The internal co-investment accountant will be responsible for cash management/bank accounts, capital calls and distributions to investors, investor reporting, capital transaction management, financial reporting, audit supports, investment acquisitions, investment dispositions and other general functions. This position will be focused on employee coinvestment funds.
The Employee Equity Management team is responsible for the management of three employee investment programs: Internal Co-Investment, Carried Interest, and the Equity Ownership Plan. Roles within this department require a great deal of discretion and any information discussed, collected or stored on behalf of the employee investors is considered strictly confidential. Furthermore, the team requires a high degree of customer service and professionalism as this department regularly interacts with senior leadership and executives.
Essential Responsibilities: Cash Management
Assist with the management of the day to day cash transactions of each fund/venture that is assigned. This includes but
is not limited to daily oversight of bank accounts, maintaining relationships with our Treasury department as well as understanding the online banking platforms, entering transactions into Yardi 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.
Assist with the management, the allocation and documentation process for capital transactions between the funds/ventures and investors. Prepare contribution and distribution calculations and packets. Oversee the signature process and upload the notices to the Intralinks site forinvestor and internalreview.
Report financials in accordance with IFRS and/or US GAAP. Compile the monthly, quarterly, and annual financials. Prepare the monthly reporting work-papers and reconciling accounts, referencing and tying out the consolidated financials, and deliver quarterly information to internal Greystar stakeholders (i.e. corporate departments) whennecessary. Assist the seniorcorporate accountant with any ad hoc investor reporting, compliance documentation, and other ad hoc 3rd party reporting requested.
On an annual basis, or in accordance with the legal agreements, assist with the audit management for each of the employee funds. Assist with the oversight of the day to day process of the audit from start to finish. Assist with the preparation of the PBC request list, upload audit documents, roll-forward prior year-end financials, assist the Senior in preparing tables and charts when necessary, and prepare the current audited financial statements when required by manager.
Use Yardi software to house all the General Ledgers by entity. Enter journal entries, run reports for analytics as well as reporting, and use the Investment Management module for cash, contributions, distributions and other internal transactions.
Understand the underlying agreements of each venture. Work to become familiar with the specific sections that are relevant to better understand the overall structure, including but not limited to: partnership expenses, fees, commitments and subscriptions, capital calls and distributions, and financial reporting requirements. Work to build relationships with other stakeholders, both internally and externally, to understand how the internal co-investmentaccounting functions affect all parties.
Internal Number: R0025650
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.