What are the responsibilities and job description for the Revenue Manager position at Bigos Management, Inc.?
BIGOS MANAGEMENT IS PROUD TO BE NAMED A STAR TRIBUNE TOP WORKPLACE IN 2024 FOR THE 10th TIME
LOCATION
Golden Valley, Minnesota (hybrid work option available, must be based locally)
SCHEDULE
Monday - Friday
PAY, BENEFITS, AND PERKS
Hiring Pay Range: $90,000 - $110,000
SUMMARY
The Revenue Manager plays a key role in developing and implementing strategies and processes that maximize revenue for each asset within the portfolio. This position will be involved in all aspects of key Revenue Management activities including pricing calls, inventory and expiration strategies, and daily management of the pricing software. Supports the company objectives in three key areas including: people, profitability, and growth.
To perform this job successfully, the individual must be able to perform each essential job duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.
ESSENTIAL JOB DUTIES
Revenue and Pricing Management
Education and Experience:
Must possess mobility to work in the field and in a standard office setting. The ability to regularly use standard office equipment, including a computer or similar device is necessary. Stamina to maintain attention to detail despite interruptions; strength to lift and carry items weighing up to 10 pounds; vision to read printed material and a computer screen; and hearing and speech to communicate in-person and over the telephone are essential. Must be able to visit properties regularly, quickly and easily navigate the property/building as needed to meet the job functions, including regular inspections of both inside and outside of all assigned properties.
Personal Protective Equipment: None
Work Environment: Office working conditions, hybrid work model
LOCATION
Golden Valley, Minnesota (hybrid work option available, must be based locally)
SCHEDULE
Monday - Friday
PAY, BENEFITS, AND PERKS
Hiring Pay Range: $90,000 - $110,000
- Competitive benefit package, including HSA employer contribution, and starting 1st of the month after hire
- 401(k) Plan with employer match
- Ten paid holidays, no waiting period to receive holiday pay
- Generous Paid Time Off (PTO) and rollover options
- Volunteer Time Off (VTO), along with additional company sponsored volunteer opportunities
- Company paid benefits including Life Insurance, Short Term and Long Term Disability
- Employee Assistance Program (EAP)
- Educational Assistance options
- Rent discount
- Life Time Fitness Membership discount
SUMMARY
The Revenue Manager plays a key role in developing and implementing strategies and processes that maximize revenue for each asset within the portfolio. This position will be involved in all aspects of key Revenue Management activities including pricing calls, inventory and expiration strategies, and daily management of the pricing software. Supports the company objectives in three key areas including: people, profitability, and growth.
To perform this job successfully, the individual must be able to perform each essential job duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.
ESSENTIAL JOB DUTIES
Revenue and Pricing Management
- Optimize revenue through effective pricing strategy and revenue management software utilization.
- Lead regular pricing calls with assigned properties.
- Assist in enforcement of all policies and best practices related to the revenue management process.
- Ensure compliance with all applicable laws, regulations, and other legal commitments.
- Coordinate changing asset strategies with other members of Asset Management and Property Management.
- Utilize benchmarking, KPI, and market research tools to drive superior pricing performance and strategy
- Oversight of comparative market surveys in partnership with Property Management staff.
- Support ancillary income opportunities.
- Site visits as necessary.
- Other duties as assigned.
- Recognizes industry trends and is proactive and forward thinking to meet the future needs of the business.
- Develops strong partnerships and collaborates well with all corporate team members and departments.
- Produces required volume of work by planning, organizing, and prioritizing work duties.
- Adheres to Bigos Management general work rules, and department procedures.
- Maintains a clean and safe work environment and follows all procedures for employee incidents.
- Ensures compliance with federal, state, and local laws.
- Attends all required department and company meetings.
- Seeks partnerships with internal and external customers to learn new skills that support business needs.
- Asks for, accepts, and acts on feedback.
- Ensures work produced supports quality standards that meet goals and objectives.
- Communicates effectively both verbally and in writing.
- Practices active listening and responds in a professional and timely manner.
- Meets the changing needs of others in a friendly and positive manner.
- Gains trust and confidence of internal and external customers.
- Establishes and maintains effective business relationships with internal and external customers.
Education and Experience:
- Must have a Bachelor's degree with a strong preference for concentration in Economics, Finance or Business.
- 3 years of revenue management experience. Experience within residential revenue management strongly preferred. Advanced expertise in Multifamily Asset Management and/or Property Management strongly preferred.
- Superior analytical and quantitative skills: advanced mastery of Excel modeling and proficiency in Word and PowerPoint are required.
- Experience with revenue management software such as RentMaximizer, Revenue IQ, Rain Maker, or Yieldstar required. Yardi experience strongly preferred.
- Fluent in English and skilled in oral and written communication. Ability to use tact, diplomacy and a clear, courteous manner when dealing with internal and external customers.
- Ability to effectively present information to all levels of the organization.
- Travel for this position will not exceed 25%. All assets are all located in Minnesota, but the position may require additional travel for training and seminars.
- Must have reliable transportation, proof of insurance, a valid state driver's license, and a safe Department of Motor Vehicles driving record.
- The ability to work well and collaborate with diverse stakeholders solving complex issues.
- Ability to work independently and multi-task with competing deadlines during peak reporting times.
- Ability to handle multiple projects or tasks simultaneously with self-direction.
- Strong organizational and interpersonal skills.
- Strong written and verbal communication skills.
- Strong business acumen
Must possess mobility to work in the field and in a standard office setting. The ability to regularly use standard office equipment, including a computer or similar device is necessary. Stamina to maintain attention to detail despite interruptions; strength to lift and carry items weighing up to 10 pounds; vision to read printed material and a computer screen; and hearing and speech to communicate in-person and over the telephone are essential. Must be able to visit properties regularly, quickly and easily navigate the property/building as needed to meet the job functions, including regular inspections of both inside and outside of all assigned properties.
Personal Protective Equipment: None
Work Environment: Office working conditions, hybrid work model
Salary : $90,000 - $110,000
