Property Accountant

Overview

When you join Hines, you will work alongside innovative leaders who set the standards responsible for our reputation as an industry leader today, and you’ll be a part of shaping our future in the years to come.

Responsibilities

As an Accountant with Hines, you will apply principles of accounting and finance to analyze financial information and assist with preparation of financial reports. Responsibilities include, but are not limited to:

• Partner with the Property Manager / Project Manager to ensure accuracy of journal entries and general ledger across one or multiple projects.
• Oversee outsourced accounting team responsible for accounts payable, accounts receivable and bank reconciliations, including training, review of deliverables, and communication of feedback.
• Coordinate and prepare lease administration as follows: Set up new leases in accounting system, prepare tenant billings, set up tenant recovery profile/pool.
• Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).
• Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other basis of accounting.
• Perform month-end close procedures including preparation and/or review of account reconciliations.
• Maintain job cost ledger for development projects and ensure costs are properly coded
• Assist in Property and Hines Annual Plan/Budget/Projection preparation process by preparing revenue projections and variance analysis for certain accounts, generating reports and preparing budget package.
• Maintain reporting and budgeting calendars for Property Management team.
• Prepare information for various audits (e.g. external, internal, tenant), as needed.
• Prepare monthly/quarterly financial statements and supporting schedules working closely with Property/Project Manager to ensure accuracy.
• Assist in the setup of new projects with guidance from Accounting Manager. This could include setting up the property in JDE (or similar software), opening bank accounts, preparing rent start letters and assisting with acquisition accounting schedules/entries (FAS 141/142 purchase accounting, straight-line rent, revenue models).
• Carry out the proper procedures to ensure internal controls are being met.

Qualifications

Minimum Requirements include:

• Bachelor's degree from an accredited institution.
• Two or more years full-charge bookkeeping/accounting experience.
• Strong knowledge and application of Generally Accepted Accounting Principles.
• Perform numerical and financial calculations.
• Analyze and interpret various types of data in order to draw conclusions and solve problems.
• Demonstrate extensive knowledge of Microsoft Excel and proficiency utilizing various accounting software (Yardi preferred).
• Compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction, and style.
• Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions.
• Ability to manage work deliverables across multiple properties/projects.
• Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
• Work overtime as business needs deem appropriate.

Closing

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B¹ portfolio of high-performing assets across residential, logistics, retail, office and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media. ¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.

We are an equal opportunity employer and support workforce diversity.

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