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.
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.
Qualifications
- 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
- MBA, CFA, or other advanced business or investment designation preferred
- 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
This position supports Cigna Investments, Inc., an investment adviser registered with the United States Securities and Exchange Commission (“SEC”). 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. These requirements and restrictions apply to the Access Person and all securities transactions in accounts in which an Access Person has a Beneficial Interest.
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About Cigna Healthcare
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
