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About the Role
The Senior Associate will manage projects related to tax incentives, bond financing, New Markets Tax Credit financing, or other development finance tools. This role involves managing transactions from origination to closing, conducting financial analysis and due diligence, advising businesses and nonprofit organizations, and presenting recommendations to senior leadership.
Responsibilities
- Manage discretionary tax incentive transactions from origination through closing.
- Develop expertise in NYCIDA, Build NYC, and NYCNCC financing programs and advise prospective applicants on available incentives and financing opportunities.
- Review applications for financial assistance from for-profit and nonprofit organizations.
- Conduct financial analysis, coordinate site visits, and oversee project due diligence, including environmental, legal, and background reviews.
- Evaluate applicant eligibility for financial assistance using sound judgment and a thorough understanding of program requirements.
- Communicate recommendations to senior staff.
- Analyze projects and present findings and recommendations to project teams, senior leadership, Boards of Directors, and other City agencies through written and verbal presentations.
- Advise members of the real estate, nonprofit, and business communities on New York City's economic development financing programs and incentives.
- Collaborate across NYCEDC and with external stakeholders to advance strategic initiatives.
- Prepare ad hoc analyses to evaluate new impact investment opportunities, policy initiatives, and program enhancements.
- Provide day-to-day guidance to junior staff on transactions, financial analysis, and program requirements.
- Perform other duties and special projects as assigned.
Requirements
- Undergraduate degree required, postgraduate degree preferred.
- 3+ years of relevant experience in economic development, finance, real estate, public policy, urban planning, City or State government.
- Proficient in Microsoft Excel, PowerPoint, and other spreadsheet, database, and presentation applications.
- Experience preparing budgets or financial statements is a plus.
- Effective written, verbal, and presentation skills, including the ability to communicate effectively with diverse audiences.
- Demonstrated project management, organizational, and analytical skills.
- Ability to manage multiple priorities and competing deadlines.
- Proven ability to work effectively both independently and in a collaborative team environment.
- Demonstrated interest or experience in economic development, real estate, public policy, or New York City government.
- NYC residency is required within 180 days of hire.
Skills
- Microsoft Excel
- Microsoft PowerPoint
- Spreadsheet applications
- Database applications
- Presentation applications
- Financial analysis
- Due diligence
- Project management
- Organizational skills
- Analytical skills
- Written communication
- Verbal communication
- Presentation skills
Location
- New York City
Work Type
- Full-time
Experience Level
- 3+ years of relevant experience
Education Level
- Undergraduate degree
- Postgraduate degree preferred
Salary/Compensations
- $90,000—$92,000 USD
Benefits
- 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
About the Company
- 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.
Equal Opportunity
- 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.