Director - Property and Development Accounting

Director - Property and Development Accounting - Living

Join to apply for the Director - Property and Development Accounting - Living role at Hines

Base pay range

$/yr - $/yr

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 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 work papers (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

At Hines, we strive for excellence as a leading global real estate investment manager, driven by our belief that real…