Pricing Analyst

Chicago, IL, United States

Job Description

Working for Equity Residential means being part of a community - employees and residents - striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we live and work. We've got the best people in the business, and our experience shows in our dedication to our residents and in how much we value each other as colleagues.

We are currently seeking a creative, organized, and analytical Pricing Analyst to join the Pricing team in our Chicago office (preferred). Under the supervision of the VP Revenue & Business Intelligence, you will be responsible for maximizing revenue for new lease, renewal, and other income streams via the effective use of LRO, AIRM, MRI or any other approved pricing or property management systems. This position builds and fosters cross collaborative relationships with the Property Management, Investments, Marketing, and Sales teams in order to develop strategies, programs, and systems for revenue generation.

WHO YOU ARE:

Organized, Flexible, and Adaptable. You have a keen eye for detail and pride yourself on delivering quality work. You multitask well, re-prioritize accordingly, and meet deadlines consistently.You keep your cool during stressful situations, remain resilient, and quickly find solutions in order to meet the changing needs and priorities of the business.

A Collaborator and Trusted Team Player. You enjoy partnering with others -whether internal or external- and build constructive working relationships that foster cooperation in order to get work done and deliver great results. You are united with teammates and follow through on commitments.

Creative. You like thinking outside the box to come up with smart solutions to new challenges, and you embrace the opportunity to live in the gray.

A Strong Communicator. Your writing and speaking skills are clear and effective, helping you connect well with others. Through your past experience, you've also built skills that help you effectively persuade and gain the support of others.

Motivated. You invest extra energy to reach your goals.

Energetic and Positive. You are an outgoing, gregarious brand ambassador who motivates and excites others to elevate their performance.

Analytical Thinker. You possessstrong analytical skills with the ability to produce and analyze financial and property data.

WHAT YOU'LL DO:

Work collaboratively across many departments and functions to execute a strategic plan that maximizes value and enhances returns for every asset within the portfolio.

Partner with the Director of Revenue Management to develop long and short-term pricing and revenue management strategies to maximize revenue opportunities.

Oversee pricing and revenue management for all assigned properties.

Leverages multifamily revenue optimization software (LRO, AIRM) to execute new and renewal lease pricing.

Communicates and coordinates with the VP of Revenue Management, Director of Revenue Management, Regional Managers and staff, and VP's of Property Management to understand trends and needs.

Ensures accurate competitive pricing inputs to pricing model and analyzes competitive pricing strategies to formulate an appropriate competitive response.

Manages pricing system upgrades to revenue team and properties as necessary.

Participates in pricing report design and user acceptance testing process associated with the development of new enhancements to the property management and pricing system.

Travels, as necessary to understand pricing, teach pricing at properties and regions, and to review competitive practices.

REQUIREMENTS

Bachelor's degree in Finance, Economics, Marketing, or related field required.

0-3 years experience in pricing, revenue management, analytical marketing, or finance.

Understanding of revenue and pricing management concepts. Strong business judgment.

Strong analytical skills with the ability to evaluate financial and property data.

Excellent communication skills, including written, verbal and presentation skills, as well as the ability to plan, organize, be responsive to inquiries, and work independently as well as in teams.

Strong organizational skills and a keen eye for detail.

Must be comfortable working autonomously and multi-tasking in a fast paced environment with changing deadlines.

Proficiency with Microsoft Excel and Google Applications.

About Us

Working for Equity Residential (EQR), a leading multi-family real estate investment trust (REIT), means living our purpose: creating communities where people thrive. It means striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we work together.

Our portfolio of high-quality properties in urban growth markets - New York City, Boston, Washington DC, Seattle, San Francisco, Southern California, and Denver - provides homes where people most want to live, work and play. We've got the best people in the business, as evidenced by our employee engagement scores and customer loyalty ratings. That's why our employees say they are proud to work at Equity, a company that gives our residents a place where they can Live Remarkably, and offers a culture where our employees have the opportunity to thrive.

Equity Rewards

When you join Equity Residential, you won't be treated as simply another employee - you will be considered a partner in our shared success. As such, we are committed to investing in your personal success through a benefits program that supports your Total Wellbeing.

We recognize that everyone has different needs outside of work. That's why, in addition to a competitive benefits package (medical, dental, vision and paid time off), we offer many unique benefits options to employees, like a comprehensive wellness program, pet insurance, new parent benefits, and paid time off for community service projects. In addition to your next job, you can also find your next home with us! Rent discounts on Equity Residential apartment homes are available to our benefits-eligible employees. The amount of the discount offered is determined based on the market, ranging upwards from 20%. Learn more about our Total Wellbeing program here.

Equity Values

At Equity Residential, like our residents, our employees come from everywhere. A richly diverse work environment captures top talent, cultivates the best ideas, and creates the widest possible platform for success. By focusing on inclusion, these differences are harnessed to create value - in ideas, business practices, relationships, and employee engagement. As an Equal Opportunity Employer, we are committed to maintaining a diverse, inclusive and equitable work environment where our employees can thrive.

All aspects of the employment process are merit-based. Every Equity employee is expected to maintain a work environment that is free from discrimination and harassment. Equity Residential does not discriminate against any employee or job applicant because of race, religion, color, creed, sex, sexual orientation, gender, sexual/gender identity/expression, age, pregnancy (including childbirth, lactation or related medical conditions), physical or mental disability, national origin, citizenship status, military (including uniformed service member or protected veteran) status, marital status, genetic characteristic or information, ancestry or any other characteristic protected by law. Equity Residential also prohibits retaliation against individuals who report harassment or discrimination, or participate in investigations into such conduct.

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