Assistant Vice President, Hunts Point

United States·New Yorkexecutive

OtherAssistant Vice President

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Quick Summary

Key Responsibilities

Support negotiation and contracting across a range of agreements, including operating agreements, leases, permits, and other contractual matters, in partnership with EDC Legal team,

Requirements Summary

Bachelor’s Degree and at least 5 years of experience in real estate development, asset management, urban planning, private equity, management consulting,

Technical Tools

OtherAssistant Vice President

Responsibilities

~1 min read

→Support negotiation and contracting across a range of agreements, including operating agreements, leases, permits, and other contractual matters, in partnership with EDC Legal team, the Law Department, and outside counsel where appropriate.
→Identify and execute redevelopment opportunities within the portfolio, including planning RFPs and capital projects to modernize, expand, or reposition assets; develop financial underwriting for proposed investments and oversee team members in building financial models.
→Partner with the Business Operations team to prepare annual revenue/expense budgets. Verify forecasted revenues and utility reimbursement calculations for the portfolio.
→Serve as a key external representative at required engagements.
→Manage day-to-day asset management functions, including tenant communications, monthly portfolio meetings to reconcile management budgets, review lease pipelines, plan for lease expirations, evaluate tenant financial reports, manage arrears and collections, investigate insurance issues, advise on any ongoing litigations.
→Participate in special projects with city agencies and City Hall.
→Prepare contracts, requests for proposals (RFPs), reports, and key correspondence.
→Other duties as assigned.

Requirements

~3 min read

Bachelor’s Degree and at least 5 years of experience in real estate development, asset management, urban planning, private equity, management consulting, economic development and/or related field
Master’s degree in a related field preferred
Experience with property management, lease administration, negotiations, and tenant relations
Strategic and independent thinker with the ability to structure and present a compelling plan
Effective project management and financial analysis skills, with a detail-oriented approach
Demonstrated written, verbal, and analytical communication skills, with an emphasis on strategic and persuasive communication
Proficient in Microsoft Office
New York City residence is required within 180 days of hire

Salary Range

$110,000—$113,000 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.

NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in 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 Calm.com membership for mindfulness and mental health support
Employee discounts through Plum Benefits and much more

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.

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 knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.

For more information, visit our website at edc.nyc.