VP Ancillary Revenue

Overview

Leads and manages ancillary revenue programs, collections, and vendor contracts

Key Responsibilities

• team leadership
• data analysis
• budget planning
• lease management
• vendor management
• revenue optimization

Tasks

-Leads and oversees the ancillary team, including hiring, training, delegation, professional development, and performance management, -Develops, implements, and markets ancillary business initiatives at various properties; monitors progress and measures results to determine the value of each initiative. -This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. -Develops and manages relationships and contracts with external vendors and internal stakeholders. Negotiates contracts and ensures compliance with laws, regulations, and company policies in coordination with Legal, Accounting, and other corporate partners. -Manages the applicant screening processes and rent collections for all property operations. Develops and initiates new initiatives to optimize efficiency and effectiveness. -Prepares, monitors, and maintains the annual budget, projections, and strategic planning of all ancillary-related initiatives. -Documents, monitors, and tracks all MAA standard residential leases and addendums. Maintains the lease and addendum library for the company and updates as necessary in coordination with Legal. -Performs complex analytical calculations, trend analyses, and evaluations of controls on ancillary programs. -Develops, implements, and manages revenue generation and cost savings initiatives and programs by coordinating with local utility providers to MAA properties. -While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

Requirements

• master’s
• finance degree
• 15+ years
• advanced excel
• power bi
• leadership

What You Bring

-Master’s degree in business administration preferred. -Project management skills to plan, coordinate, implement, and evaluate short- and long-term projects. -15+ years of experience in financial planning and analysis/reporting, collections, revenue and/or asset management required. -Communicating openly and with integrity -Bachelor’s degree in finance, accounting, economics or related field required. -Proficiency with Microsoft Office applications (Word, Excel, Outlook and PowerPoint) -Technical savvy to learn and operate company and/or industry-specific applications (e.g., Yardi, Power BI, Essbase) -Ability to maintain confidentiality and maintain appropriate discretion -Business and financial acumen -Skill in applying critical thinking, analysis and problem-solving methods -Negotiation skills and knowledge of contractual terms and conditions for vendor management -Advanced Excel modeling experience preferred. -Financial modeling expertise (Returns, Risk, Payback, Cash-flow, etc.) -Advanced quantitative analytical skills (e.g., trend analysis) and attention to detail -Skill and ability to clearly and concisely communicate verbally and in writing, including delivery of presentations -Collections, revenue, and expense control program development and management expertise -Collections and/or revenue management experience preferred. -Supervisory and leadership skills to manage the performance of others, including hiring, training, coaching and counseling -This position requires the ability to occasionally lift office products and supplies, up to 20 pounds. -Supervisory management experienced required.

People Also Searched For

About Maa

-Founded in 1977 by George E. Cates, it started as a regional apartment investor and became a publicly traded REIT in 1994. -Headquartered in Germantown, Tennessee, it operates nearly 300 communities in growth regions of the Southeast, Southwest, and Mid-Atlantic. -Listed on the S&P 500, the company has expanded through significant acquisitions, including Colonial Properties (2013) and Post Properties (2016). -Its operations include full-cycle real estate activities from acquisition to property management, focusing on high-quality multifamily properties.

Sector Specialisms