Asset Management Analyst, Travelers

Minneapolis-St. Paul

Travelers is currently looking to add an Asset Management Analyst to support its Real Estate Equity team. The role will work closely with Travelers’ Real Estate Asset Management team who manage its 17 million square portfolio of office, industrial, and retail properties located in 13 US markets. Any questions can be sent to Alex Verbeten at averbete@travelers.com. Apply online »

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Analytics & Research

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$57,800.00 - $95,400.00

Target Openings

1

What Is the Opportunity?

The Asset Management Analyst, provides analytical support to the Real Estate Investment Group. Works closely with Real Estate Asset Managers to develop the required analytics to effectively monitor the Real Estate portfolio's leasing activity. Leasing analytics are used by the Investment Division and within the Company's audited financial statements. Reports to the VP, Real Estate Investments. This role does not manage others.

Travelers offers a hybrid work location model that is designed to support flexibility.

What Will You Do?

• Review lease information for approximately 260 annual leasing transactions. Using a Department software package, maintain a current database of lease financial metrics, rent schedules, and lease language clauses for the entire portfolio. Using a Department software package, monitor changes in financial metrics between new lease transactions and previous lease transaction. The Asset Management Analyst will spend approximately 75% of their time on this task.
• Collect individual monthly property occupancy data. Consolidate into occupancy reports for Department Head and Asset Managers.
• Provide monthly report package to Department Head showing current month’s leasing transactions and YTD leasing transactions segmented by individual property.
• Respond to ad hoc requests for additional leasing analysis made by TRV Risk Management and Investment Accounting.
• Assemble Quarterly Real Estate Department report package. This is comprised of 20 plus reports and summaries that provide commentary on the Department’s performance and position.
• Assemble Real Estate Department slides for inclusion in the Quarterly Investments Report provided to TRV Board of Directors. Slides provide an overview of purchases & sales, the portfolio’s most valuable assets, geographic distribution of properties, year to date leasing, and national property occupancy statistics.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Previous experience with real estate leases and their associated financial metrics is preferred.
• Proven ability to master new software packages
• Strong math skills (addition, subtraction, multiplication, division)
• Strong effective written and oral communication skills
• Able to work effectively under regular monthly and quarterly deadlines
• Excellent time management and organizational skills
• Able to maintain strict confidentiality and integrity
• Able to work independently as well as in a team environment
• Effectively allocate resources to workload/ projects
• Proficient in Microsoft Word, Outlook, Excel and PowerPoint

What is a Must Have?

• High school diploma is required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.