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Assistant Vice President Portfolio Analyst Commercial Real Estate

Aflac

Office Multifamily Hospitality

Manhattan, NY

Salary Estimate: $59,000.00 - $142,000.00

Employment Type: Full Time

Work Place: Hybrid

Experience Required: 5+ to 7 years

Education Required: 4 Year College

Job Description

Please click on the link to complete your application for this role: https://careers.aflac.com/job-invite/7930/

About Our Company

Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments) is a wholly owned subsidiary of Aflac Incorporated (Aflac). Aflac Global Investments (GI) located in New York’s financial district and is the organization responsible for the overall investment activities of Aflac, Inc. and subsidiaries in Japan, Bermuda, and the U.S. With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements. GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships) which generates approximately $3.5 billion a year in net investment income. As of year-end 2024, Aflac’s total general account portfolio was approximately $100 billion.

The investment teams support GI’s overall goals and objectives by providing market insight and in-depth knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets utilizing both internal teams and external third party asset managers.

Job Summary

Within Aflac Global Investments, a wholly owned subsidiary of Aflac, Inc., the Portfolio Analyst will support the commercial real estate and real estate owned portfolios that are managed through existing and new mandates, external managers. As a key contributor, the candidate must have technical fluency with respect to commercial real estate, real estate owned, credit fixed income assets and capital markets. The qualified candidate will have knowledge of the monitoring and oversight requirements for the investing of an insurance company investment portfolio. This position will collaborate across the GI investment platform in execution of approved investment initiatives. The individual will also be liaison with the firm’s business partners in the remit of the approved investment initiatives.

Reports to: Vice President, Portfolio Manager – Real Estate Owned

Principal Duties & Responsibilities

· Manage and monitor existing and new commercial real estate mandates, managers, deployment, guidelines compliance, performance monitoring and attribution. Provide quantitative, qualitative, and peer group analysis essential to creating and maintaining robust knowledge of commercial real estate and external asset managers. Support and maintain manager relationships alongside the Portfolio Manager and regularly review manager data and monitor for manager delivery of IMA and SLA and guidelines

· Research, develop investment theses and analyze new and existing commercial real estate investments, asset class and market opportunities through the candidate’s existing and prospective networks of external asset managers, in alignment with GI’s goals and objectives.

o Conduct financial analysis including cash flow projects, budgeting, financial modeling to the performance and potential of each property and loan

o Assist to oversee properties in the portfolio through broker management including property operations, site inspections, capital improvements, and market analysis while maximizing property values through rental income and occupancy rates

o Actively monitor and analyze loan asset-level performance, identify potential market/credit risks and develop an action plan to address any issues and provide strategic guidance

o Assist in enhancing asset management reporting, asset level and portfolio analytics, and industry best practices

o Produce frequent portfolio impact analysis factoring asset acquisitions, dispositions, and upside/downside scenarios

o Knowledge of investment accounting, tax, legal specific to real-estate owned assets and commercial loans is a plus

· Conduct internal review/approval processes and investment due diligence responsibilities for on-boarding of new external mandates and CRE investment strategies

· Support the delivery of relevant and in-depth intelligence on global capital markets, asset managers and competitors and asset class expertise across the risk spectrum, with an emphasis on maintaining corporate intelligence on and sourcing appropriate risk-adjusted private investment and lending opportunities

· Manage the delivery of quantitative and qualitative data and analysis by working closely with EMP colleagues and GI’s Business Intelligence team. Assume responsibility for accuracy and timely delivery of information as required by the team’s reporting function

· Collaborate with key stakeholders including the Chief Investment Officers, business unit heads, and business partners across Aflac Inc., Aflac Japan and Aflac US

· Coordinate all related asset class, external manager and portfolio communication with US and Japan EMP team and corporate business partners

· Perform special projects as required including participation in GI and Aflac workstreams

Education/Experience:

· 6 years of direct experience with 3-5 years as a portfolio analyst and/or portfolio management support or similar experience focused on Commercial Real Estate. Ideal candidate will have direct experience managing real estate with a focus on credit fixed income assets in an institutional investment environment. This includes commercial real-estate loans, commercial real estate equity, real estate owned assets, etc.

· Undergraduate degree in Engineering, Economics, Mathematics, Statistics, Finance or related field; Master’s Degree and/or CFA welcomed.

Skills/Knowledge:

The qualified candidate will have credible experience and available references demonstrating the following attributes:

Strong demonstrated experience in financial modeling and CRE loan and property financial analyses
Strong demonstrated experience in supporting new investment opportunities given knowledge of commercial real estate capital markets, asset classes, asset managers and investment frameworks in life insurance companies
Experience in Accounting, Tax, Regulatory, Legal, Audit, Compliance matters in relation to assigned asset classes and markets, with particular expertise in life insurance company investing
Robust knowledge of investments and global capital markets, with experience in investing prudently and effectively in complex, constrained insurance and/or financial organizations
Must have experience in delivering projects, including on tight delivery timeframes and to executive audiences
Proven ability to execute on goals, prioritize and work with teams to meet deadlines
Demonstrated effectiveness in working and collaborating in team environment within and across multiple functions, notable if across time zones and cultures
Experience in navigating and effectively handling socialization and governance in complex organizations
Excellent verbal and written communication skills
Excellent critical thinking, quantitative and analytical skills
Aptitude to manage and rationalize data from various sources
Advanced skills in Excel for sourcing, managing and assembling data for ad hoc analysis, formal projects and reporting deliverables
Undergraduate university credentials; advanced study in relevant field a plus
Prefer CFA or equivalent professional qualifications
Experience with Japan insurance company investing and regulatory risk frameworks a plus

Technical Skills:

· Microsoft Office Suite (Excel, Access, PowerPoint, Word, Outlook)

Please click on the link to complete your application for this role: https://careers.aflac.com/job-invite/7930/

Portfolio Management