New Jersey Economic Development Authority (NJEDA) · 11 hours ago
Sr. Product Officer - Real Estate
US-NJ
Full-time
Hybrid
Mid, Senior Level
$83K/yr - $88K/yr
7+ years expThe New Jersey Economic Development Authority (NJEDA) is dedicated to fostering sustainable economic growth in New Jersey. The Sr. Product Officer, Real Estate will manage the Aspire Program, focusing on creating and maintaining a deal flow pipeline, assessing applicants, and building strong relationships with stakeholders.
Financial ServicesSecurityWeb Hosting
No H1B
Responsibilities
Responsible for creating and maintaining deal flow for a pipeline of opportunities; including management reporting functions related to project pipelines to support the Director or delegate in allocating resources and identifying impending applications
Manages comprehensive assessment and evaluation of developers to determine eligibility for the Aspire Program
Works with internal and external stakeholders to present the values and requirements of the Aspire program
Leads the detailed qualification and eligibility process to advance applications to the next stages such as Operations/Underwriting. This will include ensuring all required documentation and information are a part of the full application package are submitted for the due diligence process. Excepted activities include but are not limited to:
Establishing a relationship and eligibility of the applicant
Managing customer expectations of the timing and process for review
Obtain and review of client applications and scope of projects
Review of qualifications under the the Aspire, ERG and/or Community Anchor programs’ parameters and requirements
Collection and review of all due diligence checklist items, highlighting any areas of risk and/or gaps with submissions
Leads customer communication – both positive and negative
Documenting all interactions such as meetings notes, phone calls, and emails into CRM
Ensures applications and program practices comply with the Authority’s guidelines and underwriting standards
Assists the team on projects from conception to approval, ensuring timely delivery of applications to the EDA Board and cultivating a steady pipeline of new applicants
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
Liaises across departments within EDA and external government stakeholders ensuring seamless communication, cooperation, and forward progress
Works with NJEDA colleagues to manage relationships with key industry stakeholders and acts as an industry-development advocate; these efforts may include representing the Authority at industry events, conducting company research, and acting as a company liaison within EDA
Collaborates with NJEDA’s marketing and communications teams to assure website is accurate, programs are accurately marketed, success stories are shared, and program outcomes are reported to Executive Committee, board and program enhancements/efficiencies and improvements are recommended
Reports directly to the Director, Real Estate Tax Credit Programs
Leads independent work and small project teams to execute strategies
Must complete annual self-assessment as required
Performs other duties and special projects, as assigned
Qualification
Required
Knowledge of real estate tax credit programs and experience in economic and community development
Knowledge of Low-Income Housing Tax Credits and experience working with NJHMFA
Proven ability to manage a diverse portfolio of real estate projects, balancing multiple priorities with ease
Ability to perform product analysis and due diligence
Ability to establish and maintain relationships with NJEDA staff and external stakeholders
Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and NJEDA staff
Demonstrated ability to self-motivate and self-lead own work planning and execution with a strong results orientation
Minimum seven years of business experience, preferably in banking, community, financing, and/or real estate development
Bachelor's degree in public policy, urban planning, business administration, finance or other relevant field of equivalent experience
Ability to review and edit pro formas in Microsoft Excel
MS Office proficiency is a must; advanced proficiency in PowerPoint, Excel, and CRM are desired
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
Preferred
Advanced degree or industry specific certification may be substituted for 1 year of experience
Proficiency in the Microsoft Office Suite is preferred
Benefits
Health insurance
Retirement plans
Extensive wellness programs
Company
New Jersey Economic Development Authority (NJEDA)
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$1M2018-07-01Seed· $1M
Leadership Team
Frederick J. Cole
Senior Vice President - Business Support
Clark Smith
Senior Director – Technology Innovation Products
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