Director - Property and Development Accounting - Living

Director - Property and Development Accounting

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.

Responsibilities

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. Responsibilities include, but are not limited to:

• 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

Qualifications

Minimum Requirements include:

• Bachelor's degree in Accounting from an accredited institution
• CPA required
• Five or more years professional accounting experience
• Public accounting experience is strongly preferred
• Previous supervisory experience is required
• Commercial real estate experience is strongly preferred
• 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
• Compensation: Chicago - $150,000 - $160,000; Houston & Dallas - to be determined based on experience

At Hines, we strive for excellence as a leading global real estate investment manager, driven by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion 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. Includes both the global Hines organization and RIA AUM as of December 31, 2023.

We are an equal opportunity employer and support workforce diversity.

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