Job Location: Orange, CA
City
Irvine
State
California
Job Location
Irvine Regional Office (Derian)
Our associates are offered competitive salaries, experience career growth, and are eligible for benefit packages that include medical, dental, vision, 401k employer match, excellence rewards, wellness programs and much more. With our Sunday property operations office closures and over 15 PTO days, work/life balance is a priority! Additionally most positions are eligible for a housing discount of 20% or more if you live onsite.
Essex provides great communities in which to live, work and invest. We are a purpose-driven company, and we pride ourselves on promoting an internal culture of growth and opportunity by engaging, enabling and empowering our teams. We are a team of nearly 1,800 employees who come together every day to provide exceptional experiences for our residents.
The Analyst, Revenue Management is responsible for analyzing data that supports the development, implementation and execution of strategies and tactics to maximize our revenue stream. This role will entail helping our teams gather, analyze and evaluate data to tease out opportunities to drive revenue growth through a proper balance of occupancy and price across all customer segments. In conjunction with inter-departmental stakeholders, the Analyst will also assist with administering existing Revenue Management practices as well as developing alternative processes and tools to accommodate evolving business needs. A successful candidate will possess the ability to translate complex data into straightforward explanations and have the data visualization skills to supplement the narrative.
Though Apartment industry experience is not required, direct (or similar) experience is a plus. This position offers an opportunity to contribute in an exciting, fast-paced company, and to be part of a growing organization. This location will be based out of the Irvine office.
Essential Job Functions:
- Effectively analyze operational metrics, historical trends and relevant market data that impact property performance to determine pricing strategies for both new lease and renewal transactions for a 15,000 unit portfolio across California and Washington state (total company wide portfolio of 60,000+).
- Utilize reporting and monitor KPIs to prioritize properties and floorplans to focus on, optimize pricing, and achieve target occupancy rates.
- Set appropriate pricing strategy including base rent and concessions at the property level and evaluate system compliance.
- Develop and disseminate analysis to internal stakeholders on pricing areas to include, but not limited to, customer segments, product segments, lease types, competitive activity, distribution channel performance, and system parameters.
- Create and monitor exception-based reports to improve visibility on when we are operating outside of the prescribed guardrails, isolate opportunities, and/or minimize revenue leakage.
- Proactively monitor key performance indicators and benchmarks to identify market, geographic, competitive, and overall business trends that warrant deeper analysis and advise stakeholders of potential effects/outcomes.
- Maintain and advance departmental data analysis tools, reports and resources.
- Support cross-functional projects related to revenue initiatives, product oversight, and/or operational efficiencies by ensuring consistent tracking and measurement of results.
- Contribute to new revenue opportunities, developing ad-hoc analysis to support growth strategies and pilot concepts.
- Actively track industry and consumer trends, competitive moves and other industry-related news.
- Identify areas of opportunity for revenue generation.
- Provide regular reporting regarding revenue trends and metrics related to the revenue management program and benchmark internal performance to competitive peer group by submarket. Assist with ad hoc reporting requests as needed.
Qualifications:
- 2+ years of experience in Business-based Analytics, Corporate Strategy, Management Consulting, Revenue Management, or related industries; experience and interest in multi-family housing is preferred but not required
- BA/BS degree in Economics, Finance, Business or other quantitative focus; MBA a plus
- Results oriented with exceptional communication and analytical skills.
- Experienced with leveraging medium to large data sets and able to determine appropriate data elements and structure to draw insights and create meaningful analyses that are actionable.
- Ability to think critically and creatively, drawing from both professional and personal experiences to bring new ideas to the table and not merely executing tasks as directed.
- Both self-motivated and team-oriented with the ability to work collaboratively across functions, departments and with various levels of the organization
- Intellectually curious with a passion for consumer data.
- Familiar with revenue management concepts, tactics and processes
- Expert user of Excel with basic knowledge of VBA, experience in Tableau and Power BI a plus.
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