Job Description

Job Description

Job Description

Description:

NexPoint Advisors, LP (“NexPoint”) is a real estate investment platform comprised of subsidiary investment advisors and sponsors, a broker-dealer, and a suite of related investment vehicles. The NexPoint real estate team has completed billions of dollars of gross real estate transactions since 2013. NexPoint’s investment team has a combined 70 years of investment experience with some of the world’s most sophisticated institutions and investors and has invested in the following real estate asset classes:

• Multifamily
• Self-storage
• Industrial
• Hospitality
• Single family rental
• Life Sciences
• Retail
• Office

NexPoint currently manages a suite of publicly traded REITs, private REITs, and other funds whose combined underlying gross real estate asset values are approximately $17.2 billion. We anticipate continued strong growth in the real estate platform and are looking for intelligent, motivated and hardworking candidates that want to be part of an exciting, fast paced team of real estate professionals.

NexPoint is looking for a Revenue Manager that will be responsible for the implementation and daily oversight of revenue management programs at a large-scale multifamily portfolio of more than 24,000 units. Opportunity for additional asset management and investment underwriting opportunity available upon demonstrated command of revenue management functions.

• Develop and execute detailed revenue management program implementation plans.
• Establish review and acceptance protocols for rate recommendations for both site teams and pricing model.
• Ongoing review of new lease and renewal parameters, amenity values, lease terms, competitor data and other optional parameters.
• Evaluates properties’ rental revenue performance against financial objections and works with Management to address variances. Executes pricing strategies to enhance revenue.
• Monitor adoption and compliance.
• Analyze market trends and competitor performance. Develop and maintain benchmarking capabilities against both internal and external sources.
• Conduct competitor property and submarket analysis, including “shopping” the competition.
• Identify and implement revenue management best practices.
• Innovate new processes that help drive revenue performance.
• Develop daily, weekly, monthly and ad hoc reporting as needed. Perform operational data mining and analysis.
• Communicate with Vice Presidents, Asset Managers, Community and Regional Managers regarding pricing changes, renewal rates and proposed property adjustments.
• Prepare agendas and facilitate internal/external meetings.
• Be proficient and knowledgeable on all software programs used in the leasing process at the communities and coach community employees to effectively use the systems and tools.
• Conduct troubleshooting and problem resolution.
• Create and conduct training for Management and site teams on revenue management
• Strong planning and organizational skills.
• Required Travel <25%

Qualifications

• Bachelor's degree from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
• 2+ years’ Multifamily industry experience (Property Manager, Asset Manager, Operations)
• 2+ years’ experiencing using Revenue Management pricing models (AIRM, Yieldstar, RentMaximizer)
• In-depth knowledge of relevant property management software (Yardi, ResMan, Realpage)
• Strong Accounting and Finance knowledge
• Critical thinking skills and ability to prioritize and multitask in a fast-paced environment

Compensation & Benefits

NexPoint offers a competitive base salary and bonus based on experience and performance. NexPoint offers a generous benefits package that includes an industry leading health insurance plan with no employee premiums or deductibles and a 401(k) plan with employer match. NexPoint’s talented professionals share a passion for excellence, commitment to teamwork, and pride based on the firm’s track record in the alternative investment industry. NexPoint is an Equal Opportunity Employer.

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