VP - Revenue Management

Job Locations US-IL-Chicago

LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 300 Class A and B properties comprising more than 100,000 units in markets across the United States.

Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people – and places – better than we found them.

Whew! Still with us? Cool. Let’s talk about where you’d fit in:

The VP of Revenue Management will be responsible for leading LivCor’s portfolio pricing strategy extending from pre-acquisition analysis of rents through to the ongoing optimization of amenities, fees, and rentable items.  The VP will align closely with Asset Management, Marketing, and FP&A to outperform competitive benchmarks through the merger of analytics and operational expertise.  This is a newly developed role designed to enhance the capabilities of the organization in this critical space and to support portfolio growth. 

 

Only read further if you are:

  • Kind
  • Humble
  • Honest
  • Relentless
  • Smart with Heart

You should be:

  • Authentic. You do you. Together, we’ll do something amazing.
  • A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success.
  • An excellent team player who enjoys working with others and has strong interpersonal skills.
  • Highly motivatedenergetic, and organized
  • Gumby. Things change.

What you will do:

  • Direct oversight of an industry-leading Revenue Management team and platform.
    • LivCor operates the YieldStar platform today in conjunction with a benchmarking tool.
    • Revenue Management also oversees amenity optimization, rentable items, fees, affordable programs, and state-of-emergency audits.
  • Seek out new ways to generate value creation.
  • Focus on establishing relationships with top Operators committed to improving operations and industry standards and practices.
  • Partner closely with technology vendors and industry peers to influence product roadmaps in alignment with LivCor goals.
  • Expand leadership capabilities of direct reports and their teams.
  • Support the development of the internal culture and external brand.
  • Effectively and objectively communicate with internal and external stakeholders.
  • Analyze key metrics reporting and use information as a basis to uncover and resolve business issues and opportunities.
  • Provide guidance on the optimal strategy and focus to effectively manage portfolio occupancy and revenue goals.
  • Partner with FP&A team for financial review and budget preparation – balancing market data/analysis with the unique drivers of portfolio performance.
  • Visit properties and management companies on an as-needed basis to build relationships and fully understand operating environment.
  • Develop and implement strategies for cross functional collaboration, communication and continuous improvement – including innovative ways to leverage the internal data ecosystem.
  • Divide time between the long-view and urgent matters. Expect new issues on a weekly basis and respond with energy, collaboration and urgency.
  • Always represent LivCor in a professional manner. Act in a respectful and humble manner with partners, co-workers and general public.
  • Excel in a fast-paced environment with constant change.  Adapt, perform and invite additional job responsibilities as LivCor develops.

What you should have:

Bachelor’s degree in economics, business, data science, or related field preferred.  Eight (8) to Twelve (12) years of multifamily related experience is required.  The right candidate will be an industry subject matter expert with significant leadership experience in the following:

  • Development and oversight of a team of revenue managers overseeing YieldStar or LRO
  • Presenting performance and forecasts to an executive audience; experience with REIT or institutional investment firms preferred
  • Cultivating strong, agile partnerships that foster the professional development of colleagues.
  • Expert on industry trends, technology and systems.
  • Direct subject matter experience in market trends and multifamily fundamentals.
  • Strong written and verbal communication skills – including formal presentations.
  • Ability to travel up to 25%

 

What we offer:

We know that if we take care of our team everything else will fall into place. We aren’t perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to help you get where you want to go.

 

Our culture and values matter to us. A lot. We’re definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn’t be rocket science in workplaces, but for some reason it still is? We’re absolutely determined to be different, and we think we’re doing a pretty good job at it. We have a CEO who makes fun of himself, and who will encourage you to tell him when he is wrong. In fact, he needs people to – we all do. Supportive challenge is good, it’s how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn’t at the end of this paragraph because it’s an afterthought. It’s SO important to us we want it to stand out.

 

Right. On to the technical stuff that we know matters to you. We offer competitive pay that is commensurate with the market and relevant experience, and a full slate of benefits that even includes things like paid parental leave.

  

If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don’t like. So whatever you do, don’t make that mistake.

 

The LivCorian Values

  1. Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
  2. Care, Always. We don’t want to let anyone down.
  3. Courageously Curious. We love to learn, even when it hurts.
  4. Help Others Win, Be A Good Neighbor. This is about ‘We, not Me.’
  5. Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.

 

A few of the people you will work with:

EEO Statement

Our company is proud to be an equal opportunity employerWe celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

 

#LI-AH1

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