Division Portfolio Lead

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. It's how families put down roots how neighborhoods strengthen how the future gets built. We're building the modern system of homeownership giving people the freedom to buy and sell on their own terms. We’ve built an end-to-end online experience that has already helped thousands of people and we’re just getting started.

About the role

The Portfolio Management team sits at the heart of Opendoor's proprietary pricing engine. We own and shape the resale strategy across a multi-billion dollar portfolio balancing our financial goals against real risk in one of the most complex markets in the world.

This role leads the Core book: Opendoor's cash-product inventory across every active market in the US. It is the largest and most economically material book the company owns. As Divisional Portfolio Lead Core you will be accountable for how that entire book performs while leading and upleveling the team of Portfolio Managers who make the home-by-home calls.

You will sit one layer above the individual assets running a continuous cycle of diagnosing issues in the portfolio building action plans and measuring the result. You will be analytically rigorous commercially sharp and a strong coach to a tenured team. This is a high-ownership leadership seat where everything in resale good and bad ultimately lands on your desk.

What You'll Do

• Own resale strategy execution for the multi-market Core cash-product book managing clearance pace levered gross margin and tail-cohort exposure
• Lead and uplevel a team of roughly 9 Portfolio Managers and Senior Portfolio Managers owning standard operating procedures performance management career development onboarding and feedback loops
• Run the diagnose act measure cycle on the book: identify worrisome markets cohorts or PMs and drive each one through to measurable improvement
• Serve as the judgment layer on asset-level pricing decisions knowing when to deviate from budget or model recommendations and supporting the team through edge cases
• Drive sell-through alpha on the cash-product book while keeping the tail cohort within agreed risk bounds prioritizing sell-down of higher-risk inventory in softening markets
• Bring an operator's perspective to the evolution of our resale system models and tooling and feed insight back to the teams building them to improve PM efficiency and alpha
• Partner cross-functionally with Acquisition Pricing specialist portfolio teams Home Operations and the broader pricing organization to keep the Core book set up to win
• Default to AI continuously pushing how evolving AI tools can uplevel your decisions your processes and your team

What You'll Need

• 6+ years in portfolio management asset management trading or an analogous quantitative risk-taking discipline including 2+ years leading teams
• Strong analytical instincts and hypothesis-driven problem solving: the ability to pair intuition with data work both top-down and bottom-up form a thesis find the evidence and act on it.
• A demonstrated track record managing a portfolio through both strong and weak market regimes including the discipline to capture limited demand when conditions are tough
• Strong people-leadership instincts with real experience building developing coaching and retaining a high-performing team including the ability to coach on asset-level decisions
• A learning mindset that defaults to AI: you are already experimenting with the tools available to you and iterating on your own workflows and you are excited to push that further across a team
• Excellent written and verbal communication
• Alignment with Opendoor's mission

Bonus Points

• Direct experience in residential real estate iBuying single-family rental REITs or homebuilding particularly in resale operations or portfolio management
• Comfort with SQL or similar analytical tooling and experience partnering with Data Science or Engineering to build software and algorithms that improve portfolio outcomes
• Experience operating in a fast-paced high-growth outcome-driven environment

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.

What We Do

Founded in 2014 Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and confusing. It often comes with unexpected costs the added burden of coordinating multiple third parties and the uncertainty of a transaction falling through. Our goal is simple: build a digital end-to-end customer experience that makes buying and selling a home simple certain and fast. We have assembled a dedicated team with diverse backgrounds and talents across engineering operations design operations mortgage finance legal and more to deliver strong results. More than 85000 customers have selected us as a trusted partner in handling one of their largest financial transactions.

Why Work With Us

We’re on a mission to power life’s progress one move at a time

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