Manager, Asset Management - Rexford Industrial
Los Angeles, CA
About the Job
Rexford Industrial Realty, Inc. (NYSE: REXR) is a leading, publicly traded industrial real estate investment and management company operating a $13 Billion industrial real estate portfolio.
Manager, Asset Management
The Asset Manager at Rexford Industrial is an important role responsible for overseeing the performance of our industrial property portfolio. The Asset Manager will help develop and implement strategies to enhance the value of the assets, increase operational efficiency, and facilitate interdepartmental collaboration. We ask that you understand the industrial real estate market and analyze data and trends to make informed decisions. You will report to the Director of Asset Management.
Joining Rexford Industries as an Asset Manager offers an exciting opportunity to work with a dynamic team in a successful and growing industry. You will help shape our asset-level strategies and contribute to Rexford's continued success.
This position is located in Southern California with a hybrid work environment, reporting to the Managing Director, Asset Management. 25% travel is required.
About The Role
- Lead the development of asset strategic plans in collaboration with Leasing, Property Management, Development and Investments.
- Identify opportunities to improve property performance and implement plans to achieve growth and profitability targets.
- Participate in the scoping of property-level improvements and support team decision making with financial analysis.
- Draft strategy and capital approval memorandums.
- Evaluate investment opportunities, make data-driven recommendations and monitor financial performance.
- Collaborate with the leasing team to develop leasing strategies and ensure tenant retention.
- Identify and assess risks associated with the portfolio and develop risk mitigation plans.
- Stay up to date with industry trends, market dynamics, and regulatory changes that may influence the assets.
- Work with Property Management and Finance to prepare annual operating budgets for each property.
- Establish performance metrics and key performance indicators (KPIs) for assets. Analyze the performance of each property against these indicators and implement improvements.
- Analyze capital expenditure plans for renovation, repositioning, and development projects.
- Communicate with senior management and other partners to provide updates on property performance, asset strategies, and financial results.
- Manage and mentor analysts to ensure team engagement and team member growth and development.
About You
- Bachelor's degree in Finance, Real Estate, Business Administration, or related field.
- 7+ years prior institutional level industrial real estate asset management experience.
- Experience with commercial real estate, specifically in asset management, property management, or real estate finance.
- Strong verbal and written communications skills and ability to work collaboratively on interdepartmental teams.
- Financial knowledge and proficiency in financial analysis, budgeting, and forecasting.
- In-depth knowledge of the industrial real estate market, including market trends, tenant demands, and competition.
- Proficiency in using real estate software and tools, including property management systems, preferably Yardi, and financial modeling software such as Excel and Argus.
- Experience managing analysts a plus.
Rexford Industrial's reward plan includes great benefits packages, bonus eligibility and long-term stock incentives. The expected annual base salary range for this role is $130,000 to $160,000, a 20% discretionary annual bonus target and stock grant eligibility.* The actual base salary and total compensation offered depend on a variety of factors, which include, without limitation, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location where the job will be performed. The final base salary and total compensation will be described in any offer letter.
What We Offer
- Comprehensive Benefits Package Including Medical, Dental, Vision, and Life Insurance.
- Unlimited Paid Time Off
- Bonus Eligibility & Long-Term Incentives
- 401(k) Employer Match Program
- Professional Development Resources
- Robust Health & Wellness Program
- Volunteer and Community Engagement Opportunities
- Employee Resource Groups committed to Diversity, Equity, and Inclusion.
We are committed to equity in all steps of the recruitment and employment experience. We celebrate diversity and are committed to promoting an inclusive environment for all employees. We do not discriminate based on race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
In accordance with the California Consumer Privacy Act ("CCPA"), Rexford Industrial Realty, Inc. ("Rexford") makes the following disclosure: in connection with an application for employment at Rexford, Rexford is collecting the categories of personal information requested in the application for the purpose of evaluating a potential employment relationship with the applicant. Rexford does not sell personal information. To learn more about Rexford's privacy policy, please visit https://www.rexfordindustrial.com/privacy-policy
*These stock grants are subject to approval by the Compensation Committee of the Board of Directors, are currently subject to vesting over a four-year period, with 25% of the grant vesting per year, and require continued employment on the grant date and each applicable vesting date. Actual bonus and stock grants are discretionary based on company and/or individual performance determined by Rexford Industrial in its sole discretion, and the amount of any such bonus and/or stock grant may be less or more than the targets (and may be zero). You must remain employed through the payment date of any such bonus and/or vesting to be eligible for payment/vesting.
