Senior Associate, Real Estate Transaction Services

nycedc

New York (NY)

On-site

USD 95,000 - 97,000

Full time

4 days ago

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Benefits offered by this job

Health insurance

Dental and vision plans

Retirement savings program

Paid time off

Job summary

New York City Economic Development Corporation (NYCEDC) is seeking a Senior Associate to support underwriting, structuring, and executing real estate and economic development transactions on city-owned land. You will manage projects across their life cycle, from feasibility through closing, with guidance from senior staff and opportunities to influence strategy.

You will develop financial models, analyze scenarios, and draft or negotiate related legal agreements, contributing to job creation,

Qualifications

Bachelor's degree required.
Graduate degree preferred in real estate development, public policy, urban planning, business, finance or law.

Responsibilities

Apply advanced knowledge of real estate finance and deal structuring to support decision-making and project execution.
Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses.
Draft, interpret, and support negotiations for transaction-related legal documents (MOUs, Ground Leases, Purchase and Sale Agreements).
Lead activities for competitive site dispositions, including drafting RFPs and overseeing site tours.

Skills

Real estate finance

Excel modeling

Negotiation

Project management

Financial analysis

Education

Bachelor's degree

Graduate degree in real estate/policy/urban planning/finance or law

Tools

Excel

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

RETS is the City's primary department for underwriting, structuring, and executing real estate and economic development transactions on city-owned land, with the goal of transforming underutilized properties into projects that support job creation, industry-based economic development goals, and housing development throughout New York City. Senior Associates are responsible for project management and financial analysis for real estate transactions, as well as supporting the creation and negotiation of related legal agreements. Senior 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, with room to exercise judgement and provide strategic direction.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Apply advanced knowledge of real estate finance and deal structuring to support strategic decision-making and project execution
Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses, to evaluate project returns and scenarios
Draft, interpret, and support negotiations for transaction-related legal documents (e.g., MOUs, Ground Leases, Purchase and Sale Agreements)
Lead activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&A, and analyzing responses
Anticipate transaction milestones and proactively recommend strategies to advance deal execution
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 and deliver 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
Develop and maintain relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
Other duties as assigned

QUALIFICATIONS

Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
3+years of experience in a relevant field (real estate development, finance, urban planning, public policy, related City or State agency)
Experience with project management from feasibility to project completion
Proven track record of advancing projects in challenging environments
Demonstrated analytical skills, including Excel proficiency with discounted cash flows, residual land value analysis, and project economics
Understanding of economic development, land use, and affordable housing issues and NYC Government preferred
Effective communication across all formats, including reports, presentations, and meetings
New York City residence is required within 180 days of hire

Salary Range

$95,000 - $97,000 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.

Benefits