Development Accountant

Job Description

Accountant, Development | Greystar

The Tone:
This is a full-time role at Greystar, available remotely anywhere in the United States except Alaska, or within the Central Region where the accounting team is based. Greystar is a leading, fully integrated global real estate platform specializing in institutional-quality rental housing, offering expertise in property management, investment management, development, and construction services. Managing and operating over $350 billion of real estate in more than 260 markets globally, Greystar is the largest operator of apartments in the United States. This position is crucial for ensuring the financial integrity and accurate accounting of development projects, supporting the company’s significant and expanding portfolio.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Remote
• Pay: $70000–$78000 yearly
• Team: Central Region accounting team
• Mission: Accurately manages the financial accounting, cost accounting, and cash flow for a portfolio of real estate development projects.
• Tech Stack: Microsoft Excel

What You’ll Actually Do
• Financial Accounting: Applies generally accepted accounting principles (GAAP) to compile and analyze financial information into various financial statements and accounting reports, making appropriate journal entries in the general ledger.
• Project Budget Management: Maintains development and construction budgets for all aspects of the project life cycle, completing various forecasting and analysis to ensure accuracy and completeness of job cost reports.
• Agreement Interpretation: Develops a general understanding of underlying project agreements and investment materials, focusing on sections relevant to the overall structure, including commitments, cost classifications, JV and lender requirements, and project fees.
• Stakeholder Communication: Establishes and maintains professional communication with all internal and external project stakeholders, ensuring customer satisfaction by responding to various requests from external investors, lenders, and others related to financial reports, project, and construction draws.
• Cash Management & Reconciliation: Accurately and timely manages all assigned cash accounts, performing monthly bank reconciliations, wire transfers, deposits, and other payment processes to ensure vendors are paid in a timely manner.

The Must-Haves
• Background: Bachelor’s degree in Accounting.
• Experience: 1 to 2+ years of professional accounting experience.
• Skills: Proficient in Microsoft Excel, strong attention to detail with creative problem-solving skills, excellent interpersonal and relationship-management skills, demonstrated ability to think critically and work independently.
• Bonus: Construction or real estate development experience.