Revenue Manager

AION•Philadelphia, PA

18d

About The Position

The Revenue Manager plays a pivotal role in driving strategic pricing decisions that directly impact property performance and organizational growth. Using tools like LRO and market intelligence, this role focuses on maximizing rental income, supporting revenue forecasting, and informing budgetary strategies. The Revenue Manager acts as a critical liaison between departments, facilitating collaboration between Asset Management, Operations, and Property Management to align on pricing execution. To be successful in this role, the individual must be analytical, detail-oriented, and an effective communicator, with the ability to interpret market trends and translate them into actionable strategies. This position contributes to a cohesive, high-performing team environment while ensuring data-driven decisions are implemented consistently across the portfolio. At its core, this role exists to enhance revenue performance and ensure pricing strategies are both competitive and aligned with broader business objectives. Essential Duties: · Strategic Pricing & Analysis · Develops and adjusts pricing recommendations based on real-time market trends using the LRO system. · Monitors and interprets competitive rent data and economic trends to ensure optimized pricing strategies. · Analyzes performance data to assess the impact of pricing actions and forecast future performance. · Lead a weekly pricing call for every region. · Lead a monthly renewal call for every region to include setting up pricing parameters and generating and reviewing upcoming offers. · Quarterly comp reviews, including evaluation of the setup of positioning and weights within LRO. Cross-Departmental Collaboration · Acts as the primary liaison between Asset Management, Operations, and Property Management to align on pricing strategies. · Educates internal stakeholders on pricing strategy, revenue tools, and implementation guidelines. · Travels to properties as needed to support local pricing reviews and execution. Reporting & Budgeting · Prepares and maintains revenue management reports that support operational and strategic decision-making. · Assists in the creation of annual and quarterly revenue budgets and forecasts. · Generates Quarterly and Annual Revenue Reporting Packages for internal stakeholders. Additional Duties: Tasks or duties not outlined in this job description may be required to contribute to the organizations success and efficiency.

Requirements

Bachelor’s degree preferred.
Minimum of 3–5 years of experience in a related field, preferably in multifamily revenue or pricing strategy.
Strong background in data analysis, budgeting, and market research within a real estate or asset management environment.
Expertise and understanding of forecasting and pricing for rents/leasing in a multi-family environment
Ability to read, analyze, and present financial data effectively to both internal and external stakeholders.
Proficiency in applying statistical analysis and financial modeling to practical pricing scenarios.
Skilled in drawing logical conclusions from complex datasets and making sound decisions under Dynamic conditions.
Proficiency with revenue management software required ie. LRO or real Page
Advanced skills in Microsoft Excel
Familiarity with PowerPoint and Word

Responsibilities

Develops and adjusts pricing recommendations based on real-time market trends using the LRO system.
Monitors and interprets competitive rent data and economic trends to ensure optimized pricing strategies.
Analyzes performance data to assess the impact of pricing actions and forecast future performance.
Lead a weekly pricing call for every region.
Lead a monthly renewal call for every region to include setting up pricing parameters and generating and reviewing upcoming offers.
Quarterly comp reviews, including evaluation of the setup of positioning and weights within LRO.
Acts as the primary liaison between Asset Management, Operations, and Property Management to align on pricing strategies.
Educates internal stakeholders on pricing strategy, revenue tools, and implementation guidelines.
Travels to properties as needed to support local pricing reviews and execution.
Prepares and maintains revenue management reports that support operational and strategic decision-making.
Assists in the creation of annual and quarterly revenue budgets and forecasts.
Generates Quarterly and Annual Revenue Reporting Packages for internal stakeholders.