---
title: 'Sr. Portfolio Analyst at Ullico'
canonical: 'https://feeny.ai/job/sr-portfolio-analyst-ullico-chicago-retwm8s58hd8'
type: 'job'
last_seen: '2026-09-15'
---

# Sr. Portfolio Analyst at Ullico

- **Company:** Ullico
- **Location:** Chicago, IL
- **Compensation:** $120k–$157k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-04-15
- **Last confirmed live:** 2026-09-15
- **Apply:** https://jobs.lever.co/ullico/223be6b2-cae3-43cf-99d6-71d0b1de3193

## Job description

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting a Senior Portfolio Analyst 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 reports to the Regional Vice President and is located in our Chicago, IL office.

Job Duties:

- Maintain overall statistics and financial performance analysis for the mortgage portfolio. Summarize and analyze reports for mortgage loans to include, but not limited to: analyzing operating statements on properties, obtaining financial background on properties, annual reviews, and project variance reports. Prepare quarterly portfolio statistics detailing geographic and product concentrations.  Evaluate and recommend changes to reports to provide efficient and applicable information to management.
- Perform various analyses related to financial performance to include: cash flow projections, cash flow variance analysis, business operations "driver" analysis (critical success factors) and analysis of comparative performance with other companies in industry.
- Assist, coordinate and prepare financial projections for real estate and mortgage portfolio as required for internal reporting and external filing for both statutory and GAAP, as applicable.
- Assist in oversight and follow-up on underwriting portions of loans to ensure all provisions are being adhered to.
- Prepare, secure approval and maintain portfolio data including monthly reports such as the J and W1 Portfolio Valuation, Performance Comparison, Property Income and Expense analysis for House Accounts and quarterly reports such as Appraisal Status, Annual Reviews, Portfolio Characteristics and General Account Valuation.
- Monitor individual asset reports due to VP from Regional Managers such as Construction Status reports, Multi-Family Sales Status reports and Watch List reports.  Prepare and submit to SVP for review and approval the same reports, when applicable, for House Accounts.
- Undertake ad hoc project and reports.  Assist SVP/VP in the preparation of internal and external presentations.

Minimum Qualifications:

- Bachelor's degree in Finance, Economics, or a related field.
- 3 to 5 years of experience in commercial real estate loan underwriting, including financial/credit analysis, discounted cash flow (DCF), and net present value (NPV) modeling
- Intermediate to advanced proficiency in Excel and ARGUS financial modeling.
- Strong analytical, communication, and presentation skills for interaction with internal senior management and external business leaders.
- Must complete a financial modeling exercise.

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. We offer a competitive starting salary and an outstanding benefits package including: Health/Dental/Vision Pension 401K Health Savings Account Life Insurance Paid Time Off Ullico is an Equal Opportunity Employer.  This organization participates in E-Verify. Candidate Advisory: To protect applicants from recruitment fraud, all correspondence from our Human Resources department will originate from email addresses ending in @Ullico.com. We will never ask candidates to provide sensitive personal or financial information through any other email domain.

## 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)

## Other roles at Ullico

- [HR Business Partner](https://feeny.ai/job/hr-business-partner-ullico-bethesda-d2eqgeq02847) — Bethesda, MD
- [Assistant Mortgage Servicer](https://feeny.ai/job/assistant-mortgage-servicer-ullico-bethesda-00yeqgtakhdk) — Bethesda, MD