Job DescriptionThe senior capital projects accountant will be responsible for cash management, capital transactions, financial reporting, audit support, project creation and closeout, and other general functions. This position will also be required to master all the duties of a staff accountant and to be of support to those in the staff accountant role. Cash Management - Verifies that the staff is appropriately overseeing the day to day cash transactions of each project that is assigned. This activity includes but is not limited to daily oversight of bank accounts, understanding the online banking platforms, entering transactions into Yardi and on the Cash Spreadsheet on a timely basis; managing the intercompany bill-backs and accounts payable process, setting up and inputting wire/ACH transactions, and completing monthly bank reconciliations. Reviews bank account reconciliations. Capital Transactions - Ensures that equity contributions tracked by the team match those tracked by the fund and staff accountants. Financial Reporting - Ensures that all fixed asset entries, including depreciation, as well as all fee revenue entries, are posted in the appropriate month and meet the deadline given by the other investment accounting groups. Ensures that each property s renovation costs for the month are posted in the correct post month and are coded according to the approved budget. Reviews fixed asset tie outs on a monthly basis to ensure all capital transactions are being recorded appropriately. Responds to ad-hoc reporting requests from various stakeholders. Works to ensure consistency of the deliverable amongst the team. Ensures that all reforecast files and other budgetary tools are consistent across portfolios and are supplied timely and accurately for review. Audit Support - On an annual basis, or in accordance with the legal agreements, supplies information and reporting as requested. Ensures accuracy of requested reports and upload them to the auditor s designated site. Yardi - Knows how to enter journal entries and post fees, run reports for analytics as well as reporting, and use the Job Cost module for project budgeting and costing. Reviews the draw presentation from the staff and providing meaningful review feedback and support throughout the month as the draw progresses. Reviews available reports in Yardi and analyzes opportunities for improvement to the process. Project Creation and Closeout - Assists with the set-up of new renovation projects as they are assigned. Selects and assigns a job number, reconciling versions of the capital budget from multiple sources, sets up the first draw and requesting a new bank account, all completed by the staff but reviewed by the senior. Is familiar with the Construction Management Agreement for the involved entity and should see to it that fees are set to calculate correctly. Upon completion of the renovation project and/or disposition of the asset, reviews the Closing a Project Checklist in order to ensure that the project has been closed out successfully. EducationBachelor s degree in accounting or in a related field (Finance, General Business, etc).Qualifications2 to 4 years of directly related experience.
Demonstrated proficiency in word processing, spreadsheet, property management (Yardi), and database management programs in order to complete required reports.
Demonstrated ability to complete financial records and other fiscal and accounting reporting information.About usGreystar is the global leader in multifamily real estate, offering expertise in property management, investment management, and development and construction of rental housing. Established in 1993, Greystar is the largest property management operator in the world. Its dedicated team members and a commitment to hiring the very best multifamily professionals has resulted in record growth, making Greystar one of the most respected and trusted real estate companies. EOE.
Internal Number: 35238BR
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.