Revenue Manager (YieldStar/LRO)

SUMMARY
The Revenue Manager evaluates and analyzes asset performance using the tools available within Lease Rent Options (LRO) and/or YieldStar.   The Revenue Manager is responsible for reviewing, understanding and compiling reports on asset performance.   The Revenue Manager is required to be an expert in the pricing application and related procedures.  This individual will act as the advisor for the client and operations team from implementation, managing daily rent pricing and ongoing support.  The Revenue Manager will also be responsible for training the Regional Property Manager and their property team members on the respective pricing system. 
REPORTS TO:  Director of Revenue Management

PRIMARY RESPONSIBILITIES 

• Accumulate, format, and analyze data within the pricing system and market research data to assess trends and identify to potential risks.
• Review daily rate recommendations and communicate with on-site, regional and asset managers related to pricing questions.
• Build and maintain positive relationships with client and team members at all levels.
• Train online and in person on revenue management concepts and pricing system (clients, operations management, and on-site personnel).
• Follow complex analytical methodologies.
• Analyze asset performance and aggregate the results up to a portfolio or sub-market.
• Monthly performance measurement analysis and reporting to senior management regarding financial results, revenue management adoption behavior, leasing velocity and market conditions.
• Interpret and understand economic, demographic and supply demand trends for the U.S. and how they impact real estate fundamentals.
• Additional duties, projects or presentations as assigned.

 
REQUIRED KNOWLEDGE/SKILLS/ABILITIES 

• Bachelorâ™s degree required; equivalent experience within industry may be acceptable.
• Real estate industry or previous analysis experience is highly preferred.
• 2+ years Multifamily Operations experience
• 2+ years experience using LRO and/or YieldStar Revenue Management pricing models (Pricing or Onsite experience)
• Advanced skills in MS Excel, MS PowerPoint and MS Word.
• Strong Accounting/Financial knowledge
• Strong analytical skills and abilities; demonstrated experience delivering complex analysis and reports.
• Ability to train, motivate and guide others.
• Ability to work within strict deadlines and adapt to shifting priorities.
• Works well in a collaborative environment and takes ownership of assigned tasks.
• Strong attention to detail.
• Strong written and verbal communication skills.
• Ability to work overtime when needed.
• Ability to travel when needed, up to 25%.