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Transaction Specialist - job 2 of 3

Job Description

DCAS's mission is to make city government work for all New Yorkers. From managing New York City’s most iconic courthouses and municipal buildings, to purchasing over $1 billion annually in goods and services for more than 80 City agencies what we do ensures that all agencies can deliver on their mission. Our reach touches every facet of city government and is instrumental to the successful day-to-day operations of the City of New York.

Our commitment to equity, effectiveness and sustainability guides our work providing City agencies with the critical resources and support needed to succeed, including:
- Recruiting, hiring, and training City employees.
- Managing 55 public buildings.
- Acquiring, selling, and leasing City property.
- Purchasing over $1 billion in goods and services for City agencies.
- Overseeing the greenest municipal vehicle fleet in the country.
- Leading the City's efforts to reduce carbon emissions from government operations.

When you work at DCAS, you're not just working for one agency, but in service of them all. It's an opportunity to provide impactful support, quality customer service, and help protect the future of New York City for generations to come. Visit our website at nyc.gov/dcas to learn more about the work we do.

The Real Estate Services (RES) division of DCAS supports the operations of the government of the City of New York by providing services for the City’s real estate needs. RES is responsible for the space planning and management of 37 million square feet, Citywide acquisitions (lease or purchase), sales and other dispositions of City-owned real estate, architectural design and project management, zoning and land use analyses, disposition of 15,000 City-owned lots, property valuation, and financial analysis of real estate transactions.

The RES Leasing unit is responsible for finding space for City agency operations and negotiating leases and licenses on behalf of the City as a tenant in buildings that are privately-owned. Leasing's mandate is to negotiate cost effective leases and license agreements and shepherd them through the DCAS process on a timely basis. The transactions must satisfy the client agency's requirements and must conform to the City's policies and procedures.

We are seeking to hire two Transaction Specialist.

- Responsibility #1: Work with Transaction Managers to research and analyze market comparables, and other market data to assist in lease negotiations.
- Responsibility #2: Assist the Transaction Managers in preparing requests and forms related to the lease or license process.
- Responsibility #3: Maintain and update various department databases.
- Responsibility #4: Assist in creating and distributing project status reports and other reports.
- Responsibility #5: Prepare the close-out files related to leases or licenses that are fully executed.
- Responsibility #6: Help Transaction Managers to organize meetings with internal staff, agencies and outside entities.
- Responsibility #7: Assist the Transaction Managers in drafting correspondence, term sheets and other basic leasing items.
- Responsibility #8: Participate in meetings to obtain information or provide updates to the attendees.
- Responsibility #9: Assist in the follow up to obtain “deliverables” for meetings such as the ARC meetings.
- Responsibility #10: Work on ad hoc Leasing Department initiatives and processes.
- Responsibility #11: Assist Transaction Managers or other staff to prepare for City Planning public testimony regarding the acquisition of real property on behalf of the City.
- Responsibility #12: Assist in the preparation and presentation of Acquisition Review committee (ARC) packages and its required documentation.
- Responsibility #13: May assist in overseeing College Aides
- Responsibility #14: Act as a Transaction Manager for assigned lease projects.
- Responsibility #15: Review estoppel and SNDA requests for accuracy.


Flexible Work Update:

This position may be eligible for remote work up to two days per week, pursuant to the Remote Work Pilot Program agreed to between the City and CWA1180.


To Apply:

Only individual who are currently serving permanently in the title of Administrative Manager or reachable on the Administrative Manager civil service list may apply.

Please go to www.nyc.gov/careers or www.nyc.gov/ess for current NYC employees and search for Job ID #697923.

NO PHONE CALLS, FAXES OR PERSONAL INQUIRIES PERMITTED.

NOTE: ONLY THOSE CANDIDATES UNDER CONSIDERATION WILL BE CONTACTED.

ADM MANAGER-NON-MGRL FRM M1/M2 - 1002C

Qualifications

1. A baccalaureate degree from an accredited college and four years of satisfactory, full-time progressively responsible clerical/administrative experience requiring independent decision-making concerning program management or planning, allocation for resources and the scheduling and assignment of work, 18 months of which must have been in an administrative, managerial, executive or supervisory capacity. The supervisory work must have been in the supervision of staff performing clerical/administrative work of more than moderate difficulty; or
2. An associate degree or 60 semester credits from an accredited college and five years of satisfactory, full-time progressively responsible experience as described in "1" above, 18 months of which must have been in an administrative, managerial, executive or supervisory capacity. The supervisory work must have been in the supervision of staff performing clerical/administrative work of more than moderate difficulty; or
3. A four-year high school diploma or its educational equivalent and six years of
satisfactory, full-time progressively responsible experience as described in "1"
above, 18 months of which must have been in an administrative, managerial,
executive or supervisory capacity. The supervisory work must have been in the
supervision of staff performing clerical/administrative work of more than
moderate difficulty; or
4. Education and/or experience equivalent to "1", "2" or "3" above. However, all
candidates must possess the 18 months of administrative, managerial, executive or supervisory experience as described in "1", "2" or "3" above. Education above
the high school level may be substituted for the general clerical/administrative
experience (but not for the administrative, managerial, executive or supervisory
experience described in "1", "2" or "3" above) at a rate of 30 semester credits
from an accredited college for 6 months of experience up to a maximum of 3½
years.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About Transaction Specialist, City of New York

As a Transaction Specialist at DCAS, based in the vibrant New York City, you'll dive into the thrilling world of real estate transactions that support the city’s government operations. Imagine being part of a team that facilitates major deals, ensuring that City agencies have the spaces they need to operate efficiently. In this role, you'll work alongside Transaction Managers, conducting market research and analyzing comparables to assist in critical lease negotiations. Your ability to juggle multiple responsibilities will be key; from maintaining department databases to preparing close-out files for fully executed leases, every task contributes toward improving New York City's infrastructure. You'll also lend a hand in creating status reports, coordinating meetings, and drafting essential correspondence, making your input vital in various projects. Your insights during internal discussions and public testimony preparation will enrich the decision-making processes, shaping the future of the city’s properties. Plus, with the potential for remote work up to two days a week, this position offers flexibility that suits your lifestyle. If you’re organized, detail-oriented, and passionate about supporting city initiatives, then this is the opportunity for you. Join us at DCAS, where your efforts have a direct impact on enhancing the livability of New York City for generations to come. Check out our website for more information!

Frequently Asked Questions (FAQs) for Transaction Specialist Role at City of New York
What are the main responsibilities of a Transaction Specialist at DCAS?

As a Transaction Specialist at DCAS, your key responsibilities include assisting Transaction Managers in lease negotiations by researching market comparables, preparing lease-related requests and forms, maintaining departmental databases, and helping organize various project-related meetings. Your role will also involve drafting correspondence and status reports, ensuring smooth communication and efficiency in transactions crucial to the city's operational needs.

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What qualifications do I need to apply for the Transaction Specialist position at DCAS?

To apply for the Transaction Specialist position at DCAS, you’ll need a baccalaureate degree along with four years of progressively responsible clerical or administrative experience, which must include at least 18 months in a supervisory role. Alternatively, an associate degree or a high school diploma with significant related experience qualifies you too. Importantly, you must possess relevant experience in decision-making concerning resource allocation and program management.

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Is remote work an option for Transaction Specialists at DCAS?

Yes, as a Transaction Specialist at DCAS, you may be eligible for remote work up to two days a week. This flexibility aligns with the Remote Work Pilot Program, giving you the opportunity to maintain a work-life balance while contributing to essential city operations from the comfort of your home sometimes.

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How does the work of a Transaction Specialist impact New York City?

The work of a Transaction Specialist at DCAS plays a crucial role in optimizing city operations by ensuring that various agencies have access to the necessary real estate. Your contributions help streamline leasing processes and secure optimal spaces that facilitate effective service delivery to the people of New York City, ultimately enhancing the city's functioning as a whole.

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What skills are essential for a Transaction Specialist at DCAS?

Key skills for a Transaction Specialist at DCAS include strong organizational capabilities, attention to detail, proficiency in market research, and excellent communication skills. You should be adept at handling multiple tasks efficiently and possess the ability to analyze data and prepare various reports, contributing to successful lease negotiations and operational support.

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Common Interview Questions for Transaction Specialist
Can you explain your understanding of lease negotiations?

When discussing your understanding of lease negotiations, highlight your knowledge of market trends and comparables. Mention the importance of balancing the needs of the City agency while negotiating favorable terms and ensuring compliance with policies. You can also showcase any relevant experience you've had in similar roles.

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How do you prioritize your tasks as a Transaction Specialist?

To effectively prioritize your tasks, you should discuss your method of assessing deadlines and the impact of each task on the overall leasing process. Mention techniques such as using task management tools or creating a priority list, and emphasize your ability to adapt to changing priorities in a dynamic work environment.

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What tools have you used for maintaining databases and generating reports?

In answering this question, specify any database management tools you've used, such as Excel, Access, or custom software platforms. Discuss how you utilize these tools to ensure data accuracy, organization, and reporting. Demonstrating familiarity with data management shows you can contribute to the role effectively.

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Can you provide an example of how you've successfully assisted in a real estate transaction?

Provide a specific example of a real estate transaction where your research or administrative support played a crucial role. Describe your contributions, such as gathering market data or drafting necessary documents, and detail how your efforts facilitated a positive outcome for the transaction.

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What methods do you use to collaborate with other team members?

Highlight your collaborative approach, mentioning tools for communication such as email, messaging apps, or project management platforms. Discuss how you ensure that everyone stays informed and how you actively participate in meetings, fostering an environment where team members can share feedback and ideas.

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Describe a challenging situation you faced and how you resolved it.

Choose a relevant challenge related to administrative or transactional work. Explain the situation clearly, focusing on the steps you took to address it, such as seeking additional information or collaborating with colleagues. Emphasize the skills you utilized, including problem-solving and effective communication.

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How do you ensure that you stay updated on industry standards and policies?

Discuss methods such as regular training, attending workshops, following relevant online resources, and networking with industry professionals. Show your commitment to continuous learning, as it demonstrates the enthusiasm and initiative that DCAS values in a Transaction Specialist.

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What do you believe is the most important aspect of customer service in this role?

When discussing customer service, emphasize the importance of understanding and addressing the needs of City agencies promptly and effectively. Highlight active listening, clear communication, and a positive attitude as vital components in delivering valuable service, ensuring that agency specifications are met efficiently.

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How would you handle multiple leasing requests coming in at the same time?

Emphasize the importance of organization and prioritization when faced with multiple leasing requests. Discuss focusing on deadlines and the complexity of each request while mentioning your ability to communicate effectively with your team to ensure smooth processing of all requests.

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Why do you want to work at DCAS as a Transaction Specialist?

In answering this question, express a genuine interest in contributing to the City of New York and its operations. Highlight your enthusiasm for supporting urban development, sustainability efforts, and enhancing city services through your work in real estate transactions, aligning your values with those of DCAS.

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Our Mission To work to eliminate ageism and ensure the dignity and quality-of-life of New York City’s diverse older adults, and for the support of their caregivers through service, advocacy, and education. Strategic Goals To foster independence...

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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
March 24, 2025

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