Revenue Management Analyst

As part of the Financial Planning and Analysis Department, the Revenue Management Analyst is required to be an expert on the firm's revenue management systems, strategies, and related pricing procedures. This role will ensure that proper system settings are being applied by continuously monitoring ongoing revenue performance results, identifying, and reporting any issues to the Director of Financial Planning and Analysis, and supporting the residential property management team in the daily application of the revenue management strategies. This individual will act as a proactive advisor to the site operations and management teams for all pricing systems implementation and ongoing support concerning revenue strategies to improve financial performance. The Revenue Management Analyst will also be responsible for training Regional Property Managers and their site team members on all tasks relating to revenue management. This role will not have supervisory responsibilities and will work intimately with the Residential Department.

Primary Responsibilities*

• Assist in the planning, implementation, and ongoing maintenance of the daily pricing system for the residential portfolio. This includes researching, evaluating, maintaining, and recommending changes as related to all components of apartment pricing strategies
• Review daily pricing results generated by the firm's revenue management system and work with Regional Property Managers and on-site managers to resolve pricing related questions
• Compile and distribute weekly summary reports outlining portfolio availability and leasing performance
• Compile monthly performance analysis for senior management outlining revenue growth results, operational leasing velocity, and overall market conditions
• Based on feedback provided by Regional Managers and site team, evaluate the in-place market competitors on a quarterly or otherwise as-needed basis to ensure each asset has accurate and up-to-date competitors listed on market survey reports
• Develop expertise on local market nuances
• Assist in evaluating renewal and lease expiration strategies based on market seasonality and overall asset health
• Monitor and evaluate the generation and distribution of rent quotes to field staff and as generated by the revenue management system
• Monitor long standing vacant apartments and collaborate with on-site staff to identify and resolve any potential pricing concerns
• On a bi-weekly basis, audit data results generated by the on-site staff which directly impact daily market rents such as apartment make ready dates and system market surveys
• Assist management and on-site team to resolve technical issues which may occur in the pricing system and/or any interdependent systems related to apartment pricing
• Lead training efforts relating to revenue management concepts and pricing systems
• All other duties as assigned or requested
• Build and maintain positive relationships with team members at all levels
• Excellent attendance is required to perform the essential functions of this position

*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job, as described above.

Knowledge, Skills, and Abilities

• Strong analytical and problem-solving skills
• Ability to work with large amounts of data
• Detail-oriented
• Strong time management and organizational skills
• Ability to work in a fast-paced, multi-entity environment
• Ability to multi-task and follow through
• Ability to work under pressure
• Excellent communication (oral and written)
• Ability to work effectively as a team contributor on applicable assignments
• Ability to respond to others' needs in a timely and courteous manner
• Other duties as assigned

Required Education and Experience

• Bachelor's in Business, Real Estate, Finance, or related field OR five+ years' experience in the multifamily Revenue Management discipline
• Intimate knowledge of DC Rent Control Regulations

Preferences

• Two years' experience as a Revenue Analyst or similar role
• Two or more years' experience using Yardi Voyager or similar property management software
• Two or more years' experience using RENTmaximizer or similar revenue management software
• Advanced skills using Microsoft Excel

Company Conformance Statements

In performing their respective duties, all employees are expected to conform to the following:

• Perform quality work within deadlines
• Interact professionally with other employees, management, residents, vendors and others
• Maintain a neat, clean and professional appearance
• Work independently while understanding the need for communicating and coordinating work efforts with others

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copiers, filing cabinets and fax machines.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required of the employee for the successful performance of this job. Duties, responsibilities, and activities may change at any time with or without notice.

Bernstein is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.