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Vice President of Public Markets Operations
2 months ago
Our Mission: To foster a dynamic, inclusive, and globally competitive economy for all residents of New York City.
Department Overview: The Asset Management Property Operations Department is tasked with safeguarding and enhancing the value of City-owned real estate assets while catering to the operational requirements of tenant businesses. Additionally, the Department is responsible for generating lease and permit fee income revenue for the Economic Development Corporation (EDC) and aiding in the allocation of resources among its properties.
Position Overview: The Vice President (VP) of the Public Markets Portfolio will oversee the tenanting and daily operations of the markets, providing support to the Senior Associate managers at each market site. This role encompasses direct management of the flagship market. Responsibilities include managing existing leases and permits, negotiating new agreements, and supervising both tenant- and EDC-led construction initiatives. The VP is expected to adopt a proactive and comprehensive approach to the portfolio, aligning with and fulfilling the goals of the city and EDC.
The VP will cultivate and maintain relationships with key stakeholders and the community. This role involves actively pursuing new tenants and programming opportunities to enhance the portfolio. The VP will also assist the Senior Vice President of Public Markets in documenting high-priority, portfolio-wide initiatives and inter-agency projects to identify potential new revenue streams for the portfolio.
Essential Duties & Responsibilities:
- Oversee a diverse portfolio of leases, permits, and properties on behalf of the City of New York.
- Develop and implement cross-portfolio strategies targeting dual-bottom line and/or policy outcomes.
- Engage with existing and prospective tenants to ensure their objectives are met.
- Analyze potential changes to the portfolio and formulate recommendations for senior management.
- Proactively communicate and establish positive partnerships with all stakeholders (e.g., tenants, EDC management, City Hall, and other governmental entities).
- Collaborate with the portfolio team to prepare annual revenue and expense budgets, verifying forecasted revenues and utility reimbursement calculations.
- Represent the organization at all required venues to present project and asset performance, implemented strategies, and thought leadership through case studies.
- Contribute to the development of the Public Market Portfolio business, marketing, and activation strategy, including P&L management, site identification, capital investment, and project timelines.
- Manage procurement processes to identify new tenants and vendors.
- Assist in the preparation of various contracts, requests for proposals (RFPs), and reports.
- Maintain comprehensive knowledge of all Public Market Portfolio assets, including site capacity, leasing restrictions, pricing, and site history.
- Work with marketing and community partners to develop asset-specific property marketing toolkits, cataloging all relevant site information.
- Serve as the onsite point of contact.
- Respond promptly to all new inquiries.
- Perform other duties as assigned.
- An undergraduate degree or equivalent in facilities management, property management, urban planning, real estate, business, event planning, marketing, hospitality, or a related field.
- 5+ years of experience in market, building, or restaurant management, overseeing staff and/or tenants with daily operational oversight, commercial real estate community programming/community development, and/or economic development.
- Demonstrated verbal and written communication skills required in both English and Spanish, including the ability to present to diverse audiences.
- Commitment to customer service, client engagement, and community involvement.
- Ability to manage projects against tight timelines with a proactive and collaborative approach.
- Strong sense of urgency and responsibility to meet deadlines and objectives.
- Resourceful, enterprising, and results-oriented.
- General computer skills and aptitude for learning various financial software programs.
- Ability to adapt to changing priorities and circumstances.
- Capacity to work independently in the field with minimal oversight.
- Schedule flexibility, including evenings and weekends as necessary.
- New York City residency is required within a specified timeframe of hire.
$95,000-$98,000 USD
About Us: The New York City Economic Development Corporation is a mission-driven, nonprofit organization dedicated to fostering a vibrant, inclusive, and globally competitive economy for all New Yorkers. Our comprehensive approach encompasses four main strategies: enhancing confidence in NYC as a premier business destination; nurturing innovative sectors with a focus on equity; developing neighborhoods as vibrant places to live, learn, work, and play; and delivering sustainable infrastructure for communities and the city's future economy.
NYCEDC is committed to providing competitive benefits that support employee health, happiness, and work-life balance. We offer a comprehensive benefits package and unique perks to ensure our employees thrive in both 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 Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A membership for mindfulness and mental health support
- Employee discounts through various programs
The 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 recognizes that our strength comes from each of our connected parts, enhancing the fabric of our organization through the unique talents of our employees.
For more information, visit our website.
