Director, Alternative Investments - Cigna Investment Management (CIM) - Hybrid Job at Cigna, Connecticut

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  • Cigna
  • Connecticut

Job Description

Cigna Investment Management (CIM) manages over $20 billion in assets on behalf of Cigna, a publicly traded global health services company.  CIM’s assets are invested in public and private corporate bonds, commercial mortgages, private equity, private credit, real estate equity, public equity and short-term investments. 

Join our Alternative Investments team and take a lead role in sourcing, evaluating, and executing attractive new investment opportunities with third-party fund managers.  In this role, you will collaborate with experienced investment professionals to identify best-in-class investment opportunities, perform rigorous analysis, conduct research and contribute to decisions that influence our overall portfolio performance. If you thrive in a dynamic environment and have a passion for private markets, we invite you to bring your expertise to CIM’s Alternative Investments team.

Responsibilities

  • Lead sourcing, evaluation and execution of limited partnership fund commitments and direct co-investment opportunities to generate attractive risk-adjusted returns.
  • Serve as one of CIM’s asset class specialists in private credit, mezzanine debt, private equity secondaries and equity buyout strategies. 
  • Conduct on-site due diligence and lead underwriting efforts by analyzing fund strategies, track records, market dynamics, and risk considerations.
  • Prepare and present investment recommendations to our investment committee.
  • Negotiate terms, review legal documents, and collaborate with internal and external business partners to close fund commitments and direct co-investment opportunities. 
  • Monitor existing fund performance and maintain strong relationships with general partners.
  • Synthesize market insights and share perspective on evolving trends across private markets.
  • Partner closely with colleagues across asset classes, operations, finance, accounting and legal
  • Assist with financial reporting, quarterly updates, and periodic portfolio reviews.

Qualifications

Required:

  • BA/BS in finance, accounting, or another quantitative field.
  • 10+ years of overall business or investment experience.
  • 6+ years of relevant experience in credit, private equity, or alternative investments.
  • Strong quantitative and qualitative analytical skills.
  • Strong communication skills (both verbal and written).
  • Strong negotiation skills and familiarity with fund legal documentation.
  • Technical proficiency in Excel, Word and PowerPoint.
  • Ability to work collaboratively in a matrixed environment and manage multiple priorities.
  • Strong interpersonal skills, intellectual curiosity, and comfort navigating ambiguity.
  • Ability to accommodate both seasonal and ad-hoc travel (up to 20%).

Preferred:

  • CFA, CPA, MBA, or other advanced financial certification.
  • Experience in evaluating and closing limited partnership fund commitments and direct co-investment transactions.

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.

Job Tags

Temporary work, Seasonal work, Local area, Work from home,

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