Director - Property and Development Accounting - Living

OverviewWhen 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.ResponsibilitiesAs a Director - Property and Development Accounting - Living with Hines, responsible for reviewing 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:Works 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)Communicate and coordinate with appropriate representatives of external parties.Treasury functions including review of bank reconciliations and contribution/distribution calculations and understanding cash flow projectionsReview funding request to investors and lendersReview and coordinate approval of reserves and write-offs in accordance with governing agreementsEnsure all accounting records and reports are maintained 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 analysisReview (or prepare) Property/Development Management fees and Construction Management fees ensuring proper calculation, invoicing and recording on a timely basisReview monthly/quarterly financial statements/reports and supporting schedules working closely with the Property/Project Manager and Accountants to ensure accuracyResearch accounting guidance and draft position memos documenting accounting treatment of new/unusual itemsCarry out the proper procedures to ensure internal controls are being metMay assist Asset Management and Property Management with annual property budget and reconciliation between Argus model and budget/forecastsPrepare audited financial statements and footnotes and provide support for more complex accounting areasAssist Accountant/Senior Accountant with preparation of tax projections and tax preparation workpapers (may prepare for more complex projects/properties)Contribute to the development of Senior Accountants and Accountants through supervision, training, and providing feedback for annual and ongoing reviewsPrepare and teach/lead various Hines training courses to AccountantsParticipate in pilots and process improvement opportunities providing feedback and assisting in implementationPrepare ad hoc reports for upper management and external users as well as other significant internal reportsDemonstrate commitment to professional development by actively pursuing continuous education opportunities to enhance accounting skills including obtaining CPA certificationQualificationsMinimum Requirements include:Bachelor’s degree in Accounting from an accredited institutionCPA requiredFive or more years professional accounting experiencePublic accounting experience is strongly preferredPrevious supervisory experience is requiredCommercial real estate experience is strongly preferredStrong analytical, organizational and time management skillsExcellent communication and collaboration skillsSet priorities and proactively meet deadlinesAbility to multi-task and manage multiple assignmentsAnalytical capability with strengths in identifying and implementing continuous improvementProficiency utilizing various systems; Oracle & JD Edwards system experience advantageousWork indoors approximately 100% of the timeAbility to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.)Work overtime as business needs deem appropriateCompensation: Chicago - $150,000 - $160,000; Houston & Dallas - to be determined based on experienceClosingAt 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.No calls or emails from third parties at this time please.Job SummaryJob ID: 2025-13592Category: Accounting and FP&ALocation : Location: US-TX-Houston