Vice President, Manhattan, Commercial & Industrial
hace 11 días
New York
Job Description 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. The Asset Management (AM) Division is at the forefront of managing NYC's largest and most diverse portfolio of real estate and transportation assets. The AM Division is responsible for linking policy goals with full life-cycle management of its broad portfolio, including retail spaces, commercial buildings, industrial sites, ports, public markets, theaters, and major campuses through capital planning, design and construction, asset and facilities management, and enterprise operations. Portfolio Overview: The Manhattan Portfolio is a key component of NYCEDC's broader mission to enhance the economic vibrancy and sustainability of New York City. The portfolio includes critical assets such as 42DP, the Seaport, Zero Irving, Columbia Audubon, 1680 Lexington, and more. 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 borough of Manhattan. Position Overview: The Vice President of Manhattan is a leadership role responsible for overseeing and owning all aspects of the Manhattan Portfolio. Reporting to the Co-Head of Commercial and Industrial with significant interface with NYCEDC's President's Office, this position demands a dynamic and strategic leader experienced in managing and leading large real estate portfolios through development, repositioning and stabilization. In this high-profile position, the Vice President will navigate multifaceted stakeholder environments, driving operational excellence, and leading transformative projects that will have a lasting impact on New York City. Essential Duties and Responsibilities: Strategic Management and Planning: • Lead the development and execution of a comprehensive strategic vision for the Manhattan Portfolio, ensuring alignment with NYCEDC's broader goals of economic development, sustainability, and community impact., • Oversee all aspects of the portfolio, including strategic planning, development, and operations, to maximize its economic potential and community benefits., • Evaluate and then execute upon opportunities for redevelopment within the portfolio, planning for RFPs and/or capital projects to modernize, expand or reposition assets. This includes developing the financial underwriting of proposed investments and managing team members in building financial models., • Manage the cadence of asset management duties, including consistent 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 and other regular asset management tasks., • Develop and implement a strategic leasing plan to optimize occupancy and revenue across the portfolio., • Cultivate strong relationships with current and prospective tenants, ensuring high satisfaction and retention rates., • Serve as the primary liaison with community leaders, city officials, and other stakeholders to foster partnerships, secure funding, and support initiatives that benefit the Manhattan communities., • Manage the portfolio's financial performance, including P&L responsibility, budgeting, financial forecasting, and capital planning., • Lead, mentor, and develop a multidisciplinary team, fostering a culture of innovation, collaboration, and professional growth., • Build team capabilities to support the strategic objectives of the Manhattan Portfolio and the broader NYCEDC mission., • Degree in Business Administration, Real Estate Development or Finance or related field is required. Master's degree in similar focuses is preferred., • Minimum of 8 years in leadership roles within real estate or asset management, including at least 2 years of direct management experience., • Experience in commercial real estate development, asset management, private equity, management consulting, economic development and/or related field., • Proven track record in strategic planning, financial management, and operations with significant leadership experience in managing large-scale, complex projects, or within significant organizational divisions., • Demonstrated organizational, communication, and negotiation skills., • Evidence of strategic decision-making and a track record of successful project completions, knowledge of industry standards, and familiarity with relevant technologies and methodologies., • Proficiency in financial and property management planning, policies, and ERP systems., • Financial fluency and acumen, including budget preparation, capital planning, management of P&L or operational experience in overseeing design development, project delivery, and or facility operations., • Experience with enterprise resource management and large and complex, or blue-chip client organizations active in large real estate portfolio management or development., • Experience with New York City, public-private partnerships, municipal projects, or large-scale urban development is preferred. 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, 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 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. For more information, visit our website at edc.nyc.