What are the responsibilities and job description for the Revenue Manager position at Brookfield Properties?
Location
Charleston - 997 Morrison Drive, Suite 402
Business
We are a leader in the single-family rental (SFR) Aggregation space with over 10,000 homes across the Southeast and Midwest. Maymont Homes was founded in 2011 to bring technology to the single-family rental space. Over the years we have become a full-service acquisition, renovation, and property management company growing throughout the South and Midwest. By the application of efficient processes enabled by advanced software, our company can provide clean, safe, affordable housing to thousands of people. We strive to offer better living opportunities for individual families, which ultimately improve the lives in the communities we serve!
Job Description
Location: 997 Morrison Drive, Charleston, SC 29403
Hours: Monday - Friday 9AM - 5PM
Primary Responsibilities: The Revenue Manager is primarily responsible for analyzing competitor pricing, evaluating new and renewal pricing, and creating a strategy to achieve maximum rent growth by market. In addition, the Revenue Manager will work closely to foster professional growth, achieve company and team KPIs, and develop a team of Revenue Analysts. The Revenue Manager will be responsible for reporting results in small and large group settings across multiple communication platforms.
Skills & Competencies:
- Bachelor’s degree in mathematics, statistics, finance, economics, or related field or equivalent work experience required.
- Minimum 3 years experience managing a team.
- Demonstrated leadership and interpersonal skills
- Experience in mulit-family or SFR industry
- Strong analytical skills and ability to present pricing analysis reports
- Demonstrated strong presentation skills
- Knowledge in fair housing and local real estate laws, where applicable.
- Intermediate knowledge of Word, Excel and PowerPoint; advanced preferred
- Demonstrated strong written and verbal communication skills
- Ability to prove critical thinking and problem-solving concepts
- Ability to thrive in a high volume, data entry and processing work environment, where applicable
- Experience working in a work schedule environment, including in-office operation, weekends and holidays, based on business need.
Essential Job Functions:
- Access data from a variety of sources to gain insights into pricing strategies and market trends
- Track Resident feedback to develop effective pricing strategies for optimized rents
- Collaborate with leasing, marketing, acquisitions, and local markets on developing and implementing competitive pricing strategies
- Provide feedback on current pricing tools to adjust to the changing market needs and trends
- Keep informed on industry trends and communicate related strategy
- Manage day to day job duties of Revenue Analysts KPIs as it relates to rent growth and strategy
- Develop effective Revenue formulas to drive rents in different markets that takes into account seasonality and other influencing factors
- Ensure we are constantly driving rents across assigned markets to meet the demands of the industry
- Conduct market studies and provide feedback in build-to-rent areas where we have a presence to maximize return on investment
- Analyze new rent growth to establish and execute consistent growth quarter over quarter
- Partner closely with the Acquisitions and the Market teams to ensure alignment on all pricing strategies.
- Maintain open feedback to support the continual development of new strategies and best practices that will support sustained regional revenue growth
- Study renewal rent trends to know where/how to enhance rents across appropriate markets
- Effectively price renewals 90,60,30 days out from lease expiration
- Foster professional development of Renewal Analysts
- Design and implement training for new and existing Renewal Analysts
- Collaborate with Leasing Leaders to strategize on optimum rent growth
- Partner with Markets to obtain feedback and implement strategy
- Other duties, as assigned by supervisor or leadership team.
Key Metrics & Responsibilities
- Achieve 7% blended rent growth
- 95% Occupancy
- 14 Days to Lease
- 75% Renewed
Why work for Maymont Homes ?
Our Mission – “We Positively Impact the Lives in the Communities We Serve”. We do this through the work we do and the volunteer efforts that the company sponsors. You can make a difference in your community while you work!
Outstanding benefits package – our benefits are provided by Brookfield and offer immediate 5% match on the 401(k) plan, wellness credits that significantly reduce the employee cost for health care coverage, and up to 160 hours of PTO per year for full time employees.
Huge parent company – support and backing from Brookfield Asset Management, one of the largest real estate asset management companies.
Career growth – with our plans for growth and expansion into new markets, there are many opportunities to move up within the company.
Equal Opportunity Employer: Minorities/Religion/Sex/Protected Veterans/Disability/Sexual Orientation/Gender Identity/Marital Status/Pregnancy/Age/National Origin/Genetic Information. #MYMT
