Cigna Investment Management – Real Estate Analyst - Hybrid

Cigna Investment Management (CIM) manages over $35 billion in assets on behalf of The Cigna Group, a publicly traded global health 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 ($5B 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 Analyst position, reporting to the Acquisitions Managing Director, will be responsible for supporting the origination, structuring and closing of new debt and equity investments that meet Portfolio return objectives.  This position requires a general understanding of CRI investment strategies, economic conditions, real estate fundamentals and existing investments in assigned territories.  The Analyst position requires taking ownership of all aspects of financial modeling and supporting the analysis of credit risk in an investment opportunity.  This position requires the ability to work with partners, borrower, brokers, third party vendors and internal relationships.  CRI’s strategy targets direct joint ventures in the range of $50 million to $150 million (GAV) and commercial mortgage loans in the range of $20 million to $60 million.

Responsibilities

• Responsible for new debt and equity investment underwriting. 
• Model cash flows and calculate investment level and partnership returns
• Analyze rent rolls and financial statements
• Perform market and tenant research
• Write sections of Investment Briefs
• Know underwriting guidelines and approval process
• Prepare all materials for investment presentation including Google Earth and PowerPoint Slides
• Co-recommend and co-present investment opportunities with manager through the credit process
• Lead closing process with internal (CRI Portfolio Management, Accounting, Operations etc.) and external (Legal Counsel, Third Party Consultants etc.) stakeholders. Meet deadlines. 
• Partner with CRI Asset Management team on underwriting of new investments and assist in all aspects of management of existing portfolio including business plans, valuations and recapitalizations.
• Responsible for maintaining and updating pipeline reports and competitive pricing report for assigned deals and markets. 
• Be consistently prepared for deal discussion meetings, read distributed materials and identify mathematical errors, spellings mistakes, inconsistencies and compliance with Cigna underwriting guidelines, strategy and tactics.  Attend all deal meetings. 
• Support manager in the development and maintenance of relationships with key Partners, Borrowers, and Intermediaries in assigned territories.
• Actively participate in Enterprise Improvement Initiatives and ad hoc special projects. Initiate enterprise improvements that add value, proactively create solutions that solve problems and take ownership of initiatives through implementation. 
• Continuously strive to expand real estate knowledge and expand skillset. 
• Travel to assigned territories.

Qualifications

• 0 to 3 years of real estate experience
• BA/BS in business, economics, finance, or other relevant field
• Ability to solve problems and work in growth environment

Core Competencies and Skills

• Acts with a sense of urgency
• Excellent written communication, verbal and analytical skills
• Strong Excel skills; proficient in Microsoft Office applications; Argus
• Ability to work as part of a team
• Problem solving and decision making skills
• Prioritizes work load and meets deadlines
• Ability to travel is required

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 The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. 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 require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.

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.