USAA Real Estate Company Rotational Analyst in San Antonio, Texas
Acquiring, developing, financing and managing quality real estate investments since 1982, USAA Real Estate provides superior returns investing across the risk spectrum, with expertise in office, industrial, multi-family, retail and hotel assets. Investing for the USAA membership and aligned with more than one hundred investment partners across the world, we maintain an “Investor First” mindset with a significant co-investment in all programs. As the real estate investment management arm of USAA, a leading financial services company serving military families since 1922, USAA Real Estate has achieved a track record of success living up to the high standards set at USAA and sharing its culture. USAA’s balance sheet puts us in a position of strength – well capitalized to invest in multiple strategies. This is a distinct competitive advantage. USAA Real Estate is headquartered in San Antonio, Texas. www.usrealco.com
The Rotational Analyst Program is designed to offer analysts 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, Analysts will have the opportunity to interface with senior leaders, be mentored by industry experts, and work closely with seasoned professionals. The Rotational Analyst Program is an intensive two year program which will rotate through four departments , spending approximately six months in each area. Departments participating in the rotational program include Acquisitions, Capital Markets, Development, Asset Management and Portfolio Management. Department rotation assignments will be determined based on business and project needs. Analysts will gain an in-depth understanding of financial concepts, financial analysis, underwriting, valuations, property and portfolio reporting, due diligence, and much more. Analysts 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, analysts who have demonstrated exceptional performance and are aligned with the company culture and core values, may have the opportunity for longer term employment.
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 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.
At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, USAA Membership eligibility, 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.
Pursuing a Bachelor’s degree in Real Estate, Finance or Economics, or a relevant field
Graduation Date: December 2019 - May 2020
Demonstrable interest in the commercial real estate industry and in USAA Real Estate
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
Regularly required to sit for extended periods of time; frequently required to stand, walk, and use business equipment daily such as computer, copier, fax, telephone, etc.; frequently required to reach overhead, bend, and lift objects of up to 25 lbs.
Ability to handle stress caused by multiple priorities, and other unforeseen situations associated with the organization.
Eyesight and hearing must be correctable to standard level.
# of Openings 4