R0096661 Madrid Corporate Office Madrid, Spain
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.
This role is primarily responsible for the application of Spanish GAAP and International Financial Reporting Standards (IFRS) to monitor CAPEX accounting (project job costs) and provide the related internal and external reporting. Starting with the budget plan of an asset/share/portfolio deal, the candidate should track the investments underwritten along the full life of the project matching those with actual invoices being the owner of this crucial part of the accounting of a Real Estate entity
Significant growth is anticipated from our portfolios and this role will act as a key business partner to the Development, Operational, Property Management and Investment teams, as we acquire and develop new assets.
Key Role Responsibilities:
- Business Partners Development Managers on a portfolio of Development projects, providing financial analysis of key decisions, review of actual costs versus budget and providing the financial perspective on the development where appropriate.
- Compiles and analyses the financial information in preparation for entry into various financial statements and accounting reports, and makes appropriate journal entries for recording in the general ledger by checking calculations, reviewing basis for figures, and balancing and reconciling figures.
- Reviews budget, invoices, and other accounting documents and researches and resolves discrepancies as necessary.
- Maintains and reports on project budgets to include compilation of draw packages and necessary approvals, ensure accurate coding of invoices, charging of Development Management Fees, and submission of payment requests to third party administrators.
- Reviews completeness and accuracy of investment accounting completed by 3rd party administrators.
- Liaises with external partners and lenders, providing additional data and information as requested, and answering questions necessary to facilitate the funding process in a timely manner.
- Provides cost to complete information for input into quarterly desktop valuation and annual 3rd party valuation. Reviews valuation from a financial perspective.
- Reviews bank reconciliations, ensuring accuracy.
- Reviews monthly financial reporting packages for distribution to internal and external stakeholders.
- Reviews monthly/quarterly VAT returns.
- Works alongside the operational finance team to standardise processes and ensure a seamless transition from the development team to operations team when completed assets are transferred.
- Reviews and abstracts development and lender agreements for projects assigned, understanding reporting requirements, deadlines and fee calculations.
- Acts as the first point of contact with external auditors e.g. to explain journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.
- Builds and maintains effective working relationships with internal and external stakeholders. Responds to questions regarding developments, provides support, and ensures timely completion of accounting processes for reporting.
- Completes various financial, accounting, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
- Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organisational standards, and operational processes related to area(s) of responsibility and reporting violations or infractions to appropriate individual(s).
- Demonstrates appropriate safe behaviours in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s).
- Identifies areas for improvement, offers suggestions to improve efficiency and productivity, and implements ideas that achieve operational excellence.
- Keeps abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external training classes.
- Responsible for maintaining the project budgets, accounting and reporting of a mixed portfolio of developments, forward purchases and operational platforms, all primarily focused in Spain.
- Finance Team in Spain and UK
- Development Team
- Investment Team
- Asset Management team
- Portfolio Management team
- Legal, Tax and Treasury
- External auditors
Knowledge & Qualifications:
- Qualified Accountant ACA/ACCA (or equivalent)
- Good level of general education with excellent written and numerical skills
- Thorough understanding of accounting procedures and double entry book-keeping
- Proficiency in Excel, Word and Powerpoint.
- Experience with Yardi (preferred)
- Working knowledge of IFRS and Spanish GAAP within the Real Estate sector
- Working knowledge of fund structures desirable
- Working knowledge of VAT
- Understanding of CAPEX (job cost/project) accounting
Experience & Skills:
- Experience working in a similar role within a fast paced business ideally with exposure to the Real Estate sector.
- Strong team working and interpersonal skills
- Strong communicator with the ability to interpret and explain complex financial data
- Strong presentation of financial information - written and verbal
- Fluent English and Spanish speaker
- Good attention to detail, methodical and takes pride in work
- Positive “can do” attitude with desire to learn, train and develop in the role
- Self-starter with an organised and proactive approach
- Ability to meet multiple client deadlines and multi-task are essential, using initiative to prioritise
- Experience in a Development/Construction accounting role.
Behaviours & Values:
- Integrity - We will stay true to the highest ethical standards and principles, and be honest, trustworthy, and humble in all of our words and actions.
- Respect - We will accept and value our individual differences and show genuine consideration for the thoughts, needs, and ideas of others. We value and encourage a work/life balance.
- Accountability - We will take responsibility and accept ownership for our words, actions, tasks, and results, and respectfully hold others to the same standard.
- Professionalism - We will proudly present a positive, dignified, and business-like image at all times through our appearance, behaviour, and interactions with others.
- Teamwork - We will work together to accomplish goals, solve problems, and enrich our work environment.
- Service - We will make service our top priority by giving our time, knowledge, and experience to serve the needs of our customers, community, and team members
What makes a successful Greystar team member? Check out the top traits we’re looking for and see if you have the right mix.
Meet our people and discover how you can make an impact providing a home to people across the world.
"Working at Greystar has been an eye opening experience. From day one my supervisors have been enthusiastic and attentive to everything I need to be great at my job. I feel appreciated and know that I’m an important asset to them. Everyday I’m encouraged to improve my knowledge and develop new financial skills while being excited to do so. I was also nervous transitioning from the Marine Corps into the civilian workforce, but with the support of the Greystar accounting family that transition has been much easier."- Adam
Health insurance (including company-paid opportunities) is offered, along with competitive dental and vision insurance plan options
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
Ongoing support is available for career advancement opportunities in addition to corporate training programs
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.
You have no recently viewed jobs.
Don’t have any jobs saved yet? Then start looking! Once you’ve found one you’re interested in, click the Save Job button or icon on the search results or job description pages.