Manager Revenue Management
3 weeks ago
Based in our Arlington, VA HQ office, the Pricing and Revenue Manager will assist in establishing and implementing pricing, revenue optimization, marketing and leasing strategies based on market conditions and revenue targets for a portfolio of apartment communities. This role is responsible for establishing a strong understanding of local markets, monitoring competitive conditions, and analyzing apartment supply and demand.
Optimize revenue generation through full utilization of company systems and business processes for a portfolio of multi-family apartment communities. Assists in establishing and implementing pricing, revenue optimization, marketing, and leasing strategies based on market conditions and revenue targets.
Lead pricing and revenue management review calls for regional portfolios and provides analytical support to Operations Managers, Directors, and Vice Presidents.
Analyze occupancy, exposure, expirations, leads, visits, net leases, and seasonal market trends.
Determine methods for maximizing revenue from existing resident renewal rent changes.
Monitor competitor pricing and strategies, maintain an understanding of local markets and demand conditions, and conduct ongoing rent and product analyses to ensure appropriate positioning relative to competition.
Assist with ongoing quality assurance activities, which include auditing configuration for parameters, rental rates, and amenities.
Assist with implementing new revenue management programs at existing and new communities.
Required:
Bachelors degree in Business Administration, Hotel/Hospitality Management, Finance, Accounting, Operations Management, or a related field required plus 2+ years of experience in Revenue Management or Pricing OR equivalent 5+ years of experience in Revenue Management or Pricing
3+ years of experience in one or a combination of the following industries: Multi-Family, Self-Storage, Hotel, Car Rental, Airlines or equivalent industry
Yield/Revenue management software (LRO, Yieldstar, AI RM preferred), property management software (MRI preferred) and Microsoft Office required
Exhibit strong analytical and problem-solving skills, as well as excellent project/program management skills
by Jobble
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