Location: Newark, NJ
Company: Pseg
onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy
technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary Responsible for the development, executive communication and execution of portfolio management of the PSEG investment portoflio. Including execution of the highest and best use portfolio strategy and key 3rd party transactions. This position is expected to develop and maintain key external relationships, and work closely with all CRE sub-functions and the lines of business. This position will be interfacing with the Real Estate Steering Committee, and other executives (Presidents,
Vice Presidents, Directors) to develop, communicate, and execute strategic plans and portfolio management of the PSEG invesment portfolio.
This position will also be the lead transacton on special strategic real estate transactions that support the corporate real estate departments portfolio optimization goals. These transaction will also include program management of the business units requirements in order to execute the special strategic transactions. Requires demonstrated experience driving results in a matrix environment, established external network, demonstrated negotiating experience, and expert knowledge of NJ real estate market rules and regulations.
Job Responsibilities Responsible for overseeing Real Estate Investments function: Partner with legal, and state governmental affairs, external stakeholders to execute key 3rd party transactions, as well as highest and best use portfolio strategy and asset optimization Oversee the execution of real estate special projects including large real estate transactions and identifying immediate focus areas by working with the lines of business Manage the real estate investment portfolio and develop a business case for real estate decisions Managment of portfolio includes not just portfolio management but property management in many cases.
Contracted property managers need direction and approval through PSEG Enterprise controls and this position is the main point of contact for policy and procedures, contract question, delegation of authority and approvals. Responsible for the development, execution and performance of a ‘highest and best use’ CRE strategic plan, ensuring maximum partnering with senior leaders and key external real estate network, in the businesses and alignment to broader PSEG business objectives and corporate values: Develop, execute and communicate the strategic planning process for the corporate real estate function based on ‘highest and best use’ portfolio strategy.
Responsible for the design, development and implementation of standardized strategic planning processes based on revenue opportunities, client needs, workforce demographics and operating cost structure, in compliance with laws and regulations. Responsible for managing the real estate portfolio and through the execution of the annual and five-year real estate strategic plan, including all approvals, updates and execution performance. Responsible for developing post business case analysis to determine project performance relative to planned goals/milestones.
Responsible for the development and implementation of standardized strategic planning processes, techniques and tools to foster consistency over time and across projects. Responsible for the development and execution of the incremental revenue strategy to achieve business plan and corporate real estate centralization commitments. Responsible for strategy development, business case analysis and recommendation development, negotiation and execution on key 3rd party real estate transactions. Develop and manage short-term and long-term business and strategic plans, support immediate focus area and large real estate projects through the development of business cases, and proposals for strategic real estate alliances across business lines, general opportunities, partnerships, etc.
Enable strategic, intelligent, forward looking decisions around the portfolio and workplace strategy through the integration of leading practices, development of business recommendations and analysis and coordination with the lines of business, transactions, surveying & mapping and facilities management teams. Collaborate with the lines of business to develop pre-commitment proposals for strategic projects, business cases and gain agreement with the business to fund and implement CRE plans.
Establish and maintain policies, processes, tools, and templates to standardize the real estate function and facilitate consistent and efficient delivery capabilities and results; including compliance with SOX requirements, day-to-day department operations and developing / communicating the strategic plan. Job Specific Qualifications Required Bachelor’s Degree in Finance, Economics, Engineering or relevant discipline Varied leadership and managerial experience of direct and indirect resources; minimum of 5 years acting in a management capacity Minimum of 10 years of experience in real estate management, strategic planning or facilities management Established external network in the NJ real estate market, to support execution of key 3rd party strategic transactions, regulatory approvals, and to leverage best practices to support solid strategic plan development and execution Knowledge of real estate market rules and regulations, contract development and process knowledge to support deal execution and closure Strong negotiation skills, demonstrated experience negotiating real estate transactions Ability to think creatively and evidence of success in developing brands and delivering them to market Proven ability to define problems, collect data, establish facts, and draw valid conclusions, in prioritizing work in a multi-task environment Proven ability to work and manage in a collaborative environment with multi-disciplines, and to drive results in a matrix environment Resourceful, well organized, highly dependable, efficient and detail oriented Proficient personal computer skills, including Microsoft Office, Power Point, Excel, Outlook Excellent interpersonal, written, and oral communication and presentation skills Experience with real estate management systems and/or integrated technology solutions (i.
e. IWMS) Experience with real estate valuation (specifically in various NJ and NY geographies) and market comparable approaches Must posess a valid US driver's license Desired Masters / advanced degree in Business, Economics, Engineering or relevant field Continuing education and certification in real estate and facility management Industry related designation preferred (i. e. MCR, CCIM or PMP designation) Utilities working experience preferred Preferably TRIRIGA Experience in regards to real estate management systems and/or integrated technology solutions Experience with easement and right of way transactions Possess a high-level understanding of surveying & mapping activities and responsibilities Formal understanding of NJ and NY real estate practices – commercial, industrial, and residential Minimum Years of Experience 10 years of experience Education Bachelors Certifications None Noted Disclaimer Certain positions at the Company may require you to have access to Part 810-Controlled Information.
Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, interaction, age, marital status, interactionual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals. As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. All drug and alcohol testing for federally regulated roles is inclusive of marijuana. Employees who transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. PSEG employees must apply for jobs internally through em Power which can be accessed through sharepoint.
by clicking on the em Power icon, then selecting careers. This site ( PSEG Careers and Job Openings ) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses. PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-xyz X or email xyz X@. If you need to request a reasonable accommodation to perform the essential functions of the job, email xyz X@.
Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision. ADDITIONAL EEO/AA INFORMATION (Click link below) Know your Rights: Workplace Discrimination is Illegal Pay Transparency Nondiscrimination Provision
Management & Executive Jobs refer to positions within an organization that involve overseeing operations, making strategic decisions, and leading teams or entire companies towards their objectives. These roles typically require a mix of leadership skills, industry experience, and strategic thinking. Executives and managers are often responsible for setting goals, organizing resources, managing personnel, and ensuring that their department or organization meets performance targets. Distinctive characteristics of these jobs include high responsibility, decision-making authority, and frequently, a corresponding higher level of compensation reflecting their critical role in an organization's success.
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