Assistant Vice President, Real Estate Transaction Services
Confirmed live in the last 24 hours
New York City Economic Development Corporation
Compensation
$115,000 - $118,000/year
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:
NYCEDC’s Real Estate Transaction Services Group (RETS): 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 affordable community development throughout New York City.
Your Role: Assistant Vice Presidents (AVP) are responsible for shaping strategy for real estate transactions, both by leading junior staff and managing up to senior staff. AVPs guide project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions for multiple projects at different phases, from evaluating site feasibility and RFP drafting to developer selection and project closing.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Apply advanced knowledge of real estate concepts—including deal structuring and real estate finance—to support project strategy and decision-making
- Manage aspects of the competitive developer-selection processes, including drafting RFPs, reviewing proposals, and negotiating term sheets
- Build, interpret, and review complex financial models in Excel, including discounted cash flows, residual land value analyses
- Collaborate with legal teams to interpret, assess, draft, and negotiate transaction-related legal documents (e.g., MOUs, ground leases, purchase and sale agreements), with a strong understanding of how financial and business terms are integrated
- Incorporate feedback from senior team members to enhance the quality and accuracy of technical deliverables
- Anticipate next steps in transactions and proactively propose strategies to move deals forward
- Lead internal discussions and meetings, effectively communicating to cross-department and external teams
QUALIFICATIONS:
- Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
- 5+ years of experience in relevant field (finance, real estate development, urban planning, public policy, related City or State agency); of which, 3+ years in real estate development preferred
