What are the responsibilities and job description for the Revenue Management Director position at Ocean Reef Club?
The Director of Revenue Management is responsible for meeting and exceeding ORC financial goals while achieving the highest levels of Member and their Guest’s satisfaction, quality of service, and compliance with ORC policies and procedures. This position recommends, implements, and monitors all aspects of Lodging Revenue and is responsible for the revenue budgets, forecasts, pricing, inventory, and projections.
Essential Duties and Responsibilities
Specific duties and responsibilities include the following :
- Forecasting : Prepare and distribute internal forecasts for staffing and financial planning
- Budgeting : Assist in development, implementation and monitoring the lodging revenue budgets
- Maximize Room Revenue : Maximize revenue and minimize expenses. Including but not limited to rate setting, competitive rate analysis, package plan development, and member promotions for club managed rentals
- Yield Management : Develop, maintain and update strategies, recommendations and rate quotations with the Sales and Reservations Team. Maintain real time availability and rates. Manage group room allocations to effectively maximize revenue and occupancy for the Inn and Vacation Rentals.
- Group Allocations : Provide sales team with group ceiling & MAR, manage inventory in Passkey and Visual One for Conference Groups
- Data Analysis : Extract and analyze group spend data to evaluate total spend performance and provide future benchmarks for prospective groups
- Conduct group audit checks to ensure Salesforce and the Property Management System (Visual One) are in balance.
- Audit the reservations team to ensure accuracy of rate quoting, restrictions and selling approach
- Strategize and execute promotions and packages for members. Partner with marketing and build packages in the Property Management System. Communicate offers to the Reservations Team and provide assistance and training when needed.
- Systems : Property Management (Visual One) expert and Passkey expert, while assisting with Salesforce
- Human Resources : Supervises the Reservations Manager and Agents within the department in order to attract, retain, and motivate associated; hire, train, develop, empower, coach and counsel, conduct performance and salary reviews, resolve problems, provide open communication, and council as appropriate.
- Assist with yielding and effective inventory management for other revenue centers as needed.
- Produce adhoc reports and perform special projects as requested.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Skills
Education and / or Experience
Four-year college degree or equivalent education / experience. Three to five years of experience in a related position.
Language Skills
Must be able to comprehend the English language in order to communicate with co-workers and fully understand job assignments.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Sample physical requirements might include :
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Employment Type : Full Time
Years Experience : 3 - 5 years
Bonus / Commission : No
