Portfolio Manager

About The Role

The Portfolio Management team plays a core role in our proprietary pricing engine. The team is responsible for executing on and collaborating in the development of our resale strategy across a multi-billion dollar portfolio to support achieving our financial goals, while appropriately managing risk. The Portfolio Manager plays a critical role in optimizing the company's multi-billion dollar inventory by executing resale strategies and managing P&L at the asset level.

What You'll Do

• Your role is to generate alpha or edge as compared with the market, clearing faster than the market at the same or better valuation. 
• You own the P&L of your book of inventory, making decisions at the asset level from listing to resale close including what price to list a home at; when to drop the price, hold or pull non-price levers; and whether to accept a resale offer.
• You do this by: 
• • Interpreting diverse signals, including demand metrics, buyer feedback and market events to develop and refine your strategy at the portfolio & asset level
  • Understanding the market nuances of the book you operate, responding to dynamic market conditions driven by seasonality, micro and macro trends
  • Judging when to accept or override model-driven recommendations based on a nuanced understanding of the strengths & weaknesses of our pricing algorithms
  • Prioritizing your time across your book to ensure you’re making the right decisions, on the right assets, at the right time
  • Managing risk by using analytics to identify underperforming cohorts & understand how to course-correct them
• You are obsessive about the details. In housing, every home is a unique SKU and a real home that people will live in. Getting into the weeds at the asset level should excite you. 
• Providing feedback that drives improvement in our pricing models & algorithms, as well as the tooling that supports PMs core workflows

What You'll Need

• Experience in making difficult pricing decisions as either a Pricing Analyst, Options Trader, Single Family Rental manager (REIT), Mortgage Credit Risk Manager, Pricing Strategist, or Real Estate Asset Manager. Real estate experience is not required.
• Expertise in the markets in which you operate.
• Proven ability to review large amounts of data to guide effective and impactful decision-making, demonstrating strong judgment in uncertain situations
• Experience with Excel, dashboards and AI tools (e.g., Co-work) for data analysis
• Coachability - Willingness to be trained in Opendoor Pricing products and tools
• Ability to prioritize workload and complete tasks within deadlines
• Excellent verbal, written, and interpersonal communication skills
• Excellent collaboration skills with team members and portfolio stakeholders (for example, our Opendoor Listing Partners & operations teams, engineers and researchers)

Location

We're looking for team members who are enthusiastic about an in-office culture — people who want to build alongside others and not from a distance. This role is based in one of our talent hubs where we welcome everyone 5 days a week with the requirement of Mo, Tu, Th, Fri.

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