What are the responsibilities and job description for the Revenue Manager - Multifamily Asset Management position at Fairfield Residential?
Job Summary
As a Revenue Manager, you will collaborate and communicate with Regional Managers, Vice Presidents, and Asset Managers to align and implement pricing strategies. Your responsibilities include analyzing market trends, competitor pricing, and customer demand, conducting regular reviews, and providing insights for adjustments. Strong analytical, communication, and organizational skills are essential.
Key Responsibilities
- Collaborate with Asset Management and Property Management teams to ensure alignment of pricing strategies and objectives.
- Conduct regular reviews with Asset Management and Property Management regarding the implementation of pricing strategies through pricing changes, renewal rates or proposed adjustments at each property.
- Monitor and report on pricing performance, providing insights and recommendations for adjustments.
- Analyze market trends, competitor pricing, and customer demand to inform pricing decisions.
- Manage Competitor Review calls and competitor environment in LRO
- Ongoing review of new lease and renewal parameters, assigned amenity values, lease terms, competitor data and other rent optimization settings
- Audit/Manage amenities based on supply and demand trends and identify focus areas for revenue optimization opportunities
- Monitor adoption behavior by tracking pricing overrides and lease compliance.
Qualifications
Education & Certifications
- Bachelor’s degree in Business, with a focus on Accounting, Finance, or Real Estate strongly preferred.
Experience
- Minimum 3 years of Pricing, Revenue Management, Financial Analysis, Property Operations, or Property Management experience required.
- Familiarity with LRO, YieldStar, or AIRM is a plus.
- Experience using Yardi a plus.
- Experience with Excel, Power Point and Word required.
Skills & Competencies
- Ability to communicate effectively at all levels of the organization through both verbal and written communication skills with the ability to present complex data clearly.
- Strong analytical skills with proficiency in data analysis tools (e.g., Excel).
- Detail-oriented with strong problem-solving abilities.
- Possess strong organizational skills and sense of urgency
- Works well independently, takes initiative and can effectively prioritize
- Strong interpersonal skills with the ability to influence, motivate and develop associates
- Ability to work outside normal business hours on a regular basis due to the time sensitivity of revenue management
#LI-PAT
Estimated Rate of Pay:
$80,000.00 - $100,000.00
This position is exempt; the range above reflects annual salary.
The pay range displayed for this position is determined by skills and experience required, location and job complexity*. Potential job offers may vary based on the skills, education, and experience an individual candidate holds. This range reflects base rate only, and does not include allowances, perks, commissions or bonuses applicable to this position (if any). In addition to base salary, Fairfield offers all full time associates the following, upon meeting eligibility requirements:
- Paid time off, paid holidays and sick days, paid time off for volunteering activities (optional)
- Matched 401(k)
- Medical, dental & vision insurance
- Flexible spending account
- Life insurance
- Pay range is a calculation based on a midpoint price. Fairfield complies with all wage and hour laws, including minimum wage and salary exempt requirements.
Job duties for this position include: work safely and cooperatively with others, including supervisors; adhere to performance standards despite stressful conditions; communicate effectively and respectfully to ensure exceptional customer service; and follow all federal, state, and local laws and Company policies. Criminal history may have a direct, adverse, and negative relationship with some of the material job duties of this position. These include the duties and responsibilities listed above, as well as the abilities to adhere to company policies, exercise sound judgment, effectively manage stress and work safely and respectfully with others, exhibit trustworthiness and professionalism, and safeguard business operations. Pursuant to the Los Angeles and San Diego County Fair Chance Ordinances, the California Fair Chance Act, and any other applicable law, we will consider for employment qualified applicants with arrest and conviction records.
Salary : $80,000 - $100,000
