SUMMARY The Revenue Manager evaluates and analyzes asset performance using the tools available within Lease Rent Options (LRO) and/or YieldStar. Â The Revenue Manager is responsible for reviewing, understanding and compiling reports on asset performance. Â The Revenue Manager is required to be an expert in the pricing application and related procedures.Â This individual will act as the advisor for the client and operations team from implementation, managing daily rent pricing and ongoing support.Â The Revenue Manager will also be responsible for training the Regional Property Manager and their property team members on the respective pricing system.Â REPORTS TO:Â Director of Revenue Management
Â Job Requirements
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.
Â REQUIRED KNOWLEDGE/SKILLS/ABILITIESÂ
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%.
* Bachelor'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%.
Internal Number: J3P4YG6Q50CGQX0QXDS
About Pinnacle Property Management Services
Work for the Best in the Industry - make your next move here! Pinnacle ranked #1 on the National Multi-Housing Council Top 50 Largest U.S. Apartment Managers for two years in a row! We invest in great people. That's why clients trust us with their real estate investments! At Pinnacle, we consider our employees to be our most valuable asset. In fact, our number one key business objective is to attract and retain the best talent in the industry! At Pinnacle, we firmly believe our employees drive our success and competitive advantage. Pinnacle is the national leader in third-party fee management of investment real estate encompassing multi-family, commercial space, affordable housing and military housing. Pinnacle is built on four basic principles: •Quality people •Strong customer service •Solid market knowledge •Superior systems and support capabilities At Pinnacle, success is about more than having a healthy bottom line. Guided by our principles and values, we are committed to making Pinnacle an amazing and unique place to work for each member of our team.Employees receive market-competitive compensation and benefits and are supported through orientation programs, ongoing training ...resources and transfer opportunities.Pinnacle values diversity and is committed to equal opportunity in employment. We offer a safe, healthy work environment for employees through a commitment to maintaining a drug-free workplace.Pinnacle has ongoing employment opportunities at our headquarters in Dallas, our regional offices in Seattle and Maitland, our 40+ branch offices located nationwide, and numerous Pinnacle-managed communities throughout the country.