Associate, Real Estate Transaction Services

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.POSITION OVERVIEW: Associates are responsible for supporting project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions. 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.ESSENTIAL DUTIES AND RESPONSIBILITIES:Lead project management for multiple large-scale transactions, including the oversight of timelines, workflows, internal and external meetings, presentations, issues lists, and key project documentsSupport activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses.Assist in drafting and negotiating term sheets, contracts of sale, ground leases, pre-development agreements and other agreementsBuild and maintain detailed financial models and pro formas for development projectsNavigate processes internal to NYCEDC to drive progress at each stageAnalyze and present findings and recommendations to project teams, senior staff, senior NYCEDC officials, and other City agencies in written and verbal formCreate presentations for elected officials, community stakeholders, NYCEDC Board of DirectorsCollaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations, and Asset ManagementFoster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholdersOther duties as assignedQUALIFICATIONS:Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.2+ years of experience in a relevant field (finance, real estate development, urban planning, public policy, related City or State agency)Familiarity and experience with project management duties including project implementation from conception to completionDemonstrated analytical skills, including Excel proficiency with discounted cash flows, pro formas, and project economicsUnderstanding of economic development issues and NYC Government preferredCommunicates effectively across all formats, including reports, presentations, and meetingsNew York City residence is required within 180 days of hire