Director of Revenue
2 days ago
For nearly 90 years, Maxx Properties has built a legacy on trust, integrity and dedication. We take pride in the strong relationships we've cultivated with both our residents and our team members throughout the country. We are owners and operators of over 35 apartment communities in seven states with a focus on long-term asset investments. We are excited to share that we are hiring a Director of Revenue and Performance to join our team in Denver. This position will be based in our Denver Corporate Office.
Job Summary:
The Director of Revenue and Performance in property management is responsible for optimizing revenue and profit margins across various properties. This role involves strategic planning, operational oversight, and financial management to enhance property value and customer satisfaction. The Director of Revenue Management is responsible for analysis of portfolio operational and financial performance, including planning, developing and implementing the property revenue management practices which will result in the maximization of profitable revenues realized by each community. The Director of Revenue Management & Performance contributes to the success of the organization by assisting in all aspects of Revenue Management for our multifamily properties. This key person will work closely with Property Management to analyze price positioning in local markets and comparison sets, develop and implement pricing and inventory strategies, and track our revenue success.
Principal Tasks:
- Revenue Strategy Development: Creating and implementing pricing and lease term optimization initiatives to maximize revenue and minimize vacancies.
- Market & Competitive Analysis: Conducting research on local market conditions, competitor pricing, and demand drivers to inform pricing decisions. Identifying and capitalizing on additional ancillary income opportunities. Monitor macroeconomic and microeconomic factors (e.g., employment, migration, interest rates, consumer confidence) and interpret their implications for multifamily pricing and occupancy.
- Revenue Optimization Software: Utilizing industry-leading platforms to forecast demand, analyze trends, and adjust pricing dynamically.
- Performance Monitoring & Reporting: Tracking and analyzing portfolio performance, occupancy trends, and financial KPIs for data-driven decision-making.
- Budgeting & Forecasting: Developing annual revenue budgets and rental income forecasts in collaboration with financial planning & analysis. Benchmark performance across assets and markets, identify leading/lagging indicators, build playbooks for best practices and serve as internal thought-partner for revenue discipline.
- Stakeholder Communication: Presenting revenue insights and pricing strategies to senior leadership and key stakeholders.
- Cross Departmental Collaboration: Partnering with marketing, leasing, and operations teams to align pricing strategies with broader business objectives. Establish weekly pricing calls with each property to determine pricing strategy and make adjustments to market and property conditions. Provide input to the Investment team regarding rents for new projects in current markets. Standardize processes, analytics frameworks, reporting cadence, key performance indicators (KPIs) and tools as the revenue-function scales; ensure consistency, transparency and continuous improvement.
- Team Leadership & Development: Providing guidance and training to property management teams to ensure effective execution of pricing strategies.
- Project management skills.
- Excellent communication skills with the ability to effectively interact with all levels of employees.
- Strong analytical skills including financial analysis, statistical analysis and business case development
- Independent, proactive and curious mindset-comfortable defining strategy, driving execution, and operating in a fast-paced environment.
- Efficient problem solving skills including the ability to see big picture concepts
- Successfully pass our background screening
- Bachelor's Degree in Math, Statistics, Finance or other related field preferred
- 5 years minimum experience with revenue management.
- 5 years minimum experience within the multi-housing industry.
- Experience with REBA, Yieldstar, LRO, Rent Maximizer, or any other pricing software.
- Experience with Yardi strongly preferred.
- 17 days of PTO in your first year (accrued), with an additional day added each year thereafter
- 7 days of Sick & Safe time (accrual-based, with 100% carryover)
- Comprehensive benefits- medical, dental, vision, HSA, FSA, pet insurance, legal assistance, EAP, and more
- Annual employer contribution towards medical and dental
- Rental discounts - available on your first day at any MAXX Property
- Tuition reimbursement - up to $2,500/year for work-related courses
- Children's education/activities reimbursement- up to $750/year
- Collegiate scholarships too
- $500 employee referral bonus
Maxx Properties is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability. Equal Employment Opportunity is the law.
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