Job Type

Full-time

Description

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.

Salary Description

$135,000-$165,000