USAA Real Estate

Senior Development Accountant (San Antonio or Addison, TX)

Job Location US-TX-San Antonio | US-TX-Addison
# of Openings

Company Overview

With approximately $29 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

The Senior Development Accountant is responsible for all aspects of Accounting and Reporting as it relates to development and construction projects.  Responsible for job cost tracking, balance sheet reconciliations, research, and communication with project managers on project status and payment approvals.   

Essential Duties:

  • Reconcile projects costs to the general ledger.
  • Work with project managers or 3rdparty 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.
  • Perform other essential duties as assigned.

At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug 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 Company is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.


Minimum Qualifications:

  • Bachelor's or Master's Degree in Accounting.
  • 3+ yrs. accounting experience in Commercial Real Estate Development or Construction Project accounting.
  • Must be willing to work on-site and show proof of COVID-19 vaccination (or request and receive an authorized exemption)
  • Qualifications may warrant placement in a different job level.

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.


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