Revenue Manager

Magnolia Capital•Chicago, IL

23h•Onsite

About The Position

We are seeking a strategic, analytical, and detail-oriented Revenue Manager to join our real estate team. This individual will be responsible for maximizing revenue performance across a portfolio of residential properties by developing and executing pricing strategies, monitoring market trends, and collaborating with property management, marketing, and asset management teams. The ideal candidate will have a strong background in revenue management, data analysis, and the real estate industry. The position is based out of Magnolia Capital's HQ in Chicago, IL.

Requirements

Bachelor’s degree in Finance, Business, Real Estate, Economics, or related field
Revenue Manager certification
3+ years of experience in revenue management, financial analysis, or asset management within real estate (multifamily) required
Proficiency with revenue management software (e.g., LRO, YieldStar, ARIM, Revenue IQ) and property management systems (e.g., Yardi, RealPage).
Strong analytical and quantitative skills with proficiency in Excel, Power BI, or Tableau.
Excellent communication and interpersonal skills, with the ability to present complex data clearly.
Strategic thinker with strong business acumen and attention to detail.

Responsibilities

Develop and implement dynamic pricing strategies to optimize rental income and occupancy levels.
Monitor market conditions, competitor pricing, and economic trends to guide revenue decisions.
Use revenue management systems (e.g., AIRM, or other BI tools) to adjust pricing based on demand and supply indicators.
Conduct weekly/monthly revenue performance reviews with property and asset management teams.
Forecast rent growth, revenue performance, and occupancy across the portfolio.
Partner with marketing teams to ensure pricing aligns with leasing strategies and brand positioning.
Provide recommendations for rent concessions, lease terms, renewal strategies, amenity audits and other revenue levers.
Identify revenue-enhancing opportunities, including ancillary income streams.
Collaborate on annual budget planning, operating forecasts, and investor reporting.
Provide ad hoc analyses to support acquisitions, dispositions, and development underwriting.