As an integral member of the Portfolio Analytics team, the Analyst/Associate will work closely with USAA Real Estate's portfolio management, asset management, investor relations and accounting departments and the senior leadership to facilitate the investment decision making and operational processes. This position will be responsible for creating and maintaining various investment and fund-level models for insightful analytics, ongoing portfolio monitoring, forecasting, and ad-hoc support for multiple real estate private equity funds.
- Create, enhance, and maintain detailed fund models used for capturing historical asset and fund-level performance, projecting forward-looking operational performance, ensuring compliance with leverage restrictions, and calculating asset and fund-level metrics used in the investment decision making process.
- Provide new investment impact analysis (accretion/dilution of projected fund returns, leverage impact, distribution yield, etc.) to portfolio management team during the acquisition underwriting process.
- Create, enhance, and maintain fund-specific dashboards to summarize current portfolio positioning, historical performance, capacity for additional investment, and forward-looking operational and performance projections.
- Maintain upcoming “sources and uses” schedule of cash activity to ensure appropriate liquidity is maintained while keeping cash balances to a minimum. Keep portfolio management up to date on cash position and upcoming sources and uses.
- Review the deals and fees structures through terms sheet and model the deals and fees for investor presentations.
- Review historical performance against projections and present the reasons for variances.
- Assist with creation of department policies, procedures, and process documentation.
- Assist Performance Measurement, Attribution and Reporting team with review of final quarterly performance calculations, populating data warehouses for asset and fund-level reporting, and performance attribution analysis.
- Closely interact with and assist Global Investors Group units in responding in a timely and accurate manner to ad-hoc client requests.
- Corroborate with team members on automations, efficiency improvements and thought leadership initiatives.
- Assist in preparation of white papers, thought leadership initiatives and other publication material.
- Coordinate with accounting, treasury, asset management, portfolio management and legal teams to facilitate the operation of funds and separate accounts. Oversee cash management process, short-term borrowings and quarterly distribution process, among other things.
- Review quarterly asset valuations and waterfall calculations; communicate performance impact of changes in asset valuations to portfolio management team.
- Additional duties, as assigned.
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 is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
- Bachelor’s degree (BA/BS), in Finance/Economics/Business Administration/Accounting or related field.
- 1+ years of applicable hands-on professional experience, in a quantitative or analytic-based role.
- Real estate private equity, fund modelling, deal structuring, fees structuring, or private equity product control experience.
- Advanced Excel skills; experience creating forecasting and waterfall models with minimal supervision.
- Demonstrated ability to create detailed and dynamic forecast models, summarize the results, and effectively communicate to senior leadership and external clients.
- CFA, CAIA, CIPM, CPA or similar certification or progress towards or willingness to pursue the CFA, CAIA or CIPM designations.
- Ability to work extended hours as needed.
- Ability to work in a highly collaborative team environment to achieve broader organizational goals.
- Strong project management and interpersonal skills, attention to detail and the ability to multi-task under recurring time constraints.
- Exceptional verbal and written communication skills.
- Highly proficient in Office applications, particularly Excel.
- Strong understanding of private equity fund structures and operations.
- Willingness and ability to take initiative and leadership role on key projects.
- Ability to prioritize assignments to meet numerous deadlines.
- Excellent analytical, quantitative and problem-solving skills.
- Anaplan, Hyperion, Alteryx, MS- BI or other Cognitive Software modelling and working knowledge preferred.
- Data Visualization skills in MS Power BI, Tableau etc. preferred.
- Qualifications may warrant placement in different job title.
- Financial Analysis
- Portfolio Management
1+ to 2 years
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