New York City Economic Development Corporation

New York City Economic Development Corporation

Assistant Vice President, Hunts Point

New York, New York, United States · Exec

Sponsorship not specified$110k-$113kDetected 49 days ago
Project ManagementNegotiationFinancial AnalysisCommunicationMicrosoft OfficeUnderwriting

About the role

  • The AVP will focus on creating the physical assets and supporting initiatives in New York City that fulfills NYCEDC's double-bottom line strategy of producing both economic and social returns.

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, the Law Department, and outside counsel where appropriate.
  • Identify and execute redevelopment opportunities within the portfolio, including planning RFPs and capital projects to mo dernize, expand, or reposition assets; develop financial underwriting for proposed investments and oversee team members in building financial models.
  • 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.

Requirements

  • 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
  • Experience with property management, lease administration, negotiations, and tenant relations
  • Strategic and independent thinker with the ability to structure and present a compelling plan
  • New York City residence is required within 180 days of hire
  • 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
  • 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.

Nice to have

  • Master's degree in a related field preferred

Compensation

  • $110,000 - $113,000 USD
  • Partner with the Business Operations team to prepare annual revenue/expense budgets. Verify forecasted revenues and u t ility reimbursement calculations for the portfolio.

Benefits

  • N YCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance <span class="NormalTextRun SCXW2446209

Company info

  • Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
  • NYCEDC's Asset Management Division manages real estate and non-traditional assets across all five boroughs of New York City including commercial real estate as well as transportation, critical infrastructure, and energy assets.
  • The division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including but not limited to job creation, and growing equitable neighborhoods.
  • The overall assets are divided into multiple portfolios, each managed by a Portfolio Manager, with a Portfolio Surveillance group that monitors and enforces standards and practices across the division.
  • The Hunts Point Portfolio is a key component of NYCEDC's broader mission to enhance the economic vibrancy and sustainability of New York City.
  • The portfolio includes the Hunts Point Food Distribution Center, the largest food distribution center of its kind in the world, and the Hunts Point Market, serving millions of New Yorkers with fresh produce, meat, and seafood.
  • The portfolio also encompasses strategic land-use initiatives, workforce programs, and innovative sustainability efforts aimed at creating jobs, promoting environmental justice, and supporting economic growth in the South Bronx.
  • 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.
  • The division-wide portfolio encompasses all property types including those that are standard in the real estate industry (Retail, Mixed-Use/Commercial, Industrial, etc.) with individual Portfolio Managers also managing assets particular to public sector and public/private (Transportation assets including Ferry, Cruise, Freight/Rail, and Aviation, Retail and Market assets, Cultural, Industrial and Commercial assets).
  • Position Overview: Reporting to the V ice President, Hunts Point, the AVP is responsible for supporting the growth and management of a portfolio of real estate assets consisting of industrial and distribution facilities within the Hunts Point Food Distribution Center campus in the South Bronx.
  • Essential Duties and Responsibilities:
  • Partner with the Business Operations team to prepare annual revenue/expense budgets. Verify forecasted revenues and u t ility reimbursement calculations for the portfolio.
  • Serve as a key external representative at requir ed engagements.
  • Participate in special projects with city agencies and City Hall.
  • Prepare contracts, requests for proposals (RFPs), reports, and key correspondence.
  • Other duties as assigned.
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This listing is sourced directly from New York City Economic Development Corporation's careers page and normalized into a canonical job model.