Assistant Vice President, Asset Management at Griffin Capital Company

El Segundo, California, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Jul, 26

Salary

165000.0

Posted On

04 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset management, Multifamily real estate, Financial analysis, Budgeting, Forecasting, Real estate finance, Valuation, Capital project management, Lender reporting, Investor reporting, Excel, PowerPoint, Yardi, RealPage, CoStar, Relationship management

Industry

Financial Services

Description

Description About the Company Griffin Capital Company is a leading full-service real estate investment management firm with a nearly 30-year track record of leadership, innovation, and disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.5 billion in assets across a wide range of real estate sectors and investment vehicle structures. The firm’s senior executives and employees have co-invested more than $300 million across its investment platforms, reinforcing its strong alignment with investor interests. Griffin Capital’s investment management team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent (“BTR”), and student housing investments. The firm’s rental housing portfolio includes 41 institutional-quality communities, comprising over 13,667 rental housing units and 693 student housing beds, representing a total project value exceeding $4.4 billion. Griffin Capital remains committed to creating value through thematic investment strategies and delivering thoughtfully developed housing solutions that benefit both communities and capital partners. Position Summary The Assistant Vice President, Asset Management will focus on asset management responsibilities for Griffin's existing portfolio and pipeline of multifamily assets and some build to rent assets. The position will manage core asset management workflows and partner directly with operating partners while still working under VP direction. The role is responsible for day-to-day asset management for an assigned subset of assets, including financial performance analysis, budget/forecast oversight, business plan execution, capital project tracking, and lender/investor reporting. Duties and Responsibilities Support two Vice Presidents, Asset Management in overseeing the dedicated portfolio by owning key workflows and some day-to-day asset management responsibilities for an assigned subset of assets (generally approximately half of the overall portfolio) and executing approved business plans and performance initiatives. Review monthly financial packages and operating reports; identify drivers of variance to budget/forecast, develop action plans with property management, and track follow-through. Support leasing and revenue strategy by analyzing submarket fundamentals and property performance metrics and collaborating with operating partners on recommendations and execution. Support acquisitions, development, and capital markets activities for assigned assets (e.g., underwriting assumptions, due diligence, business plan integration, and transition to operations). Utilize research, industry analysis/benchmarking, financial analysis and computer modeling fundamentals to analyze operations, financial reports, annual business plans and business plans. Coordinate and support the annual budgeting process and periodic reforecasts for assigned assets; review and challenge key assumptions with operating partners. Oversee and track capital improvement projects and value-add initiatives (scope, schedule, spend, expected ROI); partner with construction, property management, and vendors to execute. Conduct periodic property visits (as needed) to assess physical condition, operational execution, and market positioning; document findings and follow-up actions. Prepare and/or review lender-required reporting, support lender inspections, and track compliance with loan covenants and other financing requirements; coordinate with Accounting and Portfolio Management as applicable. Support asset valuations, hold/sell analyses, refinancing/extension analyses, and disposition preparation (including data room coordination and broker/third-party information requests). Prepare asset-level materials for internal reviews and investor reporting (monthly/quarterly narratives, variance explanations, KPI dashboards, and business plan progress updates). Maintain a thorough understanding of markets and submarkets within the assigned portfolio, including competitive set, supply/demand dynamics, and key drivers impacting operations and investment performance. Requirements Qualifications and Skills Requirements 6+ years of experience in real estate asset management or a related real estate investment role, with a focus in multifamily required. Bachelor’s degree in Real Estate, Finance, Accounting, Economics, or a related field. Strong understanding of multifamily operations and performance drivers (leasing, revenue management, expense control), and the ability to translate operating results into investment outcomes. Knowledge of real estate finance and valuation concepts (NOI, cap rates, unlevered/levered returns, hold/sell analysis) and comfort reviewing debt terms, reporting requirements, and key covenants. Advanced Excel skills (financial analysis, scenario/sensitivity analysis, dashboards) and strong proficiency in PowerPoint and Word to produce clear internal memos, lender/investor narratives, and portfolio/asset review materials; familiarity with Yardi, RealPage, CoStar, and/or reporting/BI tools is a plus. Strong ownership mentality with the ability to manage multiple deadlines, execute workstreams with limited supervision, escalate issues appropriately, and provide day-to-day guidance to Analysts/Senior Analysts. Strong relationship-management skills and professionalism when working with third-party property managers and operating partners, JV/development partners, lenders, brokers, and internal cross-functional teams; able to influence outcomes through data, follow-through, and clear communication. High attention to detail and accountability for accuracy in financial analysis, reporting, and documentation (budgets, reforecasts, lender packages, and internal review materials). This is an in-office position and is not eligible for remote work. Salary and Benefits Griffin Capital’s salary ranges are determined by role, work location, duration of direct experience, and internal and external pay equity considerations. The base salary range for this exempt full-time position is $135,000-$165,000 + bonus eligibility + benefits.* Any offered salary is determined based on relevant factors such as applicant's skills, job responsibilities, prior relevant experience, certain degrees and certifications, internal equity, and alignment with market data for geographic locations. This posted starting salary range is accurate for this role at this location at the time of this posting. This range may be modified in the future. At Griffin Capital, we strive to offer a comprehensive and competitive benefits package to our employees. To support the physical, financial, and emotional well-being of employees, we offer 100% company paid individual Medical and Dental Insurance 100% company paid individual Life and Long- and Short-Term Disability Insurance. 401(k) plan with up to 4% matching and full vesting. Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service. A yearly Birthday Holiday and paid time off for community service. State of the art onsite gym. Company funded Lifestyle Spending Account. Access to other health and tax-advantaged benefits. Availability of benefits may be subject to location & employment type and may have certain eligibility requirements. Griffin reserves the right to alter these benefits in whole or in part at any time without advance notice. In addition to the above-listed benefits, the firm also offers hybrid work options for select roles, an employee-led professional development program, and community involvement through its Griffin Care and Community Committee. Equal Employment Opportunity at Griffin We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), family and medical care leave or the denial of family and medical care leave, mental or physical disability (including HIV and AIDS), marital status, domestic partner status, medical condition (including cancer and genetic characteristics), genetic information, military and veteran status, political affiliation, national origin (including language use restrictions), citizenship, race, sex (including pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, and gender expression, sexual orientation, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation. We will consider qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance and the California Fair Chance Act and consistent with other similar and / or applicable laws in other areas. We also afford equal employment opportunities to qualified individuals with a disability. For this reason, Griffin Capital will make reasonable accommodations for the known physical or mental limitations of an otherwise qualified individual with a disability who is an applicant consistent with its legal obligations and in accordance with applicable local, state and / or federal law. Any applicant who requires an accommodation in order to perform the essential functions of the job should contact a Human Resources Representative to request the opportunity to participate in a timely interactive process. *Please note that the compensation information provided is a good faith estimate for this position only and is provided pursuant to the California Salary Transparency in Job Advertisements Law. It is estimated based on what a successful California applicant might be paid. It assumes that the successful candidate will be in California or perform the position from California. Similar positions located outside of California will not necessarily receive the same compensation. Griffin Capital takes into consideration a candidate’s education, training, and experience, as well as the position’s work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the California Law, a potential new employee’s salary history will not be used in compensation decisions.

Responsibilities

The Assistant Vice President will manage day-to-day asset management workflows for a portfolio of multifamily and build-to-rent assets, including financial analysis and business plan execution. They will collaborate with operating partners, oversee capital projects, and prepare reporting for lenders and investors.