Manager - Global Lease Accounting

Hines•Boston, MA

14d

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 an Accounting Manager with the Hines Global Lease Accounting group, you will ensure the accuracy and completeness of the lease abstraction procedures for all North American projects based on standard operating procedures developed by the department. You will also assist in the review of various calculations throughout the year. Responsibilities include, but are not limited to: This role can be based in the locations listed and open to the U.S. only. At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion¹ of assets across such property types as living, office, retail, mixed-use, logistics and life science projects – all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs. While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive. Hines is proud to be named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2024. ¹Includes both the global Hines organization and RIA AUM as of December 31, 2023. We are an equal opportunity employer and support workforce diversity. No calls or emails from third parties at this time please.

Requirements

Bachelor’s degree in Accounting or Finance from an accredited institution.
Four or more years of professional accounting experience.
Strong knowledge and application of Generally Accepted Accounting Principles.
Excellent verbal and written communication skills.
Analyze and interpret various types of data in order to draw conclusions and solve problems.
Proficiency in preparation of computer spreadsheets, analysis, etc.
Strong critical thinking skills.
Strong supervisory skills with the ability to lead and mentor a large group of individuals spread across various geographical locations.
Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions.
High attention to detail for maintaining accurate records and documentation.
Ability to manage high volume and multi-task efficiently.
Work overtime as business needs deem appropriate.

Nice To Haves

Completion of CPA certification is a plus.
Public accounting experience is beneficial.
Commercial real estate experience is strongly preferred.
Previous supervisory experience required.

Responsibilities

Review lease abstracts for new leases and lease amendments for Hines operating properties every period in accordance with the Global Lease Accounting department’s standard abstraction procedures.
Assist with lease administration as follows: interpret lease agreements and accounts for impacts of lease provisions and clauses, ensure that the appropriate accounting treatment has been applied, interpret lease options so that they are applied correctly and draw conclusions as necessary.
Draw the initial conclusion on complex lease accounting matters such as lease modifications or other unusual circumstances with assistance from the Controller as necessary. This could include coordination with the audit team to ensure that they are in agreement with the conclusions reached.
Review straight line rent information entered in the system and provide corrections or feedback where necessary.
Review the percentage rent calculations in the frequency required per the lease document upon being provided with the sales report for each individual tenant.
Review the annual operating expense reconciliation calculations by tenant. This will include a detailed review of the information within each tenant’s detailed schedule along with the individual invoices that are issued.
Review of the annual rent start letter preparation process for tenants within various product types.
Address tenant inquiries related to operating expense estimates and gather documentation and support during tenant audits.
Support the Controller in the preparation of any ad hoc schedules needed for reporting.
Provide guidance to the Staff Accountants and Senior Accountants as necessary in the completion of their roles and responsibilities.
As necessary, step in and perform the preparation of the tasks listed above during times of high volume or when the need arises.
Comply with all Hines policies and procedures.