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Transaction Specialist - job 1 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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$80000K

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

Join the team at the Department of Citywide Administrative Services (DCAS) as a Transaction Specialist and play a vital role in supporting the operational needs of New York City's government! Based in the heart of New York City, you will work closely with Transaction Managers to analyze market data and assist with lease negotiations for various City-owned real estate. This position is an amazing opportunity to contribute to a team that ensures municipal agencies can effectively serve the residents of NYC. As a Transaction Specialist, your responsibilities will include researching market comparables, preparing essential documentation related to lease processes, and maintaining accurate department databases. You'll also have the chance to organize meetings with stakeholders, draft important correspondence, and prepare project status reports that will make a difference in the City’s operations. Plus, with the flexibility of remote work up to two days a week, you get the perfect blend of collaboration and independence. Bring your keen attention to detail and organizational skills to help navigate the complexities of real estate transactions and make your mark on the future of NYC. If you're ready to take on these exciting challenges and support the great work being done by DCAS, we want to hear from you! Apply today and be part of a mission that touches every corner of the City and ensures its long-term sustainability.

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, you'll take on key responsibilities such as researching market data to assist in lease negotiations, preparing necessary documentation related to leases and licenses, and maintaining various department databases. Your support in organizing meetings and preparing project status reports is vital to the success of the leasing process.

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

To apply for the Transaction Specialist position at DCAS, candidates must possess a baccalaureate degree and four years of progressive clerical or administrative experience, including supervisory experience. Alternatively, an associate degree or relevant credits combined with additional work experience can also be considered.

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

Yes, the Transaction Specialist role at DCAS may offer the opportunity for remote work up to two days per week as part of the Remote Work Pilot Program, promoting a healthy work-life balance while ensuring productivity and team collaboration.

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How does the work of a Transaction Specialist contribute to the city's operations?

The work of a Transaction Specialist directly supports the operational functions of NYC’s government by facilitating effective lease negotiations, ensuring City agencies have the necessary spaces to operate. This support is crucial for delivering quality services to residents and maintaining the City’s real estate assets.

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What is the typical career path for a Transaction Specialist at DCAS?

A typical career path for a Transaction Specialist at DCAS may involve gaining further expertise in real estate transactions, leading to potential advancement opportunities within the department, such as becoming a Transaction Manager or specializing in other areas of public administration or real estate management.

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Common Interview Questions for Transaction Specialist
Can you explain a time when you supported lease negotiations in a previous position?

When answering this question, focus on your role, the steps taken during negotiations, and the outcomes achieved. Be sure to highlight your analytical skills and ability to collaborate with team members, as these are crucial for a Transaction Specialist at DCAS.

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How do you prioritize tasks when you have multiple deadlines to meet?

To effectively answer this question, describe your approach to task prioritization, such as utilizing tools like lists or project management software. Emphasize your ability to remain organized and adaptable in a fast-paced environment, which is essential for a Transaction Specialist.

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What experience do you have in maintaining databases or managing documentation?

Share your past experiences related to database management and handling documentation. Highlight specific software used and the processes you implemented to ensure accuracy and efficiency, which are vital skills for the Transaction Specialist role at DCAS.

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Describe a time when you had to work with diverse stakeholders to achieve a common goal?

Use this opportunity to illustrate your interpersonal skills. Share a specific example of how you facilitated communication and collaboration among various stakeholders, ensuring that everyone was aligned with the project goals—a key aspect for a Transaction Specialist at DCAS.

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What methods do you use to analyze market data for lease negotiations?

In your response, detail the tools and techniques you use for market analysis, such as conducting comparative market analyses or leveraging real estate databases. This demonstrates your analytical capabilities essential for the Transaction Specialist role.

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How do you ensure compliance with policies and procedures during the leasing process?

Discuss your understanding of the importance of compliance and how you stay informed about city policies. Share examples where you implemented checks to ensure that all procedures were followed, underscoring your attention to detail as a Transaction Specialist at DCAS.

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What strategies would you use to effectively manage negotiation tensions?

Describe your conflict resolution strategies, such as active listening and seeking win-win solutions. Emphasize your ability to remain calm and collected, important traits for a Transaction Specialist negotiating on behalf of the city.

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Can you give an example of how you've used data to make informed decisions?

Provide a specific instance where data analysis influenced your decision-making. Explain how you interpreted the data and the resulting decisions you made, showcasing your analytical prowess relevant to the Transaction Specialist position.

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How do you handle unexpected challenges in a project?

Discuss your problem-solving skills and how you approach unforeseen challenges with a positive attitude. Share a specific example where you successfully navigated a challenge in a previous role, demonstrating your resilience as a Transaction Specialist.

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What interests you most about working at DCAS as a Transaction Specialist?

Express your enthusiasm for contributing to public service and the opportunity to impact New York City's operations. Discuss how the mission of DCAS aligns with your personal and professional values, making you a motivated candidate for the Transaction Specialist position.

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