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Sales / Business
Portfolio Manager
@Mainstay
[Hiring] Portfolio Manager @Mainstay
Apr 03, 2025 - Mainstay is hiring a remote Portfolio Manager. 💸 Salary: $71,040 - $94,050. 📍Location: USA.
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Role Description
Portfolio Managers (PMs) are responsible for our institutional customers’ inventory from pre-listing to final disposition. The portfolio manager’s task impact is one of the largest drivers of the customers’ Profit and Loss (P&L) that an individual contributor at Mainstay can make. The PMs provide data driven list price recommendations and market insights at the asset-level to help optimize returns at sale.
- Setting Initial List Prices (ILP): Determine the value of client properties based on market data, submarket trends, and home condition.
- Calculate the Return on Investment (ROI) of repairs and upgrades and communicate findings to internal and external stakeholders.
- Fallthroughs: Make thoughtful determination on whether or not to negotiate with buyers who are ready to walk away from the resale contract due to cost or repair negotiations.
- Buyer Offer Escalations: Evaluate buyer bids below the calculated price based on demand data, previous offers, and local market signals, to determine if offer value is fair or should be denied.
- Appraisals: Assess external appraisals that differ from our valuation to confirm if appraisal value is fair/unfair. Make recommendations for negotiating contributions from the buyer or placing the property back on the market as appropriate.
- Compiles market analysis information and trends and makes recommendations to stakeholders based on it.
- Create ad hoc data analysis and storytelling for internal and external stakeholders.
Qualifications
- Bachelor's degree with a major in economics, finance, accounting, or a STEM field strongly preferred.
- Minimum 2 years experience as an analyst in the finance, revenue, real estate, or banking sectors.
- Best in class at difficult pricing decisions.
- Ability to distill large amounts of data to guide decision making for customer disposition strategy.
- Intermediate to advanced knowledge of GSheets or Excel (i.e. ability to work comfortably and extract necessary info from a large data set).
- Able to complete tasks within guided timelines and focus time on highest priority activities.
- Able to work non-conventional hours (our customers occasionally work with us morning, nights, and over the weekend across multiple time zones).
- Can effectively communicate both within the team and with portfolio stakeholders (ex. Sales & Fulfillment, Data Science).
Requirements
- Location: This position is remote but candidates living in Phoenix, Las Vegas, San Francisco are highly preferred.
Bonus Points If You Have
- Prior real estate and underwriting experience.
- Specific knowledge/interest of the institutional single family residential market (SFR preferred, Commercial RE okay).
- SQL query skills.
Benefits
- Paid time off and 12 paid holidays annually
- Medical, dental, and vision insurance
- Basic life insurance
- 401(k) retirement plan
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| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
Back to Remote jobs >
Sales / Business
Sales / Business
|
Salary
💸
$71,040 - $94,050
|
Remote
Location
USA
|
|
Job Type
full-time
|
Posted
Apr 03, 2025
|
️
| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
