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Pricing Analyst

3 months ago

Chicago, United States Equity Residential Full time

Working for Equity Residential means being part of a community – employees and residents – striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we live and work. We've got the best people in the business, and our experience shows in our dedication to our residents and in how much we value each other as colleagues.


We are currently seeking a creative, organized, and analytical Pricing Analyst to join the Pricing team in our Chicago office (preferred). Under the supervision of the VP Revenue & Business Intelligence, you will be responsible for maximizing revenue for new lease, renewal, and other income streams via the effective use of LRO, MRI or any other approved pricing or property management systems. This position builds and fosters cross collaborative relationships with the Property Management, Investments, Marketing, and Sales teams in order to develop strategies, programs, and systems for revenue generation.


WHO YOU ARE:

  • Organized, Flexible, and Adaptable. You have a keen eye for detail and pride yourself on delivering quality work. You multitask well, re-prioritize accordingly, and meet deadlines consistently. You keep your cool during stressful situations, remain resilient, and quickly find solutions in order to meet the changing needs and priorities of the business.
  • A Collaborator and Trusted Team Player. You enjoy partnering with others —whether internal or external— and build constructive working relationships that foster cooperation in order to get work done and deliver great results. You are united with teammates and follow through on commitments.
  • Creative. You like thinking outside the box to come up with smart solutions to new challenges, and you embrace the opportunity to live in the gray.
  • A Strong Communicator. Your writing and speaking skills are clear and effective, helping you connect well with others. Through your past experience, you’ve also built skills that help you effectively persuade and gain the support of others.
  • Motivated. You invest extra energy to reach your goals.
  • Energetic and Positive. You are an outgoing, gregarious brand ambassador who motivates and excites others to elevate their performance.
  • Analytical Thinker. You possess strong analytical skills with the ability to produce and analyze financial and property data.


WHAT YOU’LL DO:

  • Work collaboratively across many departments and functions to execute a strategic plan that maximizes value and enhances returns for every asset within the portfolio.
  • Partner with the Director of Revenue Management to develop long and short-term pricing and revenue management strategies to maximize revenue opportunities.
  • Oversee pricing and revenue management for all assigned properties.
  • Leverages multifamily revenue optimization software to execute new and renewal lease pricing.
  • Communicates and coordinates with the VP of Revenue Management, Director of Revenue Management, Regional Managers and staff, and VP’s of Property Management to understand trends and needs.
  • Ensures accurate competitive pricing inputs to pricing model and analyzes competitive pricing strategies to formulate an appropriate competitive response.
  • Manages pricing system upgrades to revenue team and properties as necessary.
  • Participates in pricing report design and user acceptance testing process associated with the development of new enhancements to the property management and pricing system.
  • Travels, as necessary to understand pricing, teach pricing at properties and regions, and to review competitive practices.

REQUIREMENTS

  • Bachelor’s degree in Finance, Economics, Marketing, or related field required.
  • 0-3 years experience in pricing, revenue management, analytical marketing, or finance.
  • Understanding of revenue and pricing management concepts. Strong business judgment.
  • Strong analytical skills with the ability to evaluate financial and property data.
  • Excellent communication skills, including written, verbal and presentation skills, as well as the ability to plan, organize, be responsive to inquiries, and work independently as well as in teams.
  • Strong organizational skills and a keen eye for detail.
  • Must be comfortable working autonomously and multi-tasking in a fast paced environment with changing deadlines.
  • Proficiency with Microsoft Excel and Google Applications.