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Opportunities in the LiveOak Portfolio

LiveOak Venture Partners
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companies
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Jobs

General Manager II

Homeward

Homeward

Operations
Remote, OR, USA · Remote
Posted on Jul 20, 2024

About Homeward

Homeward aims to take the “what ifs” out of homebuying by creating financial products that buyers and sellers use to get certainty and convenience in the real estate market. We’re a fast-paced, remote-first, real estate start-up that partners with agents to offer innovative products and services, helping clients buy with cash, sell with certainty, and time their move — no matter the market. We offer bundled services across offers, Mortgage, and Title, making buying a home more seamless.

Founder and CEO Tim Heyl, a 10-year industry veteran and owner of one of the fastest-growing agent teams in the country, started Homeward in 2018. In fact, he bought our first customer’s home with his own life savings. Today we offer four services -- Buy with Cash, Buy Before You Sell, Sell Before You List, and Backed by Cash, in the 7 states we serve -- Texas, Georgia, Florida, Colorado, Arizona, Oregon, and Washington.

As a remote company, we anchor to our three core values as a collective way to care for each other, represent our work, and reinforce our mission to make homebuying more accessible for all. Those are: The Golden Rule, One Team One Dream, and Calm Focus. Hear from our employees about what our values mean to them

About the opportunity

Homeward is looking for a General Manager (III) to proactively manage and oversee a large portfolio of homes held in inventory. This position, which includes P&L ownership, is responsible for making both reactive and proactive decisions to drive profitability to the portfolio and mitigate inventory losses on individual properties. The GM will be required to make adjustments to a property's listing strategy and execution, ensure all homes held meet our listing quality standards, and approve spend on renovations, repairs and property maintenance. Success in this role means you are selling off a majority of homes for a profit and in a timely manner, while minimizing any homes that sell for a loss. This is a strategic and cross functional role that works with a variety of teams in sales, operations and finance.

In this role, you will:

  • Report directly into the VP of Finance
  • Own a portfolio of Homeward’s inventory, which may encompass multiple products, regions and partners.
  • Responsible for a property from the point it exits option period, through to its sale on the market
  • P&L ownership for a portfolio of inventory; responsible for staying close to each property held and ensuring that expenses are closely managed to hit profitability targets
  • Remain close to an extensive portfolio of properties to regularly review risk levels, while paying close attention to riskier files
  • Sign off on purchase offers Homeward makes to ensure that we are taking a balanced approach to our overall inventory risk level, and provide regular feedback to the business
  • Develop strong muscle for effective selling strategies across different property types and markets
  • Become an SME on Homeward’s inventory management playbook, and be able to proactively address at-risk files by tailoring the approach to the individual property and circumstances
  • Direct financial outcomes to inform the right course of action to be taken on individual properties, with the goal out maximizing profitability
  • Display excellent cross-functional collaboration with partners across Deals Desk and Operations teams
  • Ability to guide and direct Operations partners to ensure proper listing execution, escalated market sale decisioning, and action plan implementation
  • Ensure our Operations teams are driving tight timelines across various stages of the transaction lifecycle, including: closing on new homes, getting homes listed for sale on the market, under contract and sold, and moving quickly through make-ready and repairs throughout

What you’ll bring:

  • 5-7+ years of experience, ideally at a startup or other fast-paced environment, in real estate, and/or owning a P&L in real estate
  • Ability to thrive in ambiguous or uncertain environments
  • Demonstrated ability to understand financial statements, run analyses and make data-backed decision
  • Strong leadership skills, including the ability to unify high-performing cross-functional teams around meaningful outcomes
  • Outstanding project management and stakeholder management abilities
  • Executive presence, excellent communication, and presentation skills
  • Experience in taking complex problems, identifying the root causes, and developing targeted solutions

Perks & Benefits:

  • Compensation range: $150,000 - $175,000 based on experience
  • Remote-first environment (our headquarters are in Austin, TX)
  • Exciting stock option grant for every full-time employee
  • 401(k) employer contribution match
  • Health and wellness benefits, including medical, dental, vision, and life insurance
  • Twenty days of vacation, five sick days, twelve company holidays, and two floating holidays each year

Generous paid parental leave of up to 14 weeks

See more about how Homeward takes care of our team by providing a generous package of benefits here.

Value-Driven Employee Experience

THE GOLDEN RULE. It’s simple: Treat others the way we want to be treated. Whether we’re dealing with colleagues or customers, we don’t prioritize money or growth over people, and we practice empathy at every opportunity.

CALM FOCUS. We work in tech and build solutions for real estate. Both are fast-paced and stressful industries. But by focusing on the larger objective rather than rushing from one task to the next, we can create solutions our customers love.

ONE TEAM, ONE DREAM. Big problems require big solutions. We look at our customers’ experiences holistically and recognize that solving them requires collaboration across teams and our three affiliate companies — Homeward, Homeward Mortgage and Homeward Title.