The Hartford is an insurance company committed to making a difference, and they are seeking an Assistant Asset Management Operational Analyst to support operational and analytical activities for a significant private real estate portfolio. The role involves providing investment operational support, performing data analysis, and collaborating with various internal teams in a dynamic environment.
Responsibilities
- Assist in reducing operational risk for the Private Real Estate team by supporting best execution for clients, improving asset performance, and managing risk within the approved strategies
- Support data analysis and reconciliation, accounting-related initiatives, client reporting, and technology enhancements; contribute to business continuity analytics, internal/external audits, Compliance support, and special projects
- For the active commercial mortgage loan (CML) portfolio, partner with the loan servicer to ensure timely processing of debt service payments and completion of required insurance placement and insurance risk monitoring; verify annual property inspections and address servicing projects
- Work with the Closing team to facilitate new loan and equity closings, including tracking legal documents, financial statements, and settlement statement details to support a smooth post-closing transition to Asset Management
- Review quarterly reports and capital activity notices for real estate limited partner (LP) funds and Low-Income Housing Tax Credit (LIHTC) investments
- Support the team in managing real estate debt and equity assets across property types including multifamily, industrial, office, retail, and self-storage
- Support debt asset management activities, including tracking loan performance; analyzing key risk metrics; assisting with collateral valuations; and performing loan risk rating reviews across fixed- and floating-rate structures. Assist Asset Managers in responding to borrower requests, evaluating potential modifications, and coordinating follow-up actions
- Assist with construction loan administration, including draw processing, monitoring, and ongoing risk evaluation
- Support the asset management of joint venture equity investments, including coordination and oversight of any third-party debt associated with these assets
- Assist with equity asset management activities, including valuations and asset summaries; annual budgeting; monitoring construction/renovation projects; reviewing rent rolls, lease expirations, and tenant credit; tracking operating expenses; and overseeing capital expenditures
- Provide timely, accurate updates and responsive client service related to managed assets, as needed
- Collaborate with other members of Private Real Estate to share ideas and best practices, and support department- and company-wide initiatives and special projects, as needed
- Demonstrate strong ownership, attention to detail, and the ability to work independently while contributing to a collaborative, positive team culture
Skills
- Bachelor's degree or equivalent work experience required
- Basic understanding of Real Estate Accounting, GAAP Reporting and financial statements (including property-level operating statements, balance sheets, and borrower-specific financials)
- Ability to prioritize and manage multiple deliverables across teams while meeting deadlines
- Strong written and verbal communication skills
- Proficiency with Excel, Word, and other Microsoft Office applications (e.g., PowerPoint)
- Coursework in Finance, Accounting, Economics, Real Estate Investments, and/or other investment asset types
- Tenant credit analysis is a plus
- Knowledge of investment accounting and investment operations is beneficial
- Commercial real estate or related finance experience is a plus, including internship experience
- Understanding of fundamental drivers across real estate sectors is a plus (e.g., multifamily, industrial, office, and retail)
- Familiarity with major U.S. geographic markets and/or third-party research and online data sources is a plus (e.g., CoStar, Green Street, CBRE research)
- Familiarity with AI-assisted tools (such as CoPilot) to improve efficiency and accuracy in processes, research, and reporting is a plus
Benefits
- Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition.
Company Overview
The Hartford is an industry leading provider of property and casualty insurance, group benefits and mutual funds. It was founded in 1810, and is headquartered in Hartford, Connecticut, USA, with a workforce of 10001+ employees. Its website is http://www.thehartford.com.