What are the responsibilities and job description for the VP Revenue Management - Multifamily Asset Management position at Fairfield Residential?

Vice President of Revenue Management

Job Summary

As a Vice President of Revenue Management, you will lead the revenue management team to develop and execute revenue management strategies to optimize rental income and occupancy across our multifamily portfolio. 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.

Reports to : Director of Revenue Management

Key Responsibilities

Collaborate with Asset Management and Property Management teams to ensure alignment with revenue goals and strategies.
Develop and implement comprehensive revenue management strategies to maximize rental income and occupancy.
Analyze market trends, competitor performance, and economic indicators to inform pricing decisions.
Utilize data analytics and revenue management software to monitor performance and identify opportunities for improvement.
Lead and mentor a team of revenue management professionals, fostering a culture of continuous improvement and innovation.
Prepare and present regular reports on revenue performance to senior leadership.
Stay abreast of industry trends and best practices to ensure the company remains competitive in the market.

Qualifications

Education & Certifications

Bachelor's degree in Business, with a focus on Accounting, Finance, or Real Estate strongly preferred. MBA or advanced degree is a plus.

Experience

Minimum 10 years of Pricing, Revenue Management, Financial Analysis, Property Operations, or Property Management experience required.

Proven track record of developing and executing successful revenue management strategies.

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

Other

This role may require additional responsibilities as assigned.

LI-PAT

Estimated Rate of Pay :

125,000.00 - $150,000.00

This position is exempt; the range above reflects annual base 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 : $125,000 - $150,000

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VP Revenue Management - Multifamily Asset Management

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