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Metropolitan Transportation Authority · 4 days ago

Senior Manager TOD Transactions

New York, NY

Full-time

Hybrid

Mid, Senior Level

$92K/yr - $125K/yr

7+ years exp

The Metropolitan Transportation Authority (MTA) is seeking a Senior Manager for TOD Transactions to manage real estate development projects within its transportation system. The role involves implementing TOD planning, performing market analysis, and negotiating with stakeholders to deliver benefits to the MTA.

Transportation/Trucking/Railroad

Responsibilities

Assist on Complex Real Estate Transactions: Structure, negotiate sales (fee and ground leases), air rights sales, easement reservations, and design and construction agreements and acquisitions that advance agency goals, comply with applicable laws, and deliver financial and operational value

Develop and Implement Real Estate and TOD Strategies: Contribute to the formulation and execution of innovative real estate strategies that generate recurring revenue, grow walkable transit-oriented communities, deliver infrastructure and capital asset improvements, and avoid costs

Maximize Portfolio Performance: Manage and optimize the agency's real estate portfolio by identifying development, reuse, or disposition opportunities

Conduct Financial and Market Analysis: Evaluate development proposals and investment opportunities through pro forma modeling, market analysis, valuation, PILOT, or PILOST projections

Oversee RFP and Procurement Processes: Draft and manage public solicitations for developers and consultants, ensure compliance with statutory and procedural requirements, participate in selection and evaluation, and prepare MTA Board materials for approval

Coordinate Across Agencies and Disciplines: Coordinate and work collaboratively with MTA operating agencies and external partners to resolve issues, align priorities, and expedite project delivery

Ensure Compliance, Transparency, and Risk Control: Uphold all statutory, policy, and ethical standards governing public real estate transactions; manage contractual risk; and maintain documentation that withstands internal and external audit

Lead and Develop Staff and Consultants: Direct analysts, consultants, and outside counsel to produce high-quality financial, legal, and technical work; provide mentorship and maintain a culture of professionalism, integrity, and accountability

Represent the Agency to Stakeholders: Communicate effectively with executive leadership, elected officials, community stakeholders, and oversight bodies; prepare executive correspondence and public presentations that reinforce confidence in the agency's stewardship of real estate assets

Qualification

Real Estate DevelopmentFinancial ModelingNegotiation SkillsProject ManagementMarket AnalysisLegal KnowledgeCommunication SkillsAnalytical SkillsGIS FamiliarityOrganizational SkillsTeam LeadershipPresentation Skills

Required

Bachelor's degree in Business Administration, Real Estate, Real Estate Development, Urban Planning, Public Administration, or equivalent field

Must have a minimum of seven (7) years of related experience in real estate, such as real estate development or real estate brokerage

Must have a minimum of two (2) years in a management or supervisory role and a project manager role in a large, multi-stakeholder organization involved in complex transactions

Analytical and financial acumen (pro forma modeling, valuation, and economic feasibility analysis, etc.)

Demonstrated skill in negotiating and closing complex public and private real estate transactions—ground leases, fee sales, easements, and air rights agreements

Legal, Regulatory, and Policy Knowledge: Working knowledge of land use, zoning, environmental review processes, and the statutory and procedural framework governing real estate transactions, particularly in the public sector

Strong organizational and project management skills with attention to detail

Ability to manage multiple concurrent projects and meet deadlines

Capacity to balance financial, policy, and operational objectives and recommend creative solutions aligned with agency mission and fiscal goals

Proven ability to work effectively with legal, engineering, construction, operations, and finance staff and to integrate their perspectives into transaction strategy

Excellent written and verbal communication skills, including the ability to prepare clear, persuasive documents, board materials, and presentations for executive and public audiences

Proficiency in Excel for financial modeling, PowerPoint for presentation, and familiarity with property databases, GIS, and tools such as Yardi

Ability to interpret maps, surveys, and plans; familiarity with real estate, planning, and market research resources

Ability to act independently within established policies and procedures while maintaining high ethical standards, transparency, and sound professional judgment in representing the agency's interests

Preferred

Master's degree in a related field preferred

Company

Metropolitan Transportation Authority

Glassdoor3.6

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people in the 5,000-square-mile area fanning out from New York City through Long Island, southeastern New York State, and Connecticut.

Founded in 1834

New York, NY, US

10001+ employees