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Revenue Management Analyst

Revenue Management Analyst

Highmark ResidentialDallas, TX, US
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Revenue Management Analyst

Because every position is considered critical to Highmark's success and reputation, we take care to employ those who aspire to become the best in their field. Those who succeed at Highmark will do so because they enjoy an empowered, challenging, fulfilling, and financially rewarding workplace!

What Highmark can do for you :

  • Help you achieve your goals by continuous professional development and regular career progression sessions
  • Competitive pay for the market
  • Monthly bonus opportunities for all site associates
  • 30% associate rent discount
  • Medical, Dental & Vision benefits the 1st of the month following 30 days of full-time employment
  • Company-provided life insurance, short term and long term disability coverage
  • Flexible Spending accounts
  • 401(k) eligibility after 90 days, with 4% Highmark match
  • Professional Certification & Tuition reimbursement
  • Vacation, Sick and Personal Time off available to use after 90 days
  • 10 paid holidays
  • Paid parental leave

Responsibilities

The Revenue Management Analyst is responsible for managing the rental revenue strategy and execution for a portfolio of multifamily assets. With the help of a Revenue Management software system, they rapidly analyze new operational data on a daily basis and then implement and communicate a pricing strategy to various stakeholders throughout the organization.

Essential functions include (but are not limited to) :

  • Become expert in the Revenue Management Software application and related business procedures for managing pricing and reporting results
  • Daily review and acceptance of pricing recommendations
  • Drive renewal strategy via monthly teleconference review with the Operations team using standard and custom benchmarking tools
  • Facilitate discussions between Operations and Ownership to ensure strategy is communicated and executed
  • Build rapport with stakeholders to help reach agreed consensus in uncertain market conditions
  • Manage exposure of available units taking into account historical performance, seasonality, and current market data
  • Assist with new site implementations in Revenue Management Software environment
  • Troubleshoot and administrate Revenue Management System on behalf of all internal users
  • Update periodic reports for review and distribution to Senior Management

    • Additional Duties :

  • Serve as liaison within Highmark between on-site personnel, Regional and Asset managers to communicate and implement various ownership's strategic goals for a wide variety of assets
  • Data and configuration review for system initialization on sites
  • Coordination of go-live training for new sites
  • Ongoing education of Highmark associates regarding pricing practices and the Revenue Management System
  • Train new team members (Property, Regional and Asset Managers, and Leasing Associates) to use Revenue Management System including ongoing supplemental training when needed
  • Work with internal leasing training team to ensure proper adoption of the leasing process

    • Qualifications

    Qualifications :

  • Bachelor's Degree preferred
  • Minimum of 2 years industry experience in Real Estate Asset Management, Multifamily Operations, Market Research, Pricing Analysis, or Financial / Data Analysis
  • On-site experience in Multifamily Operations processes is strongly preferred
  • Experience with Multifamily affordable programs (LIHTC, PHA, etc.) is desirable
  • Strong Microsoft Excel skills including transform and lookup functions (VLOOKUP, etc.)
  • Experience with Property Management Software (i.e. Yardi Voyager, OneSite, etc.) and / or Revenue Management Software (i.e. YieldStar, LRO, etc.) is preferred but not required
  • Outgoing and friendly and can build consensus among various stakeholders
  • Detail oriented, analytical and methodical
  • Ability to train and persuade others regarding new technology and business processes
  • Ability to multi-task and handle various properties / portfolios simultaneously
  • Ability to work outside normal business hours at times depending upon workload
  • Ability to lead and follow through change management initiatives
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