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New Jersey Economic Development Authority (NJEDA) · 3 months ago

Managing Director - Real Estate, Incentives, & Tax Credits Programs

US-NJ

Full-time

Hybrid

Director/Executive

$130K/yr - $146K/yr

10+ years exp

The New Jersey Economic Development Authority (NJEDA) is focused on fostering sustainable economic growth in New Jersey. The Managing Director will oversee the Authority’s real estate portfolio of tax credits and incentives, lead strategic development projects, and drive various programs aimed at enhancing economic development in the state.

Financial ServicesSecurityWeb Hosting

No H1B

Responsibilities

Leads the team in managing real estate programs that support the state’s real estate development projects from conception to closing, including project financial analysis. The suite of programs anchored by Aspire and CAFÉ

Reports out on the results of the real estate incentive and tax credit programs and actively manages the transaction product pipeline

Oversees new programs as authorized by the Legislature around direct real estate development or supporting private sector real estate development

Directs the implementation of projects to meet the EDA’s fiscal and policy objectives and oversees development of transaction project pipeline to ensure ongoing delivery of new economic development projects

Presents or oversees presentations to stakeholders internally and externally

Implements programs and projects authorized by statute focusing on both direct public development and support for private sector activities

Ensures delivery from initial concept through financial close, often including cross-agency or public-private collaboration

Directs project execution to meet both EDA fiscal goals and statewide policy priorities

Works cross-organizationally to achieve state economic development objectives, while meeting EDA performance goals

Serves as a resource to stakeholders, the NJEDA Board, and partner agencies on real estate and development activities

Reports directly to the Chief Tax Credit & Incentives Officer and is a member of the NJEDA’s Operating Committee

Oversees, directs, and organizes the Real Estate Development & Programs teams and their products

Must complete annual self-assessment as required

Performs other duties and special projects, as assigned

Qualification

Real Estate DevelopmentEconomic DevelopmentProject ManagementPortfolio ManagementUrban PlanningTeam MotivationAnalytical CommunicationCulture BuildingInnovationChangeVision-Driven ResultsMicrosoft Office SuiteOutstanding CommunicationLeadershipCross-Functional Collaboration

Required

In-depth knowledge of real estate development practices and economic development and planning

Understanding of property and facility management, construction and design issues, and urban planning

Knowledge of regulatory and permitting issues surrounding real estate development

Knowledge of state government entities and requirements

Outstanding Communication: Demonstrates exceptional written, verbal, interpersonal, and presentation abilities, enabling effective engagement with diverse stakeholders — including senior management, the EDA Board of Directors, staff, government officials, business and industry partners, and individual clients

Analytical Communication and Stakeholder Collaboration: demonstrates the ability to clearly explain complex capital structures and financing strategies to partners, investors, and non-technical members, fostering informed decision-making and consensus

Leadership and Team Motivation: Inspires, motivates, and leads teams with a strong focus on results, fostering accountability, ownership, and pride in achieving departmental and organizational objectives

Culture Building: Champions a high-performance culture rooted in collaboration, cross-functional teamwork, continuous improvement, and a commitment to professional growth and quality

Project Management Excellence: Applies advanced project management skills to interpret regulations, develop and refine operational processes, and drive the continual enhancement of project management systems throughout the department

Talent Management: Acquires, develops, and manages high-performing teams

Cross-Functional Collaboration: Partners effectively across boundaries and functions

Vision-Driven Results: Drives a clear vision and strategic thinking for achieving results

Innovation and Change: Encourages new ideas, opportunities for change, and motivates team members

Minimum 10 years of experience in relevant field (real estate finance and/or development, public policy, urban planning, City or State agency with a proven record of extensive experience on economic development and real estate)

Minimum 5 years of management experience

Minimum 7 years' experience in portfolio management with a clear demonstrated understanding of risk management and portfolio benchmarking metrics

Bachelor's degree in business, real estate, public policy, urban planning, finance or law; Master's degree preferred

Staff are required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essentials duties of the position

Foreign degrees/transcripts must be evaluated by a reputable evaluation service at your own expense and must be submitted prior to a start date. If this cannot be provided within 21 days of an offer the offer will be rescinded

Must comply with the 'New Jersey First Act' which requires employees hired after September 1, 2011, to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources

Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis

Must review the required NJ State Ethics Guidelines found on the state website

Selected candidates must be authorized to work in the United States per the Department of Homeland Security, United States Citizenship and Immigration Services regulations