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Job Description
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Who is CoStar Group?
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We’ve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
Why CoStar?
Proven Success: 90%+ average customer renewal rate and consistent 10%+ year-over-year growth.
High Rewards: Competitive base salary with uncapped commissions, exceptional benefits, and exclusive incentives like our annual President’s Club retreat at a luxury destination for top performers.
Career Development: Comprehensive onboarding and training experience with a clear path for growth, where top performers enjoy long-term career advancement.
Innovative Tools: Access to industry-leading products that give you a competitive edge.
Role Overview
As a CoStar Regional Vice President (RVP) you will have the overall responsibility for continuing the momentum of rapid revenue growth of our West Coast region. You will lead a team of Regional Sales Directors and Sales Executives to achieve revenue growth goals, maintain renewal goals and expand revenue opportunities by growing the number of territories, further penetrating into the vertical markets and increasing cross-sales success. You will build and develop a high-performing sales organization and culture in your region.
To be successful, you will inspire and create excitement with the customer base and sales prospects, your sales teams, as well as across the entire organization and in the marketplace. You will be a tireless, high-energy professional with an entrepreneurial, risk-taking flair and will possess a brand of confidence, which allows for delegation and empowerment of your team. You must possess excellent interpersonal skills, the highest level of integrity and be able to inspire trust and confidence. Finally, you must have a level of business maturity, flexibility and intestinal fortitude to re-energize and instill a winning, “can-do” attitude within your organization.
This role will be based out of our Los Angeles, CA office.
Key Responsibilities
Drive sales goals of double-digit annually for your region.
Attract, develop and retain a strong team of Regional Directors and Sales Executives who can perform at or above CoStar’s stated goals, aggressively growing active users, achieving net new revenue goals.
Work directly with a team of Regional Directors to develop them into high-performing sales leaders and provide support and guidance to help them develop their teams and increase penetration in major markets.
Ensure that Regional Directors are hiring top-tier candidates, and training and developing their “A players.”
Identify and ensure training needs are met for your sales force, addressing employee skill gaps and performance issues as appropriate.
Develop and implement sales plans to achieve corporate goals and enforce performance goals accordingly.
Create and develop relationships with key customers to enhance retention and increase additional sales to those accounts.
Constantly seek, share and implement best practices in the sales function. Lead efforts to implement process controls and drive a mind-set of continuous improvement throughout your region sales organization.
Establish and maintain collaborative relationships with key stakeholders including business and functional partners and the senior management team.
Serve as an integral member of the senior sales leadership team assisting the executive team in the achievement of company goals.
Basic Qualifications
Bachelor’s degree from an accredited not-for-profit University or College required.
A track record of commitment to prior employers.
15+ years of experience in a sales leadership role, with 5+ years of managing managers and a direct sales organization of at least 50 employees.
10+ years of experience managing sales efforts in a highly transactional, fast-paced organization with a short cycle-time sales model.
Experience in managing outside sales teams in a B2B environment selling data, research, and analytic platforms or tools, commercial real estate, property technology, financial services, business intelligence, marketing, information providers, or related experience preferred. Client-facing experience in the commercial real estate industry is strongly preferred.
Candidates must possess a current and valid driver’s license.
Satisfactory completion of a Driving Record/Driving Abstract check prior to start.
Preferred Qualifications & Skills
Demonstrated ability to retain strong sales leaders, proven sales producers and performance manage non-producers.
Proven ability to work across all areas of an organization to influence stakeholders and constituents and lead the team to success.
Demonstrated track record of developing sales leaders.
Effective relationship builder internally (peers, teams, company-wide) and externally (sales channels, customers, etc.).
Ability to be flexible and adapt to changing situations at a high growth company.
What’s In It For You?
If you are a driven professional looking for a high-growth, high-reward career, CoStar Group offers the ideal opportunity. Be part of a best-in-class company with strong year-over-year growth that invests in your success. Enjoy a rewarding atmosphere where you can learn, excel, and grow.
When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.
Our benefits package includes (but is not limited to):
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life, legal, and supplementary insurance
Virtual and in person mental health counseling services for individuals and family
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
On-site fitness center and/or reimbursed fitness center membership costs (location dependent)
Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups
Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing.
Pay Transparency
This position offers a base salary range of $180,000 - $225,000, based on relevant skills and experience, an uncapped/generous commission plan and generous benefits.
Sponsorship
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing