Cigna Investment Management - Real Estate Analyst - Hybrid
About the position 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 and external 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, spelling 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.
Requirements
- 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.
Nice-to-haves
- Strong Excel skills; proficient in Microsoft Office applications; Argus.
- Excellent written communication, verbal and analytical skills.
- 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.
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