Director - Property and Development Accounting - Mixed-Use

Hines•Houston, TX

2d•Onsite

About The Position

As a Director - Property and Development Accounting - Mixed-Use with Hines, you will have full responsibility for the accounting records and administrative matters for assigned projects and entities, as well as the supervision and development of respective accounting staff. This role involves communicating and coordinating effectively with Hines functional groups and external parties, managing treasury functions, reviewing financial requests and reports, and ensuring compliance with various legal documents. You will maintain accounting records in accordance with GAAP, review general ledgers, and oversee financial statement and internal audits. Additionally, you will provide guidance to the accounting team, supervise and develop accounting personnel, and analyze new programs and technologies to identify and mitigate risks.

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.

Responsibilities

Full responsibility for the accounting records and administrative matters for assigned projects and entities.
Supervision and development of respective accounting staff.
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.