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Associate, European Development Operations

R0082493 London, United Kingdom

Overview

Greystar is looking for dedicated and hard-working individuals who want to help us continue to be the best as what we do. Today, we are the largest rental housing operator and developer in the US and one of the largest global investment management companies, delivering industry-leading services to investors, clients, and residents. We offer unrivaled professional development and career growth opportunities to our team members and look forward to welcoming you to Greystar, where our people are what make us the Global Leader in Rental Housing.

Job Responsibilities

The Associate will join the European Development Operations team to support all aspects of European development, including supporting European leadership in oversight of European development businesses, supporting the monthly construction status update documents for all European development projects, supporting the base international development proforma model and associated memos.

In addition, the role will include working across markets with respective local teams to perform financial analysis of development opportunities, interfacing with the Company’s leadership and key stakeholders. The Associate will support managing central processes and systems, and contributing to the continual improvement of Greystar’s European development platform.

This is an excellent opportunity to gain exposure to the core leadership of Greystar Europe and build a foundation for a successful career in real estate development across our European platform.


JOB DESCRIPTION

Key Role Responsibilities:

  • Provide real-time support and resource to the European Development Teams.
  • Support Greystar’s development operations team to define best practice and implement the 'Development Factory' in European markets.
  • Manage sustainable and efficient processes applicable to European development teams including: proforma and financial model reviews and maintenance, development and construction software implementation, research and feasibility best practices, development and construction status reporting and financial due diligence.
  • Manages the creation and maintenance of the development metrics.
  • Identifies, investigates and participates in the creation of forms, templates, checklists or other necessary materials related to development as part of the efforts of the Development Operations Team.
  • Works with the International Development Operations team and European teams to maintain the development underwriting model, including updates and related training support.
  • Manages financial analysis of development opportunities, including creating detailed pro-forma and financial models for review as well as feasibility studies for new international markets.
  • Participates in the monthly Development and Construction Status Review for all European deals through compiling monthly packs and deal notes.
  • Gathers, compiles, investigates, and analyses market data, design, feasibility, planning, preconstruction, and asset management factors to identify potential development opportunities.
  • Prepares narrative development memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions.
  • Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.

Knowledge & Qualifications:

  • Educated to degree level or equivalent (2:1 and above) in a related business or analytical subject; such as finance, business management, real estate, accounting, economics, mathematics, statistics; science or engineering.
  • Strong work ethic.  Willingness to collaborate.  Ability to communicate clearly and effectively.
  • IT literate and fully conversant with all Microsoft packages including PowerPoint (Advanced level) and Excel (Advanced level). Ability to create and audit detailed financial models in Excel.
  • General understanding and/or interest to learn about building regulations, technical building specifications, planning application processes and construction processes.

Experience & Skills:

Essential:

  • Demonstrable experience with financial modelling within investment banking, real estate, private equity or other related finance position – evidenced with practical workplace experience.
  • Strong qualitative analytical skills; having the ability to research, analyse and present complex financial data.
  • Strong written and verbal communication skills; including the ability to effectively write and present a strategic or investment thesis
  • Excellent interpersonal skills including the ability to establish and maintain positive relationships and influence at all levels
  • Good organisation skills and the ability to work effectively under pressure and to deadlines.
  • Self-motivated and proactive, both with respect to managing workload and having the resourcefulness to figure out ‘difficult to find’ solutions.   
  • Naturally inquisitive with a desire to understand the bigger picture and get involved with wider team and business objectives.
  • A positive team player, with an adaptable and flexible approach along with ability to work collaboratively to drive results and support the wider team and business objectives.
  • Experience working in multifamily (build to rent) sector or on residential development projects.

Desirable:

  • Fluency in a second language.
  • Member or working towards membership of professional qualification (RICS or equivalent).
  • Experience or exposure to large scale phased development projects.
  • Willing and able to travel to International markets to meet with teams, tour sites, comps and projects.

Success Profile

What makes a successful Greystar team member? Check out the top traits we’re looking for and see if you have the right mix.

  • Creative
  • Decision Making
  • Conceptual
  • Imaginative
  • Industrious
  • Leadership

Benefits

Healthcare

Health insurance (including company-paid opportunities) is offered, along with competitive dental and vision insurance plan options

Retirement Planning

Flexible Spending Accounts and Employer-matched 401(k) plans are offered

Paid Time Off

Full-time team members receive generous paid time off – including your birthday! – as well as paid sick leave, personal days, and company holidays

Paid Parental Leave

Maternal and paternal paid leave is available for the birth or adoption of a child

Professional Development

Ongoing support is available for career advancement opportunities in addition to corporate training programs

Employee Assistance
Program

Experienced counselors are available 24/7 for confidential assistance to listen and help you find solutions at no cost to you

Note: Outlined benefits may vary by international region.

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