Acquisition Manager

| Remote
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The Company

Orchard is transforming the way people buy and sell their homes. Simplifying it, to the way it should have always been; fair and true to market, straightforward, easy. Every year in the U.S., $1.5 trillion of single-family residences transact, generating over $120 billion of fees in a process that has changed little in decades. For the average American, the home purchase and sale process takes months, creates anxiety, and is filled with uncertainty and hassle.
Orchard offers a modern alternative, making one of life's biggest decisions – the sale and purchase of a home – stress free, fair and simple.
Orchard launched in 2017 and was previously known as Perch. The company is headquartered in New York City, has 200+ employees and has grown 10x year over year. We have raised over $300 million in financing from top tier investors including: Firstmark, Accomplice, Navitas and Juxtapose.

We are proud to be recognized by Inc. Magazine as a best workplace of 2020 and have a 4.9 Glassdoor rating!

Role & Responsibilities

The Acquisition Manager will be a critical member of the Orchard team, located in either the Charlotte or Raleigh-Durham Metro Areas.  Acquisition Managers at Orchard report to the local General Manager and have responsibility for home acquisition, due diligence, renovation cost estimation, and eventual disposition. As the Acquisition Manager, you will:

  • Contribute to Orchard's home acquisition and disposition process throughout the greater Charlotte and Raleigh-Durham metro area.  
  • Be responsible for (among other things): evaluating and underwriting prospective homes for purchase; scoping and inspecting all repairs and investments made to homes we purchase; helping set asset-level pricing and sales decisions.  
  • Collaborate with Orchard's underwriting/investments team, data science team, field operations team, seller experience team, and listing operations team.
  • Support the Listing Operations and Orchard Realty teams during the resale process when Orchard sells homes to their next owner.
  • Partner with the local market General Manager to ensure all KPI targets are met. You will monitor both asset-level and market-level KPIs/metrics on a daily, weekly and monthly basis and develop initiatives to optimize them.
  • Be a champion for North Carolina within Orchard – and a champion for Orchard throughout North Carolina.

Required Experience

  • At least 5+  years prior experience in single family residential real estate (e.g. experience with single family residential investing/operations, homebuilding, or brokerage).
  • Experience with real estate investment analysis and comparative market analysis research; and/or, 
  • Experience with estimating and/or managing residential renovations projects.
  • Proven track record of success in goal achievement.
  • Experience using software to manage operations.
  • Deep knowledge of local market – you have lived in North Carolina for 2+ years.
  • Bachelor’s Degree. 

 Personal Characteristics

  • Highly effective at building collaborative relationships across our entire organization. 
  • Possesses customer empathy with a mindset of finding ways to balance delivering a superior customer experience and a successful operational and financial outcome for our business. 
  • An entrepreneur who sees ambiguity as opportunity, and obstacles as chances to build new solutions.
  • High energy and action-oriented with a history of getting things done in complex, fast moving environments.   Successful in scrappy and entrepreneurial environments, with a drive to get things done. 
  • Strong analytical skills and attention to detail with a data-driven mentality.
  • Track record of good business judgment with maturity, diplomacy, and communication skills (both written and verbal). 
  • Results orientation with a strong work ethic. Must be tenacious, with the emotional intelligence to know when to push harder and when to look for alternative approaches.  Solutions-focused mindset.
  • A strong multi-tasker with the ability to prioritize work based on business and operational needs.  Ability to manage time effectively.
  • People describe you as: Passionate, a leader, a strong communicator, and someone that “gets things done.”
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Technology we use

  • Engineering
    • JavascriptLanguages
    • PythonLanguages
    • SqlLanguages
    • PandasLibraries
    • scikit-learnLibraries
    • AngularJSFrameworks
    • TensorFlowFrameworks
    • BottleFrameworks
    • PostgreSQLDatabases

Location

31 West 27th St, New York, NY 10001
Orchard: Come With Sleeves Rolled Up, Ready To Make Real Estate Simple
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An Insider's view of Orchard

How does your team reward individual success?

We recognize employees in a variety of ways on a regular basis. At Orchard feedback is a gift and every employee truly lives out our company values. Our team makes a point to shout out individual successes in our #shoutouts channel in Slack and every month during Town Hall. Not an ounce of hard work goes unnoticed!!

Leah

Executive Assistant

What kinds of technical challenges do you and your team face?

Each home is unique and comes with its own challenges and surprises. Even though our team has been through hundreds of transactions, we're always learning, growing, and improving our process with each home we acquire. On the engineering side, that means never being satisfied and constantly pushing ourselves to iterate quickly and deliver quality.

Toni

Engineering

What makes someone successful on your team?

Curiosity, scrappiness, and a sense of urgency. We move quickly to accomplish our goals, but leave time and space to think outside the box. All of our functional areas work together to build an exceptional brand, product, and customer experience, so communication and collaboration are key skills as well.

Steph

Marketing

What is your vision for the company?

We're looking to make buying and selling a home as easy as trading in a car. We believe that through technology, human-centered design, and exceptional operations we can remove the friction from the biggest financial transaction of our customers' lives. As a team, we get to make real progress towards achieving this vision every day.

Phil

Growth & CX

How do your team's ideas influence the company's direction?

At Orchard, our mission is to provide the most stress-free, fair and simple way to buy a home. The Investments team that I lead contributes to this mission by providing a fair market value estimation for our customers’ homes. Our approach integrates human judgement alongside an internal valuation algorithm to price every home.

Ray

Investments Manager

What are Orchard Perks + Benefits

Culture
Partners with Nonprofits
Eat lunch together
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Unconscious bias training
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K)
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Paid Holidays
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Stocked Kitchen
Some Meals Provided
Happy Hours
Professional Development Benefits
Diversity Program
Lunch and learns
Promote from within
Time allotted for learning
Paid industry certifications
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