AVP, Real Estate & Finance

Location: New York, NY

Employment Type: Professional

Requisition ID: 1654

Role Summary

Reporting directly to the Senior Vice President of Real Estate Development and Planning, the Assistant Vice President of Real Estate and Finance will lead a diverse portfolio of statewide real estate transactions from community engagement and planning, environmental review and public approvals, transaction closing, and construction. The AVP will be responsible for leading financial and economic analysis for projects across the department's portfolio.

What You'll Do

• Develop financial models to evaluate various real estate development proposals and their financial value to New York State
• Conduct financial and economic due diligence, including market comparables and assessment of key underwriting assumptions including hard and soft costs, financial returns, and interest rate inputs
• Evaluate financing and real estate tax exemption structures
• Execute real estate transactions including crafting term sheets and negotiating transactional documents such as ground leases, purchase and sale agreements, and PILOT payment structures
• Manage public and private parties involved in project planning and design, securing entitlements, economic analysis, and real estate transactions, including landlords, landowners, developers, architects, urban planners, financial consultants, engineers, appraisers, title abstract companies, attorneys, environmental consultants, State and municipal agencies, and others
• Lead the drafting of Request for Proposals for portfolio properties and manage the proposal evaluation and designation process
• Interface with staff at NYS agencies as well as with local and county governments
  
  

Required Qualifications

• Bachelor's degree required
• 5 years of experience in real estate, finance, economic development, affordable housing, urban planning, public administration, or a related demanding analytic environment
• Strong quantitative skills and financial underwriting ability
• Strong demonstrated written and oral communications and presentation skills
• Ability to set up the problem, manage projects against tight timelines, and work well in teams
• Ability to look at the big picture and search for insightful, creative solutions
• Ability to prioritize among competing needs and opportunities
• Energetic, pro-active, collaborative, and strategic mindset
• Knowledge of New York State and/or general issues relevant to economic development
  
  

Preferred Qualifications

• Graduate degree in real estate, urban planning, business, law, public policy, or related field
• Excel proficiency
  
  

Compensation

$120,000–$125,000 annually

How to Apply

Applicants must submit a cover letter with resume to be considered.

Additional Information

This position will require in-office presence. Hybrid work schedules may be possible based on specific job duties and consistent with ESD policy.

Equal Opportunity Statement

Minorities, women, and individuals with disabilities are encouraged to apply. Please contact Human Resources if you require an accommodation.