Revenue Manager

Tricon Residential; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading company in rental housing seeks a Revenue Manager in Toronto. The role involves optimizing revenue for multi-family properties through market analysis and pricing strategies. Candidates should have strong analytical skills and relevant experience in revenue management.

Qualifications

• Five to eight years of Revenue Management or pricing experience.
• Strong analytical background and ability to learn new systems quickly.

Responsibilities

• Develop and execute pricing strategies for multi-family properties.
• Analyze market trends and occupancy metrics to optimize revenue.
• Collaborate with cross-functional teams to drive revenue performance.

Skills

Analytical Skills

Communication

Teamwork

Education

Undergraduate degree in finance

Undergraduate degree in real estate

Tools

Excel

Power BI

Tableau

Job description

Founded in 1988, and headquartered in Toronto, Tricon Residential is one of North America’s preeminent rental housing providers.

Tricon was one of the first movers to enter Toronto’s purpose-built rental apartment sector with scale in 2016 and is developing the highest quality multi-family portfolio in North America’s fastest growing city. Tricon is the leader and most active developer in the marketplace with a 6,000+ pipeline of new units. At Tricon, we are reimagining rental living – Tricon properties are concentrated in prime downtown Toronto locations, and are defined by design excellence, signature resort-quality amenities, exceptional customer service, and lifestyle programming that fosters connections and builds community. To learn more, please visit: Tricon Residential Toronto

Job Description

The Revenue Manager (Canada Multi Family) is part of the Asset Management team and focuses on a scaling portfolio of Class A multi-family properties in Toronto, Ontario. This role is responsible for optimizing revenue performance across the portfolio by analyzing market trends, pricing and leasing strategies, and occupancy metrics. The Revenue Manager collaborates cross-functionally with the Operations, Marketing, and Asset Management teams to drive overall revenue performance, improve asset value, and support long-term investment objectives. This position plays a key role in maximizing NOI and delivering best-in-class performance across Tricon’s market-leading multi-family assets.

Essential Duties and Responsibilities:

• Responsible for developing and executing pricing strategies, lease expiration management, and concessions to maximize revenue for a growing portfolio of institutional quality multi-family properties in Toronto, Ontario.

• Oversee daily pricing recommendations, weekly revenue management calls, and renewal offer strategy, within the companies pricing and revenue platform.

• Evaluates property performance versus market and submarket competitive set and suggests proactive strategies and specific action items to maximize revenue at all sites.

• Develop analyses related to demand forecasting, demand management and pricing activities (e.g. 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 and inventory management 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 leasing and property management team.

• Develop and present recommendations to management or other internal teams.

• Work closely with the asset management and leasing leads on pricing, renewals, and other revenue initiatives analyses or projects

• May require periodic travel.

Qualifications:

• Comfortable creating financial analyses and PowerPoint presentations to support findings and recommendations effectively with all levels, including Senior Management.

• 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.

• Strong analytical background and ability to learn new systems quickly.

• Excellent communication skills both written and verbal.

Minimum Requirements:

• Undergraduate degree in finance, real estate, or related field with strong record of academic achievement.

• 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.

• Proficiency with data and analytical presentation tools such as Excel, pivot tables, databases.

Preferred Attributes:

• Experience with revenue management software.

• Knowledge of Business Intelligence solutions such as Microsoft Power BI or Tableau.

• Queries, graphing, PowerPoint, etc.

• Knowledge of Yardi accounting and property management platform.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

• Frequently required to sit, talk, and hear.

• Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch.

• Occasionally lift, carry, and move up to 10 pounds.

• Vision abilities required by this job include close vision, distance vision, and depth perception.

We are committed to fostering an inclusive and accessible recruitment process. If you require accommodations at any stage of the hiring process, please let us know, and we will work with you to meet your needs.

Tricon Residential Inc. is an owner, operator and developer of a portfolio of approximately 38,000 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.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.