Revenue Manager

Company: Levco Management LLC
Location: Richmond
Posted on: February 1, 2025

Job Description:

Description:Revenue ManagerSalary: Compensation is commensurate with experience FLSA Status: ExemptSchedule: Monday - FridayReports to: Chief Operating Officer and Senior Director of Property OperationsJob DescriptionThe 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. ResponsibilitiesDevelop 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. QualificationsValid 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.Requirements:PI9b5253c0a9a1-25660-36401271

Keywords: Levco Management LLC, Richmond , Revenue Manager, Executive , Richmond, Virginia