General Manager, Northeast
CoreSite, LLC - Secaucus, NJ
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DutiesWith the senior management team, develop and execute CoreSite's strategic direction for its (1) portfolio expansion, (2) inventory expansion at existing locations, (3) product expansion and refinement, and (4) operational approach within existing marketsAchieve CoreSite targets for gross revenue, NOI, EBITDA, FFO, AFFO at property levelManage $800M of active capital investments across the New York and Boston markets, achieving company yield targets across varying market conditionsMaximize in place ROIC by managing available capacity and individual deal densities to ensure oversubscription opportunitiesDevelop and implement ecosystem enriching GTM plan, focused on a perpetually differentiated offeringMaintain deep understanding of market supply/demand dynamics, pricing, and competitive positioningIn conjunction with Sales and Finance, develop and implement annual pricing targets for each asset in the marketsReview and approve all Sales transactions in the markets, balancing market conditions, asset differentiation and economic environmentDevelop and maintain regional broker and partner relationships, leveraging them to our advantageMaintain and strengthen working relationships with landlord(s) to ensure operational and financial integrity at the assetAct as the senior market leader, aligning field departments (DCO, Sales, PM, Legal, SE) around market objectives and driving a service-centric cultureServe as the executive face to the customer in the market, making real-time decisions that balance customer support and care with asset financial goals, driving long term successRecruit, manage, develop, and motivate market Sales Engineer(s) to deliver technical solutions that are aligned with asset and market goalsWork cross-functionally with Sales, Data Center Operations, Product, Engineering, Construction, HR, Legal and the Project Management team to maximize the returns on in place capital and drive AFFO growthLead, train, and support teams across all sites in cross functional behaviorArbitrate elevated customer or interdepartmental disagreementsPromote and demonstrate the behaviors consistent with CoreSite's culture and valuesSpecial projects as assignedKnowledge, Skills & Abilities:Demonstrated ability to build and manage CoreSite's business from acquisition or initial development to long term profitability in multiple markets under multiple market and general economic conditionsComplete understanding of CoreSite inventory: configuration, efficiencies and economic performance under multiple market and general economic conditionsStrong with P&L, financial models, margin analyses, and analytical tools to assess profitability of customer opportunities; strong ability to communicate in data-driven format with senior leadershipNegotiation and sales skill to effectively sell to senior leaders of customer companiesAbility to represent past and future performance of CoreSite assets at portfolio and asset level in financial documents focusing on predetermined metricsBuild ad hoc teams to accomplish business tasks essential to CoreSite profitability. Tasks include underwriting, acquisitions, development, project management, marketing, sales, facility operations, raised floor operations, reporting and presentations.Manage OpEx and CapExDetermine the budget and schedule to create inventory that positions CoreSite to best advantage in a given marketNegotiate with local regulatory agenciesWillingness and ability to travel up to 40«ility to thrive in a hybrid work environment (2-3 days in the office per week) and adjust schedule for the needs of a 24/7/365 organizationIn leased locations, represent CoreSite interests to the OwnerProblem resolution skills and decision making ability to properly manage competing objectivesManage relationships with tenant and listing brokers, sources of capital, customers, potential customers, and service or construction contractorsExcellent public-speaking, presentation, and negotiation skills to address employees, customers, and stakeholdersExperience/Education:15 years' experience and record of success following and leading within complex, mission-oriented, and for profit organizations10 years' experience in real estate, data center, telecommunications, or related fieldsExperience in commercial real estate negotiationsUndergraduate degree in business, finance, or economics preferred or equivalent experience.Physical Demands:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to handle, or feel objects; reach with hands and arms; climb stairs; balance; stoop or kneel; talk and hear. The employee must occasionally lift and/or move up to 25 pensation:Compensation for this role includes a base salary between $$150,000 and 190,000 annually. This role is also eligible for an annual bonus and equity, based upon individual and company performance.Not only does CoreSite have a fun, team-focused work environment, but we also offer great benefits to all employees regularly scheduled to work more than 20 hours a weekFirst-day medical insurance through Cigna with generous premium cost coverageDental insurance through Delta DentalVision insurance through VSPTelemedicine through MDLive for CignaHealthcare and dependent care flexible spending account (FSA) plansHealth saving account (HSA) plans for...Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
Created: 2024-09-23