Tricon Residential Inc. Tustin , CA 92680
Posted 1 month ago
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator 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. 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. In addition to the Revenue Management function this individual will be an active contributor the organization focusing on optimizing the portfolios via financial and operational measures
Responsible for developing and executing pricing strategies, lease expiration management, concessions to maximize revenue for large portfolio of institutional single family, community and multifamily portfolios
Oversee daily pricing recommendations, weekly pricing calls, credit screening parameters, renewal offer strategy, all within the companies pricing and revenue platform
Evaluates property performance versus submarket and suggests corrective actions for poorer performing communities or assets
Develops analyses for anything related to demand forecasting, demand management or pricing activities (e.g. credit risk assessment, amenities, market segmentation, customer price sensitivities, pricing strategies and tactics, bundling or unbundling of products and services, etc.)
Assist with enhancement and management of the revenue management pricing model and program
Compiles market analysis information and trends to make informed recommendations to management
Analyze, manage and drive 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 with all levels including Senior Management
Knowledge of Business Intelligence solutions such as Microsoft Power BI or Tableau preferred
queries, graphing, PowerPoint, etc. 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
Five to eight 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
At Tricon Residential, we know that the best ideas happen when people bring their uniqueness to work with them. Inclusion is an integral part of how we leverage that uniqueness into our Company. Supporting Diversity, Inclusion and Belonging is not only the right thing to do; it is the right thing to do for our business.
Salary Range
Placement within this compensation range will be determined by the candidate's knowledge, experience and skills.
$94,050.00 - $156,750.00
Tricon Residential Inc.