Hines
Accounting Manager - Property Accounting - Mixed Use
Hines, San Francisco, California, United States, 94199
Overview
When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us recognition as one of the World’s Most Innovative Companies and as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover opportunities to grow and contribute at Hines. Base pay range $120,000.00/yr - $135,000.00/yr Responsibilities
As an Accounting Manager with Hines, you will ensure the accuracy and propriety of all financial data and reports for properties/projects, tier entities, and investors. Responsibilities include, but are not limited to: Collaborate with Property Manager, Project Manager, and Staff & Senior Accountants to ensure accuracy of financial reporting, construction draws (if applicable), and budgets. Communicate and coordinate with external parties as needed. Perform treasury functions including review of bank reconciliations and cash flow projections. Review funding requests to investors. Review and coordinate approval of reserves and write-offs in accordance with governing agreements. Review lease abstracts and related lease administration documentation to ensure proper lease accounting treatment per GAAP or other accounting bases; may process lease administration for more complex leases. Review calculations of estimated operating and tax expense recoveries for new/amended leases; provide oversight to more complex leases and calculations as needed. Review operating and tax expense reconciliations (true-ups) as required by governing documents. Maintain records in a timely and accurate manner in compliance with GAAP or other bases of accounting, with attention to debt modifications, acquisitions/dispositions, and related areas. Perform general ledger review and analysis. Assist in Property and Hines Annual Plan/Budget/Projection processes, providing oversight and guidance to Accountants. Coordinate audits (external, internal, tenant) and prepare information for more complex accounting areas as needed. Review monthly/quarterly financial statements and supporting schedules with Property/Project Manager and Accountants to ensure accuracy. Review quarterly debt compliance, including compliance certificates and DSCR/Debt Yield calculations as per loan documents; assist with more complex debt structures when applicable. Prepare reports for upper management and external users, including investment performance templates. Research accounting guidance and draft position memos documenting accounting treatment of new or unusual items. Assist Asset Manager with maintaining Argus models or reconciliations between Argus and Property Budget/Projections as needed. Contribute to supervision and training/development of Accountants; participate in preparing and leading Hines training courses for Accountants. Assist in Mid-Year/Annual reviews and compensation recommendations for direct reports, where applicable. Support due diligence for property acquisitions and dispositions or other special projects as assigned. Coordinate the setup of new projects with guidance from Controller, including system setup, bank accounts, and acquisition accounting schedules/entries (e.g., FAS 141/142, straight-line rent, revenue models). Implement and maintain internal controls in line with procedures and policies. Prepare tax projections and tax workpapers. Collaborate with Controllers to identify department needs and issues; manage multiple assignments effectively. Qualifications
Minimum requirements include: Bachelor’s degree in accounting from an accredited institution. CPA designation (or intent to pursue) is preferred. Five or more years of professional accounting experience. Public accounting experience is strongly preferred. Commercial real estate experience is strongly preferred. Previous supervisory experience is required. Work indoors approximately 100% of the time. Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.). At Hines, we strive for excellence as a leading global real estate investment manager, driven by the belief that real estate is fundamentally about people. We recognize the diversity of our 5,000 dedicated employees across 30 countries and offer comprehensive training, competitive compensation, robust benefits, and generous vacation packages. We prioritize the growth and wellbeing of our team and cultivate an inclusive environment for all. Hines is proud to be named to Fast Company’s World’s Most Innovative Companies list for 2024. We are an equal opportunity employer and support workforce diversity. No calls or emails from third parties at this time, please.
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When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us recognition as one of the World’s Most Innovative Companies and as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover opportunities to grow and contribute at Hines. Base pay range $120,000.00/yr - $135,000.00/yr Responsibilities
As an Accounting Manager with Hines, you will ensure the accuracy and propriety of all financial data and reports for properties/projects, tier entities, and investors. Responsibilities include, but are not limited to: Collaborate with Property Manager, Project Manager, and Staff & Senior Accountants to ensure accuracy of financial reporting, construction draws (if applicable), and budgets. Communicate and coordinate with external parties as needed. Perform treasury functions including review of bank reconciliations and cash flow projections. Review funding requests to investors. Review and coordinate approval of reserves and write-offs in accordance with governing agreements. Review lease abstracts and related lease administration documentation to ensure proper lease accounting treatment per GAAP or other accounting bases; may process lease administration for more complex leases. Review calculations of estimated operating and tax expense recoveries for new/amended leases; provide oversight to more complex leases and calculations as needed. Review operating and tax expense reconciliations (true-ups) as required by governing documents. Maintain records in a timely and accurate manner in compliance with GAAP or other bases of accounting, with attention to debt modifications, acquisitions/dispositions, and related areas. Perform general ledger review and analysis. Assist in Property and Hines Annual Plan/Budget/Projection processes, providing oversight and guidance to Accountants. Coordinate audits (external, internal, tenant) and prepare information for more complex accounting areas as needed. Review monthly/quarterly financial statements and supporting schedules with Property/Project Manager and Accountants to ensure accuracy. Review quarterly debt compliance, including compliance certificates and DSCR/Debt Yield calculations as per loan documents; assist with more complex debt structures when applicable. Prepare reports for upper management and external users, including investment performance templates. Research accounting guidance and draft position memos documenting accounting treatment of new or unusual items. Assist Asset Manager with maintaining Argus models or reconciliations between Argus and Property Budget/Projections as needed. Contribute to supervision and training/development of Accountants; participate in preparing and leading Hines training courses for Accountants. Assist in Mid-Year/Annual reviews and compensation recommendations for direct reports, where applicable. Support due diligence for property acquisitions and dispositions or other special projects as assigned. Coordinate the setup of new projects with guidance from Controller, including system setup, bank accounts, and acquisition accounting schedules/entries (e.g., FAS 141/142, straight-line rent, revenue models). Implement and maintain internal controls in line with procedures and policies. Prepare tax projections and tax workpapers. Collaborate with Controllers to identify department needs and issues; manage multiple assignments effectively. Qualifications
Minimum requirements include: Bachelor’s degree in accounting from an accredited institution. CPA designation (or intent to pursue) is preferred. Five or more years of professional accounting experience. Public accounting experience is strongly preferred. Commercial real estate experience is strongly preferred. Previous supervisory experience is required. Work indoors approximately 100% of the time. Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.). At Hines, we strive for excellence as a leading global real estate investment manager, driven by the belief that real estate is fundamentally about people. We recognize the diversity of our 5,000 dedicated employees across 30 countries and offer comprehensive training, competitive compensation, robust benefits, and generous vacation packages. We prioritize the growth and wellbeing of our team and cultivate an inclusive environment for all. Hines is proud to be named to Fast Company’s World’s Most Innovative Companies list for 2024. We are an equal opportunity employer and support workforce diversity. No calls or emails from third parties at this time, please.
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