Managing Director, Alternative Investments - Hybrid

The Cigna Group • Bloomfield, CT

1d • 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. This role is within the Alternative Investments team, where the successful candidate will take a lead role in sourcing, evaluating, and executing attractive new investment opportunities with third-party fund managers. The position involves collaborating with experienced investment professionals to identify best-in-class investment opportunities, performing rigorous analysis, conducting research, and contributing to decisions that influence overall portfolio performance. This is a Band 5 Management Career Track Role. The position supports Cigna Investments, Inc., an investment adviser registered with the United States Securities and Exchange Commission (“SEC”), and the successful candidate will become an Access Person of CII required to comply with the personal trading requirements and restrictions contained in CII’s Code of Ethics.

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