Property Accountant

3 days ago


Salt Lake, Utah, United States Hines Full time
Accountant Job Description

At Hines, we are seeking a highly skilled Accountant to join our team. As an Accountant, you will play a critical role in analyzing financial information and assisting with the preparation of financial reports.

Key Responsibilities:
  • Partner with the Property Manager/Project Manager to ensure accuracy of journal entries and general ledger across one or multiple projects.
  • Oversee outsourced accounting team responsible for accounts payable, accounts receivable, and bank reconciliations, including training, review of deliverables, and communication of feedback.
  • Coordinate and prepare lease administration, including setting up new leases in the accounting system, preparing tenant billings, and setting up tenant recovery profiles/pools.
  • Prepare operating and tax expense reconciliations (true-ups) as required per governing documents (leases, management agreements, etc.).
  • Record journal entries to the general ledger and ensure records are kept in compliance with GAAP or other basis of accounting.
  • Perform month-end close procedures, including preparation and/or review of account reconciliations.
  • Maintain job cost ledger for development projects and ensure costs are properly coded.
  • 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 packages.
  • 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, including 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 proper procedures to ensure internal controls are being met.
Requirements:
  • Bachelor's degree from an accredited institution.
  • Two or more years of full-charge bookkeeping/accounting experience.
  • Strong knowledge and application of Generally Accepted Accounting Principles.
  • 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 (Yardi preferred).
  • 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 manage work deliverables across multiple properties/projects.
  • Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 lbs.).
  • Work overtime as business needs deem appropriate.

We are an equal opportunity employer and support workforce diversity.


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