Revenue Manager
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Job Location:
San Antonio, TX - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
REVENUE MANAGER
SUMMARY
The Revenue Manager will play a crucial role in developing analyzing and communicating pricing strategies to maximize revenue across our multifamily portfolio. This position requires a highly analytical and experienced professional with a strong understanding of revenue management principles and a focus on analyzing market data to optimize pricing decisions and overall revenue performance.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
- Manage revenue for properties utilizing AIRM/Yieldstar within the portfolio collaborating with multiple management companies.
- Analyze data from various sources to identify trends and opportunities for optimizing operating performance.
- Oversee the management and seamless execution of the revenue management platform.
- Conduct regular pricing calls with third-party managers to monitor and analyze the relationship between pricing practices and market performance.
- Collaborate to develop and promote effective strategies for maximizing rent revenue for each community.
- Address pricing concerns and requests promptly and effectively.
- Prepare regular reports (weekly monthly quarterly) on revenue performance and benchmarking for distribution to property and corporate leadership.
- Ensure revenue management best practices are consistently applied to new lease and renewal pricing.
- Implement pricing plans based on sound data-driven lease pricing strategies.
- Evaluate performance on a monthly basis and incorporate findings into potential strategy adjustments for the following month.
- Provide rental income data for the annual budgeting process.
- Assist with the preparation of forecasts and re-forecasts as requested.
- Conduct market research and collaborate with regional leaders to determine the competitive positioning of properties.
SKILLS AND EXPERIENCE
- Bachelors degree in Finance Real Estate Business Administration or a related field required.
- 7 years of relevant experience in pricing/revenue management; preferably within the multifamily housing industry.
- Thorough understanding of RealPage platforms.
- Proficiency in analyzing operating/income statements to evaluate performance metrics.
- Strong analytical skills including the ability to manage multiple projects and maintain strong attention to detail.
- Strong business writing skills for clear and concise communication.
- Excellent written verbal and interpersonal communication skills.
- Self-motivated and able to work effectively with limited direction.
- Ability to adapt to changing demands and operate with a high degree of flexibility.
- Strong project management skills including effective time management organization and the ability to meet deadlines.
- Technology skills including proficiency in Excel PowerPoint Word and Internet research; experience with MRI Yardi LRO or AIRM/YieldStar or knowledge of SQL queries and report writing is helpful.
- Must have a valid drivers license with no major infractions in the last 12 months.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee is often exposed to outside weather conditions. The noise level in the work environment is usually moderate.
This job description is intended to provide a general overview of the Revenue Manager role. The specific duties and responsibilities may vary.
Required Experience:
Manager
Key Skills
- ASC 606
- Hotel Experience
- Hospitality Experience
- GAAP
- Accounting
- Revenue Management
- Pricing
- Analysis Skills
- Salesforce
- SOX
- ERP Systems
- NetSuite
About Company
Kairoi Residential is a premier, vertically integrated, multifamily investment, development and property management company headquartered in San Antonio.
