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Property Accountant

3 months ago

Greenwich, United States Hines Full time

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 for 2024. Discover endless opportunities to grow and make your mark at Hines.

**Responsibilities**:
Partner with the Property Manager / Project Manager to ensure accuracy of journal entries and general ledger.- Perform cash management functions including but not limited to: monitor and record cash transactions and reconcile bank accounts.- Prepare standard reference requests for new ACH/wire relationships.- Manage and coordinate accounts receivable process with Property Management including but not limited to: A/R analysis and collection, A/R aging review, tenant correspondence regarding balances.- Manage accounts payable functions including but not limited to: issue checks, set up any wire/ACH payments, maintain vendor files and assist with any vendor inquiries.- Coordinate and prepare lease administration as follows: Set up new leases in accounting system, prepare tenant billings, set up tenant recovery profile/pool.- Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreement, etc.).- 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 Staff Accountant, if applicable.- Perform month-end close procedures including preparation and/or review of account reconciliations.- Assist in Property and Hines Annual Plan/Budget/Projection preparation process by preparing revenue projections and variance analysis for certain accounts, generating reports and preparing budget package.- Maintain reporting and budgeting calendars for Property Management team.- Prepare information for various audits (e.g. external, internal, tenant), as needed.- Prepare monthly/quarterly financial statements and supporting schedules working closely with Property/Project Manager to ensure accuracy.- Assist in the setup of new projects with guidance from Accounting Manager. This could include setting up the property in JDE (or similar software), opening bank accounts, preparing rent start letters and assisting with acquisition accounting schedules/entries (FAS 141/142 purchase accounting, straight-line rent, revenue models).- Carry out the proper procedures to ensure internal controls are being met.

Qualifications:
Minimum Requirements include:

- Bachelor’s degree from an accredited institution.
- Two or more years full-charge bookkeeping/accounting experience.-
- Perform numerical and financial calculations.- Analyze and interpret various types of data in order to draw conclusions and solve problems.- Demonstrate extensive knowledge of Microsoft Excel and proficiency utilizing various accounting software and a 10-key calculator.- Compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction, and style.- Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions.- Ability to lift general ledgers, files, records, and computer paper (approximately 5-35lbs).- Work overtime as business needs deem appropriate.
- Compensation: $74,700 - $89,500; 10% Bonus PoolClosing:
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._