June 2023 Rotational Analyst Program
Full Time
San Antonio, TX 78230
Posted
Job description
Company Overview:
USAA Real Estate is the brand name that applies to its affiliates and subsidiaries, including US Equity Advisors and Square Mile Capital Management, both of which are registered with the U.S. Securities and Exchange Commission as investment advisors. Job Description:
Department Descriptions :
At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug screen. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
USAA Real Estate Company is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
Requirements:
Along with its affiliate companies, USAA Real Estate invests across the risk spectrum for a global client base, managing over $35 billion in net assets under management within a diversified portfolio across North America and Europe. USAA Real Estate provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities exhibiting compelling risk-return characteristics. For more information, visit usrealco.com.
USAA Real Estate is the brand name that applies to its affiliates and subsidiaries, including US Equity Advisors and Square Mile Capital Management, both of which are registered with the U.S. Securities and Exchange Commission as investment advisors.
The Rotational Program is designed to offer a hands-on learning experience, the ability to gain exposure to multiple disciplines within the firm, and the opportunity to make a meaningful impact. Throughout the program, rotational employees will have the opportunity to interface with senior leaders, be mentored by industry experts, and work closely with seasoned professionals. The Rotational Program is an intensive two-year program that includes rotating through four departments, spending approximately six months in each area. The departments participating in the rotational program include Acquisitions, Capital Markets, Development, Asset Management, Portfolio Management, and Global Investors Group. Department rotation assignments will be determined based on business and project needs. Rotational employees will gain an in-depth understanding of financial concepts, financial analysis, underwriting, valuations, property and portfolio reporting, due diligence, and much more. Rotational employees can expect to work in an inclusive and dynamic culture, one that instills in its employees their core values: Honesty, Integrity, Service, and Loyalty. Upon completion of the two-year program, rotational employees who have demonstrated exceptional performance and are aligned with the company culture and core values may have the opportunity for longer-term employment.
Department Descriptions :
- The Acquisitions department is responsible for sourcing new real estate investment opportunities. This includes evaluating potential investments, conducting financial analysis and underwriting, submitting offers, negotiating the purchase terms, performing due diligence, and closing on the transaction.
- The Development department oversees the design, development, and construction of real estate properties. Key responsibilities include preliminary transaction underwriting, preparation of investment brief(s), market feasibility analysis, coordination and execution of the due diligence process, tenant/client interaction, site acquisition, permitting, financing, and oversight of development partners, contractors and other third party vendors until construction completion.
- The Asset Management department ensures the superior operational performance of the real estate assets in the portfolio. Asset Management strives to generate strong net operating income and maintain high occupancy levels to maximize value creation at the asset level.
- The Capital Markets department is responsible for all aspects of debt financing for assets within the portfolio. This includes sourcing, underwriting, approving, and closing on both permanent financing and construction loans. Capital Markets also oversees the lending platform, which originates first mortgages to third party borrowers and hedging activities with interest rate swaps.
- The Portfolio Management department manages the various funds and separate accounts that hold the individual real estate investments. Portfolio Management includes a wide range of functions such as: managing the overall strategy of the fund, determining optimal asset allocation, cash management, and distribution activities, fund modeling, hold/sell analysis, compliance, and interaction with current and prospective investors.
- The Global Investors Group (GIG) is responsible for the capital raising activities for all the funds and separate accounts in the portfolio. GIG also oversees all investor relations communication and reporting functions to both new and current investors.
At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug screen. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
USAA Real Estate Company is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
Requirements:
Minimum Qualifications:
- Pursuing or has received a Bachelor's or Master’s degree in Real Estate, Finance, Construction Management, Economics, or a related field.
- Graduation date must be between December 2022 - May 2023.
- Demonstrable interest in the commercial real estate industry and in USAA Real Estate.
- Must be interested and willing to relocate to San Antonio, TX for this program.
- Understanding of basic finance concepts and how to calculate metrics such as internal rate of return, and net present value/discounted cash flow.
- Computer proficiency and demonstrated experience with financial modeling in Excel.
- Familiarity with Argus Enterprise is a plus.
- Candidates must be eligible to work in the U.S. without USAA Real Estate sponsorship.
- Must be willing to work on-site and show proof of COVID-19 vaccination (or request and receive an authorized exemption).
- Qualifications may warrant placement in a different job title.
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