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Transaction Specialist - job 3 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.

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

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.

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

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$80000K

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

Join us at DCAS as a Transaction Specialist, where your skills can make a meaningful impact on New York City's operations! In this role, you will support essential lease negotiations and help facilitate the City’s real estate endeavors. Working side by side with Transaction Managers, you will engage in researching market data, ensuring the City's needs are met in each lease agreement while conforming to the specific policies and procedures. You'll be responsible for various tasks, including preparing requests related to leases, maintaining databases, and assisting in project status reporting. Engaging in meetings with internal staff and external entities will be key, as you'll facilitate communication and gather crucial information. This opportunity isn't just about the paperwork; it's about contributing to the efficient functioning of local government and making the City of New York a better place for its residents. To thrive in this role, you'll need solid administrative experience, critical thinking, and attention to detail. If you’re looking to grow your career in real estate and improve city operations, we’d love to hear from you. Be a part of our commitment to equity and sustainability and help shape the future of our great city. Learn more about us at nyc.gov/dcas.

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

As a Transaction Specialist at DCAS, your main responsibilities include collaborating with Transaction Managers on lease negotiations, analyzing market data, maintaining department databases, preparing project reports, and assisting in drafting essential leasing documentation. You will also be involved in organizing meetings and presenting findings to ensure the successful execution of leasing agreements.

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What qualifications are required to apply for the Transaction Specialist position at DCAS?

To be eligible for the Transaction Specialist role at DCAS, candidates must have a baccalaureate degree from an accredited college and four years of relevant administrative experience, which includes 18 months in a managerial or supervisory capacity. Alternatively, applicants with an associate degree or significant experience in related fields may also be considered.

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How does the Transaction Specialist role contribute to the efficiency of city operations?

The Transaction Specialist plays a crucial role in streamlining the City’s leasing processes, ensuring that City agencies secure the necessary operational space. By handling administrative tasks, data management, and negotiations, you help optimize resource use, allowing agencies to focus on delivering services effectively to residents of New York City.

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What skills are important for a Transaction Specialist at DCAS?

Key skills for a Transaction Specialist at DCAS include strong organizational abilities, excellent communication skills, attention to detail, and proficiency in market analysis. Additionally, the ability to manage multiple tasks and collaborate with various stakeholders is essential for success in this role.

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Is remote work an option for the Transaction Specialist position at DCAS?

Yes! The Transaction Specialist position at DCAS may be eligible for remote work up to two days a week, aligned with the City’s Remote Work Pilot Program. This flexibility supports a healthy work-life balance while contributing to city operations.

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Common Interview Questions for Transaction Specialist
What experience do you have that qualifies you for the Transaction Specialist position?

In answering this question, highlight your administrative and managerial experience, especially in real estate transactions or similar roles. Discuss specific projects you've worked on and any successful outcomes that illustrate your capacity to handle lease negotiations and market analysis effectively.

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How do you approach researching market comparables?

Emphasize your analytical skills by explaining your process for gathering market data, which could involve using various online tools, databases, and networking to ensure comprehensive research. It's essential to convey your attention to detail and methodology in making informed recommendations based on the data.

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Can you describe a time when you successfully managed a project under tight deadlines?

Provide an example where you managed a complex task within a limited timeframe, detailing the steps you took to prioritize tasks, delegate responsibilities, and ensure all deadlines were met. Highlight how your organizational skills facilitated successful project completion.

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How do you ensure effective communication with various stakeholders?

Share your strategies for maintaining clear communication, including regular updates, organized meetings, and follow-ups. Discuss how you adapt your communication style based on the audience's needs and the specific context of discussions around leases and transactions.

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What methods do you use to maintain and organize database records?

Discuss your technical skills and familiarity with database management software, as well as your commitment to keeping records up-to-date. Mention practices you implement for data accuracy, such as regular audits and systematic filing.

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How would you respond to a request for changes to a lease agreement?

Explain your approach to review the request meticulously and consult with relevant stakeholders to assess the implications. Outline how you would communicate any necessary modifications while ensuring compliance with the City’s policies.

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What do you consider when preparing project status reports?

Detail the elements you think are critical for inclusion in project status reports, such as milestones, challenges faced, and progress made. Emphasize your ability to present information clearly and concisely to ensure understanding among all parties involved.

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Can you give an example of how you assisted a supervisor in meeting a critical deadline?

Illustrate your collaborative skills by providing a specific instance where your assistance led to completing a project efficiently. Discuss what tasks you took on to relieve some workload and how that contributed to meeting the deadline.

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How familiar are you with the leasing processes of City agencies?

Indicate your awareness of the leasing processes, legislative frameworks, and relevant regulations that guide how City agencies conduct lease negotiations. If applicable, share any experience you have directly within government frameworks.

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

Articulate your passion for public service and how working at DCAS aligns with your career goals. Convey your enthusiasm for contributing to the city's growth and improving the functionality of its services.

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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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DATE POSTED
March 20, 2025

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