Director/Senior Director, Fund Accounting

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 Director/Senior Director of Fund Accounting is responsible for managing the general accounting functions relating to a portfolio of real estate funds consisting of consisting of open end and closed end funds, separate accounts, private REITs, joint ventures and similar investment vehicles. Directs and manages the professional and technical support staff responsible for the financial analysis and reporting. Responsible for processing, reviewing, analyzing, and recording property and portfolio related operating data into fair value and historic cost financial statements in accordance with Generally Accepted Accounting Principles. Provides the Company pro-forma analysis on anticipated transactions ensuring it fits within prescribed constraints. Coordinates, prepares and analyzes performance measures and reporting to USAA Senior management and others. The job requires the following characteristics: a solid understanding of accounting for real estate and real estate ventures; ability and desire to lead and develop a team of professional accountants; financial, analytical and problem solving skills; the ability to handle multiple tasks; meet reporting deadlines; and possess strong interpersonal and communication skills to deal with all levels of personnel within and outside the company.

* Manages professional and technical accounting staffs. Provides guidance, mentoring, coaching and training to direct reports and co-workers. Coordinates accounting responsibility for specific properties and assists with property and portfolio reviews. * Verify, review and analyze property and entity level 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 accounting department calendar deadlines. * Prepare and/or review and analyze quarterly/annual financial statements including supporting schedules in accordance with GAAP and/or the fair value basis of accounting. * Prepares and/or reviews performance measures and other financial information for Realco Senior Management, USAA parent company and third party investors. * Responsible for entity accounting for REITs, LPs, LLCs and other entities to include acquisition, entity level budgeting, calculation of distributions and dividends. Assure compliance with entity documents for all entities, and with IRS requirements in the case of REITs. * Record the fair value adjustments for investments in real estate and debt in order to prepare quarterly/annual fair value financial statements. * Interact with other accounting team members, asset managers, property managers and all other areas of the company to ensure prompt resolution of issues and achieve maximum efficiency of operations. * Assists in forecasting of monthly financial results and cash projections based on budgets and known trends. Reviews budget to actual results and advises management of trends. * Performs research on accounting treatments for unique accounting transactions. Keeps abreast of new industry developments, regulatory changes, management requirements, accounting system updates, procedures, etc. * Plans, prioritizes and coordinates tasks to ensure completion of multiple assignments or projects within prescribed timelines. * Performs or coordinates analysis, considers alternatives and makes recommendations on complex real estate transactions. Serves as a consultant to management. * Assists and supports accounting team members. Oversees and reviews work prepared by accounting specialists. Provides guidance on appropriate accounting processes to complete the task at hand. * Assists in the development and implementation of policies and procedures for real estate entities. * Oversees processing of fund level cash receipts and disbursements. * Improves processes related to above duties and responsibilities. Takes a proactive approach on all accounting functions and processes.

* Bachelor's Degree in Accounting or Finance * CPA Required * 10+ years of Accounting experience * 7+ years of Real estate fund accounting experience required * Previous managerial experience