Director - Property and Development Accounting - Mixed-Use

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 - Mixed-Use with Hines, full responsibility for 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:

• 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 - $136,800 - $170,000
  • Houston & Dallas - to be determined based on experience

Closing

At Hines, we believe the built world is ultimately about people. As one of the world’s largest privately held real assets firms, we bring nearly seven decades of investment, development, and management experience to work that shapes cities and communities around the world.

Our people make that possible. Across 29 countries, more than 4,600 colleagues bring different perspectives and expertise to Hines, with opportunities to take on meaningful responsibility, learn from leaders across the business, and build a career with room to evolve. We support that journey through professional development, competitive rewards, comprehensive benefits, and a culture grounded in trust and high standards.

Hines is proud to be named to Fast Company’s annual list of the World’s Most Innovative Companies for 2024.

We are an equal opportunity employer and support workforce diversity.

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