Accounting Manager

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

The Accounting Manager reports to the Property Controller and ensures the accuracy and propriety of all financial data and reports maintained and prepared for the properties and the related tier entities. This position includes the direct supervision of one of more Project Accountants.

Primary Responsibilities include but are not limited to:

Review, analysis and reporting:

• Review of annual property operating budgets and annual plan
• Review & analysis of monthly operating reports, cash flows and quarterly cash flow and projections
• Review and analysis of tier and project level financial statements
• Review and analysis of balance sheet account reconciliations & monthly trend reports
• Review and analysis of tier entity transactions and consolidation
• Review quarterly cash balance and distributions based on HCF/REIT requirements
• Prepare and / or review other requested reports and schedules as required by public REIT filings
• Prepare and/or review lease memorandums and perform lease administration as necessary.
• Review revenue models, quarterly and annual operating expense calculations and other lease related items.
• Coordinate with international service providers to ensure that deadlines are being adhered to and that the financial statements are accurate each period.
• Performs other accounting duties as necessary.

Books and records:

• Responsible for property partnership (or LLC) and tier entities’ general ledgers and other books and records using GAAP basis accounting
• Works with Project Accountants to ensure GAAP entries are recorded correctly
• Reviews general ledgers, on a monthly basis, for accuracy and completeness
• Maintains appropriate records in accordance with Sarbanes Oxley (SOX) requirements
• Review of the fixed assets records to ensure that transactions are accounted for in accordance with US GAAP.

Audits:

• Understands purpose and procedures of financial statement and audits as performed by external auditors
• Reviews and /or prepares audit workpapers submitted to external auditors within the required time-frame
• Coordinates financial statement audits with HCF/REIT Financial Reporting Group and notifies them of potential audit issues, material transactions which occurred during fiscal year, and any subsequent events. Answers questions and resolves any issues which may arise
• Coordinates internal audits. Prepares and /or reviews information for these audits, as needed
• Coordinates Sarbanes Oxley and tax compliance reviews in regards to information prepared domestically and internationally.

Other:

• Reviews and/or prepares Argus cash flow models on quarterly basis
• Ensures property complies with all HCF/REIT standardized procedures and accounting policies
• Reviews and /or prepares tax schedules for external and /or internal tax accountants
• Ensures required documents are submitted to mortgage lender within the required time-frame (e.g., audit reports, debt covenant compliance, etc.)
• Supervises Project Accountant and assists in supervision of additional property accounting personnel if applicable. In some case this may include oversight in regards to international team members and third party accountants.
• Ensures integrity of all property financial information.
• Contributes to the maintenance of positive project team relations by assisting with questions relating to leases, budgets, costs, etc.
• Acts as a team member with all employees of the property management staff.
• Complies with company policies and procedures and controls.
• Provides assistance to Property Controller, Financial Reporting Group, Asset Management Group, Portfolio Operations Group and Acquisitions Group, as necessary.
• Provides assistance to regional personnel, as requested.

Qualifications

Minimum requirements include:

• Bachelor’s degree in Accounting from an accredited university
• CPA designation (or intention to work toward CPA designation) is required
• Four to six years in accounting. Public accounting experience is strongly preferred. Real estate experience is also a plus.
• Oracle/JD Edwards experience a plus
• Willing to travel approximately 10%.

• Previous supervisory experience is required; experience leading cross-functional process or standardization initiatives is preferred.

• Strong analytical, organizational and time management skills.

• Excellent communication and collaboration skills.

• Ability to build effective relationships with third-party operators and coordinate across Accounting, Asset Management, Property Management, and other stakeholders.

• Set priorities and proactively meet deadlines.

• Ability to multi-task and manage multiple assignments.

• Analytical capability with strengths in process standardization, continuous improvement, and development of scalable accounting practices.

• 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.

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 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. ¹Includes 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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