Assistant Revenue Manager (225-915)

The Assistant Revenue Manager plays a pivotal role in supporting the revenue management team to maximize a company's financial performance. The primary responsibility of this position is to analyze and implement pricing strategies that attract and retain customers, driving occupancy and average daily rate growth. This role involves collaborating closely with various departments to ensure alignment with the company's revenue strategy and objectives. The ideal candidate possesses strong analytical skills, attention to detail, and a comprehensive understanding of revenue management practices. Being able to work both independently and as part of a team is crucial in this dynamic environment. Regularly staying abreast of market trends, competitive landscape shifts, and innovative pricing techniques will be essential to succeed in this role.

Responsibilities

• Assist in the development and implementation of effective revenue strategies.
• Monitor and analyze market trends to identify opportunities for revenue growth.
• Collaborate with sales and marketing teams to align pricing with promotional activities.
• Utilize data analytics tools to forecast demand and adjust pricing models accordingly.
• Prepare detailed revenue performance reports for senior management review.
• Support the Revenue Manager in optimizing room inventory and pricing strategies.
• Participate in regular competitive analysis to maintain competitive pricing structures.
• Work with IT to enhance existing revenue management systems and processes.
• Coordinate with the reservations team to ensure pricing strategies are effectively communicated.
• Develop training materials to educate staff on basic revenue management principles.
• Stay updated with industry changes and emerging revenue management techniques.
• Assist in conducting risk assessments associated with new pricing strategies.

Requirements

• Bachelor’s degree in finance, business administration, or related field required.
• Minimum of two years of experience in revenue management or a similar role.
• Strong analytical skills and proficiency in data analysis tools and software.
• Excellent communication and interpersonal skills for cross-departmental collaboration.
• Ability to adapt quickly to changing market conditions and business needs.
• Proficiency in Microsoft Office Suite, particularly Excel, is essential.
• Experience with revenue management systems and hospitality industry preferred.