Pricing and Revenue Manager
Arlington, Virginia
State: VA
City: Arlington
Zip Code: 22203
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Pricing and Revenue Manager will assist in establishing and implementing pricing, revenue optimization, marketing and leasing strategies based on market conditions and revenue targets for a portfolio of apartment communities. This role is responsible for establishing a strong understanding of local markets, monitoring competitive conditions, and analyzing apartment supply and demand.
Responsibilities include, but are not limited to:
Optimize revenue generation through full utilization of company systems and business processes for a portfolio of multi-family apartment communities.
Assists in establishing and implementing pricing, revenue optimization, marketing, and leasing strategies based on market conditions and revenue targets.
Lead pricing and revenue management review calls for regional portfolios and provides analytical support to Operations Managers, Directors, and Vice Presidents.
Analyze occupancy, exposure, expirations, leads, visits, net leases, and seasonal market trends.
Determine methods for maximizing revenue from existing resident renewal rent changes.
Monitor competitor pricing and strategies, maintain an understanding of local markets and demand conditions, and conduct ongoing rent and product analyses to ensure appropriate positioning relative to competition.
Assist with ongoing quality assurance activities, which include auditing configuration for parameters, rental rates, and attributes.
Assist with implementing new revenue management programs at existing and new communities.
Requirements:
Bachelor’s degree in Business Administration, Hotel/Hospitality Management, Finance, Accounting, Operations Management, or a related field required plus 2+ years of experience in Revenue Management or Pricing OR equivalent 5+ years of experience in Revenue Management or Pricing.
3+ years of experience in one or a combination of the following industries: Multi-Family, Self-Storage, Hotel, Car Rental, Airlines or equivalent industry.
Experience using Yield/Revenue management software, property management software and Microsoft Office required.
Exhibit strong analytical and problem-solving skills, as well as excellent project/program management skills.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Job ID JR104549- You have 0 recently viewed jobs
