Vice President, Real Estate Finance

  • Full-time

Company Description

Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords.

We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion.

We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Public Storage is the nation’s leading self-storage provider, recognized for its iconic orange doors and commitment to delivering simple, reliable solutions to millions of customers across the country. We are expanding our creative team to enhance our consistent and engaging visual brand presence.

Job Description

Reporting to the Executive Vice President, Finance and working closely with senior leadership at Public Storage, the Vice President, Real Estate Finance will support deployment of capital on behalf of the company for maximum risk adjusted returns. The position will support the Senior Vice President of Acquisitions in the identification, underwriting, and approval of new acquisitions of self-storage facilities throughout the U.S. as well as the Senior Vice President of Development, providing finance focused, objective, data driven support for land acquisition, new development and redevelopment projects.

 

The Vice President, Real Estate Finance will focus on financial underwriting, financial planning, business analytics, and resource optimization. They will also work to improve efficiencies and business effectiveness, developing and implementing financial and operational tools in order to drive technology driven innovation.

 

The Vice President, Real Estate Finance will have broad influence at Public Storage, including in finance, real estate, and with senior management. The successful candidate will also participate in routine business review meetings with Public Storage’s Chief Executive Officer and Chief Financial Officer/Chief Investment Officer.

 

RESPONSIBILITIES

 

The Vice President, Real Estate Finance will lead the finance and analytics team, responsible for all investment analysis for the real estate acquisition, development, redevelopment, and construction business units. The successful candidate will provide leadership and primary analytical support for all capital investment decisions as well as the retroactive review of investment performance versus underwritten benchmarks.

 

Responsibilities include:

 

  • Lead pro forma financial modeling for prospective investment in new projects, including new project acquisition, development, redevelopment, and major capital expenditures.
  • Make strategic recommendations regarding capital allocation across the universe of investment opportunities available to the company.
  • Forecast the impact of investments on the company’s balance sheet and future operating results.
  • Actively participate in judgment areas and vetting of underlying investment assumptions.
  • Regularly assess and improve existing analytical methods.
  • Leverage technology to drive consistent incremental improvement in finance deliverables.
  • Manage and mentor more than 15 professionals, including the Director of Finance, Real Estate and the Senior Director, Accounting & Finance.
  • Oversee accounting activities related to transaction execution and investment, development and redevelopment.

Qualifications

  • At least 10 years of real estate investment experience within an accounting, finance or investments team.
  • Proven success in a leadership role, including managing and mentoring a team, and a demonstrated passion for real estate.
  • Strong, critical thinking and strategy skills.
  • Demonstrated ability using analysis in a problem-solving manner and enhancing existing analytical methods with strong financial modeling skills.
  • An ability to make recommendations, gain buy-in and lead projects to improve the processes and efficiencies of a team.
  • Experience underwriting a high volume of transactions.
  • Involvement in an Investment Committee process; ideally, experience presenting to an Investment Committee.
  • Experience leveraging technology to drive process improvement and standardization.
  • Energetic and cooperative in nature and able to work cross-functionally.
  • High integrity, honest and transparent.
  • Strong written and oral communication skills and an ability to adapt to and influence different audiences, from direct reports to executive team members.
  • Strong work ethic and an ability to support multiple projects and competing, time-sensitive deadlines.
  • Advanced knowledge of Excel and other financial tools; analytical technology skills are a plus (e.g., Tableau, SQL, Python, R).
  • Bachelor’s and/or master’s degree in Accounting, Economics, Finance, or Real Estate is preferred.

 

 

Additional Information

Workplace

  • One of our values pillars is to work as OneTeam and we believe that there is no replacement for in-person collaboration but understand the value of some flexibility. Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month. 

Public Storage is an equal opportunity employer and embraces diversity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status. All qualified candidates are encouraged to apply.

**Sponsorship for Work Authorization is not available for this posting.  Candidates must be authorized to work in the U.S. without restrictions or requiring sponsorship now or in the future. We do not provide training plans or support for F-1 OPT, STEM OPT extensions, or future visa sponsorship.**

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