Senior Project Accountant - Property and Development Accounting - Industrial

Hines•Houston, TX

4d•Onsite

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.
Three years of public accounting experience or 4 years of professional accounting experience.
Three or more years of prior management experience required.
Commercial real estate experience is strongly preferred.
Public accounting experience is strongly preferred.
Strong organizational and time management skills.
Excellent communication and collaboration skills.
Independently set priorities and proactively meet deadlines.
Ability to multi-task and manage multiple assignments.
Proficiency utilizing various systems; Oracle & JD Edwards system experience advantageous.

Nice To Haves

CPA designation (or intention to work toward CPA designation) is 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)
Prepare funding request to investors and lenders
Treasury functions including but not limited to setting up wire payments for distributions, debt service and other ad hoc wire payments
Review AR aging and assess collectability; recommend write-offs/reserves as needed
May assist Property Management team with A/R Analysis for collection efforts
Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other basis of accounting.
As applicable, review journal entries prepared by Accountant or third party to ensure accuracy and compliance with accounting principles
Maintain reporting and draw calendars for Property/Project
Perform month-end close procedures including preparation and review of account reconciliations for more complex accounting areas
Process recurring and one-off revenue billings; diligently record cash receipts
Review and verify information provided by a third party or other internal functional groups
General ledger review and analysis
Prepare Property/Development Management fees and Construction Management fees ensuring proper calculation, invoicing and recording on a timely basis
Maintain fixed assets including recording/setting up new fixed assets and recording monthly amortization/depreciation
Prepare monthly/quarterly financial statements and supporting schedules working closely with Property/Project Manager to ensure accuracy
Prepare lender reserve/escrow/draw requests (TI, Commissions, Capital)
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.
Enter approved budget into applicable accounting system.
Prepare information for financial statement and internal audits, as needed
Prepare tax projections and tax preparation workpapers
Assist with training and be a resource to new accountants within product type or specialization to ensure consistency of processes and deliverables
Assist Accounting Team with projects, ad hoc reports and analysis as requested