Director, Real Estate Asset Management

Director, Asst Asset Mgr - VZH6A6

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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 $12 billion (plus) Private Real Estate Portfolio. The Real Estate Asset Manager 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).

Responsibilities

• The Real Estate Asset Manager 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 Asset Manager 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 Asset Manager 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.

Qualifications

• A minimum of 7 years of relevant real estate equity asset management or other similar real estate investment experience overall.

• Experience with at least two or more of the following:

• Debt assets (loans) and/or experience with loan documents (either as lender or borrower)

• Construction loans and/or equity real estate development assets strongly preferred

• RE assets representing all major property types (multifamily, industrial, office and retail) is desirable

• Joint venture structures/documents and managing JV relationships, property management relationships, and management of third-party debt on equity assets is a plus

• 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.

• Able 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.

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

• Proficiency in ARGUS Enterprise, Excel, and MS Office Suite products required.

• The candidate must be highly supportive of Diversity, Equity and Inclusion initiatives and hold at least a basic knowledge of industry ESG initiatives for Real Estate assets.

• A Bachelor's degree or equivalent work experience is required; an advanced degree is a plus.

About the Firm

Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Financial Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Financial Services Group, Inc. (The Hartford). HIMCO is an insurance asset manager with approximately $108 billion in assets under management across the global fixed income and alternatives markets (as of March 31, 2024). The firm manages assets on behalf of The Hartford, as well as insurance, sub-advisory and other institutional clients.

As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings, and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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