Senior Analyst, Real Estate Asset Management, HIMCO

The Hartford • Hartford, CT

60d • Hybrid

About The Position

HIMCO (The Hartford Investment Management Company) is seeking an experienced Real Estate Asset Manager to manage a variety of equity and debt assets as part of their $13 billion Private Real Estate Portfolio. The Senior Analyst, Real Estate Asset Management will be responsible for a group of real estate assets, acting as the primary strategic and relationship manager for these equity and debt investments. They will collaborate closely with multiple internal functional areas, working in a dynamic and fast-paced environment. This role will be based in our Hartford, CT Home Office, on a hybrid basis (Tuesday-Thursday).

Requirements

• A minimum of 5 years of relevant real estate equity asset management or other similar real estate investment experience overall.
• Experience with all, or a majority of the following items: Debt assets (loans) and/or loan documents (either as lender or borrower) Construction loans and/or equity development assets RE equity assets representing all major property types (especially multifamily, industrial, office and retail) Joint venture structures/documents and managing JV relationships, property management relationships, and management of third-party debt on equity assets Multifamily common area & apartment unit renovation programs
• General knowledge of fundamentals of various Real Estate asset sectors and associated demand drivers is required (including apartments, industrial, office, retail assets) and strong knowledge regarding a variety of major US geographic markets and trends is required, including experience with assets in urban, inner ring and suburban locations.
• Practical use of various third-party research and online data sources to aid in decision-making is required.
• Strong understanding of real estate financial statements for property-level reporting, borrower financials, and tenant credit review. Real Estate Accounting experience/exposure a plus.
• Ability to thrive in a fast-paced and deadline-driven environment and balance multiple competing priorities; strong work ethic.
• Strong interpersonal and teamwork skills required. Strong written and verbal communication skills are required, able and willing to travel within the U.S. up to ~20% of the time.
• Proficiency in ARGUS Enterprise, Excel, and MS Office Suite products required.
• A Bachelor's degree or equivalent work experience is required; an advanced degree is a plus.

Nice To Haves

• General exposure to US industry groups including NCREIF, MBA, NMHC, IREM, ICSC, and others a plus.

Responsibilities

• The Senior Analyst will be the primary person responsible for the performance and investment management for an assigned group of real estate debt and equity assets. Property types in the portfolio generally include multifamily, industrial, office, retail, and self-storage.
• The candidate will maintain an asset management focus toward delivering the best potential asset performance, while managing risk to an accepted strategic level.
• Debt asset management work will include tracking loan performance, analyzing key risk metrics on commercial mortgage loan assets, valuing debt collateral, performing risk ratings for loans and other tasks. Loans include fixed and floating rate debt structures. The Senior Analyst will promptly address borrower requests and review any potential loan modifications.
• Overall responsibilities will also include the management, risk evaluation, and review of construction loan draws.
• For Equity assets, the candidate will be responsible for managing the Joint Venture partner relationships, understanding (and applying) our legal rights and obligations, and managing any third-party debt held on these assets.
• Equity asset work will also include performing asset valuations and summaries, analyzing and managing annual budgets, and overseeing construction/renovation projects. The Senior Analyst will work with the JV partner and/or Property Management firm to monitor rent rolls and lease expirations, review tenant credit, track operating expenses, and oversee capital expenditures.
• Provide expedient answers, updates and thoughtful service for clients as related to managed assets as needed.
• As a member of the Asset Management team, provide input on market trends based on asset experience and research, work collaboratively with other members of Private Real Estate to share ideas and best practices, and assist in any department-wide special projects as needed.
• Work collaboratively with other team members, both within our team and throughout the firm. The candidate will be a hard-working, efficient, self-directed worker that enjoys working with a great team and supports our positive culture.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees