About Opendoor At Opendoor our mission is to tilt the world in favor of homeowners and those who aim to become one. Homeownership matters. It's how people build wealth, stability, and community. Backed by NEA, Norwest and SoftBank VF.
About the role
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.
What they're looking for
- 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 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
More about this role
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...
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