Portfolio Manager

Opendoor•Tempe, AZ

45d•Onsite

About The Position

The Portfolio Manager is part of the Portfolio Management team, which supports the company’s proprietary pricing engine and develops and executes resale strategy across a multi-billion-dollar portfolio. The role focuses on optimizing inventory, managing asset-level P&L, and achieving financial goals while appropriately managing risk. The Portfolio Manager seeks to outperform the market by clearing inventory faster at the same or better valuation. They make asset-level decisions throughout the resale process, from listing through closing, including setting and adjusting prices, using non-price levers, and evaluating resale offers. The role also involves interpreting demand, buyer feedback, market events, and market trends; evaluating model-driven recommendations; prioritizing decisions across an inventory portfolio; identifying underperforming cohorts; and providing feedback to improve pricing models, algorithms, and workflow tools. This role is based in one of the company’s talent hubs and requires working in the office five days a week, with required attendance Monday, Tuesday, Thursday, and Friday.

Requirements

Experience making difficult pricing decisions in a role such as Pricing Analyst, Options Trader, Single Family Rental manager (REIT), Mortgage Credit Risk Manager, Pricing Strategist, or Real Estate Asset Manager; real estate experience is not required.
Expertise in the markets in which the candidate operates.
Ability to review large amounts of data and use it to guide effective, impactful decisions, with strong judgment in uncertain situations.
Experience with Excel, dashboards, and AI tools such as Co-work for data analysis.
Willingness to be trained in Opendoor pricing products and tools.
Ability to prioritize workload and complete tasks within deadlines.
Excellent verbal, written, and interpersonal communication skills.
Strong collaboration skills with team members and portfolio stakeholders.
Enthusiasm for an in-office culture and ability to work from a talent hub five days a week, with required attendance Monday, Tuesday, Thursday, and Friday.

Responsibilities

Generate an edge over the market by clearing inventory faster at the same or better valuation.
Own the P&L of an inventory book and make asset-level decisions from listing through resale close.
Determine listing prices, when to reduce prices, when to hold or use non-price levers, and whether to accept resale offers.
Interpret demand metrics, buyer feedback, and market events to develop and refine portfolio- and asset-level strategies.
Understand market nuances and respond to seasonality and micro- and macro-level trends.
Decide when to accept or override model-driven recommendations based on knowledge of pricing algorithms’ strengths and weaknesses.
Prioritize work across the inventory book to make timely decisions on the appropriate assets.
Use analytics to identify underperforming cohorts, manage risk, and determine corrective actions.
Provide feedback to improve pricing models, algorithms, and tools supporting Portfolio Management workflows.
Collaborate with portfolio stakeholders, including listing partners, operations teams, engineers, and researchers.