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 over $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

The role will be based in the London or The Netherlands office within the growing European Fund Finance Team, with significant scope for development and role expansion in the future. Whilst supporting the Senior Finance director, the role has a broad range of responsibilities working on our flagship European closed-ended fund series and future potential funds. The role takes ownership of a range of financial responsibilities linked to the fund, including financial planning & transactional support, cash & liquidity management, fund level budgeting & forecasting, loan & commitment facility management, working with various head office teams, external advisors, as well as partnering with key stakeholders across the business.

JOB DESCRIPTION

Key Role Responsibilities:

• Cash & liquidity management, including monitoring of cash held across the fund structures, sources and uses monitoring on deals and monitoring of pursuit budgets, liaising with various deal team leads to prepare forecasts. Preparation of forecasts due to investors.
• Preparation and management of quarterly or ad hoc intra-group distribution and capital call waterfalls, including monitoring of cash balances and knowledge of capital expenditure budgets.
• Oversight / review of the investor capital call and distribution processes prepared by the fund administrators, liaising with Portfolio Management, Investor Relations, Operational and Corporate Accounting and Administrators as required.
• Monitoring of upcoming deals including planning for liquidity needs, liaising with deal leads to understand and document timing for upcoming funding commitments.
• Coordination of consolidation of fund level budget v actuals and relevant commentary, including preparations of presentation material.
• Management of the capital commitment facility, including liaising with provider, provision of borrowing base certificates, monitoring of loan expiries, and ownership of the subline model, forecasting out expected deal amounts, timing and providing recommendations to the portfolio management team on approach to expiring loans and frequency of drawdowns for development projects.
• Presentation to the portfolio management teams on liquidity planning and financial forecasts.
• Input into deal closing files prepared by the fund finance director and financial controllers, as a result of new acquisitions.
• Assist in provision of information to external auditors.
• Review & oversight of investment level management fees and rebates, including forecasts. Presentation of fee overview files on a quarterly basis.
• Assist with annual budgeting and re-forecasting for investment entities.
• Preparation of ad-hoc files for investor due diligence requirements.
• Monitoring of covenants linked to mortgages throughout the structure & assist with lender reporting requirements / compliance certificates and covenant calculations where required. Preparation and presentation of covenant forecasts with input from finance and asset management teams.
• Assist with the investor reporting process, providing financial tables and charts and consolidated budget variance analysis commentary.
• Knowledge of structure agreements, including lender requirements, investor requirements and external reporting requirements.
• Provision of information required for input in quarterly (internal) and annual (external) property valuations. Review of valuation output.
• Assist with regulatory reporting requirements.
• Assistance in preparing process notes / memo’s laying out procedures followed by finance & PM teams for audit, AIFM management and for internal teams.
• Assist with INREV reporting requirements.
• Management of deal overview & team planner to ensure onboarding deadlines are met and financing requirements are adequately planned.
• Provision of information on ad-hoc investor requests.
• Support Portfolio Management with financial inputs into models / presentation decks.
• Responsible for updating LoF model for actuals and working with PM teams to reforecast monthly.
• Preparation of fund performance metrics and management of returns calculations.
• Preparation and updating of fund carried interest calculation.
• Key business partner with deal teams, asset management teams and portfolio management teams

Organisational Responsibilities:

• 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 behaviors 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.

Role Scope:

• Assist the Fund Finance & Portfolio Management teams with management of funds liquidity management, reporting requirements, budgeting, and finance related deal planning
• Role will be based in the London office.

Key Relationships:

• Senior Finance Director, Funds
• Fund Finance Team
• Fund Portfolio Management Team
• Centralised Asset and Development Finance teams
• Asset Management team
• External advisors (3rd party administrators, due diligence advisors, legal advisors etc.)
• Portfolio investors and lenders

About You

Knowledge & Qualifications:

• Excellent written and numerical skills.
• ACA qualified accountant (or equivalent / similar transferrable qualification) with at least 5 years post qualified experience
• Proficiency in Microsoft Office

Experience & Skills: 

• Confident in Excel with basic modelling skills
• Good communicator with the ability to interpret and explain complex financial data
• Knowledge of Accounting, IFRS and Audit
• Debt compliance and investor reporting experience
• Positive “can do” attitude with desire to learn, train and develop in the role
• Excellent attention to detail, methodical and takes pride in work
• Self-starter who takes initiative to grow within the role
• Strong time management skills to organize a multitude of concurrent tasks
• Experience working within the Real Estate sector

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.
• Equality - We celebrate individual difference, encourage diversity of thought, provide of equality of opportunity, and cultivate an environment where all individuals are seen, treated, and valued equally.
• 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.