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Associate – Funds & Advisory

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New York City Economic Development Corporation

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Business, Operations & Strategy
  • New York

AI generated summary

  • You need a degree, 2-4 years in relevant fields, strong financial modeling skills, proficiency in spreadsheets, good communication, ability to manage projects, and a passion for impact investing.
  • You will evaluate potential investments, conduct market and financial analyses, develop models, assist in transactions, present recommendations, and manage relationships with external parties and stakeholders.

Requirements

  • Undergraduate degree required
  • 2-4 years of work experience in a relevant field (e.g., impact investing, investment banking, private equity, venture capital, public finance, real estate finance)
  • Experience with financial modeling, underwriting, valuation, and bespoke quantitative analysis
  • Advanced proficiency using spreadsheets and presentation applications
  • Strong communication skills—both verbal and written
  • Ability to effectively balance a portfolio of projects, with potentially competing demands and deadlines
  • Ability to respond to dynamic organizational priorities
  • Self-starter, independent with ability to work in a team-based environment
  • Strong interest or experience in impact investing, economic development, public policy, New York City, and/or public-private partnerships a plus
  • New York City residence is required within 180 days of hire

Responsibilities

  • Cultivate and vet the pipeline of potential investees
  • Lead due diligence in the form of market analysis, business model evaluation, and financial analysis
  • Develop and maintain detailed financial models; includes the ability to isolate and manipulate model drivers
  • Assist with investment structuring and valuation analyses, e.g., NPV, IRR, COC, DCF analyses
  • Assist with transaction execution, including preparation of internal presentations and memorandums
  • Present investment recommendations to deal teams, NYCEDC executive staff, and City officials to inform decision-making
  • Review basic legal agreements, including term sheets
  • Assist with fund monitoring and reporting, including portfolio financial and impact return analysis
  • Prepare ad-hoc analyses to support the evaluation of new impact investment programs and strategic opportunities
  • Foster and manage relationships with external parties, including startups, not-for-profits, real estate developers, CDFIs, private equity and venture capital firms, investment banks, consultants, industry associations, and other governmental agencies
  • Perform other duties and special projects as assigned

FAQs

What is the salary range for the Associate – Funds & Advisory position?

The salary range for this position is $72,000—$74,000 USD.

What qualifications are required for this role?

An undergraduate degree is required, along with 2-4 years of work experience in a relevant field such as impact investing, investment banking, private equity, venture capital, public finance, or real estate finance.

Is experience in impact investing necessary to apply for this position?

While strong interest or experience in impact investing is a plus, it is not explicitly required to apply for the position.

What are the essential duties of the Associate role?

Essential duties include conducting market research, leading due diligence, assisting with financial modeling, investment structuring, transaction execution, fund monitoring, and fostering relationships with external parties, among others.

Does the job require specific technical skills?

Yes, proficiency in financial modeling, underwriting, valuation, and advanced proficiency in spreadsheets and presentation applications are required.

Will the Associate have the opportunity to present investment recommendations?

Yes, the Associate will present investment recommendations to deal teams, NYCEDC executive staff, and City officials.

Are there opportunities for professional development when working for NYCEDC?

Yes, NYCEDC offers a tuition reimbursement program and opportunities for continuing education and professional development.

Is New York City residency a requirement for this job?

Yes, candidates are required to establish residency in New York City within 180 days of hire.

What is the work environment like?

The role is ideal for someone early in their career who is eager to build foundational experience in impact investing and economic development, and it involves both independent work and teamwork within a dynamic organization.

What benefits are provided to employees of NYCEDC?

NYCEDC offers comprehensive benefits, including health insurance, retirement savings programs, generous vacation days, parental leave, gym membership discounts, and more.

What types of organizations or projects might the Associate work with?

The Associate will work with startups, not-for-profits, real estate developers, CDFIs, private equity and venture capital firms, investment banks, and other governmental agencies.

Will the Associate be involved in structuring new impact investment tools?

Yes, the Associate will advise inter-departmental working groups on the design and launch of new impact investment tools and strategies.

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New York City Economic Development Corporation

Building strong neighborhoods. Creating good jobs.

Government
Industry
201-500
Employees
1991
Founded Year

Mission & Purpose

New York City Economic Development Corporation is a mission-driven, nonprofit organisation 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 neighbourhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.