What are the responsibilities and job description for the Revenue Manager position at Independence Realty Trust Inc.?
We're currently seeking a Revenue Manager located in or near Tampa, FL. The Revenue Manager is responsible for the implementation and daily oversight of revenue management systems at assigned properties. The ideal candidate will be able to analyze performance and implement strategy that will maximize a community’s return on equity to the company.
Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multi-family apartments. We currently manages over 36,000 apartment homes, 120 communities, in over 30 markets and 14 of the country’s most desirable states. IRT has a strong commitment to hiring the most talented industry professionals, which has resulted in record growth, making the Company one of the most respected and trusted within our industry.
To research us in greater detail, visit www.irtliving.com
Responsibilities:
- Develop and execute detailed revenue management program implementation plans
- Establish review and acceptance protocols for rate recommendations for both site teams and pricing model
- Ongoing review of new lease and renewal parameters, amenity values, lease terms, competitor data and other optional parameters
- Evaluates properties’ rental revenue performance against financial objections and works with management to address variances. Executes pricing strategies to enhance revenue
- Monitor adoption and compliance
- Analyze market trends and competitor performance
- Develop and maintain benchmarking capabilities against both internal and external sources
- Conduct competitor property and submarket analysis, including “shopping” the competition
- Identify and implement revenue management best practices
- Innovate new processes that help drive revenue performance
- Develop daily, weekly, monthly and ad hoc reporting as needed
- Perform operational data mining and analysis
- Communicate with Vice Presidents, Asset Managers, Property and Regional Managers regarding pricing changes, renewal rates and proposed property adjustments
- Prepare agendas and facilitate internal/external meetings
- Be proficient and knowledgeable on all software programs used in the leasing process at the communities and coach community employees to effectively use the systems and tools
- Conduct troubleshooting and problem resolution
- Create and conduct training for Management and site teams on revenue management
- Strong planning and organizational skills
- Required Travel <25%
Skills & Qualifications
- Bachelor's degree preferably in Accounting or Finance
- Equivalent training and related experience will be considered
- 2 years experience using Revenue Management pricing models (REBA rent, LRO, Yieldstar, AIRM)
- Knowledge of Entrata & Excel preferred
- 2 years Multifamily industry experience (Property Manager, Asset Manager, Operations)
- Strong Accounting and Finance knowledge
- Critical thinking skills and ability to prioritize and multitask in a fast-paced environment
We offer
- Competitive Compensation Package
- Bonus Opportunities
- StockAwards
- Paid Holidays and Paid Time Off
- BCBS PPO Health Insurance
- 401k with 4% match
Independence Realty Trust is an Equal Opportunity Employer and committed to building a diverse and inclusive culture. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital or veteran status, disability, or any other legally protected classes
