Development Accountant

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 Development & Construction Accountant will be responsible for all accounting duties for their project portfolio. The position will be part of a regionally focused accounting team, collaborating to achieve department and company-wide goals. This position should have the ability to work individually and, in a team setting.

JOB DESCRIPTION

Job Responsibilities: 

Financial Accounting – Applies generally accepted accounting principles (GAAP) to compile and analyze financial information into various financial statements and accounting reports. Makes appropriate journal entries in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures. 

Cost Accounting & Budget Management – Maintains development and construction budgets for all aspects of the project life cycle. Completes various forecasting and analysis to ensure accuracy and completeness of job cost reports. Assists development and construction directors to effectively manage project budgets.   

Project Abstracts – Develops a general understanding of the underlying agreements and investment materials for assigned projects. Works to become familiar with the specific sections that are relevant to better understand the overall structure, including commitments, cost classifications, JV and lender requirements, and project fees.  

Customer Relationships - Establish and maintains professional communication with all internal and external project stakeholders. Ensures customer satisfaction by responding to various requests from external investors, lenders, and others related to financial reports, project and construction draws.   

Cash Management – Accurately and timely manages all assigned cash accounts. Performs monthly bank reconciliations, wire transfers, deposits, and other payment processes to ensure vendors are paid in a timely manner.  Effectively works with development and construction teams to accurately forecast cash needs.  

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