• Job Description

  Req#: R0093131

  Why USAA?

  Let’s do something that really matters.
  
  At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.
  
  We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!

  The Opportunity

  We are seeking a dedicated Corporate Venture Capital Associate for our Corporate Development team.

  We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position will be based in San Antonio, TX. Relocation assistance is not available for this position.

  The Corporate Venture Capital Associate supports the Corporate Development group and particular lines of business with the market/industry research, analysis and identification of investment, acquisition, joint venture and other corporate development opportunities in support of USAA, playing a key role in conducting relevant industry research and assessing potential investment targets, reviewing and analyzing business plans and financial statements, developing financial models, formulating recommendations related to potential targets, preparing related presentation materials, and administering transactional due diligence efforts. The Venture Capital Associate maintains models, tracks performance of portfolio companies and maintains an industry specific knowledge base on emerging capabilities and industry trends, serving as a critical member of a team responsible for identifying emerging technologies, market trends and product categories and leveraging those insights into actionable partnership, venture investments and M&A opportunities. The Venture Capital Associate partners with internal teams to understand their business needs and the external assets needed to execute their strategy.

  What you'll do:

  • Contributes to the support of various stages of the investment and corporate development process and deal flow, including: identification, origination, valuation, due diligence, and investment recommendations; assists with/supports transaction execution including the preparation of transaction documents and supporting materials.
  • Performs moderately complex industry research and assist with identification of potential opportunities in targeted areas.
  • Analyzes and develops recommendations for the investment, acquisition, joint venture and/or divesture of businesses and assets by USAA.
  • Develops moderately complex valuation models and business cases, and related presentation materials.
  • Establishes valuation models appropriate for venture investing, outside of traditional discount cash flows.
  • Provides project support and execution for the evaluation of potential targets, providing input to internal team; assisting with formulating views on strategic fit, financial performance, potential positive and negative synergies, and overall attractiveness of transaction.
  • Supports formulation of indicative bids, oversees due diligence, obtains internal approvals, provides support for negotiation and finalization of transaction terms and definitive agreements, and assists with post-merger integration as needed.
  • Assists with corporate finance, audit and administrative activities as needed in connection with all of the foregoing.
  • Continuously monitors market trends and the competitive landscape to help identify new business and corporate development opportunities.
  • Evaluates acquisition, investment and partnership opportunities, performing a broad range of qualitative and quantitative analyses.
  • Manages the deal execution process from due diligence all the way through post-merger integration.
  • Develop presentation materials to provide recommendations to the executive team.
  • Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

  What you have:

  • Bachelor's Degree in Business Administration, Finance or Accounting required; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
  • 4 or more years of experience related to corporate development, business development or related consulting activities required, to include at least 1 year of this experience must be in investment banking, mergers & acquisitions, corporate development, venture capital or corporate finance.
  • Broad company-specific and industry-specific knowledge.
  • Excellent team player, experienced in working with multi-disciplinary diligence efforts.
  • Experienced and skilled in interactions with potential corporate partners and key internal constituencies.

  What sets you apart:

  • US military experience through military service or a military spouse/domestic partner [optional]
  • Certification: CPA or CFA
  • Advanced degree: MBA or JD
  • Experience with Artificial Intelligence, Big Data, or Cybersecurity

  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.

  What we offer:

  Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $95,250 - $171,430.

  Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.

  Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

  For more details on our outstanding benefits, please visit our benefits page on USAAjobs.com.

  USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

• About the company

  The United Services Automobile Association (USAA) is a San Antonio-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries offering banking, investing, and insurance to people and families who serve, or served, in the United States Armed Forces. Since 1922, USAA has served the military community and their families.

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