VP/SVP, Portfolio Management

Griffin Capital Corp.; El Segundo (CA); Hybrid; USD 160,000 - 300,000; Full time

Job summary

A leading real estate investment firm in El Segundo seeks an experienced Portfolio Management professional. This role involves developing investment strategies, monitoring performance, and leading investor reporting. Candidates should have 8-10+ years of experience in managing multifamily assets and capital markets transactions. A competitive salary and comprehensive benefits package are offered, including hybrid work options.

Benefits

Generous time off benefits

100% company paid medical and dental insurance

401(k) plan with matching

Employee-led professional development program

Qualifications

• 8-10+ years of experience in portfolio management with multifamily assets.
• Experience managing capital markets transactions.
• For SVP role, 12-15+ years with significant track record.

Responsibilities

• Develop investment strategies and monitor performance.
• Lead quarterly investor reporting and financial forecasts.
• Oversee fund-level cash flow modeling.

Skills

Portfolio management experience

Capital markets transactions

Leadership

Financial analysis

Education

Bachelor’s degree in Accounting, Finance or related field

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Description

About the Company

Griffin Capital Company is a leading full-service real estate investment and management company that for nearly three decades has established a reputation for leadership and innovation led by a team of cycle-tested professionals with expertise in acquisitions, investment management, and capital markets. We manage a diverse portfolio of institutional-quality assets across the United States. Our goal is to create reliable, thematic investment solutions to meet the needs of our investors and the communities in which we invest. Since 1995, Griffin Capital has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets across a wide range of real estate sectors and investment structures. The Griffin Capital Team has engaged in the development of approximately $4.3 billion of real estate with a specific focus on the multifamily sector where it has a development portfolio in 32 markets.

We are seeking an experienced Portfolio Management professional who could join at either the Vice President or Senior Vice President level, depending on qualifications and experience.

Position Summary

Act as an integral member of Portfolio Management department in developing investment strategies, portfolio construction, monitoring asset-level and portfolio-level performance, investor reporting, and managing risk across allocated investment vehicles. In addition, the Portfolio Management team is responsible for asset level financings, recapitalizations, and dispositions.

Duties and Responsibilities

• Perform portfolio diversification analysis to evaluate capital allocation strategy, identify key risks and recommend mitigants.
• Lead the quarterly Investor Reporting process as well as preparation of weekly, monthly, and quarterly Asset and Portfolio Management reports for their respective Funds.
• Lead quarterly portfolio cash flow and return reforecasts, quarterly portfolio valuations and monthly operational updates for their respective Funds.
• Oversee fund-level cash flow modeling and update/reforecast pro forma models for each asset in their respective Funds.
• Lead the process of compiling data and metrics required by the Sales (capital raising) team as well as preparing monthly sales memo and participating in recurring sales calls. Provide support to the Sales team both virtually and in the field.
• Track key economic data as well as multifamily fundamentals, including comp and development pipelines, at the national, market, and submarket level and assist in formulating the company's view on the viability of investment in each market.
• Review and negotiate loan documents and ensure proper abstraction of the same for loan management and covenant compliance purposes. Track compliance of key covenants and monitor expectations for refinancing proceeds and/or extensions.
• Lead the financing, hedging, recapitalization, and disposition of assets in the respective investment vehicles. Where applicable, lead the buyout of joint venture development partners.
• Assist in the preparation of marketing materials for current investment offerings, sales presentations, and industry conferences.
• Lead the process of preparing monthly cash management models in concert with Accounting to ensure adequate cash reserves and suggest distribution amounts across all investment vehicles, including sensitivity analyses to ensure prudent cash balances, and present to Investment Committee.
• Analyze and approve asset-level distributions as prepared by Asset Management and coordinate distributions to the respective investment vehicles with Accounting.
• Coordinate with other departments and respond to any questions for property-level, market and submarket data and metrics to report to investors, lenders, partners, or others.
• Develop relationships with development partners, lenders, investment sales brokers, mortgage brokers, and others involved in the multifamily industry.

Requirements

• Relevant Work Experience: Core requirements for role include 8-10+ years of experience in portfolio management with an emphasis on multifamily/housing assets, and experience managing capital markets transactions. For SVP consideration, 12–15+ years’ experience, significant track record in portfolio strategy leadership, capital markets transactions, and mentoring/managing associate/senior staff.
• Education: Bachelor’s degree in Accounting, Finance, Real Estate, Economics, or related field, or equivalent combination of education and experience.
• Computer Skills: To perform this job successfully, an individual should have strong competency with Microsoft Office, most importantly Word, Excel and PowerPoint.

Salary and Benefits

Griffin Capital’s salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations.

• The starting base salary range for this full-time position is $160,000-$300,000 + annual bonus eligibility + benefits. Final title and compensation will reflect experience, expertise, and leadership impact of the candidate. *

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:

• Generous time off benefits including a yearly Birthday Holiday and paid time off for community service.
• 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.
• Company funded Lifestyle Spending Account.
• Access to other health and tax-advantaged benefits.

In addition to the above-listed benefits, the firm also offers hybrid work options specific to roles, an employee-led professional development program, and community involvement through its Griffin Care and Community Committee.

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.

*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. 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.

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.