Description:
Revenue Manager
Salary: Compensation is commensurate with experience
FLSA Status: Exempt
Schedule: Monday Friday
Reports to: Chief Operating Officer and Senior Director of Property Operations
Job Description
The Revenue Manager is responsible for developing and implementing customized revenue strategies to optimize performance and maximize revenue across a diverse portfolio of multifamily properties. This role requires strong analytical skills, a deep understanding of revenue management software, and market conditions.
Responsibilities
- Develop and execute customized revenue management strategies aligned with company objectives to optimize performance and maximize revenue.
- Conduct regular analyses to ensure proper price positioning, forecast demand, identify market trends, occupancy rates, and specials based on competitor activity.
- Track and analyze key performance indicators to identify areas for improvement surrounding revenue and occupancy.
- Utilize revenue management software to make informed pricing decisions and streamline processes.
- Collaborate with management team and work closely with onsite teams to coordinate cohesive revenue and promotional strategies.
- Participate in forecasting and budgeting at the property level.
- Monitor performance against property budget.
- Conduct regular leasing/revenue management strategy meetings and effectively respond to pricing concerns or requests.
- Identify opportunities for revenue growth.
- Prepare regular revenue and performance reports to present to the executive team.
- Tour model unit, available units, and amenities at subject property and its competitors.
Qualifications
- Valid driver's license and reliable transportation required.
- Bachelor's degree in real estate, marketing, business administration, or equivalent experience.
- Minimum 3 years of experience in an analytical role within the property management industry.
- Prior experience in an on-site leasing office is preferred.
- Proven experience as a Revenue Manager or similar role in property management.
- Minimum 3 years' experience with revenue management software, Yardi Revenue IQ preferred.
- Strong analytical skills and ability to interpret data, with the ability to manage multiple projects.
- Exceptional communication, attention to detail, organizational, time management, and interpersonal skills.
- Ability to work in a fast-paced environment, multi-task, and prioritize duties.
- Proficiency in Microsoft office suite.
- Strong computer skills with a knack for technology.
- Knowledge of property management industry trends and best practices.
- Ability to think strategically and make data-driven recommendations.
- Must always possess a positive attitude.
- Must be able to pass a background check.
- May require occasional daily/overnight travel, as needed.
- Any other duties as assigned by your supervisor.
Levco Management is an Equal Opportunity Employer.
Requirements:
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