Divisional Vice President (SVP)

Public StorageJersey City, NJ
3h$175,000Onsite

About The Position

The Divisional Vice President (DVP) is a high-stakes executive role responsible for the total business performance of Public Storage’s Northeast Division. As an SVP-level leader, you will own the P&L and strategic roadmap for a large multi-state territory spanning from Washington D.C. to Boston and surrounding areas. This role requires an elite operator who possesses the "field DNA" to understand granular store-level dynamics but maintains the "investor mindset" necessary to drive long-term asset value, market share, and technological transformation. You will lead a large organization through multiple layers of management (Regional and District), serving as the primary bridge between corporate vision and field execution. Location: Candidate must reside in the Division, with ideal home office location in or around Jersey City, NJ, New York City (area), Silver Spring, MD, Springfield, VA, Boston, MA or Baltimore, MD

Requirements

  • Experience: 15+ years of progressive executive leadership in high-volume, multi-unit consumer businesses (REITs, Big-Box Retail, Hospitality, or Logistics).
  • Proven Scale: Track record of managing a $500M+ P&L and a multi-layered workforce of 500+ employees.
  • Educational Background: MBA or equivalent business degree is highly preferred.
  • Change Management: Demonstrated expertise in leading large-scale technological or operational shifts within a legacy organization.
  • Mobility: Must be located in the market, with ability to travel extensively throughout the D.C.-to-Boston corridor and relocate as needed for future role growth. Relocation is available.

Responsibilities

  • P&L Ownership & Strategic Growth
  • Multi-Layered Leadership & Human Capital
  • Digital & Operational Transformation
  • Full accountability for the financial health of the Northeast Division, driving Net Operating Income (NOI) through sophisticated revenue management, expense control, and capital expenditure prioritization.
  • Partner with the Real Estate and Acquisitions teams to identify and execute on high-barrier-to-entry growth opportunities, including new developments and portfolio acquisitions in dense urban markets.
  • Lead a multi-layered organization of Regional and District Managers, focusing on executive coaching and building a robust internal talent pipeline for future C-suite roles.
  • Champion and oversee the divisional rollout of Public Storage’s digitization roadmap, ensuring high adoption of eRental and automated customer platforms to improve operational leverage.
  • Act as the primary field liaison for corporate departments (Marketing, HR, Pricing, and Asset Management) to refine corporate strategies based on regional market nuances and logistical challenges.
  • Standardize and enforce best-in-class operational protocols across a massive, geographically dispersed portfolio to ensure brand consistency and "remarkable" customer experiences.
  • Lead localized human capital strategies to navigate the competitive hiring landscapes of both major metros and rural markets.
  • Maintain a pulse on the Northeast real estate and storage landscape, anticipating competitor moves and macroeconomic shifts to protect and grow market share.
  • Lead the organization through large-scale shifts in business models or technology, serving as the cultural anchor and primary communicator of "the why" behind the "what."
  • Translate complex field data and regional performance metrics into clear, high-level strategic insights for the COO and the Board of Directors.

Benefits

  • Competitive SVP-level package inclusive of a base salary, annual performance bonuses, and significant Restricted Stock Units (RSUs).
  • Participation in the company stock program with quarterly dividend payouts, aligning your success directly with the company’s enterprise value.
  • Comprehensive healthcare, 401(k) with match, and a Monday-Friday executive schedule (with essential weekend field presence as required by the business).
  • Relocation assistance is available for highly qualified out-of-area candidates.
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