<p>We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.Position Summary:The Senior Manager, Real Estate & Impact Investments Asset Management plays a leadership role in overseeing and optimizing the performance, risk profile, and strategic positioning of Aetna's diversified real estate investment portfolio, including commercial mortgage loans, affordable housing equity (LIHTC), and joint venture equity investments. This role is responsible for independent asset oversight, proactive risk identification, and delivery of high-quality portfolio insights to senior leadership. The Senior Manager partners closely with Investment Managers, Finance, Legal, and external stakeholders to drive disciplined asset management practices, enhance portfolio transparency, and support enterprise investment objectives.Primary Job Duties & Responsibilities:Portfolio Management & Performance OversightProvide day-to-day asset management leadership for a portfolio of real estate investments, with accountability for performance monitoring, issue identification, and follow-through on resolution.Oversee review and analysis of borrower, operator, and syndicator reporting, ensuring accuracy, completeness, and consistency with investment expectations and governing documents.Lead annual and quarterly asset reviews, including cash flow analysis, operating performance, compliance status, valuation considerations, and risk ratings.Identify performance trends and emerging risks across the portfolio, escalating material issues and recommended actions to senior leadership.Risk Management & Asset StrategyIndependently manage higher-risk or more complex assets, including loans requiring enhanced monitoring, restructurings, extensions, consents, or modifications.Develop and recommend asset-level strategies to mitigate risk, preserve value, and support long-term investment objectives.Evaluate market conditions, sponsor performance, and regulatory developments to assess potential impacts on asset performance and portfolio risk.Contribute to problem-asset framework development and ongoing portfolio risk assessments.Reporting, Forecasting & Portfolio InsightsLead preparation and refinement of portfolio-level reporting, providing clear, decision-useful insights for senior management and cross-enterprise stakeholders.Review and challenge financial models related to net investment income, tax credit delivery, valuations, and scenario analyses.Ensure data integrity and alignment across internal systems, reports, and presentations.Translate complex asset and portfolio information into concise narratives suitable for executive, committee, and enterprise audiencesInvestment Operations & Post-Close ManagementOversee post-close asset management activities, including capital funding coordination, rate lock processes, and compliance with approval requirements.Review and approve capital calls, budgets, and cash flow projections for joint venture investments, ensuring alignment with governing agreements.Serve as a key internal resource for interpreting partnership agreements, loan documents, and asset management provisions.Process Improvement & TechnologyLead initiatives to enhance asset management processes, reporting tools, and technology platforms in coordination with Asset Management leadership and IT partners.Identify opportunities to improve efficiency, controls, and data quality across asset management workflows.Provide guidance and informal mentorship to junior team members, supporting skill development and consistency in asset management practices.Contribute to special projects, portfolio reviews, and enterprise initiatives as a subject-matter expert in real estate asset management.Required QualificationsKnowledge of:Advanced understanding of commercial mortgage loans, LIHTC equity, and joint venture investments, including structure, lifecycle risk, and performance drivers.Asset-level and portfolio-level risk management practices, including early-warning indicators, valuation considerations, and downside scenarios.Financial reporting, underwriting assumptions, operating statements, and partnership mechanics sufficient to independently review, challenge, and guide analyses.Internal controls, compliance requirements, and asset management governance frameworks.Skill In:Leading complex financial and operational reviews with sound judgment and attention to detail.Communicating clearly and effectively with senior stakeholders, translating technical information into actionable insights.Prioritizing and managing multiple assets and deadlines in a fast-paced investment environment.Leveraging Microsoft Excel, PowerPoint, and enterprise systems to support high-quality analysis and reporting.Utilizing Microsoft Copilot and other AI-enabled tools to enhance efficiency and insight generation, with appropriate oversight and validation.Ability To:Exercise independent judgment while operating within established investment and risk frameworks.Proactively identify issues, develop recommendations, and drive execution in collaboration with cross-functional partners.Influence outcomes without direct authority, building trust with internal teams and external counterparties.Maintain professionalism, discretion, and reliability when handling sensitive financial, legal, and investment information.Support team initiatives and enterprise priorities through leadership, collaboration, and continuous improvement.Preferred QualificationsFamiliarity with LIHTC program fundamentals and real estate market trends.Experience overseeing higher-risk or underperforming assets.Interest in impact investing and ESG principles.EducationRequired: Bachelor's degree in Finance, Real Estate, Accounting, Economics, or a related field.Preferred: Advanced coursework or professional experience in real estate finance, affordable housing, or impact investing.Prior Relevant Work ExperienceRequired: 6-10 years of progressive experience in real estate asset management, investment management, lending, consulting, or a related discipline, with demonstrated responsibility for asset-level decision.Pay RangeThe typical pay range for this role is:$130,295.00 - $260,590.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program. Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.This full-time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.Additional details about available benefits are provided during the application process and on Benefits Moments.We anticipate the application window for this opening will close on: 04/27/2026Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.</p>