Cigna Investment Management - Real Estate Senior Vice President - Hybrid

Cigna Healthcare•Bloomfield, CT

6d•Hybrid

About The Position

Cigna Investment Management (CIM) manages over $30 billion in assets on behalf of Cigna, a publicly traded global health services company. CIM’s assets are invested in public bonds, private placement securities, commercial mortgages, real estate equity, mezzanine debt, private equity, equity securities, warrants, commercial paper, certificates of deposit, municipal securities, mutual fund shares, United States government securities, options contracts on securities, futures contracts on intangibles, money market funds, derivatives, structured notes, exchange traded funds and hedge funds. Cigna Realty Investors (CRI) is the real estate investment division of CIM. CRI’s mission is to be a boutique real estate investor focused on delivering superior long-term returns. CRI manages a diverse real estate portfolio ($6 billion of AUM) consisting of joint venture equity partnerships, third party managed investments, high yield investments, and commercial mortgages. CRI is a relationship driven company focused on doubling its commitment to its equity and high yield businesses with an emphasis on apartment and industrial opportunities. The Senior Vice President position, reporting to Acquisitions/Fund Management Managing Director, will be responsible for sourcing and managing third party fund investments across assigned managers and serving as portfolio manager for separate managed accounts.

Requirements

10+ years of experience in real estate acquisitions, asset management, portfolio management, or fund management
BA/BS in business, economics, finance, or a related field
Experience with third-party managed funds
Portfolio management experience with SMA construction and asset management
Experience managing capital market relationships with banks, insurance companies, debt funds, brokers, and partners
Experience generating and managing debt or equity investments across property types, including underwriting and valuation
Strong problem-solving skills and ability to thrive in a fast-paced environment
Demonstrates urgency and initiative
Excellent written, verbal, and analytical skills
Advanced Excel skills; proficient in Microsoft Office
Direct real estate investment expertise
Strong team player

Nice To Haves

MBA, CFA, or other advanced business or investment designation preferred

Responsibilities

Source and manage third-party fund investments, supporting Portfolio Management to meet CRI performance goals.
Maintain strong relationships with assigned third-party fund managers through regular communication and deep knowledge of fund holdings.
Fulfill annual and quarterly Portfolio Management reporting requirements by monitoring and reporting on fund activity and performance.
Contribute to updates of CRI’s surplus equity and high-yield investment strategy.
Demonstrate understanding of CRI investment strategies, macroeconomic trends, real estate fundamentals, and portfolio holdings.
Serve as Portfolio Manager for a Separate Managed Account (SMA).
Construct the SMA portfolio, collaborate with Acquisitions to underwrite new investments, and approve annual business plans for each asset.
Lead the preparation and presentation of credit materials for new investments.
Secure investment committee approvals, oversee all closing activities with internal and external partners, and ensure thorough process management.
Review and improve processes as needed to ensure Acquisitions, Portfolio Management, Fund Management, and Asset Management teams have the tools to succeed and deliver high-quality work.
Engage in Enterprise Improvement Initiatives and special projects.
Initiate enhancements, proactively solve problems, and take ownership of implementation.
Support managers and peers in achieving production and return targets for Third-Party Managed Funds.
Provide training and development, delegate tasks and empower analysts to take ownership.
Share responsibility and accountability.