Revenue Manager - 12 months FTC

This position is responsible for the execution of revenue management processes and strategies that meet the company's mission and standards and focus on continuous improvement, supporting the RMS Senior Leadership team to drive growth and results across the multi-brand portfolio.

Responsible for coordinating the revenue management functions (pricing, forecasting, competitive assessments, etc. as identified in assigned Core Deliverables) and inventory strategy for hotels supported by the RMS Team. Ensure hotels are priced appropriately and that inventory is allocated and restricted properly to ensure that revenue and profit are maximized. Takes the lead in deployment of key MI initiatives and system changes and works to execute market-wide strategies or promotions by specific deadlines. Provides revenue management functional expertise to designated hotels. Location requirements: Contracted from London Regional Office however is a field-based role and therefore supports 100% remote working. 

• →Responsible for coordinating the revenue management functions and inventory strategy for hotels across all brands, in alignment with agreed core deliverables.
• →Perform a range of tasks pertaining to the RM strategy of the hotel: training, analysis, auditing, research, report generation and software integration, including the preparation and initial analysis of weekly sales strategy packs.
• →Respond to, solve and make decisions on standard/routine business requests with limited risk.
• →Responsible for own work, with limited supervision following onboarding period, and contributing to team, department and/or business results.
• →Assist more senior associates in achieving business results by:
  - Utilizing technical knowledge and skills to enhance business processes.
  - Establishing priorities for self, and where appropriate, others.
  - Allocating own time effectively to meet goals in a manner that does not disadvantage other associates or
  groups.
  - Producing reports in response to internal and external requests for data.
• →Demonstrate an awareness of personal strengths and areas for improvement and act independently to improve and increase skills and knowledge.
• →Perform other duties as appropriate to the business.
• →Understand and deliver against MI revenue management initiatives and philosophies at all times.
• →Communicates and educates hotels on rational pricing, competitive positioning and restrictions and the impact that they may have on the hotels' revenue strategies, whilst managing room authorizations, rates and restrictions.
• →Effectively communicates brand specific revenue management philosophies as they pertain to One Yield recommended strategies.
• →Utilizes Marriott's revenue management systems and tools to maximise revenue and profit for both transient and group segments, as required by the agreed Core Deliverables.
• →Prepares sales strategy meeting agenda and supporting documentation.
• →Conducts Sales Strategy meetings with General Manager and key property staff to educate and evaluate pricing and inventory strategies. Develops and implements strategies with the General Manager that will maintain and/or increase the hotel's RevPAR.
• →Analyzes competitive performance using market share tools and shares recommendations for improvement with hotel teams.
• →Conducts remote system diagnostics audits and provide consistent recommendations.
• →Delivers training to various team members at contracted properties, ensuring hotel responsibilities are clear and
  manageable.
• →Executes pricing through High Performance Pricing, to include promotions, programs, and packages. Ensures compliance and participation in company promotions and digital channels, completing set up in HPP and eFast.
• →Ensures retail rates are evaluated through One Yield's Retail pricing Optimizer and updated based on changes in demand, product, or competitive positioning.
• →Ensures retail price parity is executed across all booking channels and ensure that the Hotel(s) sales strategies are effectively implemented in the reservation system and the inventory systems in a timely manner.
• →Ensures that technical questions relating to reservations and property management systems are escalated to the correct support desk in a timely manner. Assists hotels with pricing and provides input on business evaluation recommendations, if required in the assigned core deliverables. 
• →Perform ad-hoc revenue tasks and analysis as directed by RMS Senior Leadership team.
• →Leads efforts to coordinate strategies between group sales offices, if required in the assigned core deliverables.
• →Conducts any analysis required to maximize room revenue and profit, in line with agreed service deliverables.
• →Analyzes reports and available information to make long-term pricing recommendations with brand initiatives as a key focus.
• →Critiques property performance weekly/monthly for Transient & Group segments for assigned hotel(s).
• →Prepares, communicates, and critiques weekly and monthly rooms projections, in line with agreed service deliverables.
• →Responsible for accurate execution of inventory management tasks.
• →Uses demand forecast and relevant data points to determine, implement and control selling strategies.
• →Drives compliance and participation in company promotions and digital channels.

• 2-year degree from an accredited university in Business Administration, Finance and Accounting, Economics, Hotel and Restaurant Management, or related major. 
• 3 years' experience in the revenue management discipline.

• Adaptability - Determines how change impacts self and others; displays flexibility in adjusting priorities; and communicates both the reasons for change and how it impacts the workplace.
• Communication - Customizes approach to conveying complex information and ideas to others in a convincing and engaging manner; appropriately interprets verbal and non-verbal behavior; and models active listening to ensure understanding.
• Problem Solving and Decision Making - Models and coaches others on breaking complex issues into manageable parts, identifying and evaluating alternatives and their implications before making decisions, and involving and gaining agreement from others when making key decisions.
• Professional Demeanor - Exhibits behavioral styles that convey confidence and command respect from others; makes a good first impression and represents the company in alignment with its values.

• Applied Learning - Seeks and makes the most of learning opportunities to improve performance of self and/or others.
• Business Acumen - Understands and utilizes business information to manage everyday operations and generate innovative solutions to approach team, business, and administrative challenges.
• Technical Acumen - Understands and utilizes professional skills and knowledge in a specific functional area to conduct and manage everyday business operations and generate innovative solutions to approach function-specific work challenges
• Revenue Management - Knowledge of revenue management concepts, processes and strategies such as average daily rate, revenue per available room, sales cycles and trends, account management, pricing and inventory management. Skill in using a Yield Management system and interpreting pricing and inventory reports.
• Analysis - The ability to analyze and summarize detailed data to make inferences and recommendations. Included is the creation and maintenance of spreadsheets for storing data.
• Research - Skill in collecting information from a variety of sources relating to market data, historical cycles, travel and tourism trends, and real estate market dynamics. The ability to know when to seek additional information and where to look to find it.
• Inventory Management - The ability to manage rooms and function space restrictions and thresholds using systems or manually in order to maximize revenue/profit across all segments.
• Computer Skills - The willingness to learn and ability to use computer systems and software packages to input, access, modify, store, or output information or to execute programs and analyses. This includes the ability to enter and retrieve data from computer systems using a keyboard, mouse, or trackball.
• Economics and Finance - Knowledge of economic principles and practices, P&L statements, operating budgets, forecasting and scheduling, and the reporting of financial data.
• Sales and Marketing - Knowledge of sales and marketing concepts including principles and methods for showing, promoting and selling products or services as well as marketing strategies and tactics.
• Basic Competencies - Fundamental competencies required for accomplishing basic work activities.
  • Basic Computer Skills - Uses basic computer hardware and software (e.g., personal computers, word processing software, Internet browsers, etc.).
  • Mathematical Reasoning - Demonstrates ability to add, subtract, multiply, or divide quickly, correctly, and in a way that allows one to solve work-related issues.
  • Oral Comprehension - Demonstrates ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Reading Comprehension - Demonstrates understanding of written sentences and paragraphs in work-related documents.
  • Writing - Communicates effectively in writing as appropriate for the needs of the audience.

At the time of application, applicants must have the legal right to work in the United Kingdom. Unfortunately, this role is not eligible for visa sponsorship or relocation assistance.