Pricing Analyst

Marketing & Leasing Charleston, South Carolina


Description

Pricing Analyst

Job Summary

  • The Pricing Analyst’s role is to analyze competitor pricing and compare our current pricing models and outcomes of different pricing strategies. This role will be looked upon to increase our business’s competitiveness and profitability as it relates to pricing.
  • Reports to Director of Pricing.

Key Accountabilities and Activities

Pricing  

  • Access data from a variety of sources to gain insights into pricing strategies and market trends.
  • Track customer engagement to develop effective pricing strategies for optimized rents.
  • Collaborate with leasing, marketing, acquisitions, and local markets on developing and implementing competitive pricing strategies
  • Provide feedback on current pricing tools to adjust to the changing market needs and trends.
  • Keep informed on pricing analysis methods and industry trends.
  • Review long day on market homes and provide best rent strategies to move the home.
  • Track, monitor, and adjust pricing (with management approval) on homes within a 7- day cycle to prevent long day on-market homes.

New Rent Growth            

  • Ensure we are constantly driving rents across assigned markets to meet the demands of the industry.
  • Conduct market studies and provide feedback in build-to-rent areas where we have a presence to maximize return on investment.
  • Analyze new rent growth to establish and execute consistent growth quarter over quarter.
  • Partner close with the Director of Pricing ensuring alignment on all market pricing strategies while maintaining open feedback look to support the continual development of new strategies and best practices that will support sustained regional revenue growth.
  • Offer data for comparable estimated rents before the acquisition’s bid is finalized of achievable rents.

Renewal Rent Growth    

  • Achieve 7% renewal rent increases or higher
  • Study renewal rent trends to know where/how to enhance rents across appropriate markets.
  • Effectively price renewals 90,60,30 days out from lease expiration.

Education and Experience:

  • Excellent analytical and communication skills
  • Degree or relative experience in mathematics, statistics, finance, economics, or related field.
  • Minimum of 3 years’ experience as a pricing analyst
  • Ability to keep abreast of industry trends and develop dynamic pricing strategies
  • Competence to present pricing analysis reports
  • Experience in Multi-Family or Single-Family Rental (SFR) industry

Equal Opportunity Employer