Opendoor · 5 hours ago
Portfolio Manager
Phoenix, AZ
Full-time
Onsite
Mid Level
$75K/yr - $94K/yr
3+ years expOpendoor is a company focused on modernizing homeownership and enhancing the buying and selling experience. They are seeking a Portfolio Manager responsible for overseeing up to 300 properties, making critical pricing decisions, and guiding resale strategies based on market data and property conditions.
MarketplaceProperty DevelopmentProperty ManagementPropTechReal Estate
Responsibilities
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
Qualification
Required
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 that you operate
Proven ability to review large amounts of data to guide effective and impactful decision-making
Experience with Excel and Amazon Quicksight for data analysis
Coachability - Willingness to be trained in Opendoor Pricing products and tools
Ability to prioritize work load activities and complete tasks within deadlines
Excellent verbal, written, and interpersonal communication skills
Excellent collaboration skills with team members and portfolio stakeholders (ex. S&S)
Benefits
Paid time off
12 paid holidays per year
Medical/dental/vision insurance
Basic life insurance
401(k)
Company
Opendoor
Founded in 2014, Opendoor’s mission is to power life’s progress one move at a time.
1001-5000 employees
H1B Sponsorship
Opendoor has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (10)
2024 (11)
2023 (18)
2022 (31)
2021 (24)
2020 (14)
Funding
Current Stage
Public CompanyTotal Funding
$2.57BKey Investors
Jane Street CapitalGeneral AtlanticSoftBank Vision Fund
2025-09-24Post Ipo Equity· $362M
2025-05-19Post Ipo Debt· $325M
2023-09-20Post Ipo Secondary· $1.98M
Leadership Team
Kaz Nejatian
Chief Executive Officer
Christy Schwartz
Chief Financial Officer
Recent News
2026-01-23
2026-01-23
Company data provided by crunchbase