Accountant for Commercial Real Estate

USAA Real Estate Company

(San Antonio, Texas)
Full Time
Job Posting Details
About USAA Real Estate Company
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.
Summary
The Accountant is responsible for all aspects of Accounting and Reporting as it relates to the commercial real estate development and construction projects. Responsible for job cost tracking, balance sheet reconciliations, research, and communication with project managers on project status and payment approvals.
Responsibilities
* Reconcile projects costs to the general ledger. * Work with project managers or 3rd party development partners to obtain information to book monthly draw accruals. * Provide corporate reporting with capital forecast requirements. * Be able to read and interpret development and operating agreements to make sure we are in compliance with requirements. * Maintain the promote/participation schedules making sure the calculations adhere to the specific project agreement. * Review and enhance the existing system of controls and financial reporting for development and construction projects. * Responsible for the processing, reviewing, coding, tracking and general ledger posting of construction draws for multiple projects. * Maintain the project budget in the system making sure the approved budget is entered. Update the budgets in the system only with proper approval. * Work with project managers on variances from approved project budget. * Update construction draw schedules. * Process project change orders and budget revisions. * Work with project and asset managers as the project nears completion to develop an operating budget. * Verify, review and analyze property general ledgers on both cash and accrual basis ensuring accuracy and adherence to established accounting policies and procedures. Responsible for general and advanced accounting functions and for meeting the accounting department calendar deadlines. * Interact with internal and external customers, other accounting team members, asset managers, property managers and all necessary departments to ensure prompt resolution of issues and achieve maximum efficiency of operations. * Recommend and implement process improvements. * Assist with special projects and other related duties as may be assigned.
Ideal Candidate
**Minimum Qualifications:** * Bachelor's Degree in Accounting or Finance. * 1+ yrs. Development or Construction accounting experience; must be recent experience. * Experience with Cost Accounting and Budgeting. **Key Competencies:** * Advanced skills in Word and Excel. * Self-starter, strong attention to detail and deadline oriented. * Strong financial, analytical, and problem solving skills. * Ability to handle multiple tasks; meet reporting deadlines; and possess strong interpersonal skills. * Ability to communicate effectively with all levels of employees, executives and partners' personnel. **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.
Compensation and Working Conditions
Benefits Benefits included

Additional Notes on Compensation

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!

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