USAA Real Estate

Assistant Financial Controller -or- Financial Controller (Amsterdam, The Netherlands)

Job Location NL-Amsterdam
ID
2021-1997
# of Openings
1

Company Overview

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 usrealco.com.

 

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.  

Job Description

The Assistant Financial Controller -or- Financial Controller is responsible for the financial accounting and reporting of the operations of the company’s various real estate investments/fund vehicles.  The investments/funds may include office, multi-family, industrial (logistics), retail, hotel and mixed-use properties.   This position will be part of the European Fund Accounting team that is responsible for the accounting and reporting of the funds to both US and European management teams.

 Essential Duties:

  • Review monthly partner financial data, provide guidance on timing and duties at each level and providing accounting guidance for complex transactions.
  • Manage Dutch companies’ accounting close process to ensure compliance with established timelines and local/statutory GAAP.
  • Perform and/or review consolidation of holding company and underlying fund information for reporting to US and European management teams.
  • Develop and maintain a solid understanding of the Yardi accounting system.  Ensure that all entity information is up to date and correct in Yardi.
  • Aid and assist as needed in recording of fair value adjustments and translation of balances to EUR and USD currencies.
  • Interact with internal and external customers, other accounting team members, asset managers, portfolio managers and all necessary departments to ensure prompt resolution of issues and achieve maximum efficiency of operations.  Develop a solid understanding of the accounting for the assigned portfolio to be viewed as a valuable resource for others working with the portfolio.
  • Assist in forecasting of monthly financial results and cash projections based on budgets and known trends.  Review budget to actual results and advises management of trends.
  • Manage and facilitate investor reporting for current and future investor requirements in conjunction with US-based investor team
  • Prepare and/or review Dutch statutory financials, VAT returns, and annual tax returns
  • Prepare accounting memos and position papers in cooperation with US-based technical accounting team.
  • Provide coaching and guidance to others concerning accounting procedures and policies.
  • Assist with audit requirements as needed.
  • Assists with special projects and other related duties as may be assigned by European Finance Director.

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.

Requirements

Minimum Qualifications:

  • Bachelor's degree in Accounting/Finance.
  • 5+ yrs. Accounting experience w/ solid fundamental accounting skills
  • Real Estate fund/joint venture accounting experience strongly preferred
  • CPA, RA or equivalent strongly preferred
  • Strong Excel skills, Yardi familiarity a plus.
  • Excellent verbal and written communication skills
  • Qualifications may warrant placement in a different job level

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