Senior Associate, Incentives

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.   

Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers. 

Position Overview: The Senior Associate (SA)-Incentives will play a key role on the Incentives team within the Strategic Investments Group. The SA will manage projects within SIG’s portfolio of discretionary incentives programs, including the New York City Industrial Development Agency, Build NYC Resource Corporation, NYC Neighborhood Capital Corporation, and other relevant development finance tools. The SA will also support the Vice President and Assistant Vice President in program and business development.

Essential Duties and Responsibilities:

• Manage complex incentive transactions from origination through closing
• Review applications for financial assistance from for-profit and not-for-profit clients; conduct financial analysis of applicant projects, site visits, and facilitate other due diligence, including environmental, legal and background checks
• Use judgement and learned understanding of financial assistance programs to determine whether applicants are eligible for requested financial assistance, and clearly communicate informed judgements to senior staff and external applicants
• Develop a thorough understanding of tax incentive and tax-exempt bond financing programs that are available through the New York City Industrial Development Agency, the Build New York City Resource Corporation and the NYC Neighborhood Capital Corporation, respectively, and then communicate this information to potential applicants
• Analyze and present findings and recommendations to project teams, senior staff and independent Board of Directors in written and verbal form and brief senior officials of EDC and other City agencies
• Participate in program marketing and business development efforts with external stakeholders
• Advise members of the real estate and business communities about incentives and programs available in New York City
• Design, research, and assist in the administration of new NYCEDC financial assistance programs; perform research and due diligence on new financial programs
• Collaborate with colleagues in other departments in EDC to develop new financial products and programs
• Support engagement with external parties, including start-ups, not-for-profits, developers, CDFIs, PE/VC, investment banks, consultants, industry associations/business groups, civic and community stakeholders and other agencies\
• Prepare ad-hoc analyses to support the evaluation of new impact investment programs and strategic opportunities
• Provide project and professional development guidance and training to junior staff
• Other duties as assigned

Qualifications:

• Undergraduate degree required; preference for graduate degree in business, finance, urban planning, public policy, real estate or related subject area
• 2-4 years of experience in relevant field (Finance, Real Estate, Accounting, Public Policy, Urban Planning, City or State government)
• Preference for candidates with demonstrated experience in financial accounting, including creating budgets, analyzing company financial statements, and reviewing real estate pro formas
• Proficiency using spreadsheet, database, and presentation applications, including Excel and PowerPoint
• Familiarity with New Markets Tax Credits transactions preferred, but not required
• Strong written and oral communication skills, including public speaking
• Project management experience
• Demonstrated interest or experience in economic development, real estate, New York City, and/or public policy issues a plus
• New York City residence is required within 180 days of hire

Salary Range$75,000—$82,000 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,