Vice President - Strategic Investments Group
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: To create shared prosperity across New York City’s five boroughs by strengthening neighborhoods and growing good jobs.
The Strategic Investments Group (SIG), develops innovative financial products aimed at strengthening strategically significant industry subsectors and foster new job growth. Utilizing equity and debt investments in conjunction with discretionary tax benefits, SIG negotiates deal structures and provides financing opportunities to foster business growth in NYC. SIG frequently works with City Hall and other City agencies to advise on tax incentives and strategies for business attraction and relocation, as well as frequently participating in outreach events and conferences to promote programs.
Your Role: Reporting to the Senior Vice President (SVP) of the Strategic Investments Group (SIG), the Vice President (VP) will be charged with directing and managing SIG's discretionary incentive and bond finance programs. The VP will be responsible for originating a robust pipeline of new deals; developing new financial assistance programs that are consistent with City policy objectives; structuring and negotiating discretionary incentive packages for a wide variety of company types; guiding deals through the necessary board and public approval processes; and creating and maintaining strong working relationships with external stakeholders. The VP will also be a critical thought partner to the SVP in the strategic planning, program and process development, and overall management and direction of SIG.
Essential Duties and Responsibilities:
- Primary oversight of tax incentive and conduit bond finance projects for both for-profit and not-for-profit entities
- Primary responsibility for drafting, negotiating, and reviewing a wide variety of both financing contracts and project documentation [including for public-private-partnerships, private placements, syndicated loans, cross-border transactions, swaps, and tax-equity]
- Lead structuring of projects and negotiation of financial transactions, including creating and executing on creative solutions to ensure triple bottom line and policy aligned outcomes
- Build and maintain relationships with real estate developers, Community Development Financial Institutions (CDFIs), financial institutions, attorneys, consultants, relevant business groups, civic and community stakeholders, and other professional organizations
- Manage two boards of directors, including leading member outreach, approval of all materials, and governance and compliance responsibilities
- Hire, train, supervise, and provide ongoing professional development to junior team members
- Demonstrate managerial capabilities, with specific focus on leading and motivating teams, setting and meeting goals, expectations and deadlines with limited oversight
- Deliver frequent presentations to executive staff, boards, and City officials
- Coordinate incentive programming with other City and State and quasi-governmental agencies
- Collaborate on cross-departmental initiatives, and support NYCEDC’s community and media engagement efforts
- Work with SVP and other department leadership to develop strategic outlook for SIG
- Managed large scale deal processes, including oversight and coordination of outside counsel and experts as well as internal team members
- Juris Doctor (JD) preferred, or Master’s Degree in business, real estate or finance
- Target work experience of 6-8 years
- Participated in all stages of the development, financing, and restructuring of complex [secured/unsecured] transactions [particularly in regulated areas].
- Possess a strong sense of professional judgment and ability to solve problems creatively
- Exhibit leadership abilities, including interpersonal, communication and public speaking skills, and a strong sense of personal accountability
- Able to lead communication with client and with counterparty and their counsel
- Experience using spreadsheets, databases, and presentation applications including but not limited to Excel and PowerPoint
- Demonstrated ability to both work independently and lead a project team on complex transactions, indluding identifying and ameliorating potential hurdles or risks
- Strong project management and interpersonal skills
- Ability to work in a team-based environment with limited oversight
- Strong written and oral communication skills, including public speaking
- Ability to prioritize competing needs and opportunities
- Understanding of economic development policies and issues preferred
- Familiarity with NYC government and NYC real estate preferred
- Demonstrated interest in the City’s mission and investment strategy preferred
About NYCEDC: New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate job growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities. Additional information on NYCEDC can be found by visiting http://www.nycedc.com/.
Our Diversity & Inclusion Mission is to attract, retain, and engage a diverse workforce comprised of talented people. 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. NYCEDC employees work as part of a highly engaged, passionate and inclusive team where everyone’s contributions are valued, respected, and have an impact on one of the best and most diverse cities in the world!
The New York City Economic Development Corporation is an Equal Opportunity Employer. NYCEDC offers excellent benefits, including company-paid 401 (a) pension plan, 457(b) tax-advantaged retirement savings plans, medical, dental and vision benefits, and discounted gym memberships and movie tickets.