The Portfolio Manager reviews the customer's goals and develops investment strategies that will attain and support those objectives with acceptable risk. Responsible for managing, evaluating, and monitoring key or complex investment portfolios comprised of bonds, securities, and equity funds in a banking environment. Being a Portfolio Manager monitors daily investment activities to be aware of market changes. Considers legal and tax impact of investment decisions. In addition, Portfolio Manager may manage a team of portfolio manages. Requires a bachelor's degree. Typically reports to top management. Requires Chartered Financial Analyst (CFA) Level 1. Being a Portfolio Manager gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as a Portfolio Manager typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
RevDynamic Services LLC is expanding, and we are looking for a Remote Portfolio Revenue Manager
RevDynamic Services Background and Scope of Service:
RevDynamic Services is a private company that provides revenue management, sales, and operational services to its clients. We work with multiple hospitality brands including IHG®, Best Western®, Choice®, Wyndham®, and others. After more than 30 years in the hospitality industry and working with several brands, we began our private endeavor in 2020 with the goal of providing our clients the level of service we expected throughout that time. Our rapid growth is a tribute to the quality of the personalized services we provide every client to help them achieve their revenue goals.
Work from home:
This is a salaried, hybrid position. Training and periodic meetings will take place in-person, typical day-to-day will be virtual/remote. A quiet place with reliable internet service is required for the position.
What you will do:
This role will be responsible for providing revenue management services to a portfolio of hotel clients.
Job Description:
Analyze trends in inventory to include occupancy, rates, product line and strategic sales goals.
Prepare revenue management reports and information for Owners, Corporate Office, General Managers, and all related meetings.
Conduct displacement analysis of group business, as needed, to determine impact potential business will have on RevPAR.
Complete weekly booking pace reports and analysis on pace, recommending strategy changes when needed.
Analyze past and present trends and make recommendations for future strategies.
Review all tentative and definite group bookings, to ensure that they support implemented strategies.
Ensure group inventory and cut-off dates are managed according to demand.
Maintain accurate demand information in the RMS and PMS systems.
Work with General Manager and Operations Manager on oversell levels.
Review weekly and monthly sales data for the 365-day window, to include: group rate, extended stay rates, transient demand and forecasted updates.
Develop annual transient pricing. Ensure pricing is consistent in all distribution channels (CRS, GDS, OTA).
Review demand calendars, convention calendars and city event calendars to keep abreast of all demand generators.
Produce and maintain the value assessment for your competitive set.
Maintain historical data on events and performance on any promotions during demand-generating events.
Create, track and review LNR accounts.
When applicable, perform proactive and reactive Sales activities which may include account procurement and management, driving lead generation initiatives including prospecting and email marketing, performing regular sales calls, and tracking sales activities.
When applicable, respond to Online guest reviews. Maintain OTA content and promotions.
Review brand website content and make necessary content changes.
Qualifications:
Requirements:
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Problem Solving:
Equal Employment Opportunity
RevDynamic Services LLC maintains a policy of equal employment opportunity for all employees and qualified applicants for employment without regard race, color, religion, religious creed, national origin, ancestry, alienage or citizenship status, age, disability, gender, gender identity or expression, sex, sexual orientation, pregnancy status, genetic information, uniformed service or veteran status, marital status or any other characteristic protected by applicable federal, state, provincial, or local laws.
Job Type: Full-time
Pay: From $65,000.00 per year
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Work Location: In person
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