Opendoor

Portfolio Manager

Opendoor • $100K — $120K *
Tempe, AZ 85281In-Person
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in pricing roles or asset management positions
  • Strong analytical skills with experience interpreting diverse datasets
  • Proficiency in Excel and data analysis tools such as AI software
  • Ability to make strategic decisions under uncertainty
  • Excellent communication and collaboration abilities
  • Open-mindedness to learn new pricing strategies and tools
  • Familiarity with real estate markets is a plus, but not mandatory.

Responsibilities

  • Generate alpha by outperforming market pricing strategies
  • Own P&L for distinct inventory, making tactical pricing decisions
  • Analyze market demands and buyer feedback to refine strategies
  • Adapt strategies to changing macro and micro market trends
  • Assess and override automated pricing recommendations when necessary
  • Manage risk by using analytics to identify and address underperformance
  • Provide feedback to enhance pricing models and workflow tools.

Benefits

  • Opportunities for professional development and training
  • Collaborative and innovative office environment
  • Involvement in optimizing a multi-billion dollar portfolio
  • Dynamic and challenging work that emphasizes detail and analytics
  • Access to the latest pricing tools and technologies.
Full Job Description
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

This role is based in one of our offices, in-person four days per week. We're looking for candidates who are enthusiastic about an in-office culture; people who want to build alongside their teammates, not from a distance.

#LI-RS1

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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