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Property Accountant - job 1 of 2

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $315 billion of real estate in 250 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, manages more than 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of more than $78 billion of assets under management, including over $36 billion of development assets. 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

Applies generally accepted accounting principles (GAAP) to analyze financial information, reconcile financial statements, prepare general and standard journal entries, assist in budget development, and prepare standard accounting and financial reports for management.

JOB DESCRIPTION

  • Compiles and analyzes 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, revenue, expense, payroll entries, invoices, and other accounting documents and researches and resolves discrepancies as necessary.
  • Performs bank reconciliations and wire transfers for deposit, makes mortgage payments and distributions, and ensures accuracy.  
  • Maintains and coordinates accounting control procedures by analyzing revenue and expenditure trends and recommending appropriate budget levels to ensure expenditure control. 
  • Analyzes and reviews accounting and financial resources for property acquisitions, dispositions, and closings and budgets and expenditures for local, state, federal, private funding, contracts, grants, and other corporate financial and accounting transactions. 
  • Acts as liaison to internal and external auditors by explaining journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner. 
  • Communicates with on-site and other property managers to assist in completing pre-close and close activities, answer questions, provide support, and ensure timely completion of accounting processes for on-time client and Company reporting. 
  • Completes various financial, accounting, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.

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.

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CEO of Greystar
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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Property Accountant, Greystar

At Greystar, we're on the lookout for a Property Accountant who is ready to dive into the dynamic world of real estate finance! As a leading global real estate company, our mission is to provide exceptional property management and investment services. Your role as a Property Accountant will be pivotal in analyzing financial information, preparing reports, and ensuring accuracy in our accounting processes. Imagine being at the core of our operations, where every journal entry, budget review, and financial statement contributes to the success of our vast portfolio, which includes over a million units! You'll work alongside talented property managers to streamline pre-close and close activities while acting as a liaison to internal and external auditors. Your analytical skills will shine as you research discrepancies and recommend budget levels, creating a measurable impact across our operations. With our robust benefits, competitive compensation structure, and supportive team environment, Greystar offers not just a job, but a place to thrive in your career. We're passionate about excellence and look forward to welcoming you aboard. Come join us and help shape the future of real estate finance!

Frequently Asked Questions (FAQs) for Property Accountant Role at Greystar
What are the primary responsibilities of a Property Accountant at Greystar?

As a Property Accountant at Greystar, your primary responsibilities will include compiling and analyzing financial information, reconciling financial statements, preparing journal entries, and assisting with budget development. You'll also perform bank reconciliations, manage accounting controls, and communicate with property managers to ensure accurate and timely financial reporting.

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What qualifications are needed for the Property Accountant position at Greystar?

To qualify for the Property Accountant position at Greystar, candidates typically should have a degree in accounting or finance and experience in property or corporate accounting. Familiarity with Generally Accepted Accounting Principles (GAAP) and strong analytical skills are essential for success in this role.

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How does Greystar support the professional growth of its Property Accountants?

Greystar is committed to the professional growth of its Property Accountants through various training programs, mentorship opportunities, and support for continuing education. Employees also benefit from a robust performance management system that encourages skill development and career advancement within the company.

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What kind of accounting software does Greystar use for Property Accounting?

Greystar utilizes state-of-the-art accounting software tailored for managing large real estate portfolios. Familiarity with software such as Yardi or MRI, and proficiency in Excel will greatly assist Property Accountants in performing their responsibilities effectively.

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What is the work environment like for Property Accountants at Greystar?

The work environment for Property Accountants at Greystar is collaborative and dynamic, with a strong focus on teamwork and communication. You'll be working alongside other finance professionals and property managers, ensuring seamless operations and timely completion of accounting tasks in a supportive atmosphere.

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Common Interview Questions for Property Accountant
Can you describe your experience with GAAP principles?

Addressing this question, highlight your understanding and application of GAAP principles in your previous roles. Mention specific instances where you've implemented GAAP in financial reporting, reconciliations, or any audits, showcasing your expertise.

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How do you handle discrepancies in financial records?

When tackling discrepancies, explain your methodical approach. Discuss steps you take to investigate and resolve issues, such as communicating with relevant departments, utilizing accounting software for verification, and ensuring accurate records.

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Describe a time you improved a financial process.

Share a specific example where you identified inefficiencies in a financial process and successfully proposed or implemented changes. Talk about the positive impact of your actions on accuracy, efficiency, or team collaboration.

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What accounting software are you proficient with?

Discuss the accounting software you have previously used, focusing on those relevant to property management or real estate finance, such as Yardi or MRI. Mention how your proficiency has helped you in previous roles.

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Why do you want to work as a Property Accountant at Greystar?

For this question, explore your enthusiasm for working with a prominent real estate company like Greystar. Discuss alignment with their values, commitment to excellence in property management, and your eagerness to contribute to the team.

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How do you prioritize multiple accounting tasks?

Explain your organizational strategies in managing deadlines and prioritizing tasks. Possibly share techniques you use, such as lists, software tools, or communication with team members to ensure timely and accurate completion.

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What steps do you take in preparing for audits?

Discuss your audit preparation strategies, including compiling necessary documents, ensuring that all records are accurate, and preparing to explain financial transactions clearly. Emphasize your attention to detail and communication skills.

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How do you stay updated on changes in accounting regulations?

Talk about your commitment to professional development and continuous learning. Mention resources such as accounting publications, online courses, webinars, or relevant professional organizations where you keep abreast of new regulations.

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Tell us about your experience working in a team environment.

Share specific examples of teamwork from your past roles. Highlight how you contributed to team success, collaborated with others on projects, and how effective communication played a role in achieving common goals.

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How do you ensure consistency in financial reporting?

Describe the methods you use to maintain accuracy and consistency in financial reporting. This could include establishing standard procedures, conducting regular reviews, and using checklists to verify the completeness of reports.

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Greystar was founded in 1993 with just under 9,000 unites under management and has grown to be the Global Leader in Rental Housing by: - Providing industry-leading services for institutional owners and investors globally. - Establishing a las...

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Full-time, on-site
DATE POSTED
March 30, 2025

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