Hines
Director - Property and Development Accounting - Living
Hines, Houston, Texas, United States, 77246
Director - Property and Development Accounting - Living
Join to apply for the Director - Property and Development Accounting - Living role at Hines.
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 a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.
Responsibilities
Works closely with applicable Hines personnel (e.g., Controller, Property/Project Manager, and Accountants) to ensure accuracy of accounting and financial reporting and construction draws (if applicable).
Communicate and coordinate with appropriate representatives of external parties.
Treasury functions including review of bank reconciliations and contribution/distribution calculations and understanding cash flow projections.
Review funding request to investors and lenders.
Review and coordinate approval of reserves and write-offs in accordance with governing agreements.
Ensure all accounting records and reports are maintained timely, accurately and in accordance with GAAP or other basis of accounting. Special consideration to areas such as debt modifications, acquisitions/dispositions, interest capitalization, etc.
General ledger review and analysis.
Review (or prepare) Property/Development Management fees and Construction Management fees ensuring proper calculation, invoicing and recording on a timely basis.
Review monthly/quarterly financial statements/reports and supporting schedules working closely with the Property/Project Manager and Accountants to ensure accuracy.
Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
Carry out the proper procedures to ensure internal controls are being met.
May assist Asset Management and Property Management with annual property budget and reconciliation between Argus model and budget/forecasts.
Prepare audited financial statements and footnotes and provide support for more complex accounting areas.
Assist Accountant/Senior Accountant with preparation of tax projections and tax preparation workpapers (may prepare for more complex projects/properties).
Contribute to the development of Senior Accountants and Accountants through supervision, training, and providing feedback for annual and ongoing reviews.
Prepare and teach/lead various Hines training courses to Accountants.
Participate in pilots and process improvement opportunities providing feedback and assisting in implementation.
Prepare ad hoc reports for upper management and external users as well as other significant internal reports.
Demonstrate commitment to professional development by actively pursuing continuous education opportunities to enhance accounting skills including obtaining CPA certification.
Qualifications
Bachelor’s degree in Accounting from an accredited institution.
CPA designation (or intention to work toward CPA designation) is preferred.
Five or more years professional accounting experience.
Public accounting experience is strongly preferred.
Previous supervisory experience is required.
Commercial real estate experience is strongly preferred.
Strong analytical, organizational and time management skills.
Excellent communication and collaboration skills.
Set priorities and proactively meet deadlines.
Ability to multi-task and manage multiple assignments.
Analytical capability with strengths in identifying and implementing continuous improvement.
Proficiency utilizing various systems; Oracle & JD Edwards system experience advantageous.
Work indoors approximately 100% of the time.
Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
Compensation: Chicago - $150,000 - $160,000; Houston & Dallas - to be determined based on experience.
Seniority level Director
Employment type Full-time
Job function Accounting/Auditing
Industries Real Estate and Accounting
We are an equal opportunity employer and support workforce diversity.
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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 a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.
Responsibilities
Works closely with applicable Hines personnel (e.g., Controller, Property/Project Manager, and Accountants) to ensure accuracy of accounting and financial reporting and construction draws (if applicable).
Communicate and coordinate with appropriate representatives of external parties.
Treasury functions including review of bank reconciliations and contribution/distribution calculations and understanding cash flow projections.
Review funding request to investors and lenders.
Review and coordinate approval of reserves and write-offs in accordance with governing agreements.
Ensure all accounting records and reports are maintained timely, accurately and in accordance with GAAP or other basis of accounting. Special consideration to areas such as debt modifications, acquisitions/dispositions, interest capitalization, etc.
General ledger review and analysis.
Review (or prepare) Property/Development Management fees and Construction Management fees ensuring proper calculation, invoicing and recording on a timely basis.
Review monthly/quarterly financial statements/reports and supporting schedules working closely with the Property/Project Manager and Accountants to ensure accuracy.
Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
Carry out the proper procedures to ensure internal controls are being met.
May assist Asset Management and Property Management with annual property budget and reconciliation between Argus model and budget/forecasts.
Prepare audited financial statements and footnotes and provide support for more complex accounting areas.
Assist Accountant/Senior Accountant with preparation of tax projections and tax preparation workpapers (may prepare for more complex projects/properties).
Contribute to the development of Senior Accountants and Accountants through supervision, training, and providing feedback for annual and ongoing reviews.
Prepare and teach/lead various Hines training courses to Accountants.
Participate in pilots and process improvement opportunities providing feedback and assisting in implementation.
Prepare ad hoc reports for upper management and external users as well as other significant internal reports.
Demonstrate commitment to professional development by actively pursuing continuous education opportunities to enhance accounting skills including obtaining CPA certification.
Qualifications
Bachelor’s degree in Accounting from an accredited institution.
CPA designation (or intention to work toward CPA designation) is preferred.
Five or more years professional accounting experience.
Public accounting experience is strongly preferred.
Previous supervisory experience is required.
Commercial real estate experience is strongly preferred.
Strong analytical, organizational and time management skills.
Excellent communication and collaboration skills.
Set priorities and proactively meet deadlines.
Ability to multi-task and manage multiple assignments.
Analytical capability with strengths in identifying and implementing continuous improvement.
Proficiency utilizing various systems; Oracle & JD Edwards system experience advantageous.
Work indoors approximately 100% of the time.
Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
Compensation: Chicago - $150,000 - $160,000; Houston & Dallas - to be determined based on experience.
Seniority level Director
Employment type Full-time
Job function Accounting/Auditing
Industries Real Estate and Accounting
We are an equal opportunity employer and support workforce diversity.
#J-18808-Ljbffr