Tricon Residential is an owner and operator of a growing portfolio of more than 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit Tricon Residential.
Job Description
As a member of the Asset Management & Investments department this individual will be join the Revenue Management Group working on Tricon Residential’s growing single family home and multifamily portfolios. The Revenue Associate will support the optimization of portfolios via financial and operational measures, under the guidance of senior team members.
Essential Duties and Responsibilities include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel.
- Analyze and execute pricing strategies, lease expiration management, concessions to maximize revenue for portfolio of institutional single family, community and multifamily portfolios
- Review daily new pricing recommendations, establish renewal strategies and generate offers, and conduct weekly pricing calls, all within the company’s pricing and revenue platform
- Compiles market analysis information and trends to make informed recommendations to management
- Evaluates property performance versus submarket and suggests corrective actions for poorer performing communities or assets
- Support the development of analyses related to demand forecasting, pricing activities, and market segmentation
- Assist with enhancement and management of the revenue management pricing model and program
- Analyze and manage KPIs around revenue growth optimization
- Supports development and/or modification of training materials for PRM tools
- Develop and present recommendations to management or other internal teams
- Work closely with the revenue management department on a regular basis on pricing, renewals, and other revenue initiatives analyses or projects
- May require approximately 10-20% travel to markets
Qualifications:
- Comfortable creating financial analyses and PowerPoint presentations to support findings and recommendations effectively
- Basic knowledge of Business Intelligence solutions such as Microsoft Power BI or Tableau preferred
- Knowledge of YARDI accounting platform preferred
- Tolerance for ambiguity of early change management situations
- Demonstrate and support the organization's ethics and values and foster teamwork
- Ability to work well with others in a fast paced, dynamic environment, and flexibility to adapt to changing priorities
Minimum Requirements:
- BA/BS degree in finance, real estate, or related field with strong record of academic achievement
- Experience with LRO/Yieldstar/AIRM Pricing and Revenue Management software is preferred
- One to three years of Revenue Management or pricing experience. Relevant experience may include residential real estate, multi-family and/or hospitality operations, economics and other applications of revenue/yield management principles from other industries
- Strong analytical background and ability to learn new systems quickly
- Excellent communication skills, both written and verbal
- Proficiency with data and analytical presentation tools such as Excel pivot tables, database queries, graphing, PowerPoint, etc. preferred
At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.
Salary Range
Placement within this compensation range will be determined by the candidate's knowledge, experience and skills.
$83,920.00 - $139,860.00
Top Skills
What We Do
At Tricon Residential, we imagine a world where housing unlocks life’s potential.
Tricon Residential is an owner and operator and developer of a growing portfolio of more than 36,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage.
