Vice President, Real Estate Transaction Services

3 weeks ago

New York, New York, United States New York City Economic Development Corporation Full time
Job Summary

We are seeking a highly skilled and experienced Vice President to join our Real Estate Transaction Services team. The successful candidate will be responsible for supervising a team of real estate finance and development professionals on projects central to NYC's economic development goals.

The ideal candidate will have a strong understanding of real estate development practices, preferably specific to NYC, and economic development and planning policy. They will also possess a proven track record of managing complex transactions and leading project teams.

The Vice President will be responsible for leading projects from inception to closing, directing financial analysis, managing negotiations, and overseeing project management and progress. They will also establish and maintain client contact and conduct community outreach.

The successful candidate will be a self-starter who works well in a team-based environment with limited oversight. They will also have a strong sense of professional judgment and ability to solve problems creatively.

Key Responsibilities
  • Supervise and provide direction on all aspects of real estate project management and land sale/lease negotiations
  • Direct financial structuring analyses (NPV, IRR, COC, etc.) to isolate key drivers of investment return
  • Conduct transaction negotiations to maximize return to the City and EDC
  • Establish & achieve short and long-term project goals and timeframes
  • Develop systems for accountability and monitoring for projects and staff
  • Initiate, supervise and review all relevant project documents
  • Present projects to executive staff, boards and City officials
  • Identify new projects and/or development opportunities for EDC
  • Offer expertise on initiatives and issues relevant to the Real Estate Transaction Services department
  • Build and maintain relationships with governmental and quasi-governmental agencies, real estate developers and business groups, consultants, civic and community stakeholders, and cultural and professional organizations
Requirements
  • Bachelor's Degree or equivalent in business, real estate, public policy, urban planning, finance or law
  • 7-10 years of experience in relevant field (finance, real estate, development, public policy, urban planning, City or State agency); Master's Degree preferred
  • Proven strength in use of spreadsheet, database, and presentation applications including Excel and PowerPoint
  • Proven experience in real estate market research, including using market databases such as CoStar and Real Capital Analytics and programs
  • Familiarity with real estate transaction documents, such as leases and contracts of sale
  • Proven project management and interpersonal skills
  • Demonstrated written and oral communication skills, including public speaking
  • Ability to prioritize competing needs and opportunities
  • Understanding of economic development issues
  • Familiarity with NYC government and NYC government real estate processes
  • Ability to be a self-starter who works well in a team-based environment with limited oversight
  • Demonstrated ability to both work independently and lead a project team on complex transactions

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