New York City Economic Development Corporation

Assistant Vice President, Development at New York City Economic Development Corporation

New York, New York, United StatesFull-timeAsset Management - DevelopmentPosted about 1 month 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>Asset Management Division Overview:  The Asset Management (AM) division pursues a triple-bottom line strategy, targeting economic returns and multiple social metrics including job creation, and growing equitable neighborhoods; as well as ensuring a thoughtful approach to incorporating sustainable and resilient measures. The Development department partners with portfolio and asset managers to identify and advance redevelopment and repositioning opportunities for campus-scale assets managed by NYCEDC on behalf of the City, enhancing economic returns and reinforcing policy directives. Current focus areas include Manhattan Cruise Terminal, Brooklyn Marine Terminal, the Sunset Park campus (Brooklyn Army Terminal and Made in New York Campus), the Teleport Campus in Staten Island, and the Hunts Point Food Market.  Position Overview:   The Assistant Vice President (AVP), Development leads strategic development opportunities that reposition and transform assets with the AM portfolio. Reporting to the Senior Vice President of Development & Energy, the AVP directs multiple concurrent real estate development projects from inception through stabilization.  The AVP serves as a core member of the Development team, managing every phase of the development process, including master planning, feasibility assessment, financial analysis, design and construction oversight, marketing, and asset stabilization. The role requires extensive cross-departmental collaboration within AM, as well as coordination across EDC divisions.  Essential Duties and Responsibilities:  <ul> <li>Build and maintain detailed development pro forma models, isolating key inputs, assumptions, drivers of investment returns, and economic impact.  </li> <li>Manage the procurement of architecture and engineering design and planning services for projects in pre-construction stage.  </li> <li>Coordinate across NYCEDC departments, including Strategy, Innovation Industries, Legal, Finance, Project Procurement Services, Contracts, and Government and Community Relations to ensure seamless execution of all assigned initiatives. </li> <li>Lead multi-disciplinary project teams by setting direction, delegating work appropriately to junior staff, and offering targeted guidance to build team capacity and ensure quality outcomes.  </li> <li>Communicate preferred strategies and key decisions clearly to project stakeholders, ensuring alignment across internal and external teams.  </li> <li>Manage all project reporting obligations, including monthly status updates, weekly health scans, ad hoc analyses, and annual Capital and Expense budgets and prepare clear, concise briefings for senior leadership and City Hall that communicate project purpose, progress, challenges, and recommended next steps. </li> <li>Manage recurring reporting obligations including monthly project status updates, annual Capital and Expense budgeting, weekly and ad hoc project health scans. </li> <li>Prepare updates for senior leadership and City Hall that effectively communicate project purpose, progress, challenges, recommendations and next steps.    </li> <li>Engage with external stakeholders, including government agencies, community groups, and private sector investment and development partners to advance project goals and build alignment.  </li> </ul> Qualifications:  <ul> <li>Bachelors degree in Urban Planning, Real Estate, Business Administration, Public Policy, or a related field. Masters degree preferred in similar fields </li> <li>At least 6 years of experience in urban planning, real estate development, city government, real estate asset management, or a related field </li> <li>Familiarity with urban development, economic development, real estate transactions, ground leases, space leases and purchase and sale contracts </li> <li>Proficiency in real estate financial modeling including modifying existing Microsoft Excel pro formas and building new models for ad hoc analysis </li> <li>Demonstrated ability to communicate complex information clearly in writing and verbally, including PowerPoint presentations, executive memos, and emails.  </li> <li>Proven project management skills, including the ability to prioritize competing needs and opportunities, and manage multiple concurrent projects while maintaining attention to detail </li> <li>Ability to work both independently and collaboratively, with strong initiative, adaptability and follow-through  </li> <li>Demonstrated experience with real estate development practices, preferably specific to NYC agency processes, and an interest in economic development and planning </li> <li>New York City residence 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">$110,000—$113,000 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.  </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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