We report on first-principle calculations on magnetic proximity effect in a van der Waals heterostructure formed by a graphene monolayer induced by its interaction with a two-dimensional (2D) ferromagnet (chromium tribromide, CrBr3). We observe that the magnetic proximity effect arising from the spin-dependent interlayer coupling depends sensitively on the interlayer electronic configuration. The proximity effect results in spin polarization of graphene orbital by up to 63.6 %, together with a miniband splitting band gap of about 73.4 meV and 8% enhancement in magnetic moment (3.47${mu}$B/cell) in heterostructure. The position of the Fermi level in the Dirac cone is shown to depend strongly on the graphene-CrBr3 interlayer separation of 3.77 Angstrom. Consequently, we also show that a perpendicular electric field can be used to control the miniband spin splitting and transmission spectrum. Also, the interfacial polarization effect due to the existence of two different constituents reinforces the conductivity via electrostatic screening in the heterolayer. These findings point toward potential nanoscale devices where the electric field driven magnetic proximity effect can lead to unique spin controllability and possible engineering of spin gating.