, and presentation applications; experience preparing budgets or financial statements is a plus.

Effective written, verbal, and presentation skills, including the ability to communicate effectively with diverse audiences.

Demonstrated project management, organizational, and analytical skills, with the ability to manage multiple priorities and competing deadlines.

Proven ability to work effectively both independently and in a collaborative within a team.

Demonstrated interest or experience in economic development, real estate, public policy, or New York City government.

NYC residency is required within 180 days of hire.

Salary Range

$90,000 - $92,000 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 .

N YCEDC 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 L