USAA Real Estate

Development Analyst (Amsterdam, The Netherlands)

Job Location NL-Amsterdam
# of Openings

Company Overview

USAA Realco-Europe, B.V. (RealCo) is the European subsidiary company of USAA Real Estate.  The company was formed in 2014 and is based in Amsterdam, the Netherlands.  RealCo is a pan-European investor that is primarily focused on the creation of a modern logistics portfolio.  With time, it is expected that RealCo may include other property types in Europe as well as expand its co-investment activities in Europe through the creation of fund and separate account vehicles.  For more information, please see


USAA Real Estate

With approximately $26 billion in assets under management and 11 global offices, USAA Real Estate is an industry leader in acquiring, developing, financing and managing the highest quality real estate assets in North America and Europe. The mission of USAA Real Estate is to serve the financial interests of its investor clients by strengthening the profitability and diversity of the USAA investment portfolio, which includes multifamily, industrial, office and hotel properties, as well as e-commerce logistics and distribution centers, media production facilities and data centers. Aligned with a series of strategic partnerships cultivated over decades of co-investment, USAA Real Estate engages with preeminent sector leaders demonstrating proven domain expertise in a shared drive to achieve superior, risk-adjusted returns. For more information, visit


Job Description

USAA Realco-Europe, B.V. is seeking to appoint an Analyst within the Amsterdam office to support the development team. In this role the Analyst will support and be directly involved in the management and coordination of multi-country logistics real estate portfolios. You will be assisting the team in conducting preliminary transaction underwriting, preparation of investment briefs, market feasibility analysis, coordination and execution of the due diligence process, tenant/client interaction, site acquisition, oversight of development partners, contractors and other 3rd party vendors (leasing, management, construction management, environmental, etc.), and all aspects of the development process as deemed appropriate and/or needed.  The analyst may also provide valuable support and assistance with asset management, dispositions, research and accounting as needed.


We are looking for an analytical and communicative professional with a strong interest in the Real Estate industry. The continued growth in the European platform means that the successful candidate may also have the opportunity to be involved in a wider range of activities, depending on the individual’s profile and skills.

Essential Duties:

  1. Prepare detailed financial analyses of proposed developments including, but not limited to, the preparation of development budgets and cash flow pro formas and procedures.  
  2. Coordinate internal approvals including the preparation of investment briefs and cash flows as necessary for approvals.
  3. Coordinate development activities with existing and potential partners to include the preparation of pro-forma financial assumptions, assisting supervisor in the formation and structuring of joint venture and investment structures, and implementing RealCo B.V. required due diligence and closing procedures on land acquisitions.
  4. Cultivate brokerage, tenant, and developer relationships and assist with the expansion and maintenance of existing relationships.
  5. Coordinate with the legal department, field personnel and other due diligence vendors.
  6. Coordinate and assist with the marketing efforts of development projects.
  7. Perform feasibility studies for various projects and continually monitor market conditions to help identify opportunities in the marketplace.
  8. Maintain project status reporting database including monitoring and coordination of investor rotation procedure and pipeline databases.  Also track department performance and provide regular updates for internal use.
  9. Provide support to the development teams projects to include, but not limited to, the functions of venture, legal, leasing, design, construction, construction management, material testing, development, due diligence, and transition to Asset Management upon project completion.
  10. Assist with dispositions of various assets as required.
  11. Support compliance efforts including all OFAC, entity creation, and other necessary database search and compliance measures.
  12. Contribute to the improvement of existing processes and promote the adoption of best practices as related to the above duties and responsibilities.
  13. Provide secondary support to the Acquisitions and Capital Markets departments as required.  May also support other departments with various projects related to Asset Management, Global Investors Group, Portfolio Management, Research and Dispositions.
  14. Maintain ongoing knowledge of projects and elevate any potential issues and track solution implementation.
  15. Additional duties as assigned.


At USAA Real Estate our employees work in an ideal location and enjoy generous benefits packages (including comprehensive medical, dental and vision plans, educational and professional designation assistance), business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background 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.


Minimum Qualifications and Experience:

  • BSc degree in Finance, Real Estate, Economics or related field, MSc degree preferred.
  • 1 – 3 years of commercial real estate industry work experience, graduate degree will be considered in lieu of one year experience.
  • Relevant Development, Acquisitions, Asset Management and/or Brokerage experience preferred.
  • Solid understanding of financial analysis concepts.
  • Ability and willingness to travel (abroad) if necessary.  Flexibility to work extended hours as/if required.
  • High level of proficiency in Excel and experience with/ability to learn applications such as Argus.
  • Accuracy and attention to detail.
  • Ability to prioritize assignments to meet numerous deadlines.
  • Ability to handle multiple priorities and unforeseen situations.
  • Excellent analytical, quantitative and problem-solving skills.
  • Exceptional written and verbal communication skills. 
  • Fluent in English (spoken and written) and preferably another European language.


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