Asset Manager

General Purpose/Summary of Job:

Vornado Realty Trust (NYSE: VNO) is an equity Real Estate Investment Trust (REIT) with over 30 million square feet of office and retail properties under management. With portfolio concentration in New York City, Vornado also owns premier assets of theMART in Chicago and the 555 California Street complex in San Francisco. Vornado’s reputation in the industry is one of unmatched quality and integrity. For more than ten years, Vornado has been a leader in environmental sustainability among REITs and large commercial landlords in New York.

The Asset Manager will play a critical role in supporting Vornado Realty Trust’s Class A retail assets. This position will provide analytical, financial, and operational support for premier street retail and mixed-use assets, working closely with cross-functional partners in Leasing, Finance, Property Management, Development, and Accounting, as well as external institutional investors and joint venture partners.

Key Responsibilities

• Collaborate with internal and external stakeholders to ensure timely communication of asset performance, capital expenditures, and operational initiatives.
• Partner with Leasing and Property Management teams to prepare financial reporting of leasing activity, capital projects, and repositioning strategies.
• Lead joint venture and lender reporting, including preparation of quarterly updates, variance analyses, and covenant compliance reviews.
• Maintain Argus and Excel models to reflect current performance and assumptions throughout the asset lifecycle.
• Monitor asset performance and key performance indicators relative to financial reporting, budgets, and strategic goals.
• Work in close partnership with leasing, design & construction, finance, legal, and property management teams to deliver coordinated asset strategies.
• Prepare and support the production and review of annual operating budgets, business plans, and reforecasts; coordinate information across departments to ensure accuracy and alignment.
• Prepare and maintain financial models, valuation analyses, and dashboards to support decision-making and strategic recommendations.
• Conduct financial analyses including refinancing, disposition, and redevelopment evaluations, as well as sensitivity and scenario modeling to guide asset strategies.
• Assist in ad hoc preparation of materials for senior management and investment committee presentations, highlighting key assets and portfolio-level insights.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Business, or related field; MBA or Master’s in Real Estate preferred.
• 5–8 years of experience in real estate asset management, investment analysis, or finance — preferably with institutional retail or mixed-use assets.
• Strong financial modeling skills with proficiency in Excel and Argus Enterprise.
• Demonstrated ability to interpret lease and loan documents, partnership agreements, and complex financial structures.
• Excellent written and verbal communication skills; comfortable interacting with senior executives, partners, and lenders.
• Highly organized, proactive, and resourceful, with the ability to manage multiple priorities in a fast-paced environment.
• Team-oriented, hands-on approach with strong attention to detail and analytical rigor.
  
  

The starting base salary for this New York position is expected to be between $150,000 to $200,000 annually. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law.

Vornado Realty Trust is not offering reimbursement for relocation expenses for this position located in New York, NY.

Vornado Realty Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual preference, age, status as a protected veteran, or status as a qualified individual with a disability.

Salary : $150,000 - $200,000