Director - Property and Development Accounting - Industrial

Hines•Dallas, TX

71d•$150,000 - $160,000

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. As a Director - Property and Development Accounting - Industrial 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:

Requirements

Bachelor's degree in Accounting, Business Administration or related discipline from an accredited institution
CPA required
Six or more years professional accounting experience, preferably a combination of public and industry
Three or more years of prior management experience required
Public accounting experience is strongly preferred
Commercial real estate accounting required
Tax experience preferred
Effective people management skills
Ability to lead, plan and manage activities to meet deadlines
Strong analytical, organizational, and coordination skills
Excellent verbal and written communication skills
Possess initiative to assume additional responsibilities
Exchange ideas, information, and opinions with others to arrive at decisions or solutions
Work indoors approximately 100% of the time
Work overtime as business needs deem appropriate

Responsibilities

Communicate and coordinate effectively with Hines functional groups (e.g., Lease Administration, Finance Business Partners, Transactions) and appropriate representatives of external parties
Treasury functions including review of bank reconciliations and contribution/distribution calculations and understanding cash flow projections
Review and approve funding request to investors and lenders
Review and approve reserves and write-offs in accordance with governing agreements
Maintain working knowledge of, and compliance with, various legal documents, including but not limited to: Loan agreements, JV agreements, Property Management agreements, leases, etc.
Ensure all accounting records and reports are maintained in a 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 and confirm integrity of monthly and quarterly reporting for property(s) or project(s)
Review accounting position memos documenting accounting treatment of new/unusual items
Maintain / Interpret internal controls through documented policies and procedures to ensure accounting record integrity, reliability and asset preservation
Ability to handle complex (e.g. very technical) ownership/equity structures
Maintain a general understanding of the budget and forecasts to be informed on the financial state of projects
Administer financial statement and internal audits
Review tax projections and tax preparation workpapers
Provide guidance and oversight to Accounting and Operations team on complex matters
Supervise and oversee the training and development of accounting personnel and assigned subordinate staff
Direct and monitor the working relationships subordinates have with their counterparts internally and externally
Complete periodic performance reviews and compensation recommendations for direct reports
Analyze/Assess merits of new programs, technology, etc.
Identify risks; propose and implement risk mitigation strategies
Work with Head of Department/VP-Controller, etc. to address issues / needs of the department and assist with administration of projects in the group
Review ad hoc reports generated for upper management and external users as well as other significant internal and external reports