Investment Accountant Lead

Company: USAA
Location: San Antonio
Posted on: November 19, 2023

Job Description:

Why USAA?Lets 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 nations military, but we all share in the mission to give back to those who did. Were 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. Theyre 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 OpportunityAs a dedicated Investment Accountant Lead, you will work with individuals across the Enterprise to support the accounting for the USAAs investment portfolio. The candidate selected will work on the Investment Accounting team in the Chief Accounting Office supporting both accounting and reporting functions. This candidate will have the opportunity to work with various software applications from PAM for Investments, Bloomberg, Oracle and Wings Plus to name a few. This individual will be responsible for the accounting and reporting for various companies investment portfolios and will work closely with internal and external customers.We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX or Charlotte, NC.Relocation assistance is not available for this position.What you'll do:

• Leads adherence to Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (STAT) accounting and reporting research activities and provides appropriate technical accounting interpretation on the application of GAAP and STAT to finance and accounting employees and senior management.
• Creates, maintains and ensures implementation of appropriate accounting policies and best practices.
• Evaluates and analyzes proposed transactions for accounting implications and potential impact of proposed accounting standards, and prepares documentation supporting USAA's accounting positions taken on significant or complex transactions.
• Assesses the impact of new accounting standards to USAA and leads implementation across affected functional areas.
• Assists with drafting comment letters to the FASB or NAIC on proposed accounting standards and represents USAA on several influential external accounting committees.
• Accountable for USAA's position with regards to E&Y's technical accounting and reporting inquiries.
• Identifies and documents accounting and business requirements impacting USAA systems and processes (including up and downstream).
• Supports various company or line of business specific initiatives as it relates to assessing accounting, reporting and disclosure implications.
• 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 Accounting, Finance, or related field; OR a Bachelor's degree in another field coupled with a Certified Public Accountant (CPA) designation; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree when coupled with a Certified Public Accountant (CPA) designation.
  • 8 years of accounting or related work experience performing accounting functions including preparing and reviewing journal entries, account reconciliations and preparing financial results for internal and external purposes or other similar experience required.
  • Subject matter expert knowledge and application of accounting and/or financial services industry data sources
  • Expert knowledge and application of GAAP and STAT or regulatory accounting practices.
  • Demonstrated ability to partner and communicate effectively with internal and external team members.
  • Expert on financial or accounting data analysis techniques and statistical methodologies.
  • Expert on relevant technical accounting and reporting disciplines.
  • Experience identifying and documenting accounting/financial processes.
  • Experience leading direct or cross-matrixed team members.What sets you apart:
    • Bachelors or Masters degree in Accounting
    • CPA Designation
    • 4+ Years Experience using investment accounting systems such as PAM for Investments, CAMRA, Clearwater Analytics, etc.
    • 4+ Years Experience using Bloomberg Terminal to research investment transactions and security attributes
    • Experience accounting for private equity and limited partnership interestsThe 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: $104,660 - $170,338.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.

Keywords: USAA, San Antonio , Investment Accountant Lead, Accounting, Auditing , San Antonio, Texas