Revenue Manager in Richmond, Virginia at Levco Management LLC

Revenue Manager

Salary: Compensation is commensurate with experience

FLSA Status: Exempt

Schedule: Monday – Friday

Reports to: Chief Operating Officer and Senior Director of Property Operations

Job Description

The Revenue Manager is responsible for developing and implementing customized revenue strategies to optimize performance and maximize revenue across a diverse portfolio of multifamily properties. This role requires strong analytical skills, a deep understanding of revenue management software, and market conditions.

Responsibilities

• Develop and execute customized revenue management strategies aligned with company objectives to optimize performance and maximize revenue.
• Conduct regular analyses to ensure proper price positioning, forecast demand, identify market trends, occupancy rates, and specials based on competitor activity.
• Track and analyze key performance indicators to identify areas for improvement surrounding revenue and occupancy.
• Utilize revenue management software to make informed pricing decisions and streamline processes.
• Collaborate with management team and work closely with onsite teams to coordinate cohesive revenue and promotional strategies.
• Participate in forecasting and budgeting at the property level.
• Monitor performance against property budget.
• Conduct regular leasing/revenue management strategy meetings and effectively respond to pricing concerns or requests.
• Identify opportunities for revenue growth.
• Prepare regular revenue and performance reports to present to the executive team.
• Tour model unit, available units, and amenities at subject property and its competitors.

Qualifications

• Valid driver's license and reliable transportation required.
• Bachelor's degree in real estate, marketing, business administration, or equivalent experience.
• Minimum 3 years of experience in an analytical role within the property management industry.
• Prior experience in an on-site leasing office is preferred.
• Proven experience as a Revenue Manager or similar role in property management.
• Minimum 3 years' experience with revenue management software, Yardi Revenue IQ preferred.
• Strong analytical skills and ability to interpret data, with the ability to manage multiple projects.
• Exceptional communication, attention to detail, organizational, time management, and interpersonal skills.
• Ability to work in a fast-paced environment, multi-task, and prioritize duties.
• Proficiency in Microsoft office suite.
• Strong computer skills with a knack for technology.
• Knowledge of property management industry trends and best practices.
• Ability to think strategically and make data-driven recommendations.
• Must always possess a positive attitude.
• Must be able to pass a background check.
• May require occasional daily/overnight travel, as needed.
• Any other duties as assigned by your supervisor.

Levco Management is an Equal Opportunity Employer.