Analyst / Associate of Portfolio Analytics

USAA Real Estate Company was founded in 1982 as the real estate investment arm of USAA. With approximately $15 billion in assets under management, the company provides co-investment asset management services to U.S. pension funds, as well as to foreign and domestic institutional investors.

The Analyst/Associate, Portfolio Analytics works closely with the Head of Portfolio Analytics, portfolio managers, and the senior leadership team to facilitate the investment decision making and operational processes through provision of insightful analytics, ongoing portfolio monitoring, forecasting, and ad-hoc support. This position will assist the Head of Portfolio Analytics in delivering operational execution, recurring portfolio updates, and ad-hoc analytical support for multiple real estate private equity funds, with a primary focus on the Square Mile series of opportunistic and credit 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 investment and fund-level waterfalls and metrics used in the investment decision making process. * Coordinate with Square Mile deal team for periodic updates on investment-level cash flow projections and expected realizations. * 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. * Assist with cash management process, short-term borrowings, capital calls, and distributions. * 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 quarterly asset valuations and waterfall calculations; communicate performance impact of changes in asset valuations to portfolio management team. * Assist with creation of department policies, procedures, and process documentation. * Assist Performance Measurement, Attribution and Reporting (“PAR”) 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 the PAR and Global Investors Group (“GIG”) units in responding in a timely and accurate manner to ad-hoc client requests.

**Minimum Qualifications:** * Bachelor’s degree (BA/BS), preferably in Finance/Economics/Business Administration/Accounting or related field. * 3-5 years of applicable professional experience, preferably in a quantitative or analytic-based role. Real estate private equity experience strongly preferred. * 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. * Progress towards or willingness to pursue the CFA or CAIA designations. * Ability to work extended hours as needed. **Key Competencies:** * Ability to work in a highly collaborative team environment to achieve broader organizational goals. * Strong project management 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. **Physical Requirements:** * 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.