Senior Project Accountant - Property and Development Accounting - Industrial

About the Role

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 recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. As a Senior Project Accountant in Property and Development Accounting (Industrial), you will ensure accuracy and timeliness of accounting information to meet reporting requirements for specific projects and/or business entities.

Responsibilities

• Work 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).
• Prepare funding requests to investors and lenders.
• Handle treasury functions including setting up wire payments for distributions, debt service, and other ad hoc wire payments.
• Review AR aging and assess collectability; recommend write-offs/reserves as needed.
• Assist Property Management team with A/R analysis for collection efforts.
• Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other basis of accounting. Review journal entries prepared by Accountant or third party for accuracy.
• Maintain reporting and draw calendars for Property/Project.
• Perform month-end close procedures including preparation and review of account reconciliations for complex accounting areas.
• Process recurring and one-time revenue billings; diligently record cash receipts.
• Review and verify information provided by third parties or other internal functional groups.
• Conduct general ledger review and analysis.
• Prepare Property/Development Management fees and Construction Management fees ensuring proper calculation, invoicing, and recording on a timely basis.
• Maintain fixed assets including recording/setting up new fixed assets and recording monthly amortization/depreciation.
• Prepare monthly/quarterly financial statements and supporting schedules, working closely with Property/Project Manager to ensure accuracy.
• Prepare lender reserve/escrow/draw requests (TI, Commissions, Capital).
• Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
• Carry out procedures to ensure internal controls are met.
• Assist Asset Management and Property Management with annual property budget and reconciliation between Argus model and Budget/Forecasts. Enter approved budget into applicable accounting system.
• Prepare information for financial statement and internal audits, as needed.
• Prepare tax projections and tax preparation workpapers.
• Assist with training and be a resource to new accountants within product type or specialization to ensure consistency of processes and deliverables.
• Assist Accounting Team with projects, ad hoc reports, and analysis as requested.

Requirements

• Bachelor’s degree in Accounting from an accredited institution.
• CPA designation (or intention to work toward CPA designation) is preferred.
• Three years of public accounting experience or four years of professional accounting experience.
• Three or more years of prior management experience required.
• Commercial real estate experience is strongly preferred.
• Public accounting experience is strongly preferred.
• Strong organizational and time management skills.
• Excellent communication and collaboration skills.
• Ability to independently set priorities and proactively meet deadlines.
• Ability to multi-task and manage multiple assignments.
• 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.

Pay

Chicago: $85,000 - $100,000; Houston: to be determined based on experience.

About Hines

Hines is a leading global real estate investment manager with a diverse portfolio spanning $93.2 billion in assets across living, office, retail, mixed-use, logistics, and life science projects. Our strategic approach integrates local expertise with global knowledge, prioritizing the growth and wellbeing of our 5,000 employees in 30 countries. We offer comprehensive training, competitive compensation, robust benefits, and generous vacation packages to cultivate an inclusive environment where everyone can thrive.