Senior Revenue Management Associate

Senior Revenue Management Associate - Hybrid

Job Category: Asset Management

Requisition Number: SENIO010378

Posting Details

Full-Time

• Hybrid

• Locations

  Showing more locations

  Dallas Regional Office
  4835 Lyndon B Johnson Fwy
  Suite 1000
  Dallas, TX 75244, USA

  Minneapolis Regional Office
  2905 Northwest Blvd
  Suite 150
  Plymouth, MN 55441, USA

  Atlanta Regional Office
  375 Northridge Rd
  Suite 500
  Atlanta, GA 30350, USA

  less locations
• Travel Required: Yes

POSITION SUMMARY: 

The Senior Revenue Management Associate is responsible for optimizing pricing and revenue strategies across our property portfolio. This position works closely with the Asset Managers, senior property management leaders, including Vice Presidents, Regional Managers, Community Managers, and Site Teams, to ensure the consistent application of revenue optimization and pricing policies. The Senior Associate will lead regular pricing discussions with properties, leveraging revenue management software to guide decisions. Key responsibilities include analyzing supply and demand trends, reviewing comparable properties, setting optimization parameters, and ensuring compliance with established policies.  

ESSENTIAL FUNCTIONS: 

1. Leads day-to-day operation of the revenue management system including, but not limited to, setting adjustments, price changes, and training with the site teams.
2. Collects, analyzes, and interprets data related to pricing, occupancy, and market trends to inform revenue management strategies. 
3. Assists with overall strategy and pricing decisions with the teams through analyzing historical, current, and projected supply and demand; analyzing comparable properties when applicable; setting optimization parameters; and monitoring compliance with policies and decisions.
4. Works with property management leaders including Vice Presidents, Regional Managers, Community Managers, and Site Teams to ensure consistent application of revenue optimization and pricing policies throughout the portfolio. 
5. Tracks and evaluates the performance of revenue management initiatives, including monitoring key performance indicators (KPIs) and preparing reports. 
6. Leads regular pricing calls with all properties utilizing the revenue management software. 
7. Provides in-house training related to revenue management process and software. 
8. Collaborates with the Development teams on market reviews and rent comparable studies for potential new construction or acquisitions sites.  Provides independent analysis and opinion on behalf of the Asset Management department for Investment Committee review and consideration. 
9. Assists with the development and updating of the Dominium “Market Scorecards” which provides a summary opinion of market conditions for acquisition and development deals in active and prospective markets. 
10. Ensures compliance with all applicable laws, regulations, and other legal commitments, to ensure software parameters meet legal requirements. 
11. Responds to requests or questions about revenue management functions. 
12. Participates in special projects or initiatives related to revenue management and other duties as assigned. 

QUALIFICATIONS:

• Bachelor’s degree in related field or equivalent combinations of professional experience. 
• 5 years of revenue management experience with experience with pricing models and forecasting techniques; and property management, sales, and/or pricing experience and Market Rate & Section 42 experience preferred. 
• Experience with Yardi RevenueIQ preferred 
• Proficient in Microsoft Office 365 suite; advanced Excel knowledge preferred.  Prior experience with revenue management software required. 
• Strong analytical skills with the ability to interpret data and market trends; and the ability to develop and implement effective revenue strategies based on market analysis, competitor benchmarking, and financial performance. 
• Proficient verbal and written communication skills for presenting reports, collaborating with stakeholders, and influencing decisions. 
• Critical thinking and problem-solving skills to address revenue management challenges; and a high level of accuracy in handling data and ensuring compliance with policies and legal requirements. 
• Ability to manage multiple projects simultaneously, including software implementations and process improvements. 
• Understanding of the specific industry’s market dynamics, trends, and regulatory environment. 
• Ability to balance revenue optimization with customer satisfaction and retention strategies. 

We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs. We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program. Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.

Travel Required

Yes. Ability to travel up to 10%