What are the responsibilities and job description for the Senior Accountant position at Hines?
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 a Senior Accountant with Hines, you will ensure the accuracy and propriety of all financial data and reports maintained and prepared for the properties/projects, tier entities, and investors. Responsibilities include, but are not limited to:
- Works closely with the applicable Hines personnel (e.g., Property Manager, Project Manager and Accountants) to ensure accuracy of financial reporting, construction draws (if applicable) and budgets.
- Treasury functions including cash management and cash flow projections.
- Prepare funding request to investors.
- Prepare standard reference requests for new ACH/wire relationships.
- Review AR aging and assess collectability; recommend write-offs/reserves as needed.
- Manage accounts payable functions including but not limited to: issue checks, set up any wire/ACH payments, maintain vendor files and assist with any vendor inquiries.
- Manage lease administration process ensuring the proper lease accounting treatment per GAAP or other basis of accounting. May process lease administration for more complex leases.
- Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).
- Review journal entries prepared by Staff Accountant/Accountant. May record journal entries for more complex accounting areas.
- Ensure records are being maintained timely, accurately and in compliance with GAAP or other basis of accounting.
- Perform month-end close procedures including preparation and review of account reconciliations for more complex accounting areas.
- General ledger review and analysis.
- 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.
- 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.
- Prepare quarterly debt compliance, if applicable, including compliance certificates and DSCR/Debt Yield calculations in accordance with loan documents.
- Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
- May assist Asset Manager with maintaining Argus models or reconciliations between Argus model and Property Budget/Projections.
- Assist in supervision and training/development of Staff Accountants & Accountants.
- 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.
- Prepare tax projections and tax preparation workpapers.
Qualifications
Minimum Requirements include:
- Bachelor's degree in accounting from an accredited institution.
- Two or more years' professional accounting experience.
Public accounting experience is strongly preferred.
CPA designation (or intention to work toward CPA designation) is preferred.
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.
No calls or emails from third parties at this time please.
