About Opendoor
At Opendoor our mission is to tilt the world in favor of homeowners and those who aim to become one. Homeownership matters. It's how people build wealth, stability, and community. It's how families put down roots, how neighborhoods strengthen, how the future gets built. We're building the modern system of homeownership giving people the freedom to buy and sell on their own terms. We’ve built an end-to-end online experience that has already helped thousands of people and we’re just getting started.
About the role
The Portfolio Management team sits at the heart of Opendoor's proprietary pricing engine. We own and shape the resale strategy across a multi-billion dollar portfolio, balancing our financial goals against real risk in one of the most complex markets in the world.
This role leads the Core book: Opendoor's cash-product inventory across every active market in the US. It is the largest and most economically material book the company owns. As Divisional Portfolio Lead, Core, you will be accountable for how that entire book performs, while leading and upleveling the team of Portfolio Managers who make the home-by-home calls.
You will sit one layer above the individual assets, running a continuous cycle of diagnosing issues in the portfolio, building action plans, and measuring the result. You will be analytically rigorous, commercially sharp, and a strong coach to a tenured team. This is a high-ownership leadership seat where everything in resale, good and bad, ultimately lands on your desk.
What You'll Do
- Own resale strategy execution for the multi-market Core cash-product book, managing clearance pace, levered gross margin, and tail-cohort exposure
- Lead and uplevel a team of roughly 9 Portfolio Managers and Senior Portfolio Managers, owning standard operating procedures, performance management, career development, onboarding, and feedback loops
- Run the diagnose, act, measure cycle on the book: identify worrisome markets, cohorts, or PMs and drive each one through to measurable improvement
- Serve as the judgment layer on asset-level pricing decisions, knowing when to deviate from budget or model recommendations and supporting the team through edge cases
- Drive sell-through alpha on the cash-product book while keeping the tail cohort within agreed risk bounds, prioritizing sell-down of higher-risk inventory in softening markets
- Bring an operator's perspective to the evolution of our resale system, models, and tooling, and feed insight back to the teams building them to improve PM efficiency and alpha
- Partner cross-functionally with Acquisition Pricing, specialist portfolio teams, Home Operations, and the broader pricing organization to keep the Core book set up to win
- Default to AI, continuously pushing how evolving AI tools can uplevel your decisions, your processes, and your team
What You'll Need
- 6+ years in portfolio management, asset management, trading, or an analogous quantitative risk-taking discipline, including 2+ years leading teams
- Strong analytical instincts and hypothesis-driven problem solving: the ability to pair intuition with data, work both top-down and bottom-up, form a thesis, find the evidence, and act on it.
- A demonstrated track record managing a portfolio through both strong and weak market regimes, including the discipline to capture limited demand when conditions are tough
- Strong people-leadership instincts, with real experience building, developing, coaching, and retaining a high-performing team, including the ability to coach on asset-level decisions
- A learning mindset that defaults to AI: you are already experimenting with the tools available to you and iterating on your own workflows, and you are excited to push that further across a team
- Excellent written and verbal communication
- Alignment with Opendoor's mission
Bonus Points
- Direct experience in residential real estate, iBuying, single-family rental, REITs, or homebuilding, particularly in resale operations or portfolio management
- Comfort with SQL or similar analytical tooling, and experience partnering with Data Science or Engineering to build software and algorithms that improve portfolio outcomes
- Experience operating in a fast-paced, high-growth, outcome-driven environment
Location
This role is based in our Phoenix, AZ office, in-person four days per week (Monday, Tuesday, Thursday, Friday). Candidates must be based within commuting distance of the office.
Skills Required
- 6+ years in portfolio management, asset management, trading, or analogous quantitative risk-taking discipline, including 2+ years leading teams
- Strong analytical instincts and hypothesis-driven problem solving
- Demonstrated track record managing a portfolio through both strong and weak market regimes
- Strong people-leadership experience building, coaching, and retaining high-performing teams
- Learning mindset that defaults to AI and experimentation with AI tools
- Excellent written and verbal communication
- Alignment with Opendoor's mission
- Based in commuting distance to Phoenix, AZ and able to work in-office four days per week
- Direct experience in residential real estate, iBuying, single-family rental, REITs, homebuilding, or resale operations/portfolio management
- Comfort with SQL or similar analytical tooling and experience partnering with Data Science or Engineering to build software/algorithms
- Experience operating in a fast-paced, high-growth, outcome-driven environment
What the Team is Saying
Opendoor Compensation & Benefits Highlights
-
Healthcare Strength — Healthcare Strength: Health coverage is described as comprehensive, including medical, dental, vision, FSA, mental‑health support, and pet insurance. This breadth signals a strong healthcare package across core and wellness elements.
-
Leave & Time Off Breadth — Leave & Time Off Breadth: Time off is characterized by an open/unlimited PTO approach with paid holidays and sick time. Utilization is generally described as generous under this structure.
-
Equity Value & Accessibility — Equity Value & Accessibility: Equity grants and an Employee Stock Purchase Plan (ESPP) are part of total rewards. These elements provide accessible ownership opportunities beyond base pay.
Opendoor Insights
What We Do
Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and confusing. It often comes with unexpected costs, the added burden of coordinating multiple third parties and the uncertainty of a transaction falling through. Our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds and talents across engineering, operations, design, operations, mortgage, finance, legal, and more to deliver strong results. More than 85,000 customers have selected us as a trusted partner in handling one of their largest financial transactions.
Why Work With Us
We’re on a mission to power life’s progress one move at a time
Gallery
Opendoor Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
