Director - Property and Development Accounting - Living

Hines•Houston, TX

33d•$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 - Living with Hines, responsible for reviewing the accounting records and administrative matters for assigned projects and entities as well as the supervision and development of respective accounting staff.

Requirements

Bachelor’s degree in Accounting from an accredited institution
Five or more years professional accounting experience
Previous supervisory experience is required
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.)
Work overtime as business needs deem appropriate

Nice To Haves

CPA designation (or intention to work toward CPA designation) is preferred
Public accounting experience is strongly preferred
Commercial real estate experience is strongly preferred

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 workpapers (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