Accounting Manager - Property Accounting - Mixed Use

Hines • Houston, TX

122d

About The Position

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.

Requirements

• Bachelor's degree in accounting from an accredited institution.
• CPA designation (or intention to work toward CPA designation) 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.
• Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
• Work overtime as business needs deem appropriate.

Responsibilities

• Ensure the accuracy and propriety of all financial data and reports maintained and prepared for the properties/projects, tier entities, and investors.
• Work closely with applicable Hines personnel (e.g. Property Manager, Project Manager, and Staff & Senior Accountants) to ensure accuracy of financial reporting, construction draws (if applicable) and budgets.
• Communicate and coordinate with appropriate representatives of external parties.
• 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 other related lease administration documentation ensuring proper lease accounting treatment per GAAP or other basis of accounting.
• Process lease administration for more complex leases.
• Review calculations of estimated operating and tax expense recovery billings for new/amended leases.
• Provide oversight and guidance to Accountant/Senior Accountant for more complex leases/calculations.
• Prepare for very complex leases/properties.
• Review operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).
• Ensure records are being maintained timely, accurately and in compliance with GAAP or other basis of accounting.
• Assist in Property and Hines Annual Plan/Budget/Projection preparation process providing oversight and guidance to Accountants.
• Review schedules/reports prepared by Accountants.
• Coordinate audits (external, internal, tenant, etc.) and review information for these audits, as needed.
• Prepare information for more complex accounting areas.
• Review monthly/quarterly financial statements and supporting schedules working closely with the Property/Project Manager and Accountants to ensure accuracy.
• Review quarterly debt compliance, if applicable, including compliance certificates and DSCR/Debt Yield calculations in accordance with loan documents.
• Prepare reports for upper management and external users as well as other significant internal reports (e.g. investment performance templates).
• Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
• Assist Asset Manager with maintaining Argus models or reconciliations between Argus model and Property Budget/Projections.
• Assist in supervision and training/development of Accountants.
• Prepare and teach/lead various Hines training courses to Accountants.
• Assist in completing Mid-Year/Annual reviews and compensation recommendations for direct reports, as applicable.
• Assist in due diligence process related to property acquisitions and dispositions or other special projects as assigned.
• Coordinate/manage the setup of new projects with guidance from Controller and assistance from Accountants.
• Carry out the proper procedures to ensure internal controls are being met.
• Prepare tax projections and tax preparation workpapers.
• Work with Controllers to determine issues and needs of department.
• Ability to manage multiple assignments.

Benefits

• Comprehensive training.
• Competitive compensation.
• Robust benefits.
• Generous vacation packages.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Real Estate
• Education Level: Bachelor's degree