Accountant, Development

Greystar; Charleston (SC); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Disability & Life insurance

Paid time off

Vacation days

Birthday off after 1 year

401(k) with company match

Job summary

Greystar is seeking a Development Accountant to handle all accounting duties for a regional project portfolio. The role will operate within a team focused on development and construction budgeting, with responsibilities spanning GAAP-based financial reporting and cash management.

The position emphasizes collaboration with development and construction directors, external lenders/investors, and auditors to ensure accurate financials and timely draws.

Qualifications

• GAAP knowledge to compile and analyze financial information.
• Prepare journal entries and balance/reconcile figures.
• Maintain development and construction budgets across the project life cycle.
• Forecast cash needs and perform related analysis.
• Assist development and construction directors with budgets.
• Coordinate with auditors during annual audits.

Responsibilities

• Financial accounting – apply GAAP to compile financial statements and reports.
• Journal entries in the general ledger, balance and reconcile figures.
• Cost accounting & budget management for all project life cycle aspects.
• Forecasting and analysis to ensure accuracy of job cost reports.
• Assist directors to manage project budgets effectively.
• Develop project abstracts and understand related agreements.
• Liaise with internal and external stakeholders for reports.
• Cash management – manage bank reconciliations and transfers.
• Collaborate with development/construction teams on cash forecasts.

Skills

GAAP knowledge

Journal entries

Cost accounting

Budget management

Forecasting & analysis

Stakeholder communication

Job description

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 $350 billion of real estate in more than 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 over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world‑class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

The Development Accountant will be responsible for all accounting duties for their project portfolio. The position will be part of a regionally focused accounting team, collaborating to achieve department and company-wide goals. This position should have the ability to work individually and, in a team setting.

JOB DESCRIPTION

• Financial Accounting – Applies generally accepted accounting principles (GAAP) to compile and analyze financial information into various financial statements and accounting reports.
• Makes appropriate journal entries in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures.
• Cost Accounting & Budget Management – Maintains development and construction budgets for all aspects of the project life cycle.
• Completes various forecasting and analysis to ensure accuracy and completeness of job cost reports.
• Assists development and construction directors to effectively manage project budgets.
• Project Abstracts – Develops a general understanding of the underlying agreements and investment materials for assigned projects.
• Works to become familiar with the specific sections that are relevant to better understand the overall structure, including commitments, cost classifications, JV and lender requirements, and project fees.
• Customer Relationships - Establish and maintains professional communication with all internal and external project stakeholders.
• Ensures customer satisfaction by responding to various requests from external investors, lenders, and others related to financial reports, project and construction draws.
• Cash Management – Accurately and timely manages all assigned cash accounts.
• Performs monthly bank reconciliations, wire transfers, deposits, and other payment processes to ensure vendors are paid in a timely manner.
• Effectively works with development and construction teams to accurately forecast cash needs.
• Collaboration – Establishes and maintains professional communication with all internal and external project stakeholders.
• Develops good working relationships with other departments including but not limited to; Accounts Payable, Finance, Asset Management, Property Management, Development and Construction.
• Annual Audits - Acts as liaison to internal and external auditors by explaining journal entries and financial transactions.
• Provides research data and information as requested and answering questions necessary to complete the audit in a timely manner.

Additional Compensation

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location. Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance. Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits.
• Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off.
• All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.
• Benefits offered for full-time employees.
• For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.
• Greystar will consider for employment qualified applicants with arrest and conviction records.

Equal Opportunity

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Security Notice

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [e-mail].

Core Values

• Integrity – We stay true to the highest ethical standards and principles, and are honest, trustworthy, humble, and respectful in all of our words and actions.
• Equality – We celebrate individual differences, encourage diversity of thought, provide equality of opportunity, and cultivate an environment where all individuals are seen, treated, and valued equally.
• Professionalism – We proudly present a positive, dignified, and businesslike image at all times through our appearances, behavior, and interactions with others.
• Accountability – We take responsibility and accept ownership for our words, actions, tasks, and results, and respectfully hold others to the same standard.
• Service – We make service our top priority by giving our time, knowledge, and experience to serve the needs of our customers, community, and team members.
• Teamwork – We work together to accomplish goals, solve problems, and enrich our work environment.