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- Tasks: Join Greystar as a Senior Accountant, managing financial reporting and project costs.
- Company: Greystar, a global leader in real estate management and development.
- Benefits: Competitive salary, professional growth, and a dynamic work environment.
- Why this job: Make an impact in the real estate sector while developing your accounting skills.
- Qualifications: Qualified Accountant with experience in fast-paced environments, preferably in real estate.
- Other info: Collaborate with diverse teams and build strong relationships with stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
ABOUT GREYSTAR
Greystar is a leading fully integrated global real estate platform offering expertise in property management, investment management, development and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in over 260 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 managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management including approximately $36 billion of development assets and over $30 billion of regulatory assets under management.
This role is primarily responsible for the application of International Financial Reporting Standards (IFRS) to monitor development accounting (project job costs) and provide the related internal and external reporting. This role will act as a key business partner to the Development, Operational Property Management and Investment teams as we acquire, develop and operate new assets.
Key Role Responsibilities
- Business partners with all the relevant stakeholders on a portfolio of projects providing financial analysis of key decisions, review of actual costs versus budget and providing the financial perspective on the projects 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 budgets, invoices and other accounting documents and researches and resolves discrepancies as necessary.
- Reviews Development and Operational budget variance analysis partnering with the Development and Operational teams on the preparation, delivery and timeliness of variance commentary.
- Provides direction and guidance on accounting treatment to the Outsourced Accountants at the PropCo and OpCo level ensuring consistency.
- Maintains and reports on project budgets to include compilation of draw packages and necessary approvals, ensures accurate coding of invoices, charging of Management Fees and submission of payment requests to third party administrators.
- Reviews completeness and accuracy of 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 finance team 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 the projects, 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 within the Real Estate sector
- Working knowledge of fund structures desirable
- Working knowledge of VAT
- Understanding of 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
- Good attention to detail, methodical and takes pride in work
- Positive can-do attitude
- 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.
Senior Accountant, Development (12-month FTC) employer: Greystar Management Services
Contact Detail:
Greystar Management Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Accountant, Development (12-month FTC)
✨Tip Number 1
Network like a pro! Reach out to your connections in the real estate sector and let them know you're on the hunt for a Senior Accountant role. You never know who might have the inside scoop on openings at Greystar or other companies.
✨Tip Number 2
Prepare for those interviews by brushing up on your IFRS knowledge and project accounting skills. Be ready to discuss how you've tackled financial analysis and budget variance in past roles, as these are key in the job description.
✨Tip Number 3
Show off your Excel skills! Create a portfolio of financial reports or analyses you've done in the past. This will not only demonstrate your proficiency but also give you something tangible to discuss during interviews.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people at Greystar. Plus, it shows you're serious about joining their team.
We think you need these skills to ace Senior Accountant, Development (12-month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Senior Accountant role. Highlight your knowledge of IFRS and any relevant real estate experience to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for Greystar, focusing on your financial analysis skills and ability to work with various stakeholders.
Showcase Your Attention to Detail: In accounting, details matter! Provide examples in your application that demonstrate your meticulous nature and how you've successfully managed budgets or resolved discrepancies in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining the Greystar team!
How to prepare for a job interview at Greystar Management Services
✨Know Your IFRS Inside Out
Since this role heavily involves International Financial Reporting Standards, make sure you brush up on your IFRS knowledge. Be prepared to discuss how you've applied these standards in previous roles, especially in relation to development accounting.
✨Showcase Your Financial Analysis Skills
Greystar is looking for someone who can provide financial analysis on key decisions. Prepare examples of how you've successfully analysed costs versus budgets in past projects. Highlight your ability to interpret complex financial data and communicate it clearly.
✨Demonstrate Team Collaboration
This position requires strong collaboration with various teams. Think of specific instances where you've partnered with operational or property management teams to achieve a common goal. Emphasise your interpersonal skills and how you build effective working relationships.
✨Be Ready for Technical Questions
Expect questions about your experience with accounting software like Yardi and your understanding of job cost/project accounting. Brush up on your technical skills and be ready to explain how you've used these tools in your previous roles.