Opendoor

Portfolio Manager

Opendoor$74K — $93K *
Tempe, AZ 85281In-Person
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience in pricing decisions or related fields (e.g., Pricing Analyst, Real Estate Asset Manager)
  • Strong market expertise in relevant areas
  • Ability to analyze large datasets for decision-making
  • Proficient in Excel and data analysis tools like Amazon Quicksight
  • Willingness to adapt and learn Opendoor's pricing tools
  • Strong time management skills for meeting deadlines
  • Exceptional verbal, written, and interpersonal communication skills

Responsibilities

  • Set initial list prices for properties post-acquisition
  • Make informed weekly pricing adjustments based on market data
  • Review property values every 30 days for adjustments
  • Evaluate and negotiate buyer bids received below calculated prices
  • Assess and make recommendations regarding external appraisals

Benefits

  • Opportunity for professional growth within a dynamic company
  • Collaborative working environment with close interaction with teams
  • Exposure to high-impact decision-making affecting P&L
  • Opportunity to manage a significant portfolio of properties
  • Access to advanced data analysis tools and training opportunities
Full Job Description
About The Role

Portfolio Managers (PMs) are responsible for our inventory from acquisition close of escrow to final resale. The Portfolio Manager role is one of the largest drivers of the company's Profit and Loss (P&L) impact for an individual contributor. Portfolio Managers are responsible for up to 300 properties directly under their supervision, working closely with Listing Partners and Homes Ops teams, guiding resale decisions while Opendoor owns the properties.

What You'll Do

  • Setting Initial List Prices (ILP): Determine the value of Opendoor's acquired properties based on market changes since acquisition and the home condition after renovations. Calculate markup based on active and closed competition as well as submarket resale indicators.
  • Price Drops (PDs) and Weekly Triages: Make highly-informed decisions on a weekly basis regarding any necessary price drops for hundreds of homes, by interpreting data and market-level demand signals received. Balance total cost of renovations against a price drop to determine if any homes that received buyer feedback require additional renovations by the Homes team.
  • List Price Reviews (LPRs): Review property values every 30 days to adjust markup based on changes in the resale environment.
  • Buyer Offer Escalations: Evaluate buyer bids below the calculated price based on resale 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.


What You'll Need

  • At least 3 years of 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.
  • Expertise in the markets in which you operate.
  • Proven ability to review large amounts of data to guide effective and impactful decision-making
  • Experience with Excel, Amazon Quicksight 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 (ex. S&S)


Location

This role is based in our Phoenix, AZ office, in-person four days per week (Monday, Tuesday, Thursday, Friday). Candidates must be based within commuting distance of the office.

The pay range for this role is:

74,880 - 93,600 USD per year (US Zone 3)

About Opendoor

Opendoor is an operator of an online real estate marketplace used to streamline the sales process of home buying and selling. It helps sellers to receive an offer without listing or showing their home and buyers to browse for homes on sale and instantly unlock them using the company's application that enables customers to buy and sell properties in a hassle freeway. They aim to provide a hassle-free experience for both buyers and sellers, simplifying the often complex and time-consuming process of buying or selling a home.

Opendoor Careers

Join the dynamic team at Opendoor, where innovation, leadership, and growth go hand in hand. We are currently expanding our talented team, offering a range of job opportunities that promise not only professional enrichment but also a chance to shape the future of real estate.

Work You’ll Do

At Opendoor, we are redefining the real estate industry through continuous innovation and commitment to improvement. By joining our team, you will collaborate with some of the brightest minds in technology and real estate, all dedicated to simplifying the home buying and selling process for everyone.

Transform Your Career

Opendoor is not just a company; it's a stepping stone to a future-proof career where your skills and passion drive your success. Our leadership is committed to nurturing your potential and supporting your growth through comprehensive training and development programs. Embrace diverse job opportunities across various domains, from technology to customer support, and climb the career ladder faster than you imagined.

Innovative Work Environment

Our culture thrives on creativity and the pursuit of excellence. We believe in the power of diversity and inclusion, providing a workplace where all employees feel valued and included. This environment fosters innovation and is a catalyst for professional growth.

Be Part of a Great Team

Working at Opendoor means being part of a community. Our team is our strongest asset, and we pride ourselves on a culture that supports teamwork, collaboration, and transparency. With a focus on leadership development and diversity training, we ensure that every team member is equipped to lead, inspire, and thrive.

Explore Job Opportunities and Internships

Whether you’re starting your career or looking to make a significant impact in your professional journey, Opendoor offers a range of positions and internships that could be perfect for you. Enhance your skills, learn from the best, and contribute to a company that’s reshaping an industry.

Benefits and Perks

At Opendoor, we understand that the well-being of our employees is paramount. That’s why we offer competitive benefits, including health, dental, and vision insurance, employee wellness programs, and flexible working arrangements. We also provide exciting perks like company retreats, ongoing education stipends, and much more.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and innovative team players who are ready to make a difference. Start your journey with Opendoor today and be a part of something big.

Stay Connected

Keep up to date with the latest company news, industry insights, and career tips—all from the people who work here. Join our professional network and stay ahead in your career with Opendoor.

Apply Now

Ready to take the next step? Browse our current openings, submit your resume, and prepare for an interview where you can showcase your unique abilities. At Opendoor, your next job opportunity awaits, filled with promise and potential.

Opendoor Careers

Empowering personal and professional growth through innovation and a supportive culture—your future starts here. Join us and open the door to new possibilities.
Learn more about Opendoor
Market Cap
$621.2 million
Industry
Founded
2013
5 Year Trend
+88.3%
NASDAQ

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