---
title: 'Manager, Portfolio Administration at Ullico'
canonical: 'https://feeny.ai/job/manager-portfolio-administration-ullico-bethesda-9h1j62raq2m8'
type: 'job'
last_seen: '2026-11-10'
---

# Manager, Portfolio Administration at Ullico

- **Company:** Ullico
- **Location:** Bethesda, MD
- **Compensation:** $100k–$120k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-11-06
- **Last confirmed live:** 2026-11-10
- **Apply:** https://jobs.lever.co/ullico/119d6ed4-3c90-4e8f-8371-538d463d04b2

## Job description

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting a Manager, Portfolio Administration, to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position manages day-to-day tracking of Ullico loan commitments to support funding availability and liquidity forecasting. Prepares departmental activity reports for management and other business units. Supervises assigned administrative staff. Manages paper and electronic real estate loan files from application through payoff, coordinates filing procedures, monitors documentation, and resolves routine issues and exceptions. Participates in loan closings, monitors loan compliance with established policies, procedures, standards, and conditions, and coordinates support for internal and external audits of loan functions and files.

Principal Duties and Responsibilities:

- Manages applications and commitments through loan closing and funding. Monitors documentation for completeness, including required information in applications and commitments, and tracks the distribution and receipt of applications, commitments, modification letters, fees, and expiration dates.
- Prepares monthly commitment, production, and liquidity reports for management. Researches and resolves issues within established procedures and coordinates the timely collection of information needed to meet reporting deadlines.
- Supervises assigned staff and maintains ongoing communication regarding performance expectations, department goals, and career development. Provides training, mentoring, and employee development support; prepares performance appraisals; and recommends or administers corrective action in consultation with Human Resources and department leadership, as appropriate.
- Coordinates, maintains, and oversees loan document storage operations. Implements the approved filing structure, monitors conformity with established real estate audit standards, establishes files, and collects required documentation.
- Processes and monitors required commitment fees. Reconciles applicable income accounts to the trial balance, verifies pre- and post-closing receipts, and prepares requests for approved disbursements of funds on co-investment commitments.
- Assists the loan closer in ensuring conformity with established standards and provides backup support when coordinating with Regional Vice Presidents and third parties involved in the loan closing process.
- Maintains exception reports, initiates follow-up actions within established procedures, and contacts appropriate parties to resolve outstanding items.
- Perform other similar and related duties as required.

## MINIMUM QUALIFICATIONS:

The ideal candidate will possess a bachelor’s degree in Business Administration, Finance, Real Estate, or a related field, along with 5 to 7 years of progressive experience in commercial real estate portfolio management, lease administration, or asset management. The role requires a strong understanding of lease structures, reconciliations, operating expense analysis, and financial reporting, as well as strong analytical and problem-solving abilities with a high level of attention to accuracy and data integrity. The candidate should have demonstrated experience leading and developing high-performing teams while fostering collaboration and accountability. Excellent communication and presentation skills are essential, including the ability to effectively influence stakeholders and senior management. The ideal candidate will also be a strategic thinker who can align portfolio operations with broader organizational objectives and possess strong organizational and project management skills, with the ability to manage multiple priorities in a fast-paced environment.

For over 95 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement. From insurance products for members, leaders and employers, to investments that have created thousands of union jobs, our customers continue to count on Ullico to protect them. The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, Inc.; Ullico Investment Company, Inc.; and Ullico Investment Advisors, Inc. Visit [www.ullico.com.](http://www.ullico.com)

Ullico is an Equal Opportunity Employer.

This organization participates in E-Verify.

The job posting will expire or renew after 30 days.

## About Ullico

## Company Overview
- **One-liner**: Ullico is the only labor‑owned insurance and investment company, dedicated to protecting and growing the North American labor movement.
- **Entity Type**: Private (labor‑owned, not publicly traded)
- **Headquarters**: Washington, D.C., USA
- **Founded**: 1927
- **Founders**: Founded by the American Federation of Labor (AFL) and its then‑president Samuel Gompers, with involvement from Matthew Woll

## Core Business
- **Primary industry**: Insurance and investment services focused on the union and multiemployer benefit plan market
- **Target customers**: B2B – union‑sponsored benefit plans, public employee benefit plans, union leaders, and signatory employers
- **Mission statement**: “To protect and grow the North American Labor Movement” by providing financial security to union members and their families

## Products & Services
- **Life & Health Insurance (Union Labor Life Insurance Company)**: Group life, health, and disability insurance products designed for union‑sponsored and public employee benefit plans. Retained 97% of in‑force group life business in 2025 and covered over 1.2 million members.
- **Property & Casualty Insurance (Ullico Casualty Group)**: Tailored liability insurance for union leaders, multiemployer fund fiduciaries, and signatory employers, including workers’ compensation alternative dispute resolution programs.
- **Investment Services (Ullico Investment Advisors)**: Real estate debt (“J for Jobs” – over $22 billion in loan financings since 1977), infrastructure funds (Ullico Infrastructure Fund – $6.7 billion AUM), real estate equity (Ullico Value‑Add Real Estate Fund I), and fixed‑income strategies (UIA Investment Management – $1.8 billion AUM).

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed (labor‑owned private company)
- **Key Metric**: Pre‑tax operating earnings of $78 million in 2025; total assets under management of $13.4 billion (as of December 31, 2025)
- **Notable Investors/Partners**: Owned by unions and their members. Key partners include the AFL‑CIO, multiemployer pension funds, and public employee benefit plans. A.M. Best rating: A (Excellent) for Union Labor Life.
- **Growth Signals**: Record highs in gross written premium for life/health and property/casualty divisions in 2025; AUM increased by $1.2 billion; new real estate equity fund raised $184 million (targeting $250 million by June 2026); launched new products for 2026 and beyond.

## Competitive Advantages
- **Only labor‑owned insurance and investment company** – deep alignment with union values and a mission‑driven approach.
- **Over 95 years of experience** in the union marketplace, with a strong track record of serving multiemployer and public benefit plans.
- **High retention and financial strength** – 97% retention of in‑force group life business and an A (Excellent) rating from A.M. Best.
- **Proven job creation** – “J for Jobs” program has created nearly 350,000 union jobs and over 700 million working hours since inception.

## Strategic Focus
- **Protect and grow the labor movement** through new insurance and investment products tailored to union needs.
- **Expand investment services** – grow assets under management, especially in infrastructure and real estate equity, while maintaining a focus on union job creation.
- **Continue to deliver record financial performance** while investing in new initiatives for 2026 and beyond.
- **Strengthen community impact** – contributed over $1.8 million to nonprofit organizations and charitable causes in 2025.

## Why Work Here
- **Mission‑driven culture**: Employees contribute to the financial security of American workers and the labor movement.
- **Comprehensive benefits**: Health/dental/vision, 401(k) with employer match, pension plan, paid parental leave, tuition assistance, professional certification programs, and an Employee Assistance Program (EAP).
- **Work‑life balance**: The company states it “strives to provide a positive work‑life balance” and fosters camaraderie through social and sports activities.
- **Location**: Based in Washington, D.C. (1625 Eye Street, NW). The office is likely hybrid or in‑person; the careers page does not specify remote policy.
- **Stability and growth**: Over 95 years old with record financial strength, offering a stable environment with opportunities for growth.

## Sources
1. [Ullico Careers](https://www.ullico.com/about-ullico/careers/)
2. [Ullico Homepage](https://www.ullico.com/)
3. [Ullico About Page](https://www.ullico.com/about-ullico/)
4. [Ullico 2025 Annual Report](https://www.ullico.com/app/uploads/2026/05/UL_AnnualReport_2025_Web-2.pdf)
5. [Wikipedia – Ullico](https://en.wikipedia.org/wiki/Ullico)

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