Griffin Capital Company LLC
Asset Management Analyst
Griffin Capital Company LLC - El Segundo, California, United States, 90245
Work at Griffin Capital Company LLC
Overview
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Overview
Job Type
Full-time
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.
Position Summary
Support the Asset Management departmental goal of maximizing operations and returns at the individual asset level and the overall fund/portfolio level. Monitor existing assets both during construction and on-going operations, performing financial and trend analyses, and preparing key reports for both internal and external users.
Requirements
Duties and Responsibilities Support the day-to-day asset management of existing and under development properties. Perform cash flow modeling and update/reforecast proforma models. Analyze property income and expense financial data to identify areas of opportunity or concern that impact property performance. Review key operating metrics and identify financial trends. Perform budget-to-actual variance analyses and provide insights to management. Assist in the annual budgeting process, quarterly reforecasts, and monthly operational updates. Assist in the preparation of quarterly Investor Reports and preparation of weekly, monthly, and quarterly Asset and Portfolio Management Reports. Assist in the compilation of data and metrics required by the Sales Team. Track key economic data as well as multifamily fundamentals at the national, market and submarket level. Assist in the coordination, analysis, and other efforts for specific property needs related to lease up activity, recapitalization, disposition preparation, and major capital project implementations. Assist with due diligence in evaluating capital projects and renovations. Conduct portfolio and property-level research projects, utility expense analysis, and review ancillary income contracts and payment schedules to identify business opportunities. Review real estate tax assessments and participate in discussions with third-party real estate tax consultants regarding tax appeal strategies. Review annual insurance renewals and help manage associated tracking system. Review loan documents, and complete loan abstracts, for loan management and compliance purposes. Coordinate with other departments and respond to any requests for property-level data and metrics to report to investors, lenders, partners, or others.
Requirements Relevant Work Experience : Up to 2 years' experience in the commercial real estate industry, preferably within the multifamily sector. Internship experience acceptable. Education:
Bachelor's degree in Business Administration, Real Estate, Finance, Accounting, Economics, Real Estate Development or related field, or equivalent combination of education and experience. Knowledge and Skills:
Exceptional financial and numerical analytical skills. Demonstrated passion for real estate. Team player with a commitment to excellence and a high level of integrity. Strong quality and detail orientation. Computer Skills:
Advanced proficiency in Microsoft Excel and PowerPoint. Familiarity with CoStar, RealPage and other Business Intelligence and Revenue Management systems a plus.
Salary and Benefits
Griffin Capital's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations. The base salary range for this full-time position is $70,000-$130,000 + annual bonus eligibility + benefits.*
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: Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service. Paid annual company holidays. 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.
Salary Description
$70,000 - $130,000
Full-time
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.
Position Summary
Support the Asset Management departmental goal of maximizing operations and returns at the individual asset level and the overall fund/portfolio level. Monitor existing assets both during construction and on-going operations, performing financial and trend analyses, and preparing key reports for both internal and external users.
Requirements
Duties and Responsibilities Support the day-to-day asset management of existing and under development properties. Perform cash flow modeling and update/reforecast proforma models. Analyze property income and expense financial data to identify areas of opportunity or concern that impact property performance. Review key operating metrics and identify financial trends. Perform budget-to-actual variance analyses and provide insights to management. Assist in the annual budgeting process, quarterly reforecasts, and monthly operational updates. Assist in the preparation of quarterly Investor Reports and preparation of weekly, monthly, and quarterly Asset and Portfolio Management Reports. Assist in the compilation of data and metrics required by the Sales Team. Track key economic data as well as multifamily fundamentals at the national, market and submarket level. Assist in the coordination, analysis, and other efforts for specific property needs related to lease up activity, recapitalization, disposition preparation, and major capital project implementations. Assist with due diligence in evaluating capital projects and renovations. Conduct portfolio and property-level research projects, utility expense analysis, and review ancillary income contracts and payment schedules to identify business opportunities. Review real estate tax assessments and participate in discussions with third-party real estate tax consultants regarding tax appeal strategies. Review annual insurance renewals and help manage associated tracking system. Review loan documents, and complete loan abstracts, for loan management and compliance purposes. Coordinate with other departments and respond to any requests for property-level data and metrics to report to investors, lenders, partners, or others.
Requirements Relevant Work Experience : Up to 2 years' experience in the commercial real estate industry, preferably within the multifamily sector. Internship experience acceptable. Education:
Bachelor's degree in Business Administration, Real Estate, Finance, Accounting, Economics, Real Estate Development or related field, or equivalent combination of education and experience. Knowledge and Skills:
Exceptional financial and numerical analytical skills. Demonstrated passion for real estate. Team player with a commitment to excellence and a high level of integrity. Strong quality and detail orientation. Computer Skills:
Advanced proficiency in Microsoft Excel and PowerPoint. Familiarity with CoStar, RealPage and other Business Intelligence and Revenue Management systems a plus.
Salary and Benefits
Griffin Capital's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations. The base salary range for this full-time position is $70,000-$130,000 + annual bonus eligibility + benefits.*
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: Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service. Paid annual company holidays. 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.
Salary Description
$70,000 - $130,000