What are the responsibilities and job description for the Offshore Pricing Analyst position at Heirloom?
Description
About Heirloom
Heirloom is a leading provider of large-format, luxury short-term rentals on the national level. Our unique focus on providing word-class accommodations to discerning groups of travelers in premier travel destinations, combined with a tech-enabled and data-driven business strategy, has allowed Heirloom to quickly carve out a unique space for itself within the highly competitive and rapidly evolving luxury hospitality rental industry.
General Overview
The Pricing Analyst is someone with expertise in revenue management and dynamic pricing strategies for short-term rental properties. This role will focus on maximizing profitability and occupancy through strategic pricing, market analysis, and data-driven insights. The ideal candidate will have experience in revenue management and possess a strong analytical mindset, with the ability to thrive in a remote offshore working environment. This position requires mathematical and analytical methods combined with business/financial insight to handle the complex issues of dynamic and optimized pricing for hospitality properties spanning markets across the United States. Above all, this individual needs to have a strong passion and enjoyment for driving price changes that help our business grow and surpass company goals.
Essential Functions
About Heirloom
Heirloom is a leading provider of large-format, luxury short-term rentals on the national level. Our unique focus on providing word-class accommodations to discerning groups of travelers in premier travel destinations, combined with a tech-enabled and data-driven business strategy, has allowed Heirloom to quickly carve out a unique space for itself within the highly competitive and rapidly evolving luxury hospitality rental industry.
General Overview
The Pricing Analyst is someone with expertise in revenue management and dynamic pricing strategies for short-term rental properties. This role will focus on maximizing profitability and occupancy through strategic pricing, market analysis, and data-driven insights. The ideal candidate will have experience in revenue management and possess a strong analytical mindset, with the ability to thrive in a remote offshore working environment. This position requires mathematical and analytical methods combined with business/financial insight to handle the complex issues of dynamic and optimized pricing for hospitality properties spanning markets across the United States. Above all, this individual needs to have a strong passion and enjoyment for driving price changes that help our business grow and surpass company goals.
Essential Functions
- Set and adjust rental prices based on market demand, seasonality, special events, revenue goals, and other factors.
- Analyze seasonality, elasticity, occupancy, and other factors at market and property levels to continuously arrive at the optimal price for a given night.
- Evaluate the reservation calendar and maximize occupancy across all properties by optimizing pricing and minimum night standards
- Forecast future demand and suggest pricing strategies based on anticipated trends.
- Track KPIs across markets and properties, including occupancy rates, average daily rates, lead booking times, and recent booking flows.
- Perform statistical analysis on historical reservation data to drive change and improvements to our current pricing strategy.
- Utilize knowledge of Tableau (data visualization), Google sheets, and relational database structures to design aggregations and queries that offer data visualizations in the form desired for business analysis.
- Work together with Marketing and Sales to execute pricing strategies as directed by management.
- Degree in Economics, Finance, Business, Analytics, or a related field preferred.
- 3 years of data analytics experience.
- Revenue management experience.
- Advanced computer skills, including proficiency in Google Workspace products.
- Strong data analysis skills.
- Strong communication skills, both written and verbal.
- Strong organizational and management skills.
- Ability to work Monday - Friday 9:00 to 5:00 CT
