Pricing Advisor

Overview

The Pricing Advisor is accountable for the day-to-day management of pricing, rate selection, and all aspects of Revenue Management for an assigned portfolio of multifamily communities. This role will work closely with Asset Management and Property Management to analyze price positioning in local markets and comparison sets, develop and implement pricing, occupancy, and inventory strategies, and track revenue success. The purpose of the Pricing Advisor is to effectively oversee an assigned portfolio by guiding Associates, Property Management, and Asset Management to accomplish their revenue objectives and to meet or exceed revenue key performance indicators as defined. This is a remote position. These objectives will include maximizing occupancy levels, rental rates, and other revenue opportunities and to do so in accordance with industry standards, company policy, Fair Housing laws, and all other applicable laws.

Key Responsibilities

• Conduct all business in accordance with company policies and procedures, Fair Housing, Americans with Disabilities Act, Fair Credit Reporting Act, and all other laws pertaining to apartments.
• Monitor Revenue and make adjustments as necessary to meet ownership goals.
• Build and maintain strong business relationships with team members to develop motivated, well-trained teams, and establish and maintain positive, productive relationships with all internal and external partners.
• Coach and position our Asset Management and Property Management staff to maximize revenue within assigned portfolio of communities.
• Utilize available KPI reports and performance dashboards to monitor and manage asset performance.
• Visit properties as necessary to determine initial amenity pricing adjustments.
• Ensure adherence to budgets to meet or exceed revenue goals
• Develop, execute, analyze, and measure pricing strategies by property and region.
• Establish weekly pricing calls with each property within assigned portfolio to determine pricing strategy and make adjustments to market and property conditions.
• Coordinate changing asset strategies with the Asset Management team and / or ownership.
• Assist Property Management and Asset Management in finding opportunities to increase ancillary income.
• Understand individual market conditions plus the pricing and conditions of comparable properties in order to form pricing strategy.
• Oversight of proprietary research, and maintenance of these databases, to include market survey's, market survey tools, and all proprietary reporting associated with revenue.
• Assist with the underwriting and planning of potential acquisitions, development, and renovation opportunities.
• Develop and review reports covering rate acceptance, hold period compliance, and concessions
• Audit processes to ensure that revenue management and related company policies are followed and enforcing all policies related to the revenue management process.
• Participate in the budget process to forecast property revenues (market rent, loss / gain to lease, concessions etc.)
• Carry out other duties as assigned by your supervisor or other Leadership staff

Education, Experience, And Skills

What We Offer

Birge & Held is an Equal Opportunity Employer and we are committed to hiring a diverse and talented workforce.

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