Sr Investment Accountant

Job Description
The senior investment accountant will be responsible for cash management/bank accounts, loans and lender reporting, investor reporting, capital transaction management, financial reporting, audit supports, investment acquisitions, investment dispositions and other general functions. This position will also be required to master all the duties of a staff investment accountant.

Cash Management
Provide guidance and assistant to the staff accountant is managing the day to day cash transactions of each fund/venture that is assigned. Review and approve transactions in Yardi, intercompany bill-backs and accounts payable coding/bank account selection, review and commit payments in Yardi for accounts payable, and monthly bank reconciliations. Manage the monthly sources and uses file for each assigned fund/venture, as well as get approval/sign off on this file from the manager. Manage the weekly cash needs and ensure sufficient funds are on hand, and manage the setup and closure of all bank accounts.

Third Party Reporting
Respond to reporting requests from investors, including quarterly financial statements and partner capital statements. Work with the Investor Relations department to ensure that all investor requests are completed on time and that there is a clear understanding of what has been requested. Ensure that all deliverables are reviewed by either a manager or controller and portfolio manager, depending on the level of complexity, prior to being sent to the partner.
Provide all necessary reports for deals that are financed with third-party debt. Manage all lender reporting requirements (facilitating the receipt of information from other teams when necessary) and ensure all interest payments are made on time and according to cash waterfall requirements.

Capital Transactions
Manage the calculation and documentation process of capital transactions that occur between the funds/ventures and investors. Obtain consent from the tax department to include tax implications or withholdings if necessary. Prepare waterfall models in accordance with each fund/ventures agreements, prepare/manage promote distributions when necessary, review contribution and distribution packets prepared by the staff, and ensure that the staff is managing the signature/approval process, and review the notices that have been uploaded to Intralinks by the Investor Relations department.

Financial Reporting
Report financials in accordance with IFRS and/or US GAAP. Perform 1st level review (and assisting with compiling where necessary) of the monthly, quarterly, and annual financial statements prepared by the staff accountant, including extensive review of all fee calculations, as well as perform a high-level review of the monthly property accounting GLs. Engage in the monthly, quarterly and annual financial statement review process, which includes reviewing the monthly reporting work-papers and reconciling accounts, completing the quarterly waterfall calculations, referencing and tying out the consolidated financials, reviewing the tables and charts prepared by the staff accountant that will be included within the management discussion and analysis (“MD&A”), and overseeing/reviewing the compilation of the Greystar Limited Partners’ equity income pick-up to the Corporate Accounting team. Every calculation or review completed by the senior should include trust/LPA/facility agreement referencing in order to ensure compliance with all agreements.

Audit
On an annual basis, or in accordance with the legal agreements, assist with the audit management for each of the funds/ventures. Assist with the oversight of the day to day process of the audit from start to finish. Assist with and review the preparation of the PBC request list, review audit information and documents prior to the staff accountant uploading, and complete the footnotes for the financial statements including referencing and tie-out for the manager and controller’s review. Prepare the rolled forward footnotes for the senior, and prepare the current year footnotes. Manage any changes that come back, getting approval from the manager/controller prior to implementing any changes. Run weekly status update meetings with the onsite senior and staff auditors when necessary.

Investment Acquisitions
During the closing of investment acquisitions, assist the manager in reviewing and referencing the closing documents, allocating the closing/completion payment across entities when necessary, preparing entity setup/IM setup in Yardi and preparing the opening entries. As applicable, communicate with property accounting and development accounting to make sure all teams are on the same page regarding the closing and the accounting responsibilities of each team. Attend meetings between Asset Management, Portfolio Management, Investment Accounting, and Development Accounting and obtain all necessary information from their manager. Document and support each step of this process to help facilitate with the first-year audit.

Investment Dispositions
During investment dispositions, assist the manager with reviewing and referencing the closing documents, managing wind down expenses, managing disposition distribution to LPs (working alongside the tax department), managing disposition true-up, managing entity shut down and preparing all closing entries. Communicate with property accounting, development accounting, portfolio management and tax to make sure all teams are on the same page as to treatment of the disposition proceeds. Support each step of this process in order to help facilitate with the final audit.

Yardi
Use Yardi software to house all the General Ledgers by entity. Enter journal entries and run reports for analytics. Use the Investment Management module (“IM”) to set up new structures, entering all entities and linking them by commitments. Set up accounting trees within IM to help with reporting. Think analytically about reports that can be generated to make our jobs easier/more streamlined, and look for ways to use Yardi to enhance reporting.

General
Understand the underlying agreements of each venture in granular detail as well as be able to assist the staff accountant(s) in their understanding. Work closely with the staff accountants on a daily basis, mentoring them and concentrating on developing their skills. Establish and maintain good working relationships with the following departments; portfolio management, property accounting, development accounting, tax, legal/compliance and external legal teams. This responsibility includes but is not limited to preparing ad hoc reports, sending supporting documentation, participating in analytical discussions, etc.


Education



Qualifications

• CPA preferred
• Master’s degree or higher in Accounting is required.
• 2 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 us
Greystar is a fully integrated real estate company, specializing in management, development and investment disciplines of the multifamily industry. Established over 30 years ago, Greystar is the largest property management operator in the world. Currently, the Company manages over 400,000 apartment homes, in 150 markets globally. Greystar was ranked 1st among the top 50 U.S. Apartment Managers, according to the 2015 National Multifamily Housing Council. The dedication of Greystar’s team members has contributed to the Company’s long-term success. Greystar’s commitment to hiring the very best multifamily professionals has resulted in record growth, making the Company one of the most respected and trusted multifamily real estate companies.

Join the leader in the multifamily real estate industry and begin your career with a company you can call home.

Greystar offers competitive compensation and benefits. EOE