New York City Economic Development Corporation

Senior Associate, Incentives at New York City Economic Development Corporation

New York, New York, United StatesFull-timeStrategic Investments GroupPosted about 2 months ago

About the Role

<div class="content-intro"><div class="OutlineElement Ltr SCXW186641841 BCX0"> 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.    </div> <div class="OutlineElement Ltr SCXW186641841 BCX0"> Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.  </div></div>POSITION OVERVIEW:  The Senior Associate will join the Incentives team within the NYCEDC’s Strategic Investments Group, managing projects related to tax incentives, bond financing, New Markets Tax Credit financing, or other relevant development finance tools. The role is responsible for managing transactions from origination through closing, conducting financial analysis and due diligence, advising businesses and nonprofit organizations on available financing programs, and presenting recommendations to senior leadership and governing boards. The Senior Associate will also support the development of new financial assistance programs and collaborate across NYCEDC and with external partners.   ESSENTIAL DUTIES AND RESPONSIBILITIES:  <ul> <li>Manage discretionary tax incentive transactions from origination through closing. This includes but is not limited to the following: </li> <li>Developing expertise in New York City Industrial Development Agency (<a href="https://edc.nyc/nycida">NYCIDA</a>), <a href="https://edc.nyc/build-nyc">Build NYC</a>, and New York City Neighborhood Capital Corporation (<a href="https://edc.nyc/nycncc">NYCNCC)</a> financing programs and advise prospective applicants on available incentives and financing opportunities. </li> <li>Reviewing applications for financial assistance from for-profit and nonprofit organizations, conducting financial analysis, coordinating site visits, and overseeing project due diligence, including environmental, legal, and background reviews. </li> <li>Evaluating applicant eligibility for financial assistance using sound judgment and a thorough understanding of program requirements and communicating recommendations to senior staff. </li> <li>Analyzing projects and presenting findings and recommendations to project teams, senior leadership, Boards of Directors, and other City agencies through written and verbal presentations. </li> <li>Advise members of the real estate, nonprofit, and business communities on New York City's economic development financing programs and incentives. </li> <li>Collaborate across NYCEDC and with external stakeholders—including developers, nonprofits, CDFIs, financial institutions, consultants, industry organizations, and government agencies—to advance strategic initiatives. </li> <li>Prepare ad hoc analyses to evaluate new impact investment opportunities, policy initiatives, and program enhancements. </li> <li>Provide day-to-day guidance to junior staff on transactions, financial analysis, and program requirements.</li> <li>Perform other duties and special projects as assigned. </li> </ul> QUALIFICATIONS:  <ul> <li>Undergraduate degree required, postgraduate degree preferred.  </li> <li>3+ years of relevant experience in (economic development, finance, real estate, public policy, urban planning, City or State government).   </li> <li>Proficient in Microsoft Excel, PowerPoint, and other spreadsheet, database, and presentation applications; experience preparing budgets or financial statements is a plus. </li> <li>Effective written, verbal, and presentation skills, including the ability to communicate effectively with diverse audiences. </li> <li>Demonstrated project management, organizational, and analytical skills, with the ability to manage multiple priorities and competing deadlines. </li> <li>Proven ability to work effectively both independently and in a collaborative within a team.  </li> <li>Demonstrated interest or experience in economic development, real estate, public policy, or New York City government.</li> <li>NYC residency is required within 180 days of hire. </li> </ul><div class="content-pay-transparency"><div class="pay-input"><div class="title">Salary Range</div><div class="pay-range">$90,000—$92,000 USD</div></div></div><div class="content-conclusion"><div class="SCXW244620978 BCX0"> <div class="OutlineElement Ltr SCXW244620978 BCX0"> 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.  </div> <div class="OutlineElement Ltr SCXW244620978 BCX0"> 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:   </div> <div class="ListContainerWrapper SCXW244620978 BCX0"> <ul> <li>Generous employer subsidized health insurance </li> <li>Medical, dental, and pharmacy plans  </li> <li>Vision and hearing benefits</li> <li>Flexible spending accounts for healthcare and dependent care  </li> <li>Short term and long-term disability coverage</li> <li>100% employer covered life insurance and supplemental life insurance coverage</li> <li>Up to 25 vacation days</li> <li>Floating Holidays and Summer Fridays</li> <li>Parental leave - up to 20 paid weeks</li> <li>Retirement savings programs <ul> <li>Company-paid 401(a) defined contribution plan</li> <li>457(b) tax-advantaged retirement savings plan</li> </ul> </li> <li>Tuition Reimbursement program</li> <li>Continuing education and professional development</li> <li>Public Service Loan Forgiveness (PSLF) eligible employer</li> <li>College savings plan</li> <li>Backup childcare  </li> <li>Gym membership discounts</li> <li>A Calm.com membership for mindfulness and mental health support  </li> <li>Employee discounts through Plum Benefits and much more   </li> </ul> </div> </div> <div class="SCXW244620978 BCX0"> <div class="OutlineElement Ltr SCXW244620978 BCX0"> 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.  </div> </div> <div class="OutlineElement Ltr SCXW244620978 BCX0"> 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.  At NYCEDC, all applications are reviewed by our Talent Acquisition team and hiring managers. We do not use artificial intelligence (AI) tools to screen, evaluate, or make decisions regarding candidate resumes or applications. Each candidate is considered through a thoughtful, human-led review process to ensure equity, consistency, and alignment with the needs of the role.  </div> <div class="OutlineElement Ltr SCXW244620978 BCX0"> For more information, visit our website at <a class="Hyperlink SCXW244620978 BCX0" href="http://www.edc.nyc/" target="_blank">edc.nyc</a>.  </div> <div class="OutlineElement Ltr SCXW244620978 BCX0">   </div> <div class="OutlineElement Ltr SCXW244620978 BCX0">   </div></div>

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