AVP, Portfolio Analyst

AFLAC, INCORPORATED.; New York (NY); Hybrid; USD 59,000 - 142,000; Full time

Job summary

Aflac Global Investments is seeking a Portfolio Analyst in New York to manage commercial real estate portfolios. The role involves conducting financial analyses, collaborating across teams on investment strategies, and ensuring compliance with investment guidelines. Ideal candidates will possess significant experience in commercial real estate investing and strong analytical skills.

Benefits

Medical, dental, and vision coverage

401(k) plans

Generous paid time off

Flexible spending accounts

Qualifications

• 6 years of experience in portfolio management with 3-5 years as a portfolio analyst.
• Direct experience managing commercial real estate assets.

Responsibilities

• Manage and monitor commercial real estate mandates and managers.
• Conduct financial analysis including cash flow projections and budgeting.
• Produce portfolio impact analysis and support delivery of quantitative data.

Skills

Financial modeling

Quantitative analysis

Analytical skills

Communication

Education

Undergraduate degree in Engineering, Economics, Mathematics, Statistics, Finance

Master’s Degree and/or CFA

Tools

Microsoft Office Suite

Job description

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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.

• 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.
  • Conduct financial analysis including cash flow projects, budgeting, financial modeling to the performance and potential of each property and loan
  • 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
  • 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
  • Assist in enhancing asset management reporting, asset level and portfolio analytics, and industry best practices
  • Produce frequent portfolio impact analysis factoring asset acquisitions, dispositions, and upside/downside scenarios
  • 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
• Managethe 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 note: Aflac Global Investments'hybrid working environment requires a minimum of 3 days in the office each week

The range on this positions is: $59,000 to $142,000

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting. Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, and generous paid time off. You’ll also be granted time off for designated paid holidays and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick, adoption and parental leave, in all states and localities.

We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.

Nearest Major Market: Manhattan
Nearest Secondary Market: New York City