Asset Management - Real Estate Multi-Family Asset Management (West Coast) - at JPMC Candidate Experience page

Los Angeles, California, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Jun, 26

Salary

285000.0

Posted On

30 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset Management, Multifamily, Deal Teams Management, P&L Reviews, Market Drivers Interpretation, Underwriting, Due Diligence, Valuations, Transaction Negotiation, Risk Mitigation, Leadership, Financial Modeling, Argus, Excel, Negotiation Skills, Real Estate Economics

Industry

Financial Services

Description

J.P. Morgan Asset Management, the world’s third-largest alternatives manager, offers a 40-year legacy of innovative solutions across market cycles. Our specialized teams, supported by J.P. Morgan's global resources, deliver alternative strategies aimed at achieving specific client outcomes and uncorrelated returns. We provide tailored portfolios across the alternative investment spectrum, including real estate, private equity, credit, infrastructure, and hedge funds. Role Summary As an Vice President on the West Region Asset Management team, you will primarily be responsible for asset managing an existing portfolio and pipeline of multifamily assets. Day to day responsibilities include managing deal teams, including analysts and associates, as well as coordinating with internal (valuations, engineering, research) and external (investors, legal, brokers, property management, and various consultants) teams. Job Responsibilities * Cultivate a network of partners, brokerage contacts, and third-party operators to source intelligence and strengthen go-to-market decisions. * Conduct as-needed property tours to benchmark physical upkeep, team effectiveness, and market positioning; translate findings into actionable guidance. * Own monthly P&L reviews, diagnosing outliers and aligning stakeholders on targeted interventions to restore plan performance. * Track and interpret market drivers across assigned geographies—demographics, competitive landscape, pipeline supply, and demand signals—to anticipate risks and opportunities. * Assist acquisitions team with sourcing and underwriting of new acquisitions in assigned markets. Perform due diligence to prepare acquisitions for closing * Build internal consensus on valuations and transactions through proactive communication with all constituencies including the CIO, portfolio management, acquisitions, research, valuations, financial, debt capital markets, development/engineering, and legal/compliance * Lead transaction negotiation and documentation of leasing, capital, and asset dispositions. Negotiate with a focus on creating value while also identifying and mitigating risk * Exhibit leadership in partnering with other internal teams, and in developing junior team members. You will consistently strive to gain the confidence of senior team members, including portfolio managers and senior acquisitions officers. The candidate will also proactively seek ways to expand Real Estate America’s impact across the company * Create and review financial models for investment valuations using Argus and Excel * Utilize market research and market data to support valuation and investment decisions. Calculate and review partner promote structures and waterfall distributions * Actively participate in the market, including industry events; partner, broker, tenant, and prospect meetings; and market and competitive set tours * Create and review investment committee presentations for dispositions or major capital recommendations * Proactively provide oversight of property management to position the property to match the business strategy Required qualifications, capabilities and skills * 6+ years of asset management experience and/or 10+ years of operations experience, with a focus and passion for the multifamily sector required * Data driven and detailed oriented * Experience mentoring and training junior associates and analysts * Exceptional relationship building and negotiation skills * Understanding of fundamental real estate economics and finance principles * Strong written and communication skills * Proactive and creative mindset Preferred qualifications, capabilities and skills * ARGUS and excel proficiency * Experience with RealPage pricing tools and Yardi * Experience with negotiating and managing commercial leasing (primarily ground-floor retail) This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase’s review of criminal conviction history, including pretrial diversions or program entries. JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs [https://careers.jpmorgan.com/us/en/how-we-hire/faqs] for more information about requesting an accommodation. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Responsibilities

The Vice President will primarily manage an existing portfolio and pipeline of multifamily assets, overseeing deal teams and coordinating with internal and external stakeholders. Key duties include owning monthly P&L reviews, tracking market drivers, assisting acquisitions, and leading transaction negotiations.