ABOUT GREYSTAR
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.Greystar.Com.
JOB DESCRIPTION SUMMARY
The Senior Accountant role is primarily responsible for the application of Spanish GAAP and International Financial Reporting Standards (IFRS) to monitor Capex and Development accounting (project job costs, budgets and spend to-date) and provide the related internal and external reporting. Starting with the budget plan of an asset/share/portfolio deal, the candidate should track the underwritten budgets along the full life of the project, matching those with actual invoices and investigating any budget to actual variances - a crucial part of the development accounting of a Real Estate entity. Significant growth is anticipated from our portfolios and this role will act as a key business partner to the Development, Operational, Property Management and Investment teams as we acquire and develop new assets.
JOB DESCRIPTION
Key Role Responsibilities Business Partners Development Managers on a portfolio of Development projects, providing financial analysis of key decisions, review of actual costs versus budget and providing the financial perspective on the development where appropriate.
Compiles and analyses the financial information in preparation for entry into various financial statements and accounting reports, and makes appropriate journal entries for recording in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures.
Reviews budget, invoices, and other accounting documents and researches and resolves discrepancies as necessary.
Maintains and reports on project budgets to include compilation of draw packages and necessary approvals, ensure accurate coding of invoices, charging of Development Management Fees, and submission of payment requests to third party administrators.
Works closely with / provide process training to 3rd party outsource providers.
Reviews completeness and accuracy of development accounting completed by 3rd party administrators, where applicable.
Liaises with external partners and lenders, providing additional data and information as requested, and answering questions necessary to facilitate the funding process in a timely manner.
Provides cost to complete information for input into quarterly desktop valuation and annual 3rd party valuation. Reviews valuation from a financial perspective.
Reviews bank reconciliations, ensuring accuracy.
Reviews monthly financial reporting packages for distribution to internal and external stakeholders.
Reviews monthly/quarterly VAT returns.
Works alongside the operational and investment finance teams to standardise processes and ensure a seamless transition from the development team to operations team when completed assets are transferred.
Reviews and abstracts development and lender agreements for projects assigned, understanding reporting requirements, deadlines and fee calculations.
Acts as the first point of contact with external auditors e.g. to explain journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.
Builds and maintains effective working relationships with internal and external stakeholders. Responds to questions regarding developments, provides support, and ensures timely completion of accounting processes for reporting.
Completes various financial, accounting, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
Knowledge & Qualifications Qualified Accountant ACA/ACCA (or equivalent)
Good level of general education with excellent written and numerical skills
Thorough understanding of accounting procedures and double entry book-keeping
Proficiency in Excel, Word and Powerpoint.
Experience with Yardi (preferred)
Working knowledge of IFRS and Spanish GAAP within the Real Estate sector
Working knowledge of fund structures desirable
Working knowledge of VAT
Understanding of development and construction (job cost/project) accounting
Experience & Skills Essential: Experience working in a similar role within a fast-paced business ideally with exposure to the Real Estate sector.
Strong team working and interpersonal skills
Strong communicator with the ability to interpret and explain complex financial data
Strong presentation of financial information - written and verbal
Fluent English and Spanish speaker
Good attention to detail, methodical and takes pride in work
Positive 'can do' attitude with desire to learn, train and develop in the role
Self-starter with an organised and proactive approach
Ability to meet multiple client deadlines and multi-task are essential, using initiative to prioritise
Desirable: Experience in a Development/Construction accounting role.
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