Director - Property and Development Accounting - Commercial

Overview

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:

• 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
• Work indoors approximately 100% of the time
• Work overtime as business needs deem appropriate
• Compensation: Chicago - $150,000 - $160,000; Houston & Dallas - to be determined based on experience

Closing

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 glo