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Caesars Entertainment
Director of Revenue Management (Caesars Atlantic City)
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What they do
A Revenue Manager manages revenue flows for an organization. Prepares financial statements and business activity and forecasting reports; supervises accounting and preparation of financial reports; advises management with regard to finance decisions.
$154,382 / year median in New Jersey
+7% projected growth
Job Description
View More Jobs Director of Revenue Management (Caesars Atlantic City) Atlantic City, NJ, United States (On-site) Be the First to Apply
WE ARE CAESARS
At Caesars Entertainment, our Mission, Vision & Values reflect our unique purpose, providing people with possibilities and places to have fun. Our Mission, Vision & Values represent a unifying and inspiring way forward, and all Team Members are expected to uphold them.Our Mission :
"Create the Extraordinary"Our Vision :
"We create spectacular worlds that immerse, inspire and connect you. We don't perform magic; we create it with excellence."Our Values :
"Blaze the Trail, Together We Win, All-In on Service" Our corporate social responsibility framework, People Planet Play, represents our continuous dedication to enhancing economic development, uplifting the wellbeing of our Team Members and their families, and making positive contributions to the communities we operate in. Job Summary Caesars Entertainment operates properties across the country and generates over $1.4B in hotel revenue annually. Revenue management is charged with yielding our assets to ensure the enterprise is receiving maximum return on every unit sold based on detailed forecasts of the multiple revenue streams of our customers, booking patterns by distribution outlets, seasonal and competitive dynamics impacting demand, and other key drivers of the business. The revenue professionals in these roles work directly with Executives across all properties and departments to develop the strategies, tactics, and tools necessary to maximize the yield on each unit sold, including providing timely forecasts and recommendations to identify and maximize revenue opportunities. The qualified candidate is a seasoned revenue management and analytics professional capable of building industry-leading tools and processes while leading an organization with broad geographic coverage. Successful candidates also have strong executive presence, business acumen and presentation skills. How You Will Create the Extraordinary Business/Functional Results- Manage a property or set of properties with the goal of maximizing company EBITDA through effective hotel and yield management
- Monitor OTB pace and pricing; adjust and align strategy as needed to achieve goals
- Approach work in a structured manner to ensure ad-hoc requests or analyses do not interfere with execution of daily, weekly and monthly critical tasks for each hotel
- Ensure full development, optimization and utilization of critical RM and non-RM systems
- When performance falls below expectations, identify root cause of shortfall; leverage other analytic groups as needed. Socialize root cause and align stakeholders on mitigating strategies to correct performance problems.
- Meet deadlines and communicate with all stakeholders proactively to manage and mitigate risk Analyze, Clean, and Visualize Data
- Drive informed, evidence-based decision making to ensure optimal outcomes
- Improve operational efficiency to allow time to solve complex problems
- Gain deeper insights into consumer behavior to help identify trends and predict future outcomes Leadership / Managing Execution
- Anticipate market demand environment and develop strategies that deliver the most profitable mix of customers
- Find and develop opportunities for incremental EBITDA-generation across the Enterprise
- Recognize shifts in market demand environment and pivot quickly to adjust strategies. Align critical departments to ensure flawless execution. Building Relationships
- Foster strong relationships with key departments: property leadership, casino marketing, hospitality marketing, marketing analytics, e-commerce, distribution, leisure sales, group sales, F&B management
- Build effective working relationships with property and pod leadership. Ensure leadership understands the value of revenue management activities and are aligned on strategies to achieve goals.
- Sell ideas persuasively and influence without direct authority
- Keep property Revenue Managers aware of conflicts and decisions that have material impact on results Learning/Applying Personal Expertise
- Actively pursuing learning and self-development to enhance personal and professional growth.
- Seek and welcome feedback.