Senior Accountant

3 days ago


Raleigh, North Carolina, United States Hines Full time
Senior Accountant Job Description

Hines is seeking a highly skilled Senior Accountant to join our team. As a Senior Accountant, you will play a critical role in ensuring the accuracy and propriety of all financial data and reports maintained and prepared for the properties/projects, tier entities, and investors.

Key Responsibilities:
  • Collaborate with Hines personnel to ensure accuracy of financial reporting, construction draws, and budgets.
  • Manage treasury functions, including cash management and cash flow projections.
  • Prepare funding requests to investors and standard reference requests for new ACH/wire relationships.
  • Review AR aging and assess collectability, recommending write-offs/reserves as needed.
  • Manage accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
  • Manage lease administration, ensuring proper lease accounting treatment per GAAP or other basis of accounting.
  • Prepare operating and tax expense reconciliations (true-ups) as required per governing documents.
  • Review journal entries prepared by Staff Accountant/Accountant and record journal entries for more complex accounting areas.
  • Ensure records are maintained timely, accurately, and in compliance with GAAP or other basis of accounting.
  • Perform month-end close procedures, including preparation and review of account reconciliations for more complex accounting areas.
  • General ledger review and analysis.
  • 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.
  • Prepare information for various audits (external, internal, tenant), as needed.
  • Prepare monthly/quarterly financial statements and supporting schedules, working closely with Property/Project Manager to ensure accuracy.
  • Prepare quarterly debt compliance, if applicable, including compliance certificates and DSCR/Debt Yield calculations in accordance with loan documents.
  • Research accounting guidance and draft position memos documenting accounting treatment of new/unusual items.
  • May assist Asset Manager with maintaining Argus models or reconciliations between Argus model and Property Budget/Projections.
  • Assist in supervision and training/development of Staff Accountants & Accountants.
  • 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.
  • Prepare tax projections and tax preparation workpapers.
Qualifications:
  • Bachelor's degree in Accounting from an accredited institution.
  • Three or more years of public accounting experience or four years of professional accounting experience.
  • Public accounting experience is strongly preferred.
  • CPA designation (or intention to work toward CPA designation) is preferred.
  • Ability to lift general ledgers, files, records, and computer paper (approximately 5-35 pounds).
  • Work overtime as business needs deem appropriate.

Hines is an equal opportunity employer and supports workforce diversity. We are proud to be named to Fast Company's prestigious annual list of the World's Most Innovative Companies for 2024.


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