Director, Alternative Investments - Cigna Investment Management (CIM) - Hybrid

Cigna Healthcare • Bloomfield, CT

7d • Hybrid

About The Position

Cigna Investment Management (CIM) manages over $20 billion in assets on behalf of Cigna, a publicly traded global health services company. CIM’s assets are invested in public and private corporate bonds, commercial mortgages, private equity, private credit, real estate equity, public equity and short-term investments. Join our Alternative Investments team and take a lead role in sourcing, evaluating, and executing attractive new investment opportunities with third-party fund managers. In this role, you will collaborate with experienced investment professionals to identify best-in-class investment opportunities, perform rigorous analysis, conduct research and contribute to decisions that influence our overall portfolio performance. If you thrive in a dynamic environment and have a passion for private markets, we invite you to bring your expertise to CIM’s Alternative Investments team.

Requirements

• BA/BS in finance, accounting, or another quantitative field.
• 10+ years of overall business or investment experience.
• 6+ years of relevant experience in credit, private equity, or alternative investments.
• Strong quantitative and qualitative analytical skills.
• Strong communication skills (both verbal and written).
• Strong negotiation skills and familiarity with fund legal documentation.
• Technical proficiency in Excel, Word and PowerPoint.
• Ability to work collaboratively in a matrixed environment and manage multiple priorities.
• Strong interpersonal skills, intellectual curiosity, and comfort navigating ambiguity.
• Ability to accommodate both seasonal and ad-hoc travel (up to 20%).

Nice To Haves

• CFA, CPA, MBA, or other advanced financial certification.
• Experience in evaluating and closing limited partnership fund commitments and direct co-investment transactions.

Responsibilities

• Lead sourcing, evaluation and execution of limited partnership fund commitments and direct co-investment opportunities to generate attractive risk-adjusted returns.
• Serve as one of CIM’s asset class specialists in private credit, mezzanine debt, private equity secondaries and equity buyout strategies.
• Conduct on-site due diligence and lead underwriting efforts by analyzing fund strategies, track records, market dynamics, and risk considerations.
• Prepare and present investment recommendations to our investment committee.
• Negotiate terms, review legal documents, and collaborate with internal and external business partners to close fund commitments and direct co-investment opportunities.
• Monitor existing fund performance and maintain strong relationships with general partners.
• Synthesize market insights and share perspective on evolving trends across private markets.
• Partner closely with colleagues across asset classes, operations, finance, accounting and legal
• Assist with financial reporting, quarterly updates, and periodic portfolio reviews.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees