Revenue Manager

POSITION: Revenue Manager (Salaried, Exempt)

COMPENSATION: Pursuant to Colorado regulations, if this job is performed in Colorado, the salary range is $88,000-$98,000 plus bonus potential.

Eligible to participate in the company benefits plan. We offer health, vision, dental, and pet insurance. We offer a 401(k) retirement plan, student loan assistance, licensing and continuing education reimbursement, parental leave, and housing allowances or gifts.

DIRECT REPORT: Revenue Management Director

The Revenue Manager evaluates, analyzes, and drives asset performance. 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 Portfolio Manager and their property team members on the Revenue Management platform pricing system as well as Revenue Management disciplines.

RESPONSIBILITIES (Including but not limited to)

• Accumulate, format, and analyze data within the pricing system and market research data to assess trends and identify 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.
• Drive absorption of revenue management and pricing advisory services to Cardinal owned and managed communities.
• Additional duties, projects or presentations as assigned.

QUALIFICATIONS

• 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 in Student Housing strongly preferred
• 2+ years' experience using Yieldstar or other Revenue Management platform Revenue Management pricing models (Pricing Advisory or Onsite experience)
• Advanced skills in MS Excel, MS PowerPoint and MS Word and/or Google Suites
• 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 travel when needed, up to 25%
• Ability to embody the Cardinal Culture and Cardinal Core Values every day

WORK ENVIRONMENT

The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work both inside and outside of apartment buildings and in all areas of the property including amenities and have frequent exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by a Team Member to successfully perform 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 Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear. The Team Member regularly required to stand; walk; reach with hands and arms, and climb, stoop, or squat. Incumbents must be able to physically access all exterior and interior parts of the property and amenities and must be able to work inside and outside in all weather conditions including, but not limited to rain, snow, heat, hail, wind and sleet.

The Team Member must be able to push, pull, lift, carry, or maneuver weights of up to twenty (20) pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Rare or regular travel may be required to assist properties as needed, attend training classes or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their Team Leader.