Director - Property and Development Accounting - Commercial

Director - Property And Development Accounting - Commercial

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 - Commercial with Hines, you will apply principles of accounting and finance to analyze financial information and assist with preparation of financial reports. Responsibilities include, but are not limited to :

• 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

Qualifications

Minimum Requirements include :

Closing

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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